As of October 2020, FNB customers will earn even more cash back with the FNB rewards programme, said Ryno Holland-Muter, Rewards Manager at FNB Namibia.
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2020-10-082024-05-06Business
Threat of synthetics is an opportunity for diamond traceability
The Namibia Desert Diamonds (Namdia) General Manager of Sales and Marketing, Lelly Usiku, said the threat of synthetic diamonds has brought about an opportunity in the diamond industry to focus on the traceability of the precious stones to verify diamond origins from the mines to jewellery.
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2020-10-082024-05-06Business
Power generation in Q2 recorded 24% deflation
The generation, transmission, and distribution of electricity in Namibia recorded deflation of 24% during the second quarter compared to an increase of 2.9% obtained during the same period a year earlier.
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2020-10-082024-05-06Business
Looming cash crisis threatens air travel… global airlines lose almost N$5 million every minute
GENEVA – The International Air Transport Association (IATA) warned that the airline industry will burn through US$77 billion (N$1.2 trillion) in cash during the second half of 2020.
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2020-10-072024-05-06Business
Opinion – Trust at the core of new world of banking
While the increasing pace of digitisation has been coming for decades, the Covid-19 pandemic unleashed changes that seemed unthinkable just a few months ago and compelled us to make rapid change – faster any organisation could imagine.
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2020-10-072024-05-06Business
N$8 million earmarked for informal economy
Through the Southern African Development Community (SADC) trade-related facility, the industrial upgrading modernisation plan (IUMP) is expected to inject around N$8 million into Namibia’s informal economy.
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2020-10-072024-05-06Business
Individuals could lose valuable assets through illegal schemes
The Deputy Director of Policy and Regulations at the Bank of Namibia, Elifas Kamati, cautioned the public that they may lose their assets from financial institutions if they borrow money to partake in the now common illegal financial schemes.
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2020-10-062024-05-06Business
Pandemic forced business registration down by 36%
Covid-19 brought many activities in the world to a standstill and had many negative effects on various business operations.
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2020-10-062024-05-06Business
Jooste tells new boards not to abuse positions
Minister of Public Enterprises, Leon Jooste encouraged new board members at the Namibia Airports Company and NamPower to at all times act honestly in the performance of their functions.
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2020-10-062024-05-06Business
Double-digit drop for sectors in Q2
Double-digit reductions were recorded in some sectors of the domestic economy for the second quarter of 2020. Hotels and Restaurants recorded the highest decline of 64.2% compared to a growth of 12.3% of the same quarter of 2019.