Air travel growth in Africa is projected to hit 6% in 2026, exceeding the global average anticipated at 4.9%, slightly above the 5.2% expected this year. However, despite outshining the rest of the world in terms of air travel growth, the African aviation industry’s profit margins of 1.3% still lack the lustre as African airlines...
Out of total US$1.2 billion of global aviation industry funds blocked by governments, 93% of the capital is trapped in Africa and Middle East (AME) countries. In fact, 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, amounting to US$1.08 billion. The AME region total blocked...
Namibia Revenue Agency (NamRA) Commissioner Sam Shivute has urged small online importers to work closely with the agency, saying trade is the “engine of economic growth” and a key driver of business development in the country. Shivute was speaking during a stakeholder engagement session in Windhoek with “Order with Me” operators, small businesses that help...
The new Minister of Industries, Mines and Energy, Modestus Amutse, during his introduction to the ministry staff on Monday, has called for stronger action to expand renewable energy and improve responsibility in the mining sector. “The country must increase its use of clean energy, especially solar power. Why has the nation not yet built more...
The European Union (EU) reflected that its partnership with Namibia has been stronger, as the two sides celebrated 35 years of diplomatic and economic relations. Speaking at a media engagement on Wednesday evening, EU ambassador to Namibia Ana Beatriz Martins said that the EU remains Namibia’s biggest trading partner and the largest single market for...
The global airlines industry is expected to achieve a combined total net profit of US$41 billion (about N$700 billion) next year, up from US$39.5 billion (just over N$674 billion) this year. This is according to the latest figures from the International Air Transport Association (IATA) that noted while the expected Net Profit would set a...
ABU DHABI – Deep in the Abu Dhabi desert, a vast AI campus a quarter the size of Paris is starting to emerge, the oil-rich UAE’s boldest bet yet on technology it hopes will help transform its economy. Towering cranes clank as long, low buildings take shape below, the eventual home of data centres powered...
A specialised welding training workshop is scheduled to be held in Outapi, in the Omusati region, from 15 -19 December. The Nakayale Vocational Training Centre is scheduled to host the training. The programme expects to host 20 participants and equip them with basic welding skills to promote welding in the country. Welding is a cornerstone...
The Mineworkers Union of Namibia (MUN), through its investment arm, the Namibia Miners Investment Trust (Namit), in partnership with the Labour Resource and Research Institute (LaRRI), hosted its graduation ceremony in Windhoek, with 173 students attaining their Labour Law Certificates. MUN and Namit continue to invest in the empowerment and upskilling of its members through...
Key to the Paratus Group’s impressive expansion plan has been the addition of East Africa, and Martin Cox, chief commercial officer, who has spearheaded the group’s efforts to make it a reality. When Cox joined the Paratus Group in 2021, his principal mandate was to champion the group’s ambitious expansion across Africa. “I’m very proud...