Momentum Metropolitan Foundation recently sponsored the African Union’s (AU) Chelete Cage pitch event in Windhoek as part of the AU Micro, Small and Medium Enterprises (MSME) forum. With a contribution of N$300000, the foundation supported the initiative to empower African entrepreneurs through financial and non-financial backing. The forum brought together over 200 entrepreneurs, investors and...
The domestic road sector continues to grapple with a significant funding crisis, which authorities have cautioned is insufficient to cover the costs of maintaining the nation’s road network. The lack of capital has been highlighted by an average deficit of 25.7% in Road User Charges (RUC) revenue from 2016 to 2024. Moreover, RUC projections indicate...
BRUSSELS – The EU yesterday launched a WTO challenge against a Chinese anti-subsidy investigation into imports of European dairy products, in an escalating trade row between Beijing and Brussels. Beijing announced its probe in August after the European Union unveiled a plan to hit Chinese electric vehicles with hefty tariffs. “Today, the (European) Commission launched...
The slight interest rate relief from the 25-basis points repo rate cut by the central bank in mid-August might lead to an increase in the number of building plans submitted and completed, as individuals and developers take advantage of the moreaffordable credit environment. This is according to stock brokerage Simonis Storm (SS)in its take on...
For the end of the financial year ended 30 June 2024, Oryx Properties reported a total comprehensive profit of N$384.8 million, which is a significant increase from N$190.9 million in 2023. Oryx’s total portfolio value increased by N$1.072 billion or 35% to N$ 4.167 billion – up from N$3.095 billion in 2023. These figures financially...
Agriculture plays a pivotal role in Namibia’s economy, supporting livelihoods and contributing to food security. However, the current budget allocation does not reflect its importance. This is according to agriculture minister Calle Schlettwein, who recently warned that the current budget allocation for agriculture is inadequate. “At 2.3% of total non-interest expenditure, and about 0.7% of...
Hangana Seafood has concluded wage negotiations with its Workers’ Council. This marks the first time these negotiations have been conducted with representation from a Workers’ Council, a significant shift from previous years when a union led the negotiations. Both the company and the Workers’ Council acknowledge that the process has been a valuable learning experience...
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...
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...
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...