LONDON – Stocks rose and oil prices pulled back yesterday as fears of a wider Middle East conflict eased even as Israel and Iran pounded each other with missiles for a fourth day. The dollar and safe-haven gold declined slightly. “European shares were surprisingly resilient against a backdrop of uncertainty,” said Russ Mould, investment director...
Government, through finance minister Ericah Shafudah, has reiterated it is not considering any drastic expenditure cuts. She said such cuts would have severe and lasting implications on the livelihood of society, as most of the expenditure goes to social spending. Instead, government is implementing policy and structural reforms in the long term to place the...
ALMATY – Russian nuclear energy giant Rosatom will lead the construction of the first atomic power plant in Kazakhstan, the world’s top uranium producer, the Central Asian country’s authorities said on Saturday.“Rosatom has been named as the leader of the international consortium for the construction of the first nuclear power plant in Kazakhstan,” the former...
The Retirement Fund for Local Authorities and Utility Services (RFLAUN) reminds all pensioners to submit their Certificate of Existence Forms to ensure uninterrupted pension payments. Established in 1992 under the Pension Funds Act No. 24 of 1956, RFLAUN is committed to the socio-economic upliftment of current and former employees of participating local authorities and associated...
FNB analysts expect inflation to ease further to 3.3% year-on-year (y/y) in June, supported by favourable fuel base effects and muted utility inflation following NamPower’s lower-than-expected 3.8% tariff increase. This outlook is contained in FNB’s Namibia’s CPI Review for May 2025, by its economist Helena Mboti. “With core inflation remaining elevated, we maintain our view...
Government has allocated over N$140 million to increase national electricity access from the current rate of just under 60% to at least 70% by 2030. This is to be accomplished by electrifying over 200 000 additional households in rural and peri-urban areas during the next five years. This ambitious but achievable target was announced on...
As Africa embarks on a remarkable journey of industrialisation and economic integration, Mozambique is rapidly establishing itself as a vital gateway for global trade and investment. In response to this, the inaugural Africa Ports, Logistics and Infrastructure Summit, officially endorsed by the Ministry of Transport and Logistics of Mozambique, is scheduled to take place on...
To accommodate and in recognition of government’s historic hosting of the Commonwealth Business Summit, the Namibia Local Content Conference and Exhibition (NLCC) 2025 will be rescheduled from 7 to 9 October 2025 at The Dome, Swakopmund. This strategic adjustment ensures a cohesive national focus and enables full institutional support for both platforms, each contributing meaningfully to...
CHANGSHA – The fourth China-Africa Economic and Trade Expo opened yesterday in the central Chinese city of Changsha, highlighting the commitment of the world’s largest developing country to strengthening ties with Africa, the continent with the largest number of developing nations. Nearly 4 700 Chinese and African companies as well as over 30 000 participants...
Sub-Saharan Africa ranks sixth in terms of the global gender gap, with a current score of 68% according to the World Economic Forum (WEF). In its latest Global Gender Gap Report 2025, released this week, the WEF notes Sub-Saharan Africa displays wide variation across countries, but its success stories demonstrate that progress is possible in...