Naloba grows strong

Association eager to find solutions
Naloba say the trade fair presents an opportunity to market the association and what it stands for.
TUYEIMO HAIDULA
Close to seven months into its existence, the Namibia Local Business Association (Naloba) is slowly but surely finding its feet.

The association continues to maintain that foreign nationals should not conduct business in economic sectors in which Namibians are able to showcase their skills.

Naloba was established and fully registered on 15 December 2021. Since then, membership has grown to close to 3 000, with a majority of new members having left the Namibia Chamber of Commerce and Industry (NCCI) for Naloba.

In an exclusive interview with the Namibian Sun, Naloba vice president Kanu Amadhila said the business climate is "still very, very stiff for local businessmen and women. The markets are dominated by unregulated foreign-owned businesses. Lack of domestic business protections/reservations of certain sectors purely for Namibians contributed to the above."

We will not relent

Despite these challenges, Amadhila was quick to add that the association will not relent, as it was created exactly for this purpose, namely "to revive the collapse of small and medium businesses."

He said "the situation needs to be remedied. This is why we strongly condemn allowing foreign nationals to do business in economic sectors that Namibians can do."

Amadhila said the association's voice has remained loud and clear and they will continue to make demands for legislative changes to protect Namibians from exploitation and competing with foreigners in markets that don’t need the technical know-how.

He stressed that the Namibia investment promotion and facilitation bill is the most critical and needs to be prioritised.

"Our plight and advocacy continues. For things to change and results to be seen with the naked eye, certain laws need to be amended while others need to be enacted. Principally, our Investment Bill needs to be enacted. Without this law in place, the country's economy and its business climate have no direction while business anarchy escalates. This is the most critical law that needs to be in place in any country for its people to prosper," he said.



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Naloba will be present at the Ongwediva Annual Trade Fair (OATF). Amadhila said the trade fair presents an opportunity for them to market the association and what it stands for. He urged visitors to visit their stall for more details and to join the association. ?

“Fellow businessmen and women, let us join hands under Naloba to radically transform our Namibian economy into a powerful house for the benefit of our people. Our country is blessed with natural resources ,but sadly our people remain poor. Let us join hands to overturn poverty into economic prosperity for all. Going forward, let us all join Naloba,” he said. - [email protected]

