The European Union (EU) reflected that its partnership with Namibia has been stronger, as the two sides celebrated 35 years of diplomatic and economic relations. Speaking at a media engagement on Wednesday evening, EU ambassador to Namibia Ana Beatriz Martins said that the EU remains Namibia’s biggest trading partner and the largest single market for...
The global airlines industry is expected to achieve a combined total net profit of US$41 billion (about N$700 billion) next year, up from US$39.5 billion (just over N$674 billion) this year. This is according to the latest figures from the International Air Transport Association (IATA) that noted while the expected Net Profit would set a...
ABU DHABI – Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE’s boldest bet yet on technology it hopes will help transform its economy. Towering cranes clank as long, low buildings take shape below, the eventual home of data centres powered...
Key to the Paratus Group’s impressive expansion plan has been the addition of East Africa, and Martin Cox, chief commercial officer, who has spearheaded the group’s efforts to make it a reality. When Cox joined the Paratus Group in 2021, his principal mandate was to champion the group’s ambitious expansion across Africa. “I’m very proud...
MTC’s latest financial results have enabled it to pay a dividend of N$722 million, the largest amount the company has ever paid to shareholders. Moreover, the company is set to pay out a final ordinary dividend of N$467.1 million (62.28 cents per share) by 6 February 2026. With digital growth at the centre of its...
A specialised welding training workshop is scheduled to be held in Outapi, in the Omusati region, from 15 -19 December. The Nakayale Vocational Training Centre is scheduled to host the training. The programme expects to host 20 participants and equip them with basic welding skills to promote welding in the country. Welding is a cornerstone...
The Mineworkers Union of Namibia (MUN), through its investment arm, the Namibia Miners Investment Trust (Namit), in partnership with the Labour Resource and Research Institute (LaRRI), hosted its graduation ceremony in Windhoek, with 173 students attaining their Labour Law Certificates. MUN and Namit continue to invest in the empowerment and upskilling of its members through...
The Namibia Securities Exchange (NSX), in collaboration with the Bank of Namibia (BoN) and supervised by the Namibia Financial Institutions Supervisory Authority (Namfisa), on Thursday launched the Central Securities Depository Limited (CSD). The new CSD marks a step forward in modernising the country’s capital markets. For more than 10 years, old regulations prevented Namibia from...
Namibia’s annual inflation for November 2025 stood at 3.4%, with Zone 1 recording the lowest rate among the three price-collection zones, the Namibia Statistics Agency (NSA) has announced. Statistician General and NSA CEO Alex Shimuafeni said Zone 1, which covers Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa and Zambezi, recorded an annual...
ReconAfrica and its joint venture partners, the National Petroleum Corporation of Namibia (Namcor) and BW Energy, will, within the coming months, assess the production capacity and then the commercial viability of their oil and gas discovery in the Kavango region. That assessment will determine the next steps for the recent discovery that marks one of...