Capricorn Group Limited’s annual results for the year ended 30 June 2025 indicate year-on-year growth of 14.8% in profit after tax, from N$1.74 billion at the end of the 2024 financial year to N$1.99 billion, quickly approaching the N$2 billion mark. With a final ordinary dividend of 74 cents per share, together with an interim...
One of the key objectives of the Forum of German-Speaking Namibians, which was formed in April 2021, is to promote Namibia as an attractive business location and to, if necessary, act as mediator between local and foreign enterprises and institutions. In this regard, the forum will host an open and solution-driven discussion on these issues...
A new entrant into Namibia’s fuel landscape is set to become one of the first locally owned major oil marketing companies (OMCs) in the country. Pending regulatory approval, a landmark decision could elevate Nasan Energies Namibia to become a leading player in the country’s retail fuel market, thereby restructuring an industry historically dominated by multinationals. ...
Debmarine Namibia on Monday unveiled two new 800NB crawlers and an upgraded recovery system for the MV Benguela Gem, marking a major upgrade in offshore diamond recovery technology. The 370-tonne crawlers are designed for tougher seabed conditions and will increase mining rates by 20% while extending pump life by 30%. They are expected to add...
The Environmental Investment Fund of Namibia (EIF) is on the brink of a breakthrough, as its proposal to establish the country’s first Green Industrial Zone has advanced to the final approval stage for a substantial €25 million, approximately N$625 million grant under the Mitigation Action Facility (MAF). According to a statement issued by EIF’s Chief...
Deputy Prime Minister and Minister of Industries, Mines and Energy Natangwe Ithete has clarified government’s position on the proposed African Sustainable Industrialisation Institute (ASII) that has been suggested to help African governments and businesses identify and leverage opportunities in green industrialisation. The proposal came to the fore during the recent Global African Hydrogen Summit took place in...
LONDON – Stock markets and the dollar steadied yesterday as investors expected the US Federal Reserve to cut interest rates to shore up the world’s biggest economy. Traders took a breather from the global rally that lifted several equity indexes to record highs over recent weeks, as they anticipate the Fed decision and post-meeting comments...
To address aviation challenges head-on, Ethiopian Airlines and SITA, the air transport industry’s tech engine, signed a new Memorandum of Understanding (MoU) to co-develop innovative solutions that strengthen the airline’s operations and enhance the passenger experience. SITA is a multinational information technology company providing IT and telecommunication services to the air transport industry. The collaboration...
What started as a childhood passion for teaching has grown into a community lifeline for children in Buitepos. At only 10 years old, Promise Mazila was already teaching other children at school. By 15, she had founded the Clovers Club in 2004, a group aimed at helping young children focus on their schoolwork, stay away...
Hilma Nalupe What began as a small backyard operation in Windhoek has grown into a successful business. Boerseep, a traditional soap brand founded by local entrepreneur Martha April during the height of the Covid-19 pandemic, is now available on shelves across the country. Using a time-honoured recipe consisting of just three ingredients – animal fat,...