Mitsubishi Motors (MMSA) Namibia has confirmed it will soon welcome the much-talked-about Next-Gen Triton, which has been described as an evolution in the iconic bakkie’s 46-year legacy. Building on a history of toughness, reliability and adventure, the new Triton is designed to challenge expectations in the Namibian market by offering a tough bakkie that is...
JOHANNESBURG – Inflation in South Africa fell to its lowest level in four years in October, official data showed yesterday. “Annual consumer price inflation was 2.8% in October 2024, the lowest since June 2020 (during the Covid-19 pandemic) when the rate was 2.2%,” Statistics South Africa (Stats SA) said in a statement. The South African...
The future of quantitative investing is going to be shaped by Artificial Intelligence (AI). Quantitative investment strategies can identify better opportunities, and leverage them into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About half of quantitative investors have implemented AI...
PyroNam, a Namibian biochar production company, is set to invest approximately N$7 million in establishing its first biochar plant in Otjinene. Located in the Omaheke region, Otjinene has the potential to produce biomass. Henrike Geldmacher, managing director of PyroNam, announced that the company has diversified its focus to engage with communal areas authorised under local...
Isabel Bento ARANDIS – HyIron-Oshivela Green Iron project signed its first-ever off-take agreement with German-based automotive technology company Benteler.HyIronic-Oshivela is the first industrial production project of iron at net zero emissions in Namibia. Co-founder of HyIron-Oshivela, Johannes Michels, made the announcement during a site visit to the plant in Arandis on Tuesday.“This is the first...
Former head of the Democratic Republic of Congo’s army Francois Tete Olenga is fighting tooth and nail to have more than N$10 million forfeited to the Namibian government returned. The Bank of Namibia (BoN), on instructions from the Financial Intelligence Centre (FIC), declared the money forfeited to the State because of the “uncertain origin.” Olenga,...
Lahja Nashuuta The government has so far injected N$1.5 billion in the drought relief programme during the 2023/2024 financial year, I-Ben Nashandi has confirmed. Nashandi, the executive director (ED) in the Office of the Prime Minister (OPM), said Namibia is at a tipping point as food insecurity is worsening by the day, with many vulnerable...
National Youth Council executive chairperson Sharonice Busch is accused of holding onto the job, in contravention of the Electoral Act. The Electoral Act requires civil servants to take leave once they appear on lists of political parties contesting the National Assembly elections. Sources at the council claim that she has allegedly installed her proxy into...
Iuze Mukube Acting Judge Moses Chinhengo has deferred his decision on an application for the separation of trial in the ongoing Fishrot case to next Tuesday. The application was lodged based on lack of legal representation by former justice minister Sacky Shanghala, who asked that the trial be divided to address disparities among the co-accused....
Lahja Nashuuta The defence ministry has denied allegations by Affirmative Repositioning leader Job Amupanda that it spent close to N$8 million to buy a single car part. In a widely-circulated video clip, he claimed the part was procured outside formal procurement. He asserted that the part could have easily cost under N$30 000. “This money...