The jaw-dropping LDV Terron 9 and its SUV sibling, the LDV D90, stole the spotlight at the Motoring Expo 2025. The event was held this past weekend at the Tony Rust Racetrack on the outskirts of Windhoek. It brought together car enthusiasts, industry experts and families alike, showcasing a variety of vehicles from across the...
In a defining moment for Namibia’s burgeoning energy sector, London-based GRIT Investment Trust Plc (GRIT) has announced a proposed strategic reverse takeover to acquire Nabirm Global LLC. This landmark partnership arrives as Namibia solidifies its position as the world’s next great energy frontier, coinciding with President Netumbo Nandi-Ndaitwah’s decisive actions to ensure the highest standards...
Namibia has made notable progress in clearing its financial regulatory landscape and is now fast approaching the termination of its grey listing by the Financial Action Task Force (FATF). Exiting the FATF grey list would mark a major economic and reputational victory for Namibia, restoring full international confidence in its financial system and easing scrutiny...
The National Petroleum Corporation of Namibia (Namcor) together with its joint venture partners, TotalEnergies EP Namibia, QatarEnergy International, and Impact Oil & Gas have engaged in the second phase of the Environmental and Social Impact Assessment (ESIA) stakeholder engagement for the development of the offshore oil discovery. The consultations form part of the ESIA process. ...
Simonis Storm (SS), a local financial firm, has commented after Tuesday’s Mid-Term Budget Review that the domestic fiscal outlook is credible but conservative. The firm expects mildly expansionary fiscal stance through 2026, balancing electoral and economic imperatives, followed by a firmer consolidation path thereafter. The SS comments come after finance minister Ericah Shafuda reallocated some...
The Motorsport Expo 2025 is all set for tomorrow and Saturday at the Tony Rust Racetrack to provide the public with a fun and adrenaline-filled weekend. The expo comprises five events happening on the outskirts of Windhoek. The Friday events, starting from 17h00, are spinning and drags. On Saturday, the expo kicks of early at...
Sabina Onemushi Nantinda has been passionate about sewing for many years. Although she currently works as a security guard, her dream of starting her own sewing business lives on. All she needs to start her own business is a bit of training on the finer tailoring intricacies and a dependable sewing machine. She and countless others are...
The Namibia Airports Company (NAC) has increased its revenue by 6% to N$540 million and a profit after tax of N$9.4 million for the 2024/25 financial year. The improved financial performance has been attributed to NAC’s route development strategy, which landed additional services from South African Airways, Air Angola, FlySafair and Discover Airlines during the...
Edgar Brandt Pricilla Mukokobi The mid-year budget review, tabled in Parliament yesterday by finance and public enterprises minister Ericah Shafudah, indicates that domestic growth persists, albeit at a slower pace than anticipated. Delivering the mid-year fiscal review to account for unforeseen and unavoidable expenditure. The minister cautioned that an increased burden of debt servicing and...
The Caribbean Island of Cuba is once again appealing to the international community to end what it describes as the “silent genocide” of its people — the six-decade-long economic blockade imposed by the United States of America. This week, Cuba will present its case before the United Nations General Assembly, seeking renewed support for the...