LAGOS – The four richest Africans are wealthier than about half of the continent’s 750 million people, anti-poverty charity Oxfam said in a report published on Thursday, warning widening inequality is hampering democracy. Oxfam named only Nigerian billionaire Aliko Dangote, the continent’s richest man, in its report. But according to Forbes, the top four are...
PARIS – The OPEC oil cartel yesterday stated that demand for crude will continue to expand through at least 2050, calling efforts to rapidly shift away from fossil fuels an unworkable fantasy. In its latest annual report on the outlook for oil demand, OPEC sees global oil demand rising by 18.6% from 103.7 million barrels...
The Ohlthaver & List Group (O&L) has welcomed 13 new graduates into its 2025 Emerging Talent programme, reinforcing the group’s commitment to developing the country’s future workforce and addressing the critical challenges of youth unemployment, which is estimated at over 37%. According to the Namibia Statistics Agency, the youth unemployment rate is higher among those...
The Central Procurement Board of Namibia (CPBN) has concluded a N$121 million procurement contract with Intelsat Ventures, on behalf of the Namibia Broadcasting Corporation (NBC), for the implementation of Direct-To-Home (DTH) Transmission Services. The contract signing marks a significant milestone in Namibia’s efforts to enhance nationwide broadcasting capabilities and ensure equitable access to radio and...
The Namibia Investment Promotion and Development Board (NIPDB) and the Namibia Standards Institute (NSI) signed a Memorandum of Understanding (MoU) on Wednesday, to strengthen cooperation between the institutions and focusing on joint efforts to support standardisation, improve market readiness for Namibian products and enhance the ease of doing business. NSI chief executive officer Eino Emvula...
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,...