GENEVA – Switzerland’s central bank boss said bitcoin is too volatile and not liquid enough for use as a reserve currency, amid calls for a referendum on the issue in the wealthy nation. Cryptocurrencies do not meet the standards “that a good currency should have,” Martin Schlegel said in an interview published Saturday in newspapers...
WASHINGTON – United States president Donald Trump ordered a probe Saturday into potential tariffs on lumber imports – in his latest move threatening to stoke trade tensions – while also pushing for a domestic supply boost. Trump signed an executive order instructing Commerce Secretary Howard Lutnick to start an investigation “to determine the effects on...
KATIMA MULILO – Cabinet has approved a series of short- and long-term measures aimed at alleviating the heavy cargo truck congestion at the Wenela border post near Katima Mulilo in the Zambezi Region. The border post started operating 24 hours in August 2023 and the increased traffic has led to clearance delays, forcing truck drivers...
SWAKOPMUND – NAMITVEST and Swakop Uranium signed a payroll deduction agreement on Thursday to enable employees, particularly members of the Mineworkers Union of Namibia (MUN), to directly invest in long-term wealth-building opportunities. The initiative is aimed at enhancing financial empowerment and economic inclusion. NAMITVEST, a broad-based empowerment company, is 25% owned by MUN subscribing members...
WALVIS BAY – One of the late Founding President Sam Nujoma’s most significant contributions was his role in the reintegration of Walvis Bay into Namibia after independence. Namport’s CEO Andrew Kanime said Nujoma understood the strategic importance of Namibia’s ports and their role in fostering economic growth. The CEO first encountered the founding president in...
The Etunda Irrigation Scheme is gearing up for a significant millet production cycle, promising to bolster local food security and contribute to the Omusati Region’s economic vitality. With 450 hectares of land designated for cultivation, the scheme is targeting a substantial harvest of approximately 4 000 tonnes of grai. ‘ This is a substantial increase...
It was a devastating moment filled with panic to many African countries when the United States of America President Donald Trump announced the cutting of USAID funds to Africa. The American taxpayer’s money has been channelled to a vulnerable continent for decades to assist in various areas. The news was a sudden shock to many...
Iuze Mukube The Supreme Court has determined that the extension of the 2024 November elections was lawful and in the best interest of the public. Chief Justice Shivute rendered this decision on Friday, saying that Proclamation 34 of 2024, which established the extension period, guaranteed that all eligible voters had the opportunity to exercise their...
Inspector General of the Namibian Police, Lieutenant General Joseph Shikongo has thanked Namibians for the manner in which they conducted themselves during the mourning of Founding President Sam Nujoma. Shikongo particularly thanked Namibians for ensuring a smooth and dignified send-off for Nujoma, who died on 08 February 2025. According to Shikongo, police officers were deployed...
The former first lady of Zimbabwe, Grace Mugabe, on Thursday shared insights into the close relationship between her late husband, Zimbabwe’s former president Robert Mugabe, and Namibia’s late Founding President Sam Nujoma. Mugabe visited Nujoma’s wife Kovambo on Thursday at the family residence in Windhoek to express her condolences. Nujoma died on 8 February 2025....