Despite mining still being the greatest contributor to export earnings, domestic economic growth, growth for next year is expected to be driven by agriculture, construction sector, robust electricity generation, and stronger output from the uranium subsector. This is according to Johannes !Gawaxab, the outgoing governor of the Bank of Namibia, who made the remarks at...
WALVIS BAY – African Global Logistics (AGL) has officially opened a new terminal at the Port of Walvis Bay, investing close to N$200 million in the facility. The Walvis Bay Multipurpose Terminal is designed to increase the port’s capacity and handing of bulk and break-bulk cargo. It also provides an alternative corridor and gateway for...
Leaders from across Europe and Africa came together to commemorate a landmark moment: 25 years since the first Africa-Europe Summit in Cairo. Last week, in Luanda, Angola, Heads of State and Government from the European Union (EU) and the African Union (AU) convened for the 7th AU-EU Summit on 24 to 25 November 2025 to...
Marius Johannes, a lecturer at the University of Namibia’s Business School, says Namibia should explore nuclear energy, especially because it is one of the world’s largest uranium exporters. Johannes explained that although Namibia does not yet have the capacity to build a nuclear power plant, the country can begin preparing step by step. This includes...
PARIS – The world economy has been “surprisingly resilient” in the face of adversity this year, the Organisation for Economic Co-operation and Development (OECD) said yesterday, raising its growth estimates for key economies, notably the US and the eurozone. The OECD is an international organisation of democratic countries with market economies that promotes sustainable economic...
BAGHDAD – Iraq’s oil ministry announced on Monday that it had invited US companies to bid on an oil field that had been operated by the now American-sanctioned Russian company Lukoil for years. The oil ministry said in a statement that it had taken “all necessary measures to directly and exclusively invite several major American...
NEW YORK – Economic activity in the US manufacturing sector contracted more than expected in November, according to a survey released on Monday, pointing to lingering concerns about tariffs. The reading from the Institute for Supply Management (ISM) fell to 48.2 from 48.7, the ninth straight month of contraction. A rating of 50 separates growth...
Stop n Shop, located in Okuryangava, is one of the busiest and most vibrant informal markets in Windhoek. It is a place full of life, noise, movement and survival. From early morning until late at night, the area is crowded with vendors, customers, taxis, and passersby. Small stalls, tables, and makeshift shelters line the dusty...
Two hardworking women in their 50s are keeping preserve traditional food in the market at the Stop n Shop market in Okuryangava. Anna Nadula and Elise Jeremia arrive as early as 06h00 every morning and work until late in the evening. Their stalls stand side-by-side, offering well-known local foods such as mopane worms, mahangu flour,...
PARIS – Shares in Airbus fell more than 10% on Monday in Paris following media reports that quality problems with fuselage panels had delayed delivery of some of its top-selling A320 aircraft. Shares in the company were down 10.24% at around 1200 GMT, while the Paris market was showing a small drop. It subsequently recovered...