7 months ago

New Era Newspaper Thursday August 3, 2017

  • Text
  • Namibia
  • August
  • Windhoek
  • Namibian
  • Geingob
  • African
  • Expo
  • Hospitality
  • Okahandja
  • Hage

10 Inside BUSINESS

10 Inside BUSINESS Thursday, August 3 2017 | NEW ERA Eenhana Trade and Business Expo kicks off Ploughing back… Main sponsors of the 2017 Eenhana Trade and Business Expo, Erastus Nicodemus (second from left) and his wife, Menette (to his left), receive a certificate of recognition from Economic Planning Minister Tom Alweendo (right) and Eenhana Mayor Amos Nangolo at a gala dinner on Saturday. Photo: Nampa ONGWEDIVA The 2017 Eenhana Trade and Business Expo started its activities on Monday with 230 local and foreign exhibitors showcasing their products and services at the town. The expo, now in its 10th year, is being hosted at the newly-built Eenhana Convention City centre for the first time. Previously, the popular event was held at Eenhana Multi-Purpose Youth Centre. Eenhana Council’s corporate communications officer, Paullo Shilongo, on Tuesday told Nampa the new venue has improved exhibition facilities and provides ample space for exhibitors, activities and visitors. He said foreign entrepreneurs participating in the showcase this year include three exhibitors from Tanzania, one from Zimbabwe and three from Kenya and called on people of Ohangwena Region and elsewhere to visit the expo, which is amongst others aimed at business networking, establishing partnerships and information sharing. He added that the incorporation of the Kapuka Annual Sport Tournament into the expo and the establishment of the Convention City make the show this year even more special. The Kapuka Annual Sport Tournament - the Ohangwena Region-based sporting event hosted every year mostly for schools in the far northern Namibia - used to be staged at Helao Nafidi. The main sponsor of the expo is Nicodemus Holdings, with a contribution of N0,000. The event, hosted under the theme ‘A decade of entrepreneurship and exhibition excellence’, ends on Saturday. – Nampa E m Birthday ploye Happy 76th Your Excellency President Hage Geingob May the good Lord bless you with good health and many more years to come. e s’ CompensationFund (ECF) Social Protection for all Namibians Everyday, countless Namibians work hard to extend a service to the nation, provide food on the table for their families and to make some of their dreams come true! At times, these ambitions are interrupted by The an Social accident Security at the workplace. Commission The envision Employees’ a country Compensation where Fund, Social administered Protection by is the Socia Security enjoyed Commission, by all Namibians. compensates As we employees reflect on who this in day, the course we recommit of their work ourselves are injured to or disabled provide comprehensive Social Protection for all Namibians. as a result of an accident. In the event that an employee dies as a result of a workplace accident, the surviving spouse or children are entitled to a payout. All Commissioners, Management and Staff congratulate the Namibian Nation on it’s 26 th Independence birthday. To find out more about these benefits, contact any SSC offices countrywide. Vision Vision: To We be envision a world a productive class provider Namibian of social society security enjoying benefits comprehensive to the Namibian social protection. Workforce and other Beneficiaries by 2012. Vision: Mission: To professionally be the preferred administer provider the funds of comprehensive for the efficient and social sustainable protection provision in Namibia. of social security benefits to the Namibian Mission Workforce and other beneficiaries, consistently expand coverage and benefits, meaningfully contribute towards OUR FUTURE OUR M

