The Osire Refugee Camp, home to approximately 5 000 people, is a vibrant community that has long faced significant challenges in accessing banking services. With more than 3 000 to 4 000 adult refugees who have never been banked by any financial institution in Namibia, despite some having IDs and passports, the need for accessible...
KIRUNA – Sweden’s indigenous Sami fear they will lose their livelihood and culture if plans go ahead to mine a large rare earths deposit located on their traditional reindeer grazing grounds in the far north. Rare earth elements are essential for the green transition, including electric vehicle battery production, and the large discovery made in...
VIENNA – The EU’s top court yesterday upheld the European Commission’s decision to give a sustainable finance label to investments in natural gas and nuclear power, dismissing a complaint by Austria. The European Commission in 2022 defied protests from green campaigners and dissent in its own ranks to give a sustainable finance label to investments...
Success in entrepreneurship begins with clarity, knowing what one seeks to offer, understanding the purpose behind it, and exercising sound financial management. This was said by Emilia Nghikembua, chief executive officer of the Communications Regulatory Authority of Namibia (Cran), at the authority’s inaugural Digital Transformation and Entrepreneurship Breakfast Session in Windhoek last week. Nghikembua emphasised...
WALVIS BAY- When Ivolene Van Reneen first stepped into the world of non-destructive testing (NDT) in 2009, she started out as a sales representative at RITC Namibia, then a small company servicing the maritime, oil and gas industries. Four years later, she took over as managing director, determined to grow the business against all odds....
With unemployment rate standing at 36.9%, many Namibians are turning to small businesses as a means of survival. President Netumbo Nandi-Ndaitwah last year said 15 000 micro, small, and medium enterprises (MSMEs) are registered in the country, contributing around 12% to the gross domestic product (GDP). Broader estimates suggest there are more than 40...
The Namibia Youth Energy Forum (NYEF) yesterday said it is set to launch a N$10 million fund to provide targeted support to young professionals. The fund has been designed to support professionals, youth-owned businesses and local SMEs operating in and around the energy sector, with a particular focus on oil and gas and emerging industries...
Bank Windhoek’s principal goal is to drive impactful change across Namibia to build resilience by funding key sectors such as renewable energy, sustainable water management, clean transportation and access to essential services. This is according to the bank’s managing director, James Chapman, who yesterday said the bank is making significant strides in promoting sustainable finance...
Imagine a scenario where you see an online video of a prominent authority announcing a shocking new policy. The footage looks authentic, the voice is uncannily accurate, and it has already gone viral, so you hit “share”. The catch? It is entirely fake, conjured up by artificial intelligence (AI) in minutes. As AI advances, it...
Once the complete potential of the country’s green hydrogen ambitions is fully realised, it is imperative that 99% of the domestic workforce within that industry comprises Namibians. This message was conveyed yesterday by Dino Ballotti, the Deputy Minister of Education, Innovation, Youth, Sport, Arts, and Culture, during the launch of Hyphen Hydrogen Energy’s Green Hydrogen...