Bank Windhoek awarded the best dealerships and sales people in the motor vehicle industry at its annual Selekt Sales Awards ceremony in Windhoek.
In Namibia, growth in the country’s real gross domestic product (GDP) has virtually stood still since 2016. Its economy has been contracting since the second quarter of 2017 up until the first quarter of 2019 – thus eight quarters of negative growth. Forecasts for 2020 peg growth at below 2%, and even that carries significant downside risk.
Namibian private equity firm, Eos Capital on Thursday launched its NAMBOB brand onto the Namibian funeral space, as part of a rebranding exercise of AVBOB Namibia Holdings (Pty) Ltd after receiving the requisite regulatory approval to complete the acquisition of the business, which was funded through its N$460 million Allegrow Fund.
The recent election of a new leadership in three of Namibia Chamber of Commerce and Industry (NCCI) northern regions is expected to bring to an end the fight for control of the organisation’s members in the region, a position which over the years has pitted the trade lobby group against Tomas Iindji of the northern branch.
The High-Level Panel on the Namibian economy forecasts that the domestic economy could recover in the next 12 months.
The 22-member panel which draws its expertise from different fields including business, however, warned external shocks in the global economy could become a threat to the forecasted recovery.