Good businesses recognised

The development bank last week recognised those it said most optimally used its assistance in the past year.

01 November 2016 | Business

0

The Development Bank of Namibia (DBN) held its annual Good Business Awards ceremony, paying homage to local businesses making a positive impact on their communities.

Awards were given in the categories ''large enterprise'', ''emerging enterprise'' and ''innovation'', with Gondwana Group member, the Delight Hotel in Swakopmund, crowned the winner in the larger category.

The 54-bed hotel was hailed for its added capacity to tourism in the region, while providing opportunities for other businesses in the sector, including restaurants, shops and activity operators.

In the emerging business category, the winner was Octagon Construction, a Windhoek company with a branch office at Ongwediva which specialises in roads, bridges, municipal infrastructure and housing developments.

The innovation award, recognising innovative enterprises and initiatives with potential to transform the local business landscape, went to Kiyomisandz Beauty Products.

The company develops skincare and body products for men and women. It also provides contract services to assist in research and product development, stability testing, quality control, manufacturing and packaging.

Overseeing Wednesday night''s ceremony at the Safari Convention Centre in Windhoek, the minister in charge of the National Planning Commission (NPC), Tom Alweendo, cited the important role of entrepreneurs in a country''s economy.

“Although the country''s strategy of nurturing enterprise has produced tangible results, more must be done to establish enterprise,” Alweendo said.

“Although labour and capital are available, the entrepreneur acts as an important catalyst to give the necessary spark to economic activities through entrepreneurial decisions, and can play a pivotal role in economic transformation,” the minister said.

The first runner-up in the large enterprise category was Beefcor Meat Supplier, an abattoir started for farmers near Okahandja.

In the emerging enterprise category, Omaka Investment was recognised for its construction of a building material warehouse in Outapi, as well as using its funding from the DBN to acquire inventory and office equipment, as well as for operating capital. The initiative created 50 jobs.

Green Life Trading, a company manufacturing fence posts from recycled plastic, was the first runner-up in the innovation category.

The fence posts, the DBN said, conserve trees and are useful in the construction of traditional rural homes.

STAFF REPORTER

Similar News

 

The life of a payroll administrator

4 days ago - 13 September 2019 | Business

Yvonne Hamutenya I am employed as a payroll administrator within Air Namibia’s human resources department. I joined the company in March 2016. My core responsibility...

Great risk, great reward

4 days ago - 13 September 2019 | Business

Evany van Wyk In only three years, Braam Vermeulen and his two other founding partners...

Perseverance and a good attitude is key

4 days ago - 13 September 2019 | Business

Evany van Wyk Growing up in the small town of Rehoboth, Chantell Engelbrecht longs for the times she used to play street soccer with her...

Fear is not a factor

4 days ago - 13 September 2019 | Business

Michelline Nawatises Primus Shaapopi was born at Eenhana in the Ohangwena Region. For 17 years, he was raised as a Catholic by his grandmother at...

Self-motivation and teamwork

4 days ago - 13 September 2019 | Business

Mariselle StofbergEvery new challenge can translate into a learning experience, which helps Natalia Simon gain deeper knowledge of my profession.Simon has never allowed the challenges...

Adding value to the equation

4 days ago - 13 September 2019 | Business

Evany van Wyk Born and raised in Oranjemund in the //Karas Region, Marisol Basson attended high school in South Africa. She decided to study marketing...

Energetic and full of ideas

4 days ago - 13 September 2019 | Business

Michelline Nawatises Marike Botha is the legal consultant for Sanlam’s affluent market. Botha is responsible for all legal matters, including legal advice, buy-and-sell agreements,...

Lewcor buys Elizabeth Bay mine

4 days ago - 13 September 2019 | Business

A local family business, Lewcor Group, has acquired a 100% shareholding of Namdeb's Elizabeth Bay. Namdeb announced yesterday the transaction has a value of N$120...

Serious about beer

4 days ago - 13 September 2019 | Business

Mariselle Stofberg With the first sip one is taken on a journey. Each product has a distinct profile that allows you to explore the intricacies,...

Veldsman wins massive grant

4 days ago - 13 September 2019 | Business

Mariselle Stofberg Fresenius Kabi recently announced that Namibian-born Lizl Veldsman (35) is the winner of the JUMPstart research grant.The grant was awarded at the 41st...

Latest News

Legal bullet aimed at cops

16 hours ago | Justice

A Namibian police officer and his bosses are defending a N$3 million lawsuit brought by a grieving mother whose four-year-old son was killed by a...

Botswana boots Namibian refugees

16 hours ago | International

The deportation of 855 Namibian refugees living in Botswana will start today after Botswana nullified their refugee status. The now illegal immigrants have refused...

The next big thing

16 hours ago | People

Elizabeth Joseph #TeamGraduate is a project that was started by Helena Mboti, a Rhodes University alumnus who graduated with a bachelor’s degree in financial...

The next big thing

16 hours ago | People

Elizabeth Joseph #TeamGraduate is a project that was started by Helena Mboti, a Rhodes University alumnus who graduated with a bachelor’s degree in financial accounting...

Our cadre deployment curse

16 hours ago | Opinion

Public enterprises minister Leon Jooste’s frank admission that appointing the right board members to parastatals is pivotal to ensuring their success must have been music...

Respect is a two-way street

16 hours ago | Columns

Octavia Tsibes Imagine being kind, humble and respectful. You have nothing to lose, and as a matter of fact, it costs you nothing to be...

To the brave souls walking...

16 hours ago | Health

The dictionary defines brave as ready to face and endure danger or pain; showing courage. More often than not it is the ‘visible’ bravery that...

HKIA upgrades start, finally

16 hours ago | Transport

The handling capacity of Hosea Kutako International Airport will be doubled by a N$250 million project starting next week to eliminate congestion at Namibia's flagship...

Health services around the clock

16 hours ago | Health

The Katutura health centre, which offers a lifeline to thousands of people each year, will now be operating 24 hours a day, seven days a...

Load More