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India-Namibia trade hits N$14 billion 
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India-Namibia trade hits N$14 billion 

India’s new High Commissioner to Namibia, Rahul Shrivastava, says his country has consistently been at the vanguard of support for Namibia, before and after independence in a mutually beneficial relationship that continues to grow in leaps and bounds to this day. Shrivastava hastened to say the enduring relationship between the two countries, founded on solidarity,...

E-signatures to streamline commerce, governance 
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E-signatures to streamline commerce, governance 

Rudolf Gaiseb  Namibia is on course to implement electronic signatures, also known as e-signatures. This means all service providers will have access to citizens’ signatures.  Audrin Mathe, the executive director (ED) in the information and communication technology ministry said this during last month’s engagement with the Communications Regulatory Authority of Namibia (CRAN), the ED said...

Namibia on course to repay Eurobond … remaining millions could roll over or be refinanced 
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Namibia on course to repay Eurobond … remaining millions could roll over or be refinanced 

Government’s savings strategy has accumulated nearly US$420 million, demonstrating its commitment to managing its Eurobond obligations due on 29 October 2025. Bank of Namibia governor Johannes !Gawaxab was this week confident the country will not default on this bond, as it is on the right track to meet all debt repayment obligations.  “We said come...

Algeria, Nigeria, Niger sign deals on EU gas pipeline
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Algeria, Nigeria, Niger sign deals on EU gas pipeline

ALGIERS – Officials from Algeria, Nigeria and Niger signed new contracts on Tuesday aimed at accelerating the development of a vast natural gas pipeline to Europe, the Algerian press agency APS reported. The Trans-Saharan Gas Pipeline (TSGP), announced in 2009, would transport billions of cubic metres of gas for 4 128 kilometres from Nigeria in...

Canada and EU seek comfort in numbers 
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Canada and EU seek comfort in numbers 

BRUSSELS – Buffeted by tariffs and threats from Washington, the European Union and Canada were yesterday set to discuss drawing closer together, the latest sign of a wider Brussels push to diversify trade away from the United States.  Canadian Prime Minister Justin Trudeau is to hold talks with top EU officials in the Belgian capital...

Natural resources must benefit citizens – EITI 
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Natural resources must benefit citizens – EITI 

Rudolf Gaiseb  Last week, the Extractive Industries Transparency Initiative (EITI) appealed to Namibians to join them, promising great benefits would accrue as a result. So far, 55 countries have implemented the EITI.  Speaking at a consultative meeting in the capital last week, EITI’s executive director Mark Robinson, emphasised that their goal is to ensure that...

Heineken shares pop on bubbly beer sales
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Heineken shares pop on bubbly beer sales

THE HAGUE – Shares in Dutch brewer Heineken fizzed at the market open yesterday, as traders cheered better-than-expected beer sales, despite a slight dip in overall turnover.  The stock rose by more than 11% at the opening bell, the biggest gainer on the Amsterdam market, which was up slightly overall. Earlier yesterday, the world’s second-biggest...

Namibia to feel pinch of US aid cut on SA  …as domestic consumers get more rate relief
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Namibia to feel pinch of US aid cut on SA  …as domestic consumers get more rate relief

The Bank of Namibia has warned of potential economic repercussions for Namibia following the United States’ decision to suspend foreign aid to numerous countries, including those in Africa.  BoN governor Johannes !Gawaxab, the move could significantly affect Namibia due to its currency’s peg to the South African rand and the close trade relationship between South...

Central African Republic launches memecoin
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Central African Republic launches memecoin

BANGUI – The Central African Republic (CAR), a poverty-stricken and perennially unstable country despite its vast mineral wealth, has launched a memecoin, called $CAR.  It had a tumultuous debut, experts said. A memecoin is a cryptocurrency that rides on the popularity of a viral personality or phenomenon on the internet.  It is often seen as...

BP pledges strategic ‘reset’ as profit tumbles
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BP pledges strategic ‘reset’ as profit tumbles

LONDON – Britain’s BP on Tuesday said its annual net profit slumped 97% last year, as the struggling oil and gas giant pledged to “fundamentally reset” its strategy. Profit after tax tumbled to US$381 million in 2024 from US$15.2 billion in 2023, owing to weaker refining margins, asset write-downs and unfavourable accounting effects linked to...