Old Mutual Namibia reached a significant milestone on its Rewards Programme, where customers have to date redeemed more than 10.4 million, which is equivalent to N$1 million. The programme continues to grow as a key customer loyalty and engagement programme, with more than 25 000 members now participating in it. Old Mutual Namibia’s existing Rewards...
AMSTERDAM – Heineken yesterday said its beer sales were down in the first quarter but kept profit forecasts for the year unchanged despite noting increased uncertainty from tariffs. Global beer volumes for the world’s second-biggest brewer after AB InBev came in at 54.1 hectolitres in the first three months of the year, compared to 55.4...
Hyphen Hydrogen Energy (Hyphen) has launched the Hyphen Hydrogen Energy Skills Census, which it describes as a groundbreaking initiative supporting Namibia’s first large-scale green hydrogen project. This census allows Namibians to submit their skills information and upload relevant documents to be included in a comprehensive job- seekers database. The Hyphen Green Hydrogen project in southern...
When the recently- tabled national budget is unpacked, it emerges that only 12% of the allocated funding directly goes into building the roads, schools, hospitals, water, electricity and rural infrastructure. These are items that Namibians need most, said Swapo parliamentarian Fenny Nanyeni. She urged that Namibia should ensure its borrowing decisions directly support capital formation,...
MASERU – Lesotho on Monday granted a licence to tech billionaire Elon Musk’s Starlink satellite internet service, hours after denying it was fast-tracking the process as part of United States (US) tariff concessions. The small African kingdom was hit this month with tariffs of 50% on goods exported to the US – the highest for...
Amid growing trade tensions, the International Air Transport Association (IATA) has reinforced its position that trade drives prosperity, and that any measures undermining the free flow of goods ultimately hurt businesses, consumers and economies. “Current trade tensions are deeply concerning. Trade drives prosperity. The more the world trades, the better off we all are. So,...
BEIJING – The world’s leading maker of electric vehicle batteries, Chinese firm CATL, posted a 32.9% jump in first quarter profit, even as demand for electric vehicles slows. The firm produces more than a third of all electric vehicle (EV) batteries sold worldwide, cooperating with major brands including Tesla, Mercedes-Benz, BMW and Volkswagen. Founded in...
The Government Institutions Pension Fund (GIPF) has announced a pension benefit increase of 4%, effective 1 April 2025 for all GIPF pensioners, qualifying annuitants, spousal and child beneficiaries. Pensions in payment or deferment for less than a year as of 31 March 2025 preceding the increase date will receive an increase on a pro-rata basis. ...
President Netumbo Nandi-Ndaitwah will officially open the 2025 edition of the Namibia International Energy Conference (NIEC). Organisers of the conference this week confirmed Nandi-Ndaitwah will be on hand to open the event that aims to lay the foundation for Namibia as an energy hub. “We are deeply honoured that Her Excellency, the President of the...
Canadian oil and gas explorer Reconnaissance Energy Africa (ReconAfrica) has provided a drilling update on what the company’s leadership calls its largest and most attractive well, known as Prospect I. Prospect I is located onshore Namibia in Petroleum Exploration Licence 073. It is ReconAfrica’s largest prospect to be drilled so far. With this exploration...