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


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.


Similar News


Namport fires 86 employees

15 hours ago | Business

Leandrea Louw Namport has dismissed 86 container terminal workers who were involved in an illegal strike in August last year.Namport acting CEO Kavin Harry explained...

Debmarine to spend N$7bn on new vessel

3 days ago - 17 May 2019 | Business

Debmarine has announced that it will invest N$7 billion in a new vessel, which would contribute N$2 billion a year to the economy.The diamond miner...

Governmentpolicy causes economic decline

3 days ago - 17 May 2019 | Business

Local businesses burdened with a crushingly tough economic climate feel the government's policies have contributed to the current climate, particularly legislation aimed at empowerment and...

Phosphate mining headache continues

4 days ago - 16 May 2019 | Business

ELLANIE SMIT The Chamber of Mines of Namibia is concerned that a way forward on marine phosphate...

Save jobs, buy local

4 days ago - 16 May 2019 | Business

Team Namibia has urged Namibians “now more than ever” to buy local in order to have a positive impact on the economy, reduce poverty and...

Mining: Sunrise, sunset?

5 days ago - 15 May 2019 | Business

Jo-Maré Duddy - Namibia’s mining sector needs policies which will transform the sector from a perceived “sunset” industry to a “sunrise” industry.This will allow investment...

Elevating internal audit’s role: The digitally fit function

5 days ago - 15 May 2019 | Business

Organisations are rapidly rolling out digital initiatives in an arena defined by more data, more automation, sophisticated cyber attacks, and constantly evolving customer expectations. In...

Buy local to support the economy

5 days ago - 15 May 2019 | Business

Bärbel Kirchner - The current financial and economic situation has forced many households and businesses to tighten their budgets in order to avoid going into...

NEEEB dents business confidence

5 days ago - 15 May 2019 | Business

The Namibian private sector has lost substantial confidence in the government and has a generally negative feeling about its future in the country. ...

Rössing deal almost complete

1 week ago - 10 May 2019 | Business

Rio Tinto's sale of its 69% shareholding in Rössing Uranium Mine to the China National Corporation is pending regulatory approval and is expected to be...

Latest News

Rehoboth claim Kudus scalps

15 hours ago | Sports

Leandrea Louw Rehoboth Rugby Club claimed victory over Kudus in both the premier and reserve leagues on Saturday in Narraville.The premier league game ended 11-10...

Namibians nabbed in SA with...

15 hours ago | Crime

ELLANIE SMIT Two Namibian men were arrested in South Africa this weekend for allegedly being in possession of uncut diamonds to the value of...

Missing hiker alive and well...

15 hours ago | Environment

ELLANIE SMIT A 31-year-old Namibian, who went missing last week while hiking in a park in California, has been found alive and well. There was...

Let the games begin

15 hours ago | Columns

The Electoral Commission of Namibia last week announced 27 November as the date for the upcoming general election, which will be preceded by the supplementary...

Stray lions kill three cattle

15 hours ago | Environment

ILENI NANDJATOTwo stray lions killed three cattle last week in the grazing area near the Ongandjera salt pan at Okakewa.Okakewa is situated near Amarika in...

Where to from here?

15 hours ago | Sports

For all local football's claims to be the biggest sport in Namibia, it has never won a match at the Africa Cup of Nations (Afcon)...

What dreams are made of

15 hours ago | Sports

My friend informed me that her daughter send me a congratulatory message a week ago after she heard that I was nominated for the fourth...

Fish River festival set to...

15 hours ago | Sports

Footballers from every corner of the country will converge on Mariental for the third edition of the Fish River Sports Festival that will take place...

Vikings slay Dolphins

15 hours ago | Sports

Adolf Kaure SFC Vikings defeated Dolphins Rugby Club 29-16 in a Namibia Rugby Union (NRU) first division west match that took place on Saturday at...

Load More