Canadian miner B2Gold Namibia will scale down employment by approximately 400 jobs at its Otjikoto Gold Mine by the end of 2025 due to a transition from open pit to underground mining. It will, however, continue to look for new projects in the country and has set its sights on the nearby Antelope deposit. Located...
Isabel Bento WALVIS BAY – A high-level Green Investment Dialogue will take place in Walvis Bay from 10 to 13 July. It will bring together parliamentarians and energy leaders from six African countries.The three-day event will place a spotlight on the role of green hydrogen in Africa’s future energy and industrial landscape and aims to...
For Namibia to strengthen its position as a trade hub and unlock new economic opportunities, the country must invest in trade logistics infrastructure, regulatory harmonisation, and export-readiness support for small and medium enterprises (SMEs). These interventions are critical to enabling broader market access for the country’s manufactured and agricultural products under the African Continental Free...
HONG KONG – Stocks rose yesterday as traders cautiously welcomed Donald Trump’s extension of his tariff deadline and indication he could push it back further, though uncertainty over United States (US) trade policy capped gains. Days before the three-month pause on his “Liberation Day” tariffs was set to expire, the US president said he would...
The Trade Union Congress of Namibia (TUCNA) has strongly come out in opposition to the Government Institutions Pension Fund (GIPF)’s new housing loan initiative, describing it a “ruthless, insensitive and self-centred”. At a media briefing in the capital yesterday, the umbrella union said the scheme betrays the spirit of social justice. Speaking at the briefing,...
Non-compliance with Namibia’s merger laws can lead to penalties, delays in merger implementation, prohibition, or even dismantling of an unlawfully implemented merger altogether. In this regard, upholding the integrity of domestic merger provisions is crucial for maintaining a competitive market environment in Namibia, fostering economic growth, and protecting consumer welfare. This was stated yesterday by...
With households across Namibia faced by rising food, fuel and rent prices, financial survival strategies have become essential. The latest Consumer Price Index (CPI) figures released in June 2024 reveal that the price of fruits has risen by more than 15.5%. Household staples, such as meat, cooking oil and dairy products, have surged by over...
The Bankers Association of Namibia (BAN) has appointed Dantagos Naomi Jimmy as its new CEO, effective 1 July 2025. She brings to BAN over two decades of experience, spanning investment management, financial markets, corporate governance and strategic advisory. She is the founder of Ndapunikwa Investment Management and has held senior, executive and technical roles at...
Nedbank Namibia recently partnered with the Root 77 June Market Day in Rehoboth, reaffirming its commitment to community development, cultural celebration and financial inclusion across Namibia. Held on the scenic banks of the Oanob River in Rehoboth, the Root 77 Market Day brought together local entrepreneurs, artists, chefs and families in a spirited celebration of...
RIO DE JANEIRO – BRICS leaders meeting in Rio de Janeiro yesterday were expected to decry United States (US) president Donald Trump’s “indiscriminate” trade tariffs. They said they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40% of global economic output, have united over “serious...