The Euphrates Agri fund, managed by Eos Capital, a Namibian private equity firm with N$1 billion in assets under management, has acquired a minority stake in the Namibian business of Cherry Irrigation for an undisclosed amount.
Business
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Sinimbo: Informal traders can’t be overlooked
Deputy minister of industrialisation and trade, Verna Sinimbo last week undertook a visit to informal traders in Windhoek’s Samora Machel constituency to investigate how informal traders were reverting to normality after the devastating impact of Covid-19 and its associated lockdowns.
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Local banks clarify balloon payments
Local commercial banks have been offering prospective clients the option to use a balloon payment option as part of their instalment sales possibilities when purchasing a vehicle.
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Namibian trade increased by close to N$30 billion in 2021
Namibia’s trade activities increased significantly for the period of January to December 2021 when compared to the same period of 2020.
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WBCG throws weight behind Katima logistics hub
The Walvis Bay Corridor Group (WBCG) says it is in full support of the establishment of a fully-fledged logistics hub at Katima Mulilo as this aligns perfectly with Namibia’s Logistics Hub Master Plan, of which the WBCG is the executing agency.
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Old Mutual to host Skenjana on the next Fireside Chat
Lindelwa Skenjana, the author of The Black Girl’s Guide to Corporate South Africa, will be the guest speaker at the second Old Mutual Fireside Chat, scheduled for 25 February 2022. Skenjana will be engaging with Old Mutual Brand Manager Mauriza Fredericks in this virtual event and will touch on how her book, which shares insights of black women at various stages of their careers, assist women to
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The essential role of farmworkers in farming businesses
Farming businesses are vital enterprises that produce food for all people in any country. They generate income for their owners, and ensure that local employment opportunities are created for the unskilled and semi-skilled segment of the populace.
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Labour ministry warns against mandatory vaccinations
The labour ministry does not, at this juncture, advise employers to introduce mandatory vaccinations at workplaces. Rather, the ministry, as the government’s authority on all labour matters, advises that employers address Covid-19 at the workplace with a policy that is consistent with government’s official position.
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Ethiopian Airlines’ B737 MAX returns to the sky
Ethiopian Airlines returned its B737 MAX to the sky on Tuesday for the first time since two deadly crashes in 2019 forced regulators to ground the entire 737 fleet around the world.
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More than 3 200 retrenchments in 2021
More than 380 Namibian employers provided notice to the labour commissioner to retrench 3244 employees from 1 January 2021 to 31 December 2021.