Business

OKAHANDJA – The Olafika SME Development Mentorship Programme, a Namibian Diamond Trading Company (NDTC)-sponsored initiative, is building a Diamond Generation by placing more emphasis on developing small and medium enterprises (SMEs).

WINDHOEK - Sanlam last week opened its new office in Outapi. Located at the Outapi shopping mall, the new office was opened with the aim of taking services closer to the people of Outapi and nearby towns. 

WINDHOEK – The Kavango East Region has been allocated N$226 774 000 for its development budget for the 2019/20 financial year. For the remainder of the Medium-Term Expenditure Framework the development budget for the region reduces to N$216 687 000 in 2020/21 and then reduces further to N$190 702 000 for the 2021/22 financial year. 

WINDHOEK – One of the global leaders in aeronautics and space-related services, Airbus, last week held its annual African airlines business lab symposium in Zanzibar, bringing together airline industry experts and managers from carriers across the region, to position their businesses to take advantage of the rapidly expanding African market.

WINDHOEK - Without sufficient and affordable supply of electricity, crucial economic contributors, such as the mining sector, will not be able to operate optimally. For instance, of the more than 4 000 gigawatt hours (GWh) the country consumed in 2018, a significant portion, or just over 1 400 GWh, was consumed by the mining sector.  

WINDHOEK – Namibia’s overall rental prices per square meter have increased steadily year after year despite the fact that the sizes of properties rented have continued to decrease across the country.

WINDHOEK - FNB Namibia has introduced an additional safety measurement, called Online Secure, which requires customers to enter a One Time Pin (OTP) as confirmation that an online transaction is valid and verified by the card holder. 

WINDHOEK - After awarding a tender for the construction of a new fire station, the Mariental Municipality is reviewing the allocation following an objection by another company that submitted a bid which was lower by close to N$90 000.

WINDHOEK – The Capricorn Group hosted an Investor Relations and Integrated Reporting workshop yesterday, in partnership with Greymatter & Finch.

WINDHOEK – Namibia has yet to sign up to the African Union’s Single Africa Air Transport Market (SAATM) project, after 28 countries on the continent have already signed up. According to the International Air Transport Association (IATA), a single air transport market for the continent, if implemented, gives Africa the potential for economic transformation and the association has urged the remaining 27 countries to follow suit.