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...
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...
The mining sector, which is considered one of the most important pillars of the national economy, is expected to be affected by weak global demand. The Bank of Namibia (BoN) quarterly bulletin released last week, the domestic economy is expected to grow by 3.1%in 2024, and then expand by 3.9% in 2025. The projected growth...
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,...
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...
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...
NAIROBI – Kenya’s central bank trimmed Tuesday its main interest rate for the first time in four years, citing easing inflationary pressures as the government struggles to raise revenue and service its public debt following deadly protestors over tax hikes. The bank’s monetary policy committee (MPC) cut its main interest rate by a quarter percentage...
PARIS – Two health experts on Tuesday called for Olympic organisers to cut ties with Coca-Cola, saying the current big-money sponsorship deal allows the US company to “sportswash” unhealthy sugary drinks. Events at the Paris games have been lined with advertising for the ubiquitous fizzy drinks of Coca-Cola, which has been sponsoring the Olympics since...
Farmers Meat, a proud subsidiary of the Ohlthaver & List (O&L) Group, is delighted to announce the successful conclusion of its wage negotiations with the Namibia Food and Allied Workers Union (Nafau). The new established, one-year substantive agreement, effective from 1 July 2024 to 30 June 2025, underscores the company’s unwavering commitment to its employees...
Finance minister Iipumbu Shiimi said the government is now targeting multinational companies to ensure that tax avoidance is minimised. He said big companies in the country have been avoiding paying taxes for almost 15 years, with the excuse of making losses. A tax loss carry forward is a provision that allows businesses or individuals to...