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Katima Mulilo: 19° | 35° Rundu: 19° | 35° Eenhana: 21° | 35° Oshakati: 23° | 33° Ruacana: 18° | 36° Tsumeb: 20° | 34° Otjiwarongo: 19° | 34° Omaruru: 20° | 36° Windhoek: 20° | 34° Gobabis: 21° | 36° Henties Bay: 18° | 21° Swakopmund: 17° | 18° Walvis Bay: 17° | 22° Rehoboth: 21° | 36° Mariental: 24° | 37° Keetmanshoop: 20° | 35° Aranos: 24° | 39° Lüderitz: 15° | 24° Ariamsvlei: 21° | 36° Oranjemund: 14° | 22° Luanda: 26° | 27° Gaborone: 26° | 38° Lubumbashi: 16° | 24° Mbabane: 19° | 25° Maseru: 18° | 35° Antananarivo: 18° | 31° Lilongwe: 18° | 26° Maputo: 24° | 31° Windhoek: 20° | 34° Cape Town: 18° | 24° Durban: 22° | 26° Johannesburg: 22° | 32° Dar es Salaam: 26° | 31° Lusaka: 18° | 25° Harare: 17° | 30° Currency: GBP to NAD 22.92 | EUR to NAD 19.09 | CNY to NAD 2.5 | USD to NAD 18.09 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.17 | INR to NAD 0.21 | USD to DZD 132.89 | USD to AOA 910.98 | USD to BWP 13.67 | USD to EGP 49.54 | USD to KES 129.61 | USD to NGN 1678.72 | USD to ZAR 18.09 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 85685.49 Up +0.43% | Namibian Stock Exchange (NSX) Overall Index 1773.44 Down -0.11% | Casablanca Stock Exchange (CSE) MASI 16344.54 Up +1.48% | Egyptian Exchange (EGX) 30 Index 30010.62 Up +0.40% | Botswana Stock Exchange (BSE) DCI 10075.28 Up +0.02% | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 809.55/OZ UP +0.47% | Copper US$ 4.25/lb DOWN -0.0099 | Zinc US$ 2 759.00/T DOWN -1.47% | Brent Crude Oil US$ 76.24/BBP DOWN -0.0069 | Platinum US$ 1 029.99/OZ UP +1.17% Sport results: Weather: Katima Mulilo: 19° | 35° Rundu: 19° | 35° Eenhana: 21° | 35° Oshakati: 23° | 33° Ruacana: 18° | 36° Tsumeb: 20° | 34° Otjiwarongo: 19° | 34° Omaruru: 20° | 36° Windhoek: 20° | 34° Gobabis: 21° | 36° Henties Bay: 18° | 21° Swakopmund: 17° | 18° Walvis Bay: 17° | 22° Rehoboth: 21° | 36° Mariental: 24° | 37° Keetmanshoop: 20° | 35° Aranos: 24° | 39° Lüderitz: 15° | 24° Ariamsvlei: 21° | 36° Oranjemund: 14° | 22° Luanda: 26° | 27° Gaborone: 26° | 38° Lubumbashi: 16° | 24° Mbabane: 19° | 25° Maseru: 18° | 35° Antananarivo: 18° | 31° Lilongwe: 18° | 26° Maputo: 24° | 31° Windhoek: 20° | 34° Cape Town: 18° | 24° Durban: 22° | 26° Johannesburg: 22° | 32° Dar es Salaam: 26° | 31° Lusaka: 18° | 25° Harare: 17° | 30° Economic Indicators: Currency: GBP to NAD 22.92 | EUR to NAD 19.09 | CNY to NAD 2.5 | USD to NAD 18.09 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.28 | EGP to NAD 0.36 | KES to NAD 0.14 | NGN to NAD 0.01 | ZMW to NAD 0.66 | ZWL to NAD 0.04 | BRL to NAD 3 | RUB to NAD 0.17 | INR to NAD 0.21 | USD to DZD 132.89 | USD to AOA 910.98 | USD to BWP 13.67 | USD to EGP 49.54 | USD to KES 129.61 | USD to NGN 1678.72 | USD to ZAR 18.09 | USD to ZMW 26.95 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 85685.49 Up +0.43% | Namibian Stock Exchange (NSX) Overall Index 1773.44 Down -0.11% | Casablanca Stock Exchange (CSE) MASI 16344.54 Up +1.48% | Egyptian Exchange (EGX) 30 Index 30010.62 Up +0.40% | Botswana Stock Exchange (BSE) DCI 10075.28 Up +0.02% | NSX: MTC 7.75 SAME | Anirep 8.99 SAME | Capricorn Investment group 17.34 SAME | FirstRand Namibia Ltd 49 DOWN 0.50% | Letshego Holdings (Namibia) Ltd 4.1 UP 2.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.49 UP 0.03% | Nictus Holdings - Nam 2.22 SAME | Oryx Properties Ltd 12.1 UP 1.70% | Paratus Namibia Holdings 11.99 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.48 SAME | B2Gold Corporation 47.34 DOWN 1.50% | Local Index closed 677.62 UP 0.12% | Overall Index closed 1534.6 DOWN 0.05% | Osino Resources Corp 19.47 DOWN 2.41% | Commodities: Gold US$ 2 809.55/OZ UP +0.47% | Copper US$ 4.25/lb DOWN -0.0099 | Zinc US$ 2 759.00/T DOWN -1.47% | Brent Crude Oil US$ 76.24/BBP DOWN -0.0069 | Platinum US$ 1 029.99/OZ UP +1.17%