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Finland snowstorm leaves tens of thousands without power
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Finland snowstorm leaves tens of thousands without power

HELSINKI – Up to 80 000 households in Finland lost power on Thursday and traffic was disrupted as the country’s first big snowstorm of the season brought strong winds, the Finnish Meteorological Institute told AFP.Storm Jari arrived in Finland on Wednesday, with winds on Thursday measuring up to 25 metres per second, as well as...

ICC issues arrest warrants for Netanyahu, Gallant, Deif
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ICC issues arrest warrants for Netanyahu, Gallant, Deif

THE HAGUE – The International Criminal Court on Thursday issued arrest warrants for Israeli Prime Minister Benjamin Netanyahu and former defence Minister Yoav Gallant, as well as Hamas’s military chief Mohammed Deif. “The Chamber issued warrants of arrest for two individuals, Mr Benjamin Netanyahu and Mr Yoav Gallant, for crimes against humanity and war crimes...

Namibia ota vulu okukala shikwetepo miikwankondo – Alweendo
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Namibia ota vulu okukala shikwetepo miikwankondo – Alweendo

Minista gwiikwankondo Tom Alweendo okwa ti Namibia oku na ompito okuninga endiki enene lyiinkwankondo muAfrica, uuna ngele ooproyeka odha kwatwa nawa nonuukeka.  Alweendo ndhika okwa li e dhi thamuna pethimbo ta patulula eyo miilonga lyoproyeka yoNampower yedhina Otjikoto Biomass Power Station, ndjoka yi li omukakena gookilo 12 okuza mondoolopa yaTsumeb mEtitano. Okwa tegelelwa osasiona ndjika...

South Africa inflation rate declines
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South Africa inflation rate declines

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...

Opinion – AI offers hope for quantitative investing
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Opinion – AI offers hope for quantitative investing

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...

HyIron seals deal with German auto company
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HyIron seals deal with German auto company

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...

Drought relief beneficiaries double
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Drought relief beneficiaries double

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...

Fishrot divorce ruling deferred 
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Fishrot divorce ruling deferred 

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....

Defence pours cold water over Amupanda’s claims
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Defence pours cold water over Amupanda’s claims

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...