For the 2021 financial year, Trustco reported a decrease in revenue of 49% to N$313 million, with an increase in basic as well as headline losses of 228% and 201% respectively, or losses down to N$872 million and N$766 million, respectively. Losses after tax increased by 190% to N$988 million, compared to a loss after tax of N$343 million the previous year.
The Ministry of Industrialisation and Trade (MIT) launched the MSME policy that was approved by Cabinet and parliament in 2016. The major objectives of the policy are to foster the development of MSMEs by adopting international good practices for modernisation and upgrading of technology.
Since the advent of the festive season, Telecom Namibia has been experiencing a number of service disruptions affecting dozens of customers mainly due to the theft of copper wires.
As the proliferation of apartment and townhouse complexes in Namibia continues unabated due to an ongoing housing crisis, many residents around the country inevitably end up belonging to a body corporate, which in turn appoints a property management company to cater for the maintenance needs of the respective properties.
The Roads Authority (RA) has confirmed that bookings for learner licence testing will commence on Tuesday, 1 February 2022 at all NaTIS centres countrywide. A statement from the RA informed that applicants will no longer be required to drop their applications in a box at NaTIS centres.
The Black Business Leadership Network of Namibia (BBLNN) held a peaceful demonstration on Friday, where it alleged the Development Bank of Namibia (DBN) has adopted a mandate of liquidating mostly black businesses.
The GIPF has taken note of articles circulating on social media regarding the “death after retirement” benefits offered by the GIPF, and more so as it affects members who are single at the time of their death.
It is therefore not surprising that the ripple effect of the current financial environment has not only created an environment of constant stress, but has also led to a cycle of debt for many individuals.
Many local economists are generally optimistic about the domestic economic outlook for 2022, with some stating they “expect stronger growth of 3% in 2022, driven by a continued base effect recovery across the secondary and tertiary industries, bolstered by a stronger mining output”.
Three months after joining 191 other nations as a participant at the Expo 2020 Dubai hosted in the United Arab Emirates, Namibia is well on her way to achieving ambitious goals set for the expo.