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Namibia Airports Company (NAC) has welcomed renowned economist Namene Kalili as the commercial services and strategy executive, effective 1 April 2025. Packed with extensive knowledge spanning over 20 years, Kalili will be based at NAC’s head office in Windhoek. In his new role he will be responsible for improving revenue growth for the NAC through...
SYDNEY – New Zealand’s prime minister proposed Thursday a new alliance to battle global export restrictions, enlisting members of a 12-nation trans-Pacific free trading agreement and the European Union. The US tariffs had “shocked” financial markets, though Donald Trump’s pause on the highest levies — excepting those on China — was “welcome”, prime minister Christopher...
As part of its ongoing commitment to enhancing the domestic economy, the Namibia Grape Company (NGC) handed over its first-ever dividend payout of N$10 million to its shareholder, the National Youth Service (NYS). The handover ceremony took place yesterday at Hilton Hotel in Windhoek. Yesterday’s N$10 million dividend brings to a total of N$18 million...
BEIJING – China will impose 84% tariffs on US imports, up from 34%, the finance ministry said yesterday, hours after similar levies by the United States came into force. US president Donald Trump’s latest salvo of tariffs came into effect on dozens of trading partners yesterday, including punishing 104% duties on imports of Chinese products....
Starting a business is more than just a way to earn an income—it is a journey of resilience, problem-solving and community impact. In Namibia, where entrepreneurship plays a crucial role in job-creation, small businesses hold the power to transform our local economies. From the informal street vendors of Oshakati to the thriving Small and Medium...
LONDON – Stock markets tumbled along with oil and the dollar yesterday as United States (US) president Donald Trump’s sweeping tariffs against trading partners kicked in, triggering strong retaliation from China. Beijing slapped a higher 84% levy on US goods, sharply accelerating losses on European stock markets in early afternoon trading. Growing fears of weakened...
Uranium company Deep Yellow has decided to focus on early works infrastructure and initial engineering for its Tumas Project in the Erongo region. Continuing with these carefully- considered programmes is expected to ensure a seamless and quick transition to the execution phase once suitable market conditions exist. This means Deep Yellow has delayed its Final...
BRUSSELS – The EU plans tariffs of up to 25% on US goods in retaliation for levies on metals, but will spare bourbon to shield European wine and spirits from reprisals, according to a document seen by AFP yesterday. The proposed tariffs — drawn up since President Donald Trump’s duties on steel and aluminium took...
ABU DHABI – A rare blue diamond valued at US$20 million went on pre-auction display yesterday in Abu Dhabi, capital of the oil-rich United Arab Emirates (UAE). The 10-carat Mediterranean Blue, which will go on sale in Geneva next month, is the showpiece of a collection estimated at US$100 million, organisers said. “Included in the...
The Ohlthaver & List (O&L) Group has appointed Christina Swart-Opperman as a non-executive director on the OLFITRA board, effective 1 April 2025. She has been an integral part of the O&L Family since 2016, serving as chairperson of the OLFITRA Remuneration and Nomination Committee (REMCO). Her leadership has played a pivotal role in shaping the...