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Boosting Namibia’s anti-money laundering efforts
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Boosting Namibia’s anti-money laundering efforts

Greylist exit… The Namibian government has formally requested technical assistance from the European Union Global Facility on Anti-Money Laundering and Countering the Financing of Terrorism (EU AML/CFT Global Facility) to enhance its compliance with international standards on beneficial ownership reporting. The EU Global Facility on Monday kicked off a scoping mission workshop aimed at outlining...

Parliament wants Fima preservation regulations tabled
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Parliament wants Fima preservation regulations tabled

George Sanzila Parliament has recommended that the Minister of Finance and Public Enterprises, Iipumbu Shiimi, put on hold the controversial clause relating to the preservation of retirement benefits in the new Financial Institutions and Markets Act, Act No 2 of 2021. They also suggested that the regulations concerned be tabled in parliament for approval before...

NTB crowned best exhibitor at Zambezi Bream Festival
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NTB crowned best exhibitor at Zambezi Bream Festival

The Namibia Tourism Board scooped the Overall Best Exhibitor award in the corporate category of the Zambezi Bream Festival and Cultural Expo, held from 4 to 10 August in Katima Mulilo. The achievement shows its commitment to promoting the rich culture and natural beauty of Namibia, and that region specifically. The festival, which celebrated the...

Telecom, Napwu strengthen partnership
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Telecom, Napwu strengthen partnership

Telecom Namibia and the Namibia Public Workers Union (Napwu) formalised a new era of cooperation by signing a recognition and procedural agreement.  The agreement, replacing a 25-year-old predecessor, establishes a modern framework for labour relations that aligns with the amendments in the Labour Act, and the evolving needs of both parties. The signing ceremony, held...

Daures green village production to flow in Q4
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Daures green village production to flow in Q4

Jerome Namaseb, the consortium CEO of the multi-million-dollar Daures green hydrogen project anticipates production to begin during the fourth quarter of this year. Namibia’s green hydrogen revolution is getting closer to reality, although many Namibians are yet to believe this is a true development of the concept of green hydrogen.  This puts Namibia’s investments and...

Equity markets struggle
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Equity markets struggle

HONG KONG – Most stock markets fell yesterday after a sell-off on Wall Street, with analysts warning the volatility that has roiled markets this week still has some time to run as traders fret over the global economy. Data showing last Friday that fewer US jobs than expected were created in July continues to reverberate,...

 Mining Expo breaks records 
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 Mining Expo breaks records 

The 11th Mining Expo and Conference, which concluded yesterday, has garnered remarkable support from exhibitors, breaking all previous records. This year, 199 exhibitors occupied 317 booths, up from 162 exhibitors and 268 booths at the preceding show in 2023. This represents a 22.8% increase in exhibitors, and an 18.3% increase in booth utilisation. During the...

Oil refinery talks grow on Alweendo
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Oil refinery talks grow on Alweendo

Energy minister Tom Alweendo recently discussed an array of issues under his purview while reflecting on the Namibian International Energy Conference held earlier this year. The conference was seen as an excellent setting to celebrate the work being done to grow the country’s energy industry. It is a private sector-led event that brings stakeholders together...