Caltex, once a common sight in Namibia, is making a comeback after Chevron Brands International, a subsidiary of Chevron Corporation, entered into a long-term retail trademark licensing agreement with a Namibian company, Bachmus Oil and Fuel Supplies. The agreement paves the way for the return of the Caltex brand to fuel retailing in Namibia. Chevron...
The International Air Transport Association (IATA) called on Africa’s governments to take advantage of a strengthening aviation sector to maximise its benefits for economic and social development across the continent. Recently, IATA announced that Africa’s airlines are expected to earn a collective net profit in 2024 for the second year in a row. That is...
The 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative has officially concluded, marking another successful year of empowering Namibia’s brightest entrepreneurial minds. This year’s programme concluded in the Oshikoto region, where innovative businesses and exceptional talent were uncovered, awarding three standout entrepreneurs who are set tomake a lasting impact in their communities....
TotalEnergies has acquired Tecoil, a Finnish company specialising in the production of Re-Refined Base Oils (RRBOs), which has the most efficient used oil regeneration process on the market today. Tecoil currently operates a production facility of 50 000 tonnes of RRBOs per year in eastern Finland. Tecoil has developed its own circular economy network for...
Capricorn Private Wealth (CPW) is supporting the 43rd Annual Medical Congress, facilitated by the Medical Association of Namibia (MAN), with a sponsorship of N$200 000. Capricorn announced the partnership last week Friday. The event is scheduled to take place at the University of Namibia Hage Geingob Campus on Friday, 12 July and Saturday, 13 July...
OMARURU – Okahandja-based team Tuk-Tuk won the 4thedition of the Deon Hotto Charity Cup, which took place over the weekend in Omaruru. They played Dynamos, a team from the Ovihitua settlement, in the final. The match after full-time ended in a stalemate, thus going over to penalties, which TukTuk won. They bagged N$20 000 for...
OSLO – The Norwegian government yesterday called off a plan to sell the last privately-owned piece of land on the strategic Arctic Archipelago of Svalbard to prevent its acquisition by China. The remote Sore Fagerfjord property in southwestern Svalbard – 60 square kilometres of mountains, plains and a glacier – was on sale for 300...
RUNDU – The government has enlisted the services of private trucks in all 14 regions of the country to expedite the distribution of drought relief items. Prime Minister Saara Kuugongelwa-Amadhila stated this in the National Assembly recently, in response to Popular Democratic Movement member Diederik Vries, who asked what urgent interventions government has implemented since...
The agricultural sector is fundamental to the sustenance of livelihoods in Namibia. However, it faces several challenges associated with climate change. The effects of climate change are evident, as Namibian farmers have endured recurring unfavourable rainfall seasons that present distinct conditions or events such as floods, droughts, pests, and disease outbreaks, amongst others. Drought conditions...
OMUTHIYA/ONDANGWA – The Namibia Water Corporation (NamWater) is spending N$91 million for the Ondangwa-Omutsegwonime pipeline replacement project phase one, which stretches about 17 kilometres from Ondangwa to Oshali. It is expected to take 12 months to complete. According to a press statement issued by NamWater’s head of public relations and corporate communications Lot Ndamanomhata on...