The Husab mine has stepped up to assist the government with the establishment of a much-needed second desalination plant to be constructed at the coast. NamWater CEO Abraham Nehemia on Wednesday stated that the uranium mine stepped in at a crucial time, and saved the government from mobilising some N$3 billion needed for the project....
A delegation of the World Bank Group’s (WBG) board of executive directors (EDs) recently noted Namibia’s and South Africa’s progress in achieving development goals, and reaffirmed World Bank Group’s commitment to providing support. The 11 EDs and Alternate EDs were hosted by the World Bank and International Finance Corporation (IFC) country offices during their recent visit from...
The Ohlthaver and List (O&L) Group does not intend on closing any retail outlets, and operations will continue as usual despite the group terminating a 27-year franchise agreement with massive South African retailer, Pick n Pay. This is according to the O&L Group’s executive chairman, Sven Thieme. “We remain committed to maintaining our presence in...
A preservation fund is a savings vehicle into which you can transfer your retirement savings from a retirement fund (pension or provident fund) to preserve funds for your financial well-being in retirement. This vehicle is primarily used when people resign or change jobs, which then becomes a tax-free transfer from your existing retirement fund into a...
Lupita Nyong’o, the global ambassador for the world’s leading diamond company De Beers, was in Namibia last week to witness the impact that natural diamonds have on the country and its people. A De Beers ambassador since 2022, Nyong’o has sought to learn more about the untold stories of natural diamonds. Together with joint venture...
Union leadership representing most Pick n Pay Namibia employees does not expect any retrenchments emanating from the Ohlthaver and List’s (O&L) Group’s termination of its franchise agreement with the South African retailer. Penda Jakob, the secretary general of the Namibia Food and Allied Workers Union (Nafau) yesterday said official engagement will be guided by the...
LONDON – Global aviation’s biggest players gathered at the UK’s Farnborough airshow yesterday, as the aerospace industry struggles to keep up with demand. Some 75 000 visitors and 1 200 exhibitors are expected to attend the five-day event, southwest of London, at an airport that is usually used by private jets. Held every two years,...
HONG KONG – Asian markets fell yesterday as Joe Biden’s decision to drop out of the US presidential race fuelled fresh uncertainty, while traders appeared unmoved by China’s decision to cut interest rates in a bid to boost its stuttering economy. After last weekend’s assassination attempt on Donald Trump — and the following Republican convention...
Swarovski Namibia hosted its first annual event with customers as well as the public at its recently-opened shop at Grove Mall Namibia. This occasion was attended by a small crowd, including the international jewellery company’s brand ambassador Cassia Sharpley, regional manager Jonathan Minter and owner Wagner Luis. Minter expressed excitement at usinginfluential Namibians who align...
The Hospitality Association of Namibia (HAN) said it is still premature to comment on the effect that Namibia’s new visa regulations will have on the domestic tourism sector. However, HAN CEO Gitta Paetzold noted there is no use denying tourism industry concerns. In a statement issued last week, she said the industry is concerned “mainly...