Kraatz, a subsidiary of the Ohlthaver & List (O&L) Group, has started its first apprenticeship intake for the year 2024. This intake sees 10 promising young Namibians embark on a six-month apprenticeship journey as part of Kraatz’s ongoing commitment to developing skilled professionals and future leaders. The apprenticeship programme, now in its 12th year, aligns...
Business
Career fairs essential to close domestic skills gap
Iuze Mukube As part of efforts to minimise the domestic skills gap, the Namibia University of Science and Technology (Nust), in collaboration with the African Development Bank (AfDB) and other stakeholders, hosted a two-day career fair to connect students with potential employment in the financial sector. The event took place on 19 and 20 September...
Kapani shares aspirations for Green Hydrogen
The green hydrogen project of Namibia comprises various exceptional individuals with impressive credentials. Theopolina Kapani makes up part of the team as head of technical construction at the Namibia Green Hydrogen Programme. Born and raised in Dordabis, a small town on the outskirts of Windhoek, she has excelled in one of the world’s leading emerging...
BW Kudu, Namcor expand scholarship programme
BW Kudu, in collaboration with the National Petroleum Corporation of Namibia (Namcor), has expanded the scholarship programme supporting underprivileged school students under the care of the Physically Active Youth (PAY). PAY is a renowned non-profit organisation, dedicated to supporting disadvantaged children in Katutura. This initiative continues a successful collaboration that began in 2023, aimed at...
NamRA launches whistleblower hotline
The Namibia Revenue Agency (NamRA) this week launched a Whistleblower Hotline in partnership with Deloitte Namibia, a private company that provides accounting, auditing, taxation and consultancy services. The hotline is designed to provide a secure and confidential platform for reporting a range of concerns. The initiative, which follows approval by the NamRa board of directors,...
Schlettwein blasts struggling line SOEs…says inefficiency hinders agricultural growth and profits
Agriculture minister Calle Schlettwein yesterday took issue with the performance of struggling line state-owned enterprises (SOEs), arguing that their inefficiencies are placing an undue burden on farmers. He emphasised that these SOEs, which are intended to support agricultural productivity, are instead hindering growth and profitability for farmers. The minister noted that these industrialisation and marketing...
Tupperware files for bankruptcy
WASHINGTON – Tupperware Brands and some of its subsidiaries have filed for Chapter 11 bankruptcy protection and are seeking a buyer, the food container firm said, after years of dwindling sales. “Over the last several years, the company’s financial position has been severely impacted by the challenging macroeconomic environment,” president and CEO Laurie Ann Goldman...
Puma Energy grapples with rail transport…underscores urgent need for national rail improvement
Puma Energy Namibia is grappling with a significant decline in reliance on rail transportation. This situation has deteriorated dramatically over the past two decades. Adell Samuelson, general manager of Puma Energy Namibia, during a media briefing this week, expressed concerns about the current state of rail services. She noted that the company now relies on...
US expands sanctions against spyware consortium
WASHINGTON – The United States on Monday announced fresh sanctions against five individuals and a company associated with the Intellexa Consortium for their role in developing and distributing spyware “that presents a significant threat” to US national security. The move comes months after the US government sanctioned Intellexa’s founder and other parties for their role...
Opinion – Ensuring pension fund efficiency
Pension funds require the responsible management and safeguarding of members’ retirement savings to provide peace of mind. This is achieved through robust and transparent communication to create awareness and provide knowledge on the importance of saving for retirement. Pension savings can provide a certain degree of financial security, independence and stability upon retirement, disability, ill-health...