Executive Chairman of the O&L Group, Sven Thieme, this week took part in a groundbreaking moment for Germany’s energy transition with the launch of the Philippsee project. The floating photovoltaic (PV) system was launched on Monday as an example of harnessing unused water bodies for the generation of clean energy, contributing to renewable energy objectives. ...
FlySafair, South Africa’s leading low-cost airline, landed at Hosea Kutako International Airport for the first time this week, connecting Cape Town to Windhoek. The maiden landing marked the start of the regional route for FlySafair from Cape Town, making cross-border travel between the two cities more accessible and affordable for customers. “We are extremely excited...
Africa has the highest average into-wing fuel price globally. This fact alone is stifling Africa’s aviation sector simply because jet fuel typically constitutes the largest operational cost for an airline, currently at around 30% of total industry budgets. There is no doubt that regions or airlines with higher fuel prices are disadvantaged in terms of...
The landscape of Namibia’s mining and finance sectors is changing, and women are at the forefront of this transformation. For generations, young women and working professionals rarely saw themselves represented in these industries, leading to a persistent gender gap that we are only now beginning to address. The statistics paint a stark picture. In Namibia,...
Early bird registration is open for the Namibia International Energy Conference (NIEC), which is already gearing up for its 7th edition next year from 23 to 25 April 2025 in Windhoek. Convened by RichAfrica Consultancy and endorsed by the mines and energy ministry, the conference is anticipated to gather global and local energy leaders, investors,...
Government is strategically positioning itself to become a leader in the burgeoning global green hydrogen economy. To support the necessary infrastructure for this sector, government is exploring a variety of innovative financing tools, including donor funding and concessionary capital. The latter, however, comes with a cautionary note that it will increase the already-skyrocketing national debt...
Team Namibia recently held its annual general meeting (AGM), bringing key stakeholders, industry leaders and government officials together under the theme ‘Rooted in Namibia, Thriving Together’. The event celebrated the organisation’s continued commitment to driving local economic growth, and promoting Namibian products through strategic collaboration and patriotism. Patricia Hoeksema from Team Namibia’s board of directors...
PSG Wealth Namibia, a financial services’ company, has launched a new talk show called ‘Windows of Wealth’. The show aims to inspire and empower Namibians through captivating interviews with some of the country’s most influential leaders and trailblazers. According to a statement, ‘Windows of Wealth’ brings audiences closer to the personal and professional journeys of...
OSLO – Norway’s sovereign wealth fund, the world’s largest, posted a gain of more than US$76 billion (N$1.3 trillion) in the third quarter as the global equities market got a boost from lower interest rates, it said yesterday. For the July to September period, the fund posted a return of 4.4%, bringing its total value...
“We need the national budget to enable small businesses to grow so that we can train more people and employ more people. This way the economy will also be able to grow,” said Jeremia Matheas, a small business owner in Windhoek. “We only hear about the budget, but we don’t see any of its benefits....