Rosh Pinah Zinc (RPZ) has secured US$150 million, about N$2.6 billion at current exchange rates, debt financing to fund its expansion project. Construction for the expansion is reported to be over 80% complete and remains on budget. The debt financing was facilitated by Appian Capital Advisory Limited, the majority shareholder of RPZ and an investment...
FRANKFURT – German business sentiment unexpectedly fell in September, a closely watched survey showed yesterday, in a setback for Chancellor Friedrich Merz as he tries to revive Europe’s top economy. The Ifo institute’s confidence barometer fell to 87.7 points, down from 88.9 in August, breaking a run of eight straight increases. Analysts polled by financial...
LONDON – Europe’s main stock markets retreated yesterday following gains in Asia and Wall Street losses, with focus on shares in technology giants and a warning from US Federal Reserve chief Jerome Powell on interest rates.Chinese tech firms stood out, with Alibaba shares rocketing after its chief executive said the e-commerce giant planned to ramp...
NEW YORK – On a bright September morning, employees stream through the turnstiles and vast lobby of Goldman Sachs’ headquarters in the sunlit Battery Park City neighbourhood of Manhattan.More than 9 000 people work at the investment bank’s New York head office.And hundreds of them depend on the H-1B skilled worker visa, recently targeted by...
The Walvis Bay Corridor Group (WBCG) has come a long way since it started in 2000. Back then, it handled no transit cargo. Today, the corridor carries nearly 2.5 million metric tonnes of cargo each year. This was shared by Andrew Kanime, chairperson of the WBCG Board, during the group’s 25th anniversary celebration. The event...
Against the backdrop of global markets influx, imagine an investor nervously scrolling through their phone, eyes darting over headlines filled with policy changes, geopolitical tensions, and consumer behaviour shifts. Each alert brings a fresh wave of anxiety with tariff shocks, diplomatic standoffs, and rapid technological change shaking confidence. Volatility has become the norm, and uncertainty...
Eleven years ago, Wentworth Shipanga saw a gap in his community and decided to turn his skills into a business. Today, his company, Comfort Zone Trading CC, is a growing enterprise that specialises in large-format printing, design and clothing products. Shipanga started his business in 2014 with a simple vision, to create a brand that...
Small and medium enterprises (SMEs) are often called the backbone of Namibia’s economy. They create jobs, support households, and drive innovation in local communities. Yet behind the statistics are thousands of entrepreneurs battling financial pressures, high operating costs, and regulatory hurdles. Namibia has an estimated 40 000 SMEs, which together contribute about 12% to the...
Namibia’s green hydrogen project is slowly coming to light, but experts say the industry is still risky and still in its early stage. Last week, Namibia officially opened Africa’s first large-scale solar-powered green hydrogen facility under Cleanergy Solutions Namibia. In April, President Netumbo Nandi-Ndaitwah inaugurated the first N$600-million HyIron Oshivela Green Hydrogen Plant. Economist Rowland...
FNB Namibia analysts have revised their inflation trajectory marginally lower, now predicting headline inflation to reach 3.5% year-on-year (y/y) by December 2025. This is slightly lower than FNB’s earlier projection of 3.7% and comes as the latest Consumer Price Index (CPI) shows that headline inflation slowed to 3.2% y/y in August 2025, from 3.5% in...