The introduction of a national minimum wage in Namibia is a landmark in the country’s economic and social journey. While its implementation poses challenges for businesses in the short-term, the long-term benefits for the economy, communities, and social equity far outweigh these initial hurdles. This policy is not merely a mandate, but a strategic investment...
Business
Windhoek’s hardships through vendors’ lenses
Kavetja Ngaizuvare Street vendors are an important part of urban life, providing affordable food and goods to the public, at their convenience. However, despite their crucial role, their daily lives are filled with challenges, as they work hard to make a living. This week, New Era spoke to a few vendors to hear challenges from...
Airlines’ association concerned with aviation infrastructure
The Airlines Association of Southern Africa (AASA) has expressed renewed concern and frustration regarding a spate of incidents that disrupted airline operations over the summer peak travel season and throughout January. The incidents are primarily related to the reliability of refuelling infrastructure, electrical power supply and redundancy systems at the OR Tambo International Airport and...
Future Energies Services appoints Shindubu as GM
Future Energies Services, a Namibian-owned company at the forefront of sustainable energy solutions, has appointed Aron Shindubu as general manager, effective 1 February 2025. Future Energies Services operates as the corporate wing of the Namibia Youth Energy Forum, a Section 21 registered non-profit organisation. Shindubu is an accomplished business development and strategy expert. He has...
Zambezi entrepreneurs to receive tailoring training
KATIMA MULILO – Twenty selected entrepreneurs from Zambezi region’s eight constituencies will receive two-weeks training in tailoring and fashion design. The training is an initiative of the Zambezi Regional Council and is funded by the Community Skills Development Foundation (Cosdef) Oyetu Project. Addressing the participants, Zambezi Regional Council chairperson Matengu Simushi stated that the training...
Repo rate reduction expected this month …as domestic inflation in December fell to 3.4% year-on-year
The central bank’s Monetary Policy Committee (MPC) is expected to reduce the repo rate by 25 basis points (bp) at its February 2025 meeting. This would bring the repo rate to the 2017-2019 average of 6.75%, and would spell some marginal relief for Namibian households. The Bank of Namibia’s (BoN) MPC has expressed confidence in...
Musk takes reins of US Treasury payments
WASHINGTON – Elon Musk and his aides have taken control of the US Treasury Department’s payments system, triggering a lawsuit charging he is illegally getting access to private data of millions of Americans. Musk, the world’s richest person, is leading president Donald Trump’s federal cost-cutting efforts under the so-called Department of Government Efficiency (DOGE). The...
Cran appoints Shigwedha to executive team
The Communications Regulatory Authority of Namibia (CRAN) has appointed Josephine Shigwedha to its executive team, effective 3 February 2025. Shigwedha will assume the role of Executive: Regulatory and Corporate Legal Services. She is an admitted legal practitioner with a Master of Laws (LLM), and has over 11 years of dedicated experience in various aspects of...
Trustco appoints independent committee to oversee delisting
Trustco Group Holdings Limited yesterday announced that its board of directors has established an independent committee to manage the proposed delisting from the Johannesburg Stock Exchange (JSE), Namibian Stock Exchange (NSX) and OTCQX Market in the United States. This follows the company’s announcement of evaluating the delisting in preparation for its planned Nasdaq direct listing. ...
Labour market risks drive social instability – FNB …informal employment more viable for youth
Without targeted interventions to stimulate job creation, address regional disparities and better align skills with market demands, Namibia’s labour market risks becoming a driver of social instability and economic stagnation. This is according to FNB’s analysis of the 2023 Labour Force Survey, where the bank states that the findings paint a sobering picture of Namibia’s...