Business

Government, in partnership with the participating commercial banking institutions and with financial support of the Bank of Namibia, on Friday announced the commencement of the Covid-19 SME loan scheme to the tune of N$500 million.

Namibia’s housing demand continues to outstrip supply and it is estimated that the country’s housing backlog shortage is hovering above the 110

“Although student debt can be significant and the desire to take advantage of one’s youth can lead to some reckless spending, the beginning of adulthood is a critical period to ensure a prosperous future for yourself.

All businesses globally have been severely impacted by the Covid-19 environment which somehow brought about new abnormalities that we must all strive to adapt to if we are to successfully navigate this pandemic and avoid any severe impact to businesses.

Prime Minister Saara Kuugongelwa-Amadhila has appointed new executive directors at the ministries of international relations and industrialisation and trade. 

The Composite Index of Beverages, consisting of alcoholic and non-alcoholic beverages, recorded 95 basis points in September 2020, up by 19.5% and lower by 33% when compared to August 2020 and September 2019, respectively.

The Ministry of Industrialisation and Trade has confirmed that Namibia ratified the SACU-Mozambique and United Kingdom Economic Partnership Agreement (SACUM - UK EPA) in the National Assembly on 20 October 2020.

During the month of September 2020, the volume of Namibian diamonds produced stood at 36 601 carats. This figure is the lowest monthly production by far between January 2015 to September 2020.

Investment, savings and insurance company Old Mutual Namibia celebrated their centenary with the reflection of achievements they have made, which includes about N$2.75 billion paid annually in recent years as they honoured insurance obligations to their customers.

The Road Fund Administration (RFA) yesterday introduced its new corporate identity, replacing the brand that had been in use since it commenced business operations in 2000.