“Over the past decade and even before that, sponsorships, donations and CSI initiatives have undergone dramatic changes and this philanthropy landscape keeps on changing. Today, more than ever, CSI managers and donors identify with a wide range of social problems and understand the importance of solving and prioritising strategic programmes; with the aim of [...]
The 34th edition of the Nedbank Cycle Challenge was launched in the capital on Wednesday, 30 January 2019. The Nedbank Cycle Challenge is the largest participatory cycling event on the Namibian sporting calendar with over 1000 cyclist expected take part in the icon race this year. Speaking at the launch event, Nedbank Namibia Chief [...]
Bank Windhoek, Auto Armor Namibia and Amber Connect have joined forces to offer enhanced safety at significantly reduced prices to Namibians who purchase new, or pre-owned vehicles, financed by Bank Windhoek’s Vehicle and Asset Finance Department. The smart partnership was forged to offer current and prospective buyers an opportunity to take advantage of tailor-made [...]
The 2019 substantive salary negotiations between Dundee Precious Metals Tsumeb and the Mine Workers Union of Namibia Tsumeb Branch was concluded on the, 25th January 2019 in Tsumeb. The agreement provides for a 5.1% annual increase in basic salary and other benefits for all permanent employees within the bargaining unit which comprises of A1-C3. [...]
Only a few months since the official groundbreaking of its manufacturing plant, Namibia Plastics is already making strides toward its goal of entirely curbing the import of plastic products. It was a proud moment for CEO and co-founder, Johan Struwig and his team when he officially handed over packaging to Namibia Breweries Limited (NBL) [...]
Outlook 2019 – The future is not what it used to be By Floris Bergh Chief Economist at Capricorn Asset Management The Namibian economy will probably show marginally positive growth in 2019 of 1.5% in real terms. This outcome will largely be the result of a “flattening” out of the down cycle rather than [...]
The Namibian Ports Authority is proud to host five cruise passenger liners during January 2019. This will be the first time in the history of the port that three passenger vessels will be alongside simultaneously. The first vessel, Aida Aura expected date of arrival the 15th January 2019 and the MSC Musica, Nautica and [...]
What is the Microlending Act? The Microlending Act, 2018 (Act No. 7 of 2018) (“the Act”) is an Act of Parliament, which came into force on 15 October 2018. The main purpose of the Act is to regulate and supervise microlending business in Namibia, to establish an effective and consistent enforcement framework relating to [...]
Jerome Mutumba, Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication says that as the economy begins to improve entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek finance to grow. However, he says, confidence should walk hand in hand with responsible borrowing. Responsible borrowing, Mutumba says, takes [...]
As the Namibian economy continues to navigate economic challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night. Sam Ikela, Head of SMEs at FNB Business says, “despite the resilience of the SME sector; new franchisees are cautiously observing the economic headwinds and their anticipated impact [...]
