NCCI

25 Jun

NCCI welcomes easing of restrictions

ObserverObserver MoneyNamibia Chamber of Commerce and Industry (NCCI), NCCI, NCCI President Sven Thieme, president Hage Geingob

Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) says the easing of lock down measures as the country moves to stage 4 as announced by President Hage Geingob on Monday will allow the local economy and businesses to begin to recover. “It is with great relief that we can welcome the start of our society’s reopening, in the wake of this unprecedented economic lockdown. As we take our first steps along the road to economic recovery, we should be immensely grateful for the efforts by Government and particularly of all those who continue to work so hard to…

NCCI takes aim at Banks

ObserverUncategorisedCovid-19, NCCI

Staff Writer The Namibia Chamber of Commerce and Industry (NCCI) has raised concern over relief measures offered by commercial banks. NCCI Chief Executive Officer Charity Mwiya speaking during a meeting with the Bank of Namibia (BON) Deputy Governor Ebson Uanguta, accused banks not delivering on promises made to assist businesses negatively affected by the effects of COVID-19. “For example banks are swift in offering debt servicing holidays, but that such offers preclude interest reduction. To add salt to injury by adding administrative charges, treating a payment holiday as a new loan or credit facility, in doing so expecting borrowers to…