The Development Bank of Namibia (DBN) and the Swakopmund Municipal Council signed a Strategic Comprehensive Partnership Agreement (SCPA) to establish a collaborative framework aimed at driving socio-economic development at the coastal town. The SCPA aligns resources, expertise and shared objectives of the two entities to enhance Swakopmund’s infrastructure, stimulate economic growth, and improve the quality...
BAKU – Twenty-five countries at the COP29 climate summit yesterday pledged not to build any new unabated coal-power plants, in a push to accelerate the phasing out of the highly polluting fossil fuel. The United Kingdom, Canada, France, Germany and major coal producer Australia were among the list of mainly wealthy developed economies to sign...
Namibia’s potential to enhance charcoal competitiveness in the global marketplace remains hindered by branding issues. This major challenge remains a critical barrier to market infiltration because charcoal produced in Namibia is still branded with logos of international companies. “International charcoal buyers are protecting their market and prioritising branding imported products with their logos to keep...
Gondwana Collection Namibia has opened a state-of-the-art Namibia2Go facility at Hosea Kutako International Airport. The company has noted that the facility marks a milestone that underscores its commitment to redefining travel experiences in the country. “This new facility is more than just a car rental hub—it reflects Gondwana’s vision of excellence, innovation and service. The...
Nedbank Namibia was this week awarded the Institute of People Management (IPM) Human Resources Centre of Excellence Award of the Year at the 14th Annual IPM Namibia Conference. The conference took place on Tuesday in Windhoek, where Nedbank was recognised for its work in the wellness department, particularly through the establishment of its Campus On-Site...
The domestic charcoal industry is grappling with pressing challenges, particularly concerning the treatment of undocumented workers. A recent report on the industry reveals a significant number of charcoal cutters and burners on farms are undocumented Angolan immigrants, primarily from the Ovazemba indigenous community. The report stipulates that many of these workers often find themselves without...
JOHANNESBURG – Inflation in South Africa fell to its lowest level in four years in October, official data showed yesterday. “Annual consumer price inflation was 2.8% in October 2024, the lowest since June 2020 (during the Covid-19 pandemic) when the rate was 2.2%,” Statistics South Africa (Stats SA) said in a statement. The South African...
The future of quantitative investing is going to be shaped by Artificial Intelligence (AI). Quantitative investment strategies can identify better opportunities, and leverage them into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About half of quantitative investors have implemented AI...
PyroNam, a Namibian biochar production company, is set to invest approximately N$7 million in establishing its first biochar plant in Otjinene. Located in the Omaheke region, Otjinene has the potential to produce biomass. Henrike Geldmacher, managing director of PyroNam, announced that the company has diversified its focus to engage with communal areas authorised under local...
Isabel Bento ARANDIS – HyIron-Oshivela Green Iron project signed its first-ever off-take agreement with German-based automotive technology company Benteler.HyIronic-Oshivela is the first industrial production project of iron at net zero emissions in Namibia. Co-founder of HyIron-Oshivela, Johannes Michels, made the announcement during a site visit to the plant in Arandis on Tuesday.“This is the first...