Development Bank of Namibia (DBN) Head of Marketing and Corporate Communication, Jerome Mutumba, says that as the economy begins to improve, entrepreneurs will find greater confidence to establish SMEs, and existing SMEs will seek finance to grow.
As the Namibian economy continues to navigate serious challenges; the knock-on effect on consumers is one of the main issues keeping new SMEs awake at night.
At least 912 Telecom Namibia customers were left without telecommunication services this week, following another cable theft in the John Pandeni (Soweto) and Katutura East constituencies.
Cerebos Namibia salt packaging and distribution plant was officially opened by the Minister of Industrialisation, Trade and SME Development, Tjekero Tweya, in Windhoek this week.
The City of Windhoek has threatened to disconnect water and electricity supplies to government-run schools within the Khomas Region over non-payment.
There is no doubt that many are happy to see 2018 end. Businesses, households and government have all struggled financially over the past 12 months and can only hope that 2019 won’t be worse.
While we wish everyone a happy holiday, we caution all to take steps to prepare for a stark 2019.
This year continued to be characterised by an economy in recession and reduced government spending, which accounts for about 60 percent of total spending in Namibia.
PSG Namibia has cut its 2018 GDP growth forecast to -0.4 percent from -0.2 percent, Head of Research, Eloise du Plessis, said this week.
If you are anything like me over the holidays, I cannot wait to shove my face into the sweet desserts that seem to be everywhere.
This year has been very exciting for me. I have had the chance to attend great shows and meet entertainers who are very talented. With my job as a senior entertainment journalist, I have the opportunity to meet and mingle with celebrities and talented artists from everywhere; this is something that most people only dream about. Indeed, I am very thankful for such an opportunity.