National rail and freight operator TransNamib has been given the green light to upgrade its outdated locomotive fleet. This is after the historically financially-beleaguered transportation parastatal this week stated it successfully adhered to conditions for access to N$2.6 billion in secured funding. It is hoped this significant financial boost, acquired from the Development Bank of...
The European Union wants to help Namibia get off the greylist to ultimately support the country in strengthening an effective framework to fight money-laundering and all forms of organised crime. On Monday, the EU commenced with a week-long, tailor-made training workshop for relevant Namibian officials. These officials deal with financial intelligence analysis, investigations and prosecution...
Chris Movirongo Climate change is one of the greatest challenges facing the global community, but it also presents a once- in-a-lifetime opportunity for significant economic growth and expansion. For countries like Namibia, the climate emergency presents a chance to take control of its future energy needs and secure economic prosperi,ty. As well as being an...
HONG KONG – The euro slipped yesterday, but eurozone stock markets edged up after early losses following snap French elections in which a hung parliament appeared the likeliest outcome. In France, the left was set to emerge as the biggest group in a new parliament, beating out a resurgent far-right in a vote called by...
South African businessman and founder of Bathu Shoes Theo Baloyi has said for a very long time, Africans have been consuming brands that are not from the continent. It is about time that narrative changes. The entrepreneur, who launched his shoe (sneaker) brand in 2015, said changing the habit of consuming products from elsewhere and...
Stanlib Namibia last week hosted their annual STANLIB Namibia InPerspective Roadshow, where a team of experts unpacked key investing themes and their implications for economies around the globe. They also explained the long-term perspective for investments, and discussed portfolio construction. Kevin Lings, Stanlib chief economist, gave a macro-economic update. He highlighted some facts about world...
Hellen Amupolo John Steytler In June, I had the pleasure to being part of a panel discussion, organised during the African Hospitality Investment Forum (AHIF) in Windhoek. My fellow panellists were experts in hospitality and finance, bringing different perspectives and opinions to the fore when it comes to investing in the tourism and hospitality sector. ...
An investigation by the Namibia Competition Commission (NaCC) has concluded that the Namibian Broadcasting Corporation (NBC) infringed on certain parts of the Competition Act by limiting or restricting market outlets or market access. However, despite NBC transgressing on Section 26(1), read with Section 26(2)(b) of the Competition Act, based on NBC’s unilateral conduct to remove...
President Mokgweetsi Masisi of Botswana has called for urgent action to address pending matters to speed up the implementation of the Trans-Kalahari Railway line link. During a three-day state visit to Namibia last week, he said the project must be fast-tracked as both countries are losing on its potential of the project. “It is imperative that...
WASHINGTON – Members of the US Federal Reserve’s rate-setting committee said last month that the bank’s employment and inflation goals were moving into “better balance,” with some calling for “patience” on interest rate cuts, according to minutes of the meeting published Wednesday. The US central bank has held interest rates at a two-decade high for...