Air Namibia has suspended its process of appointing a new Managing Director. This was done as the practicality of the appointment will be heavily dependent on a cabinet pronouncement on the future of the airline.
Namibia Stock Exchange-listed Letshego Namibia says the introduced Micro Lending Act will impact on the profitability of its micro-lending business going forward as it moves to develop new product offering for its clients.
The Zambezi Meat Corporation (Zamco) says the recent outbreak of foot and mouth in the Zambezi region does not have an impact on its operations as the company is still to start its operations.
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.
Parts of South Africa are on fire because of unaddressed smouldering issues left unattended by those elected to run the country. We condemn the violence in the streets of our neighbouring country and worry for Namibians living and working there.
We have been following the various developments emerging from the recently concluded Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) held in Geneva, Switzerland. We applaud the statements of Minister of Environment and Tourism Pohamba Shifeta calling for a review of Namibia’s continued membership in that international convention.
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.
The Capricorn Group says it has repositioned its loss-making Zambian unit, Cavmont Bank to focus primarily on servicing the neighboring country’s SMEs sector as part of its turnaround efforts.
In Namibia, 44 per cent of young people are unemployed and there is mounting pressure on Government institutions and departments to provide employment opportunities for them.