GENEVA – The United States and China yesterday announced an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn. After their first talks since US president Donald Trump launched his trade war, the world’s two biggest economies agreed...
Namibia’s economy recorded an increase in currency circulation in 2024, rising by 6.9% to N$5.6 billion, up from N$5.2 billion the previous year, according to Bank of Namibia governor Johannes ǃGawaxab. He said this during the official unveiling of the newly modified N$50 banknote in Windhoek yesterday. “The growth reflects both economic expansion and public...
David Adetona A hands-on laptop cybersecurity workshop, recently held in the capital, addressed the growing threat of cybercrime and emphasised the importance of robust cybersecurity measures. The topics covered at the workshop centred on the cybersecurity landscape, trends, emerging threats, attacks, and the best ways to assess and carry out detections, vulnerabilities, mitigations, firewalls, mapping,...
Evans Simataa, chairperson of the board of directors of Windhoek Country Club Resort (WCCR), last week handed over dividends amounting to N$25 million to Tjiuee Kaura, director of governance and financial advice in the Ministry of Finance and Public Enterprises. Simataa, with deep appreciation to his fellow board members and all staff at WCCR, expressed...
The Walvis Bay Corridor Group (WBCG) has appealed to truck drivers to recommit to safe and responsible driving practices, following numerous complaints lodged by other road users. This matter was additionally recently raised by works and transport minister Veikko Nekundi during engagements with the WBCG’s board and management. The minister was particularly concerned about certain...
The possible upgrading of a Namdeb wind project holds the potential to power diamond mining operations, while additional electricity could be transmitted into the national grid. This is as Namdeb, equally owned by government and the De Beers Group, continues to align its operations with national goals for industrialisation, clean energy transition and sustainable development....
BEIJING – China on Friday said it would crack down on the smuggling of strategic minerals as it enforces an export ban on precious metals vital to the manufacturing of semiconductors and weapons. Last month, Beijing restricted exports of tungsten and seven categories of rare earths as part of its response to United States president...
The justice and labour relations’ ministry, through its labour inspectorate, has successfully recovered more than N$2 million on behalf of disgruntled employees from their non-compliant employers between 1 April 2024 and 31 March 2025. This amount was part of unpaid wages and other statutory entitlements unlawfully withheld from employees by their employers across various sectors...
In the ongoing United States-China trade war, Chinese customs officials revealed new developments that emphasise the rising tensions between the two global economic giants. Wang Lingjun, China’s vice minister of the general administration of customs, last week confirmed that the Asian giant has taken decisive steps in response to Trump’s trade tariffs by pointing out...
Bank Windhoek’s new cutting-edge handheld Point-of-Sale (POS) device has been designed to improve payment processing for small and medium enterprises (SMEs). The bank said this payment solution will streamline SMEs’ operations, enhance customer experiences and enable seamless transactions on the go, further strengthening a commitment to supporting this important segment of the domestic economy. Bank...