Namibia’s long – term economic success crucially depends on a well-managed and innovative transportation system. In this regard the newly appointed Transportation Commission is expected to play a critical role in achieving this goal through effective regulation, strategic oversight, and fostering industry innovation. The new appointments mark a new chapter for domestic transport governance, with...
The slow pace of global airplane production is estimated to cost the aviation industry more than US$11 billion (about N$189 billion) in 2025. Challenges within the aerospace industry’s supply chain are delaying production of new aircraft and parts, resulting in airlines around the world reevaluating their fleet plans and, in many cases, keeping older aircraft...
Namibian youth will soon benefit from academic and industrial training initiatives targeting the imminent development of a local upstream oil and gas sector. This is after Namibia’s Petroleum Training and Education Fund (PetroFund) jointly announced the signing of a Memorandum of Understanding (MoU) with McDermott International to invest in the next generation of Namibian youth. ...
Namitvest has officially signed a Payroll Deduction Agreement with local food retailer Spar Oranjemund. The new agreement enables Spar employees to invest directly in Just Transition Investments (JTI) Public Company through automated salary deductions. The initiative is part of Namitvest’s ongoing commitment to empower members of the Mineworkers Union of Namibia (MUN) to build generational...
This follows the Namib Desert Diamonds (Namdia) board of directors announcement on Friday regarding the termination of Alisa Amupolo as CEO of Namdia, with immediate effect. The general manager for sales and marketing, Lelly Usiku, will continue in her role as interim chief executive officer at the national diamond marketing agency until a permanent appointment...
The JAC T8 NightHawk has officially landed in Namibia, marking a bold step forward for the Chinese automaker’s ambitions in Southern Africa. This prototype, powered by a 2.5-litre turbo diesel engine, is the world’s only right-hand-drive short-wheelbase double-cab bakkie. It is turning heads with its rugged design and commanding presence. After spending more than eight...
The Central Procurement Board of Namibia (CPBN) has awarded a N$191 million contract to commence with a critical upgrade to Namibia’s southern water infrastructure. Fully funded by the Namibia Water Corporation (Namwater), the project will ensure reliable water supply to the communities of Naute, Keetmanshoop and surrounding areas. By awarding the contract, the CPBN was...
Trustco Group Holdings yesterday stated it will formally appeal both the public censure and a N$5 million fine imposed on it by the Johannesburg Stick Exchange (JSE). The JSE imposed the penalties on Trustco after accusing the Namibian company of selling off shareholding in its mining subsidiary, Meya Mining, without shareholder approval. A censure by...
Former President Nangolo Mbumba is scheduled as one a number of influential dignitaries and thought leaders to feature at an upcoming business summit in the capital. The summit, hosted by the Leaders Without Borders Development Centre (LWBDC), will this year focus on boosting intra-Africa trade and increasing economic growth on the continent. LWBDC is a...
A recent report indicates that air transport passengers are ready to go digital when it comes to travelling. The report by SITA, the air transport industry’s tech engine, shows that digital-first generations, now the main driver of growth, are setting the baseline for what air travel must deliver next. In its SITA Passenger IT Insights...