The global economy is expected to suffer a deeper contraction this year than previously thought, as the pandemic and lockdowns devastated markets before it recovers in 2021.
Business
Ethiopian Airlines unveils Covid-19 Global Insurance Cover
Ethiopian Airlines Group, the largest aviation group in Africa, has confirmed that it will cover the medical insurance, including repatriation, evacuation and quarantine costs, related to Covid-19 as of 01 October 2020 until 31 March 2021.
Bank Windhoek to host online event on smart-agri practices
Bank Windhoek, in collaboration with the Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ), the Namibia Nature Foundation (NNF), and Namibian Organic Association (NOA), will host a two-day online agricultural event, on Wednesday and Thursday, 7 and 8 October 2020.
Namibia registered N$5.1 billion surplus on current account
Namibia registered a surplus on the current account during the second quarter of 2020, mainly due to a merchandise trade surplus and an increase in secondary income inflows.
4.5 million African jobs at risk due to Covid-19 and travel restrictions
The International Air Transport Association (IATA) warned that the damage being done to the African aviation industry and on economies by the shutdown of air traffic owing to the Covid-19 pandemic has deepened.
Mulunga reappointed as Namcor MD
Immanuel Mulunga has been re-appointed as the managing director of the National Petroleum Corporation of Namibia (Namcor).
Diesel down while petrol remains unchanged for October
he mines and energy ministry has decided to provide some relief to motorists during October by decreasing diesel pump prices countrywide
Backyard businesses balloon as economic activity flattens
This drastic and unexpected economic slump on Namibian households is undeniable as many businesses closed, leaving many people unemployed and even more with significantly reduced salaries.
Global aviation experienced worst summer ever
…airline traffic expected to decline by 66% in 2020 - IATA
OmniCare Trust Mobile Clinic receives over N$1.2 million
The OmniCare Trust Mobile Clinic last week the received over N$1.2 million from FirstRand Namibia’s Health Optimisation Pandemic