The Electricity Control Board (ECB) has announced the 9th edition of the Namibia Electricity Supply Industry (ESI) Forum, set for 24 October 2024 at Otjiwarongo in the Otjozondjupa region. This year’s forum, which follows a successful event held in Oshakati in 2022, is poised to gather key stakeholders from across the electricity sector. The event...
On 1 January 2025 the national minimum wage (NMW) for all Namibians, except domestic and agricultural workers, will be N$18 per hour, meaning wages of workers currently earning less than N$18 must be adjusted to at least that amount. Meanwhile, the minimum wages for domestic and agriculture workers will be increased gradually over a three-year...
In the face of a serious illness, the immediate focus often centres on medical treatment and recovery. However, the financial challenges that accompany a health crisis can be just as daunting. While medical aids provide essential support for diagnosis and treatment, they often leave gaps that can lead to significant financial strain. This is where...
SEOUL – Eleven countries, including South Korea, the United States and Japan, will launch a new joint mechanism to monitor North Korea sanctions’ violations, Seoul’s foreign ministry said yesterday. The decision follows Russia’s decision to veto the renewal of a panel of United Nations’ (UN) experts monitoring international sanctions on North Korea in March, effectively...
The Namibia Airports Company (NAC)’s recently-concluded annual general meeting marked a significant achievement for the company in that it is now up-to-date and fully-compliant with the submission of its audited annual financial statements (AFS). The recent AGM, held at the end of September, was chaired by NAC board chairperson Leake Hangala, who announced the company...
The central bank’s Monetary Policy Committee (MPC) yesterday provided more relief to Namibian consumers when it reduced the repo rate for the second consecutive quarter, this time by 25 basis points from 7.50% to 7.25%. This decision is expected to provide much-needed relief to domestic consumers who have been languishing in a high-interestrate environment for...
NEW YORK – US aircraft manufacturer Boeing unveiled measures meant to replenish its cash flow yesterday, including an intention to raise up to US$25 billion, as it navigates recurrent production problems and a major US strike. In a regulatory filing, the aviation giant indicated plans to raise the funds by selling stock and debt. It...
As I reflect on our journey towards Vision 2029, I am filled with pride in the Ohlthaver & List (O&) Group and the team that drives us forward. Vision 2029 is more than a strategic blueprint. It is a deeply-rooted commitment to building a sustainable, profitable and people-centred future. At the core of this vision...
Trustco Group Holdings plan to acquire an additional 11.35% stake in Legal Shield Holdings, expected to be completed by the end of this year. In a media statement issued this week, Trustco stated the proposed transaction, valued at close to half-a-billion Namibia dollars, will increase its stake in the legal insurance entity to over 91%. ...
The Government Institutions Pension Fund (GIPF) last week launched the Biometric Verification Mobile Application and Biometric Verification handheld devices in Okandjira, Ovitoto in the Otjozondjupa region. In a media statement, the fund noted that it strives to achieve service excellence for an exceptional stakeholder experience and interaction, solidifying its commitment to positively transform operations and...