Works and transport minister, Veikko Nekundi, has urged public passenger carrier permit holders who have raised taxi fares without following legal procedures to immediately rectify the matter and cease the unlawful practice. In a stern statement on Friday, the minister cautioned the permit holders to cease unauthorised fare increases as these are regulated by the...
Out of total US$1.2 billion of global aviation industry funds blocked by governments, 93% of the capital is trapped in Africa and Middle East (AME) countries. In fact, 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, amounting to US$1.08 billion. The AME region total blocked...
Air travel growth in Africa is projected to hit 6% in 2026, exceeding the global average anticipated at 4.9%, slightly above the 5.2% expected this year. However, despite outshining the rest of the world in terms of air travel growth, the African aviation industry’s profit margins of 1.3% still lack the lustre as African airlines...
The Ineos automotive brand is steadily gaining traction in the domestic market as it intensifies efforts to align operations with local customer needs. Known for its rugged, high-performance vehicles, the brand has been expanding its presence and refining its service approach to ensure that Namibian buyers experience greater convenience, shorter waiting periods and competitive value...
LDV Namibia has cemented its position as one of the region’s growing automotive retailers after walking away with multiple top accolades at the LDV Annual Awards held last week in South Africa. The prestigious ceremony recognised outstanding performance among LDV dealerships across Namibia, Botswana, Zimbabwe and South Africa, making the achievements particularly significant for the...
The global airlines industry is expected to achieve a combined total net profit of US$41 billion (about N$700 billion) next year, up from US$39.5 billion (just over N$674 billion) this year. This is according to the latest figures from the International Air Transport Association (IATA) that noted while the expected Net Profit would set a...
MTC’s latest financial results have enabled it to pay a dividend of N$722 million, the largest amount the company has ever paid to shareholders. Moreover, the company is set to pay out a final ordinary dividend of N$467.1 million (62.28 cents per share) by 6 February 2026. With digital growth at the centre of its...
ReconAfrica and its joint venture partners, the National Petroleum Corporation of Namibia (Namcor) and BW Energy, will, within the coming months, assess the production capacity and then the commercial viability of their oil and gas discovery in the Kavango region. That assessment will determine the next steps for the recent discovery that marks one of...
The Namibia Bus and Taxi Association (Nabta) supports a proposal for the mandatory installation of dashboard cameras in private and public transport vehicles. The proposal, made on Wednesday by works and transport minister, Veikko Nekundi, comes as Namibia continues to battle a sharp rise in fatal road crashes. Nabta secretary general, Pendapala Nakathingo, yesterday said...
The De Beers Group, in conjunction with the Namibian government, is moving aggressively to reclaim the global spotlight for natural diamonds, launching a high-profile charm offensive aimed at the world’s largest jewellery market, namely the United States of America. As part of the offensive to recapture significant global market share lost to synthetic diamonds, the...