Thursday, August 3 2017 | NEW ERA Inside BUSINESS 11 ABB opens new 2 200sqm facility in Windhoek Staff Reporter Windhoek ABB has entrenched its commitment in Southern Africa by opening a new 2,200 m² facility in Windhoek, which increases the company’s capacity to supply, maintain and service products to the local market and neighbouring countries such as Zambia and Angola. This expanded facility will also start servicing the market needs for medium voltage products, and low and high voltage switchgear, and is soon to introduce distribution transformers into the local market. The new facility is a consolidation of the two offices ABB previously had in Windhoek and the company has realigned its organisational structure to reflect its growth focus and position ABB Ability, which represents its complete portfolio of digital solutions with a set of common enabling technologies that are used to build devices, systems and applications. “Namibia is an important market for ABB, as it is the second largest contributor in the region to our revenue after South Africa. We have been in the country since the early Photo: Contributed Poised… ABB’s new facility in Windhoek will soon start servicing the market needs for medium voltage products, low and high voltage switchgear, and is set to introduce distribution transformers into the local market. MARKET OVERVIEW 90‘s, and this investment is part of our commitment to the region to enable the offering of more services and products,” said ABB Southern Africa MD, Leon Viljoen. “The new facility will also help us to better service the neighbouring markets of Angola and Zambia from here, further improving our penetration into those countries.” ABB has been operating in Namibia since 1990, after acquiring a small local contracting business and converting it into a full service business focusing on local mining, utilities and industrial sectors. In the past decade, ABB’s operations in the country have grown in parallel to the country’s GDP growth, resulting in more business from the public sector. Viljoen said the new Windhoek facility will also ensure that the company is prepared for anticipated continued public capital spending in the next few years. With a reasonable operation in Zambia, but very small in Angola, Viljoen envisions Namibia becoming the main centre for delivering services across the border in Angola. “One advantage for our team in Namibia is that they can speedily service customers in Angola,” said Viljoen. ABB has spent the last 12 months realigning and restructuring the Namibian operation, including ensuring that local employees are adequately developed through upskilling in order for them to positively respond to growing service demand. The new facility currently employs about 70 people. “In order for the Namibian office to deliver the service they envision, skills development will be a priority to ensure that our employees cover the full range of their products and services needed. Depending on the skills required our people have been trained, and will continue to receive training, from the colleagues and trainers from training facilities in South Africa, Europe or India,” said Victoria Konjore, head of human resources, ABB in Namibia. ABB has operations in 23 African countries and employs about 5,000 people across the continent. As a pioneering technology leader serving utilities, industry and transport and infrastructure customers globally, ABB supports Africa’s growth with innovative solutions designed to address local challenges, from access to electricity, industrial development, to sustainable transport. As part of its commitment to Africa, ABB provides scholarships and internships for talented engineers who need financial support to complete their studies. ABB has annual sales in Africa of around .5 billion and manufacturing operations in Egypt and South Africa. ABB is a technology leader in electrification products, robotics and motion, industrial automation and power grids, serving customers in utilities, industry and transport and infrastructure globally. Continuing a more than 125-year history of innovation, ABB operates in more than 100 countries with about 132,000 employees. Standard Bank supports SME growth through Katutura Expo Staff Reporter Windhoek Standard Bank Namibia says it has great joy in investing in the annual Katutura Expo, which this year is being held under the theme: “Driving towards breaking barriers of economic inequality.” The Bank donated N,000 to further the goals set forth for the expo during a fundraising dinner held on Saturday at the Safari Court and Hotel. The expo is being held from August 1 - 6 at the Katutura Multipurpose Youth Stadium. Standard Bank’s Katutura branch manager, Lazarus Shikongo, said he was confident the expo would make a real difference in the lives of community members, especially because Katutura has the potential to become a hive of business activity and trade for many entrepreneurs, especially in the SME sector. “SMEs play a vital role in Namibia’s economy, with one in five people employed in the SME sector. Furthermore, not only do SMEs contribute over 12% to the gross domestic product, they also raise the living standards of many Namibians, which in turn helps alleviate poverty and empower our men and women entrepreneurs to run sustainable businesses ... Standard Bank believes that through this expo, SMEs can play a pivotal role in become agents of economic growth, while at the same time eradicating poverty and unemployment,” Shikongo explained. He added he is optimistic the Bank’s sponsorship will go a long way in promoting trade and investment, as well as making a meaningful impact on local entrepreneurs in Katutura at the expo, all the while moving them forward with tailor-made banking services. The mayor of Windhoek, Muese Kazapua, who also attended the gala, said he was pleased with the expo, most especially because the theme coincides with the city’s efforts to break economic inequality. “The attendance and pledges of so many companies is testimony of the commitment and importance attached to realising the framework of Harambee to fight poverty,” he said. He also commended the expo for being a noble initiative which will have a positive impact by uplifting the living standards of Katutura residents and enhancing its business endeavours. “This is a platform for the less privileged people in Katutura to exhibit and showcase their products, hopefully allowing for them to expand their businesses,” Kazapua stressed. The mastermind behind the expo, Councillor Ambrosius Kandjii, thanked all the sponsors and Standard Bank for their commitment to the expo as it will promote economic development, and urged fellow corporates to follow suit and play their part. Money Market Change Latest Selected NSX Stock 3 months -0.01% 7.07% Symbol Stock Name Spot % Move 6 months -0.02% 7.48% CGP CAPRICORN INVESTMENT GROUP 1800 0.00% 9 months -0.01% 7.58% NBS NAMIBIA BREWERIES LTD 3350 0.00% 12 months 0.00% 7.78% BVN BIDVEST NAMIBIA LTD 787 0.00% Bonds Change Latest FNB FNB NAMIBIA HOLDINGS LTD 4674 -0.09% GC17 (R203 : 6.88%) -0.06% 7.55% ORY ORYX PROPERTIES LTD 2070 0.49% GC18 (R204 : 7.1%) -0.03% 8.01% NAM NAMIBIAN ASSET MANAGEMENT 72 0.00% GC21 (R208 : 7.52%) -0.01% 8.34% NHL NICTUS NAMIBIA 200 0.00% GC24 (R186 : 8.6%) -0.01% 9.82% BMN BANNERMAN RESOURCES LTD 29 0.00% GC27 (R186 : 8.6%) -0.01% 10.21% DYL DEEP YELLOW LTD 289 -3.99% GC30 (R2030 : 9.15%) -0.01% 10.82% SILP STIMULUS INVESTMENT LTD-PREF 12129 0.00% GC32 (R213 : 9.24%) -0.01% 10.95% FSY FORSYS METALS CORP 136 3.03% GC35 (R209 : 9.59%) 0.00% 11.02% TUC TRUSTCO GROUP HOLDINGS LTD 400 0.00% Commodities %Change Latest B2G B2GOLD CORP 3252 -1.69% Gold 0.13% $ 1,270.45 Platinum 0.35% $ 948.86 Copper 0.00% $ 6,345.00 Brent Crude -0.14% $ 50.96 Main Indices %Change Latest NSX (Delayed) -0.23% 1106.52 JSE All Share -0.11% 55,331.16 SP500 0.24% 2,476.35 FTSE 100 -0.28% 7,403.02 Hangseng 0.24% 27,607.38 DAX -0.60% 12,178.08 JSE Sectors %Change Latest Financials 0.32% 15,321.90 Resources -1.06% 34,238.13 Industrials 0.03% 75,139.41 Forex %Change Latest N$/US dollar -0.01% 13.2716 N$/Pound 0.16% 17.5522 N$/Euro 0.41% 15.7295 US dollar/ Euro 0.42% 1.1852 Namibia Monthly Data Latest Previous Namibia Inflation (Jun 17) 6.1 6.3 Bank Prime 10.75 10.75 BoN Repo Rate 7.00 7.00 2-Aug-17

New Era

New Era Newspaper Vol 22 No 167