Business

Namaloe Vera, a local manufacturer of natural aloe products founded by entrepreneur Risto Ashikoto, is making progress in terms of market penetration which has resulted in an increase of its products on shelves country-wide.

After months of being grounded from international flights, since the state of emergency necessitated by Covid-19, Air Namibia will finally take to foreign skies again as it will resume weekly flights to Johannesburg and Cape Town as of 28 October 2020.

Trustco Group Holdings on Monday confirmed it is in negotiations with an international private equity fund for a debt facility of US$50 million (N$822 million) and an export credit facility to the amount of US$35.8 million (N$590 million).

For the first time in Namibia’s history, the country is exporting tons of blueberries.

Traditional art and craft are favourites as souvenirs when tourists visit Namibia, where traditional craft making has become one of the key sources of cash for many San Women in the Nyae Nyae Conservancy.

The nominal value of the building plans completed during August 2020 increased substantially to N$450.2 million compared to N$369 million recorded in July 2020.

Namibia’s stock of international reserves held by the Bank of Namibia (BoN) decreased both on an annual and quarterly basis at the end of the second quarter of 2020.

Information and communication technology (ICT) around the world are continuing to evolve at a speed that seems to be increasing exponentially and this evolution is more evident now that many companies have realised, after the Covid-19 lockdowns, that more and more employees can efficiently work from home.

The Namibian private sector, specifically small medium enterprises (SME), is eligible to receive targeted support to cushion the economic impact on business losses by pitching for recovery grant scheme through the German development agency, GIZ.

It is imperative for Namibia to ratify the Southern African Customs Union (SACU), Mozambique and United Kingdom (UK) Economic Partnership Agreement (EPA) as soon as possible to ensure the country continues to benefit from duty free and quota free trade with the UK after December 2020.