GAC Motor, a subsidiary of GAC Group, has entered southern Africa as it continues its global expansion. Founded in 2008, GAC Motor has rapidly grown into one of China’s leading vehicle manufacturers, boasting a workforce of about113 000, and earning a spot on the 2023 Fortune Global 500 list. In a significant move, GAC Motor...
GWM has introduced a pure beast, as the all-new Tank 500 Hybrid SUV offers a combination of elegance, advanced technology and exceptional off-road capability. This newest addition to the GWM line-up epitomises luxury, innovation and exceptional build quality. The Tank 500 is the latest in the series of new GWM vehicles to be introduced in...
Qatar Airways Group has acquired a 25% stake in southern Africa’s independent regional carrier, Airlink. The announcement is a continuation of Qatar Airways’ ambition to further develop operations across the African continent. This deal comes as both airlines seek to expand African services and passenger numbers. The investment in Airlink, which flies to more than...
The skyline in Windhoek’s central business district (CBD) is set for a major makeover, as construction has officially commenced on the Capricorn Group’s new 13-storey landmark building. The groundbreaking ceremony on the corner of Independence Avenue and Kasino Street took place on Tuesday morning in what the group called a “historic milestone” for what will...
Louis Potgieter, a senior financial analyst at the Namibia Financial Institutions Supervisory Authority (Namfisa), has been appointed to the International Association of Insurance Supervisors (IAIS) Accounting and Auditing Working Group (AAWG). The working group is tasked withmonitoring developments in international accounting auditing, financial reporting, valuation standards, and public disclosures made by insurers. By joining this...
Health minister Dr Kalumbi Shangula has stated that to address the HIV epidemic, stakeholders engaged and mobilised resources to combat the spread of infection. The engagement also created an opportunity to provide the necessary medical countermeasures to restore the health of those affected, and save lives. “Looking back at the successes recorded, we can all...
After the declaration of mpox as a public health emergency of international concern by the World Health Organisation (WHO), health minister Dr Kalumbi Shangula called for calm, as Namibia has not recorded any case of the disease. He told Vital Signs this week that mpox has been endemic in many African countries, and is not...
Energy security demands a reduction in reliance on imported fossil fuels, as everyone braces for the potential of an impending energy apocalypse. Namibia must prioritise building a nuclear power plant reactor if it wants to surpass its current position, and become a leader in energy self-sufficiency. The most cost-effective way for Namibia to boost energy...
Topics around resource management and the socio-economic impacts do not require only a nuanced understanding to avoid search-engine from crash, nor the right blueprint, but gained momentum of resource sustainability. As much as the need to engineer new development in the fourth industrial revolution is concerned, more consideration is needed to diagnose and antagonise the...
The Namibia Water Corporation is owed a cumulative N$2.1 billion, a situation that has placed it between a rock and a hard place financially. This figure was released by NamWater spokesperson Lot Ndamanomhata yesterday while laying bare the grim reality of the entity’s financial position. In a statement, he said NamWater faces substantial financial challenges...