SANTIAGO – Chile’s state-owned copper giant Codelco announced a partnership on Monday with British-Australian miner Rio Tinto to extract lithium from a salt flat that contains the world’s second-biggest deposits of the prized metal. Mining companies are scrambling to get their hands on lithium, a key ingredient in electric car and smartphone batteries.Argentina, Bolivia and...
Antila Oil and Gas, the organisers of the Namibia Local Content Conference and Exhibition 2025, has announced a three-year partnership with Namibia Oil and Gas, the Namibian news and information resource hub that focuses on the oil, gas, and energy sector. Namibia Oil and Gas will serve as the official news and media partner for...
BANFF – Top finance leaders from the G7 nations gathered in Canada from yesterday, with concerns including war in Ukraine at the fore, while the advanced economies grapple with fallout from US president Donald Trump’s sweeping tariffs. In talks running through to tomorrow, leaders are set to discuss global economic conditions, with participants seeking a...
Finance minister Ericah Shafudah commended the Development Bank of Namibia (DBN) for its commitment to the country’s economic growth during her speech at the Good Business and Innovation awards on Monday. She lauded the DBN’s role in driving development as a key financial institution, noting the bank has invested over N$21 billion into the domestic...
PARIS – The French government “at the highest level” covered up a scandal over the treatment of mineral water by food giant Nestle, including the iconic Perrier brand, a Senate investigation said yesterday. In recent years, the Swiss food and drinks’ conglomerate has been under pressure over its Perrier and other brands. European Union regulations...
BRUSSELS – The European Union (EU) yesterday sharply cut its eurozone economic growth forecast for 2025 due to global trade tensions sparked by United States’ (US) president Donald Trump’s sweeping tariffs. The European Commission said the 20-country single currency area’s economy should grow 0.9% in 2025 – down from a previous forecast of 1.3% –...
In recent years, Namibia’s emergence as a frontier for offshore oil and gas exploration has made global headlines. Behind much of this progress stands Northern Ocean Ltd, an international drilling contractor whose world-class offshore rigs, Deepsea Mira and Deepsea Bollsta, have played a vital role in unlocking the country’s energy potential. Earlier this year, both...
In pursuit of the mandate to advance Namibia’s industrialisation agenda by enhancing, promoting, facilitating and managing industrial development in the country, the Namibia Industrial Development Agency (NIDA) targets to create 35 000 jobs over the next five years. This is outlined in their newly- developed first Turnaround Integrated Strategic Business Plan (ISBP) 2025/26-2029/2030 and Sustainable...
LONDON – UK Prime Minister Keir Starmer is set to sign a new deal with the European Union seeking to reset ties after Brexit, his office said on Saturday ahead of landmark talks. Starmer is scheduled to meet EU chiefs today (Monday) for the first post-Brexit EU-UK summit aimed at agreeing steps towards a closer...
Chief executive officer Ester Kali continues to accumulate accolades, this time being recognised as a dynamic leader as well as for her exceptional leadership and strategic vision at the helm of Letshego Holdings Namibia. Kali sccoped the Banking CEO of the Year Namibia at the 2024 Global Banking and Finance Awards for Letshego’s remarkable growth...