NEW YORK – US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow yesterday, including an intention to raise up to US$25 billion, as it navigates recurrent production problems and a major US strike. In a regulatory filing, the aviation giant indicated plans to raise the funds by selling stock and debt. It...
As I reflect on our journey towards Vision 2029, I am filled with pride in the Ohlthaver & List (O&) Group and the team that drives us forward. Vision 2029 is more than a strategic blueprint. It is a deeply-rooted commitment to building a sustainable, profitable and people-centred future. At the core of this vision...
Trustco Group Holdings plan to acquire an additional 11.35% stake in Legal Shield Holdings, expected to be completed by the end of this year. In a media statement issued this week, Trustco stated the proposed transaction, valued at close to half-a-billion Namibia dollars, will increase its stake in the legal insurance entity to over 91%. ...
The Government Institutions Pension Fund (GIPF) last week launched the Biometric Verification Mobile Application and Biometric Verification handheld devices in Okandjira, Ovitoto in the Otjozondjupa region. In a media statement, the fund noted that it strives to achieve service excellence for an exceptional stakeholder experience and interaction, solidifying its commitment to positively transform operations and...
The sub-contractors of the Maerua Mall development project last week hosted a roof-wetting event, bringing together sub-contractors, the main contractor Afrideca, the professional team, and client Oryx Properties. Heinrich Mohrmann, owner of AGA Cooling, shared: “While the roof isn’t fully complete, we felt it important to celebrate the progress so far, express gratitude to the...
Air Connect Namibia has provided an update on the imminent routes into Windhoek‘s Hosea Kutako International Airport that have seen a delay in Air Botswana’s connection between Gaborone and Windhoek. Meanwhile, FlySafair and South African Airways (SAA) are on course to offer more connections on 22 and 27 October, respectively. In September 2024, Air Connect Namibia...
Namibia University of Science and Technology (NUST) management and the representative union’s salary negotiations ended on a high note. After months of negotiations between the university’s management and the Namibia Public Workers Union (Napwu), as well as the Teachers’ Union of Namibia (TUN), the parties have agreed to increase staff salaries. The university, together with...
Rudolf Gaiseb The recent eighth information and communication technology summit that took place in the capital last month, accentuated a critical introspection of the incorporation of artificial intelligence (AI) in various facets of Namibian society, including in businesses of all sizes and the domestic economy in general. The ongoing AI debate summoned thought leaders, including...
RMB Namibia has entered a partnership with Yellowstone Trails which will run for three years and will see RMB become the official naming sponsor of the RMB Yellowstone Trails. “Along with a broader social commitment, RMB is a staunch supporter of family and family-oriented events (which RMB Yellowstone Trails offers); it believes in healthy bodies...
The Ohlthaver & List Group (O&L) has rebranded Dimension Data Namibia to Mach 10, marking a significant milestone in the Namibian information communication technology landscape. According to the group, the 100% acquisition of Dimension Data Namibia by O&L and the birth of Mach 10 signals not just a change in name but also a bold...