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 shame of our marble mines

4 days ago - 12 July 2019 | Business

Health and safety hazards, below-minimum wages, harsh working conditions and working without employment contracts are just some of the issues marble miners continue to endure...

The new era for market research

1 week ago - 03 July 2019 | Business

When we look at market research over time, it can be said that it has always had a special role to play in the marketing...

Chinese business presence no deterrent

1 week ago - 03 July 2019 | Business

Commentators are of the opinion that the presence of Chinese investors will do nothing to deter Western-aligned investors from making any investments in Namibia. This...

Rössing sale approved

2 weeks ago - 28 June 2019 | Business

The Namibia Competition Commission (NaCC) has approved the sale of Rössing Uranium Limited to the China National Uranium Corporation (CNUC), with stringent conditions.NaCC spokesperson...

NaCC approves Rössing sale

2 weeks ago - 27 June 2019 | Business

The Namibia Competition Commission has approved the sale of Rössing Uranium Limited to China National Uranium Corporation, but with stringent conditions, its spokesperson Dina Gowases...

Namibian beef finally enters Chinese market

2 weeks ago - 27 June 2019 | Business

Meatco's first consignment of Namibian beef was finally released into the Chinese market this week after it was exported in March. Namibian ambassador to China...

Singapore rejects Ohorongo deal

3 weeks ago - 25 June 2019 | Business

The planned purchase of a majority stake in Ohorongo Cement by Sino-Singaporean firm International Cement Group was rejected this week by the Singapore Stock Exchange....

Spotlight on blue economy

3 weeks ago - 25 June 2019 | Business

Key stakeholders met last week to begin work on shaping and finalising a blue economy policy, in an effort to ensure a framework to sustainably...

Get your pockets ready!

3 weeks ago - 25 June 2019 | Business

Justicia Shipena Standing for quality, value and service, Nictus Furnishers Namibia will host a scratch and dent auction alongside a local market on 29...

Major commercial deal for diamond vessel

3 weeks ago - 21 June 2019 | Business

In the largest commercial transactional deal this year to boost marine diamond recovery operations in Namibia, five commercial banks partnered in a N$5.6-billion financing deal...

Latest News

APP on warpath over late...

19 hours ago | Politics

The All People's Party (APP) is threatening to stop the Oshakati East by-election after its candidate Tangy Mike Shilongo failed to register in time.The deadline...

Houses turned into ablution blocks

19 hours ago | Education

Three incomplete teacher's houses constructed at Kasivi Combined School in the Kavango West Region have been turned into ablution facilities for learners.When Namibian Sun visited...

Making waves

19 hours ago | People

Justicia Shipena Alexander Skinner started swimming at a very young age and has had an exciting pool career to date. Skinner, who trains at the...

When accountability gathers dust

19 hours ago | Opinion

In August 2014, just months before the election that swept President Hage Geingob to power, commentators bemoaned the fact that outgoing head of state Hifikepunye...

‘Whomst’ are you?

19 hours ago | Columns

Justicia Shipena How do you respond to someone who asks: “What are you?” Clearly, there’s no right answer to such a weighty inquisition; yet,...

Genocide negotiations 'too slow'

19 hours ago | International

In Germany there is no doubt about the suffering that imperial Germany caused Namibians, says Daniel Günther, the president of the Bundesrat of the Federal...

Dam levels dismal

19 hours ago | Disasters

It appears that the only town in Namibia which is safe from water restrictions is Keetmanshoop. The latest dam bulletin, released by NamWater...

NDF troops accused of assault

19 hours ago | Crime

The Chinese owner of Alfa Construction Company at Ongwediva lost N$700 000 after his business partner allegedly transferred the money from the business bank account....

Poverty ministry clarifies its position

19 hours ago | Agriculture

Lot Ndamanomhata, spokesperson for the poverty eradication ministry, sent a statement to Namibian Sun to clarify the position of the ministry in terms of procurement...

Load More