Breaking free from cycles of poverty and creating business and employment are daunting tasks. RuralRevive Initiative equips capable young people with skills to create jobs for themselves and become entrepreneurs. One of the co-founders, Reinhold Mangundu, said the initiative trains young people through its horticulture training programmes, equipping them with skills to set up gardens for themselves....
LONDON – European and Asian stock markets diverged yesterday after a sharp sell-off on Wall Street fuelled by fears about the US economy as president Donald Trump presses ahead with steep tariffs. Traders had initially welcomed Trump’s election win in late 2024, optimistic that his promised tax cuts and deregulation would boost the world’s biggest...
COPENHAGEN – Lego’s CEO told AFP that US President Donald Trump’s tariff threats do not keep him up at night, as the world’s largest toymaker yesterday posted record earnings for 2024.Sales rose 13% to 74.3 billion kroner (US$10.8 billion) last year, while net profit grew 5% to 13.8 billion kroner. “We are relevant and we...
TOKYO – Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda. The company said the leadership change was meant to “achieve the company’s short- and mid-term objectives while positioning it for long-term growth” but did not elaborate.Ivan...
The Capricorn Foundation, in collaboration with the United Nations Industrial Development Organisation (UNIDO), the Network for Global Innovation (NGIN) and Co-Creation Hub (CcHUB) Namibia, recently launched the global Just Transition to the Future (JTF) Water-Energy Nexus Open Innovation Challenge. The aim of the challenge is to address critical challenges surrounding water and energy in Namibia’s...
Domestic inflation is expected to gradually rise and reach 4.5% year-on-year (y/y) by the end of 2025. The upside risks primarily pushing inflation higher include higher oil prices, potential geopolitical tensions as well as higher food, rental and utility prices in the short-term. This outlook is according to the latest First National Bank Consumer Price...
As an independent economic and business researcher who provides economic and business expertise pro gratis to the Namibian people and the global community, I frequently get questioned about the imminence of economic change in relation to green hydrogen.Furthermore, in my opinion, as a responsible professional, Green Hydrogen is a national project that needs the involvement...
The Namibian public sector is often praised for offering job stability, security and a structured work environment. However, beneath the surface, a more troubling reality exists – one that stifles innovation, limits professional growth and conditions employees to settle into routines that demand compliance rather than critical thinking. Many enter government service with fresh ideas...
Prosecutor General Martha Imalwa (PG)’s quest hit a snag yesterday to have the assets of the foreign directors in the Fishrot case and the companies they represent attached and restrained. Windhoek High Court Judge Orben Sibeya dismissed an application by Imalwa in her fight to attach the assets of all the Fishrot accused. She has...
Namibia has been advised to adopt Ethiopian agricultural strategies following a benchmarking visit by the delegation from the National Assembly’s Parliamenty Standing Committee on Natural Resources to that country. The committee now wants the country to adopt and implement successful agricultural strategies to bolster Namibia’s food security and support its farming communities. The recently-concluded study...