ANKARA – Turkey plans to draw on its geographical position and an EU customs deal to entice Chinese investors keen to access European markets tariff-free, as it recently just did with carmaker BYD. The Chinese electric vehicle giant signed a billion-dollar deal with Ankara on Monday to open a plant in western Turkey, promising to...
Business
CEO of your career – It’s never too late for career and personal mentorship
Entering the professional world can feel like embarking on a vast, uncharted journey. For young professionals, emerging leaders and recent graduates, the path ahead often seems daunting. The pressure to succeed, coupled with the uncertainty of which steps to take, can be overwhelming. This is where the invaluable role of career mentorship comes into play....
Namfisa picks Hawanga to oversee capital markets
The country’s non-banking financial institutions and financial services’ watchdog has appointed Imanuel Hawanga as general manager for capital markets. The appointment by the Namibia Financial Institutions Supervisory Authority (Namfisa) is effective from 3 June 2024. Hawanga holds a Master of Science in International Banking and Finance degree from the University of Salford, Manchester, a postgraduate...
Inflation eases more rapidly than expected – SS …easing in essential goods but rising costs for services and transport
Stock brokerage Simonis Storm (SS) projects that with stable consumption spending, the domestic economy could experience a more balanced inflationary environment, which would in turn foster sustainable economic growth for the remainder of the year. This is as the domestic annual inflation rate continues to ease more rapidly than anticipated. SS has maintained its forecast...
PAP member states urged to unite
Noreen Sitali THE official closing of the third ordinary session of the sixth Pan-African Parliament marked a unified occasion at the parliament’s headquarters in Midrand, South Afric, last week, as members reflected on Africa’s pressing issues for resolutions and recommendations. Pan-Af r i can Parl iament president Fortune Charumbira urged member states to unite, and...
Nedbank uncovers oil and gas financing connections
Nedbank Namibia recently hosted another successful evening of industry discussions, this time bringing together an inspiring cohort of industry leaders and government officials in the oil and gas industry. The engagement served as a platform to cultivate collaborations among regional neighbours, government entities and Namibia’s major oil and gas industrial sectors, allowing them to discover...
Sanlam expands footprint in northern Namibia
Sanlam has opened two branches at Eenhana and Omuthiya in northern Namibia, and this marks a significant milestone for the company as it expands its reach and services to better serve all communities in the country. “These new branches are a testament to Sanlam’s commitment to providing top-notch insurance and financial solutions tailored to meet...
Namibia Dairies provides financial support to farmers
Recognising the current trading environment and the considerable strain posed by the ongoing drought, Namibia Dairies stated it remains committed to supporting partners in theindustry to the best of its ability. As such, the company is implementing a supplementary winter levy to support dedicated dairy farming partners during the challenging season. The company yesterday said...
Public-private partnerships can boost job-hunting … working together can lower financial burden on job-seekers – Indombo
By adopting prescribed practices, government and employers can make a difference to create a more efficient and cost-effective job-seeking environment, benefitting both businesses and job-seekers. Executive director in the labour, industrial relations and employment- creation ministry Lydia Indombo said government, through the ministry, launched the Namibia Integrated Employment Information System (NIEIS) to facilitate the job-matching...
China probes EU foreign subsidy investigations
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...