Business

WINDHOEK – One of the global leaders in aeronautics and space-related services, Airbus, last week held its annual African airlines business lab symposium in Zanzibar, bringing together airline industry experts and managers from carriers across the region, to position their businesses to take advantage of the rapidly expanding African market.

WINDHOEK - Without sufficient and affordable supply of electricity, crucial economic contributors, such as the mining sector, will not be able to operate optimally. For instance, of the more than 4 000 gigawatt hours (GWh) the country consumed in 2018, a significant portion, or just over 1 400 GWh, was consumed by the mining sector.  

WINDHOEK – Namibia’s overall rental prices per square meter have increased steadily year after year despite the fact that the sizes of properties rented have continued to decrease across the country.

WINDHOEK - FNB Namibia has introduced an additional safety measurement, called Online Secure, which requires customers to enter a One Time Pin (OTP) as confirmation that an online transaction is valid and verified by the card holder. 

WINDHOEK - After awarding a tender for the construction of a new fire station, the Mariental Municipality is reviewing the allocation following an objection by another company that submitted a bid which was lower by close to N$90 000.

WINDHOEK – The Capricorn Group hosted an Investor Relations and Integrated Reporting workshop yesterday, in partnership with Greymatter & Finch.

WINDHOEK – Namibia has yet to sign up to the African Union’s Single Africa Air Transport Market (SAATM) project, after 28 countries on the continent have already signed up. According to the International Air Transport Association (IATA), a single air transport market for the continent, if implemented, gives Africa the potential for economic transformation and the association has urged the remaining 27 countries to follow suit. 

Media undeniably depend on technology, but technology is one segment of media and Namibia is slowly and surely embracing digital media compare to the past 15 years. This is technological development, one of the driving forces of economy and plays a weighty role in the communication for development.

WINDHOEK - Huawei Namibia yesterday rewarded the five top performing information technology students at the Namibia University of Science and Technology (Nust). The five students, Thomas Shigwedha, Carlos Sibalatani, Hainana Oletu, Jackson Vatileni and Pelema Abraham each received a 4G router and a custom diary from Huawei. 

WINDHOEK – African airlines continue to struggle to turn a profit and as such airlines on the continent on average lose US$1.55 (almost N$22) for every passenger carried. This is in stark contrast to the rest of the global airline industry that has recorded an average profit per passenger of US$7.45 (about N$105) showing that air transport can indeed yield a return greater than cost of capital.