European and Asian stock markets slid yesterday on worries of a possible trade war between China and the United States when Donald Trump takes over as president, analysts said. Chinese stocks were already under pressure from disappointment about Beijing’s lack of extra measures to boost China’s stuttering economy. The sell-off came despite another record close...
Workforce Staffing Namibia, a leading provider of specialised workforce solutions, is bolstering its operations to address the growing needs of the country’s burgeoning oil and gas, renewables, green hydrogen, mining and construction sectors. These sectors are driving unprecedented demand for skilled and semi-skilled labour. In a statement issued yesterday, Workforce Staffing Namibia noted it has...
The Africa Energy Chamber recently announced Munolwisho Elizabeth Ipangelwa, Green Hydrogen advisor at GIZ, as one of this year’s 25 Under 40 Energy Women Rising Stars. This accolade celebrates her commitment to advancing gender inclusivity in Namibia’s oil, gas and green hydrogen sectors, making her an anchor of hope for women and young professionals in...
The Namibia University of Science and Technology (Nust) has appointed Dr Andreas Elombo as director of the Namibia Energy Institute (NEI). The NEI, housed at Nust, is dedicated to energy research, education and training as well as addressing domestic and regional energy challenges. In this vein, the institute is set to become a national energy...
LONDON – Bitcoin soared to a new record high on Sunday, as traders bet that DonaldTrump’s return to the White House will be good for the cryptocurrency. The digital currency passed US$80 000 for the first time in its history shortly after 12h00. It has been rising since Republican candidate Trump won last Tuesday’s US...
The National Petroleum Corporation of Namibia (Namcor), in collaboration with its joint venture partners in Petroleum Exploration Licence (PEL) areas 56, 83, 85 and 90, are set to commence drilling between the last quarter of 2024, and the first quarter of 2025. The drilling will entail four exploration and appraisal wells in the Orange Basin...
Cross-border payments are a lifeline for many people and businesses in Africa. These customers rely on fast, secure and cost-effective payment offerings to manage the daily transfer of funds to friends, associates and family members in other countries. To meet evolving customer needs, First National Bank (FNB) has partnered with BankservAfrica for its Transactions Cleared...
Recently, the Bank of Namibia, as the country’s central bank responsible for safeguarding the stability and integrity of the financial system, has been at the forefront of identifying a troubling surge in fraudulent investment schemes. These schemes, which falsely promise financial support for Namibia’s development initiatives, have been targeting high-ranking government officials, ministries, traditional leaders,...
The Namibia Water Corporation (NamWater) on Friday reached a significant milestone in national water infrastructure with the signing of contracts for the construction of the Ogongo-Oshakati Pipeline Replacement and Ancillary Works. The ceremony, held at NamWater’s head office in Windhoek, underscored NamWater’s commitment to securing reliable water supply for northern Namibia to support future growth...
The Electricity Control Board (ECB) of Namibia cannot currently take any action against local authorities who block pre-paid electricity meters for arrears of non-electrical services. Although this practice is against the law, it is being challenged in court by local authorities drowning in debt, and the practice continues unabated. It is estimated that NamPower, the...