LÜDERITZ’s – Lüderitz economy is expected to grow massively due to new developments en route, but this comes with a pressing concern of lack of affordable housing and adequate office space for businesses, particularly in the oil and gas sector. The mayor of Lüderitz, Phillippus Balhao, has thus called for urgent action to address these...
Iuze Mukube African entrepreneurs showcasing their enterprises at the African Union’s Micro, Small & Medium Sized Enterprises (MSME) Forum in Windhoek last week expressed appreciation for Namibia’s convenient and at all-time accessible ports. Nigerian businesswoman Ameera Abraham, who owns Amali Cosmetics, expressed amazement at learning that Namibia’s ports are always open for business. “So, one...
Collaboration between the governments of Namibia and Botswana continues to bear fruit for citizens and businesses of both countries through last week’s announcement of a substantial reduction of mobile roaming charges. The move by the two countries, which was embarked on about a year ago, signifies a major step towards realising enhanced regional connectivity and...
Iuze Mukube The 3rd Annual Micro, Small & Medium-sized Enterprises (MSME) Forum of the African Union (AU) is currently ongoing in Windhoek, and various delegates, exhibitors, and small enterprise entrepreneurs have swarmed to the occasion. As the forum aims at fostering financial empowerment and educational innovation for African start-ups and SMEs, local entrepreneur, Taimi Shivute,...
The homegrown financial services entity, Capricorn Group Limited, yesterday reported an impressive profit of N$1.74 billion after tax with year-on-year growth of 9.9% in its latest financial results for the year ended 30 June 2024. The Group, with diversified operations and business interests in Namibia and Botswana, is listed on the Namibian Stock Exchange. Through...
Working at the Development Bank of Namibia (DBN) for more than 13 years has allowed me to see my share of business owners, entrepreneurs, idealists and dreamers pass through our doors. What they all have in common is drive, determination and an individualistic streak – an essential trait for anyone who wants to start or...
BEIJING – Chinese tech giant Huawei yesterday unveiled the world’s first triple-folding phone at more than three times the price of the newest iPhone, hours after its US competitor lifted the curtain on its own new handset built for AI. The Mate XT was officially presented by Huawei executive Richard Yu at the firm’s headquarters...
BRUSSELS – A top EU court yesterday delivered two major victories for Brussels by ruling against Apple and Google in separate legal sagas with billions of euros at play. The decisions give a boost to the bloc’s outgoing competition chief, Margrethe Vestager, who had suffered a series of setbacks in EU courts against her decisions....
Effective 1 October 2024, Mariama Cire Sylla becomes the World Bank Group (WBG)’s joint resident representative for Namibia. This new position provides a single point of contact for access to the full breadth of the WBG products and services, and is expected to enhance the global institution’s ability to address challenges and drive development with...
Rudolf Gaiseb For Namibia to thrive in a new digital era, digital transformation must not only adapt but must also build a strong, resilient framework, capable of enduring digital advancement. This sentiment was shared on Monday by information and communication technology (ICT) minister Emma Theofelus. Namibia is preparing to inevitably integrate artificial intelligence (AI) into various...