An action plan by Namibia’s Financial Intelligence Centre (FIC) addressed 13 strategic deficiencies related to the ineffectiveness of the country’s antimoney laundering (AML), counterterrorism financing frameworks (CFT) and Countering Proliferation Financing (CPF). These deficiencies have to be remedied within various set timelines, which expire in May 2026. This is according to Bryan Eiseb, director of...
ROSH PINAH – NamPower recently made history by breaking ground for the biggest solar power plant ever to be constructed in the country, constituting an investment of N$1.6 billion. The historic groundbreaking ceremony took place last week for the 100 MV Sores IGaib, outside the southern town of Rosh Pinah, for the solar power station....
NIAMEY – Niger’s ruling military junta on Thursday announced that it was nationalising a unit of French uranium company Orano, the latest step in a deepening rift between Paris and Niamey. Orano had already lost operational control of its Niger-based subsidiary Somair last year. “Faced with the irresponsible, illegal and disloyal behaviour of Orano, a...
The Government of the Republic of Namibia, guided by the Swapo Party manifesto, has identified nuclear energy as a strategic priority. This initiative aims to diversify the national energy mix, enhance energy security and support long-term sustainability. Namibia currently imports more than half of its electricity, despite having abundant solar and wind resources. However, the...
Old Mutual Namibia, through the Old Mutual Investment Group (OMIGNAM), last week expanded its investment horizon with the unveiling of the World Wide Equity Fund. This fund represents more than diversification, it symbolises Old Mutual Namibia’s ambition to give Namibian investors a credible and convenient pathway to global markets, while remaining rooted in the strength...
The Commonwealth could unlock nearly US$1.2 trillion in additional trade by 2026 by adopting electronic transferable records and enacting comprehensive legal reforms. This, said Ministry of Information Communication and Technology (MICT) executive director Audrin Mathe, is according to new analysis that experts say could transform the economic future of all the 54 Commonwealth member states....
Acacia-Composites Manufacturers, the African continent’s only wood-plastic composite (WPC) manufacturer, has been exhibiting at WoodEX for Africa 2025. The event started on Wednesday and concludes today at the Gallagher Convention Centre in Johannesburg. Acacia-Composites Manufacturers is turning heads not only with their premium decking and cladding solutions, but also with their sustainably designed exhibition booth,...
Samuel Linyondi Since strategic communication is a specialised approach to distributing and receiving information, the skill is similar to social interaction. The function is about communicating the best message through the correct channels to the right people at the right time. Feedback from this process is used to stay focused on company goals and stakeholders. ...
The European Commission (EC) last week designated Namibia as a high-risk jurisdiction for antimoney laundering (AML) and counterterrorism financing frameworks (CFT). The EC updated the European Union (EU) list of high-risk jurisdictions and placed Namibia in high-risk jurisdictions such as Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Nepal and Venezuela. The EC’s decision is...
Not capitalising on its abundant uranium resources to generate nuclear power sooner than later will deprive Namibia of a reliable energy source which will result in missed economic and job creation opportunities. This is according to Set-son Shifidi, a Namibian energy engineer. He said taking early action will help Namibia meet its future energy needs,...