BEIJING – Beijing said yesterday it is kicking off a formal probe into EU practices after the bloc launched an anti-subsidy investigation of a range of Chinese transport and green energy firms. Trade tensions between Beijing and Brussels have spiralled in recent months, with the European Union taking aim at China’s support for its renewables...
Sven Thieme, the executive chairman of the Ohlthaver & List (O&L) Group, was awarded the Forbes Best of Africa Outstanding Corporate Leadership Award at a recent ceremony held in Lisbon, Portugal. This recognition highlights Thieme’s exceptional leadership, commitment to excellence, and dedication to fostering sustainable growth and development in Namibia. The Forbes Best of Africa...
August 26 Manufacturing has commenced its first-ever apprenticeship programme to empower Namibian youth. The programme encouraged youth from different backgrounds to apply, including individuals from marginalised communities as well as women. The apprenticeship aims to provide essential skills in clothing production. This initiative combines practical on-the-job training with classroom instruction to equip young people with...
WALVIS BAY – Namibia Chamber of Commerce and Industry (NCCI) president Bisey /Uirab said Botswana is one of Namibia’s most important trading partners, as the trade value between the two countries amounts to N$20 billion. He was speaking at the Swakopmund International Trade Expo (SWAITEX) that ended this weekend. He also highlighted the significance of...
NAIROBI – Moody’s has downgraded Kenya’s debt rating further into junk territory, and warned the outlook was negative after a wave of protests led the government to abandon proposed tax hikes. President William Ruto, facing the most serious crisis of his near-two-year presidency, last month scrapped a finance bill aimed at replenishing government coffers and...
National rail and freight operator TransNamib has been given the green light to upgrade its outdated locomotive fleet. This is after the historically financially-beleaguered transportation parastatal this week stated it successfully adhered to conditions for access to N$2.6 billion in secured funding. It is hoped this significant financial boost, acquired from the Development Bank of...
The European Union wants to help Namibia get off the greylist to ultimately support the country in strengthening an effective framework to fight money-laundering and all forms of organised crime. On Monday, the EU commenced with a week-long, tailor-made training workshop for relevant Namibian officials. These officials deal with financial intelligence analysis, investigations and prosecution...
Chris Movirongo Climate change is one of the greatest challenges facing the global community, but it also presents a once- in-a-lifetime opportunity for significant economic growth and expansion. For countries like Namibia, the climate emergency presents a chance to take control of its future energy needs and secure economic prosperi,ty. As well as being an...
HONG KONG – The euro slipped yesterday, but eurozone stock markets edged up after early losses following snap French elections in which a hung parliament appeared the likeliest outcome. In France, the left was set to emerge as the biggest group in a new parliament, beating out a resurgent far-right in a vote called by...
South African businessman and founder of Bathu Shoes Theo Baloyi has said for a very long time, Africans have been consuming brands that are not from the continent. It is about time that narrative changes. The entrepreneur, who launched his shoe (sneaker) brand in 2015, said changing the habit of consuming products from elsewhere and...