The National Petroleum Corporation of Namibia (Namcor) has appointed its Upstream Development and Production executive, Mtundeni Ndafyaalako, as acting managing director, with effective from 1 March 2026. The appointment was made pending the conclusion of the ongoing recruitment process for a substantive managing director at the national petroleum entity. Ndafyaalako’s appointment comes at the conclusion...
In her 2026/2027 national budget speech to Parliament on Thursday, Finance Minister Ericah Shafudah announced strong progress on Namibia’s first fast and instant payment system. The new system, called the Instant Payment Solution (IPS), will allow government to pay people directly into their bank accounts or e-wallets within seconds. The system is a collaborative effort...
Capricorn Group yesterday delivered a solid, and perhaps hard-earned, set of interim results, posting profit after tax of N$920 million for the six months ended 31 December 2025, as Namibia’s flagship financial services group navigates a tightening margin environment and rising credit impairments. The result reflects resilient performance in a period marked by interest rate...
More than six decades after the United States (US) first imposed an embargo on Cuba, the policy once dismissed as a Cold War relic has morphed into a grinding economic siege that Cuban officials now describe as existential, and regional leaders fear could destabilise the wider Caribbean. In Windhoek this week, the Sam Nujoma Foundation...
More than sixty years into one of the world’s longest-running economic blockades, it is no longer possible to ignore the devastating toll of the United States of America’s embargo on Cuba. What began in 1962 as a Cold War manoeuvre has become an entrenched policy of economic suffocation that is morally indefensible, economically destructive, and...
Standard Bank’s head of enterprise and direct, Rodney Coetzee, on Wednesday said informal businesses must be brought into Namibia’s mainstream economy if the country is to unlock its full growth potential. Coetzee said the bank sees supporting small and informal enterprises not as a slogan, but as a responsibility tied to national development. He stressed...
Organisations face a rapidly growing number of cybersecurity threats in today’s interconnected digital environment. The key element of effective defence is understanding and managing the external attack surface. Monitoring and understanding this exposure are no longer just the best practice, but the fundamental requirement for maintaining strong organisational security. The external attack surface refers to...
Works and Transport Minister Veikko Nekundi said investigations are ongoing to determine how many vehicles imported from Hong Kong may have been registered with false information. Nekundi said law enforcement teams are already working on the matter. The Roads Authority (RA) recently halted the registration of vehicles imported from Hong Kong after it was discovered...
WASHINGTON – Full workplace equality does not exist anywhere in the world, and only a tiny fraction of women lives in countries with a labour market that comes close to it, the World Bank said on Tuesday. Even when workplace equality laws are passed by lawmakers, they are truly enforced in only about half of...
WASHINGTON – Fresh US tariffs on imported goods came into effect yesterday, as president Donald Trump moved to rebuild his trade agenda after the Supreme Court ruled against a swath of his global duties. The new tariffs, initially set at 10%, are justified as a means “to deal with the large and serious United States...