“Rooted in Growth for Sustainability” underscores Old Mutual’s commitment to fostering meaningful, sustainable entrepreneurship rooted in community while empowering individuals to take ownership of their growth and social impact. This theme underscores the Old Mutual Foundation’s fourth and final leg of its flagship entrepreneurship initiative, the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED). OM SEED 4.0 marks the...
Opinion – From promise to performance: What has Regulation 13(5) delivered in 10 years?
Background In 2015, the Namibian government introduced a transformative regulatory measure aimed at stimulating domestic economic development through long-term institutional capital. This was formally enacted through Regulation 13(5) of the Pension Funds Regulations. The regulation mandates that all registered pension funds allocate a minimum of 1.75% and up to a maximum of 3.5% of the market value of their total...
African leaders to US: ‘We’re not seeking aid’ … demands equal partnership
LUANDA – Africa’s top leaders delivered a united and uncompromising message to the United States (US) on Monday. They said the era of donor dependency is over and the future must be built on mutual respect, investment and co-created prosperity. Opening the summit on Monday, African Union Commission chairperson Mahmoud Ali Youssouf set the tone with a bold declaration of...
Fishing sector on tenterhooks
WALVIS BAY – Pilchards worth over N$23 million were landed by six midwater trawlers in single trips they took between April and June this year. This is despite a moratorium on pilchard fishing in place since 2018. The catches constitute over 1.4 million kilogrammes of sardines landed, reigniting tensions between the freezer trawler fleet and wet-landed pelagic operators. Pilchards fetch...
Namibia seeks AGOA extension
LUANDA – Namibia has expressed concern over the uncertainty surrounding the renewal of the African Growth and Opportunity Act (AGOA), which allows certain African goods duty-free access to the United States market. Minister of International Relations and Cooperation Selma Ashipala-Musavyi called for the extension of the AGOA at the US-Africa Summit, where the country recorded major diplomatic and economic victories....
Namibia promotes diamonds, energy at summit
Namibia has emphasised the importance of natural diamonds and energy development as key drivers of economic growth at the 2025 U.S.-Africa Business Summit held in Luanda, Angola. Speaking during a side interview after attending the summit, Ben Nangombe, Executive Director in the Ministry of Mines, Trade, and Industrialisation, said the Namibian delegation used the platform to promote natural diamonds, attract...
Salary differences irk Merlus staff
WALVIS BAY – Workers employed under the Merlus Fishing Group are demanding urgent salary adjustments and fair working conditions, saying discrepancies in wages and benefits have created division and frustration among employees. Close to 200 workers from Abroma Fishing, Seagull Fishing and Cormorant Fishing—subsidiaries of Merlus—staged a peaceful lunchtime demonstration on Monday, during which they handed over a petition addressed...
Trio denies murder, robbery, car theft charges
Iuze Mukube Three men, who allegedly brutally attacked and killed a man before fleeing off with his vehicle in 2024, pleaded not guilty to all charges in the Windhoek Magistrate’s Court on Monday. Erastus Mwalipeni Gabriel (39), Iyambo Nicodemus Hango (20) and Abast Nyanyukweni Alex Muya (25) all face charges of murder, robbery and theft of a motor vehicle. Hango...
Olufuko brings joy to informal traders
OUTAPI – Exhibitors at the Olufuko Annual Festival have expressed joy over the high turnout of people at the centre, which has boosted support for their businesses. The traders said they are grateful for the opportunity to participate and showcase their products. The Olufuko Annual Festival, which started last week, is scheduled to end on 1 July at Outapi in...
Livestock board blasted for misstated financial statements
Auditor General Junias Kandjeke has taken the Livestock and Livestock Products Board of Namibia to task for misrepresenting its financial statements, providing incomplete information and using outdated rates to extract levies from transactions. As a result of the violation of set and accepted international accounting standards and principles, Kandjeke slapped the board with a qualified audit opinion for the financial...