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TOKYO – Japan’s Nissan posted an annual net loss of US$4.5 billion on Tuesday while saying it plans to cut 15% of its global workforce and warned about the possible impact of US tariffs. The heavily indebted carmaker, whose mooted merger with Honda collapsed this year, is slashing production as part of its expensive business...
For years, building wealth in Namibia appeared to be the preserve of a lucky few, high-paid professionals, successful business persons, or those with wealth passed down from generations. Traditional investment vehicles like housing, shares, and pension assets have been the cornerstones of building wealth, yet they are often beyond the financial reach of ordinary citizens....
Creative Namibian craft entrepreneurs from the Khomas and Zambezi regions have taken exciting steps to grow their businesses and sharpen their skills through a European Union (EU) funded workshop under the EU-Namibia Craft Project. The initiative is supported by the Cultural Relations Platform. The training, which took place between April and May, focused on practical...
NEW YORK – Boeing commercial plane deliveries rose slightly in April despite a hit from the United States’ (US) trade war with China, according to figures released Tuesday. The American aviation giant delivered 45 commercial aircraft, up from 41 in March, the data showed. Yet, only two planes went to Chinese customers during the month,...
The Namibia Youth Energy Forum (NYEF) has formed a strategic partnership with a global company, Atlas Professionals, to roll out an offshore training programme for the youth. This programme, called the Greenhand Programme, has been successfully implemented in other countries, including Aberdeen in the United Kingdom, Brazil, and is currently underway in Suriname. Following these...
Namibia’s trade balance worsened in March 2025, recording a deficit of N$2.7 billion, according to the latest Merchandise Trade Statistics Bulletin released by the Namibia Statistics Agency (NSA). This marks a deterioration from the N$2.0 billion deficit recorded in February, though it reflects an improvement from the N$4.6 billion shortfall registered in March 2024. Releasing...
Niita Evaristus In a world where 70% of medical decisions hinge on pathology testing, the Namibia Institute of Pathology Limited (NIP) stands as the unshakeable backbone of the nation’s healthcare system. From determining HIV viral loads to detecting drug-resistant tuberculosis strains, NIP’s precision directly shapes patient outcomes. As CEO, Kapena Tjombonde during Laboratory Professionals...
The Southern African Customs Union (Sacu) says it is ready to engage the United States of America (USA) to find an amicable solution to trade concerns. Part of a possible solution touted by Sacu urges the USA to contemplate observing differential treatment, specifically to consider exempting least – developed countries (LDCs) and African Growth and...
GENEVA – The United States and China yesterday announced an agreement to drastically reduce tit-for-tat tariffs for 90 days, de-escalating a trade war that has roiled financial markets and raised fears of a global economic downturn. After their first talks since US president Donald Trump launched his trade war, the world’s two biggest economies agreed...
Namibia’s economy recorded an increase in currency circulation in 2024, rising by 6.9% to N$5.6 billion, up from N$5.2 billion the previous year, according to Bank of Namibia governor Johannes ǃGawaxab. He said this during the official unveiling of the newly modified N$50 banknote in Windhoek yesterday. “The growth reflects both economic expansion and public...