Namibia’s economy, like much of the world, is in the middle of a transformation. While nominal gross domestic product rose to N$245.1 billion in 2024, the real growth rate slowed to 3.7%, down from 4.4% in the previous year. The slowdown has put a spotlight on Namibia’s heavy reliance on industries like diamond mining and...
David Adetona To encourage sustainable self-employment, the Khomas Regional Council’s Tobias Hainyeko Constituency Office recently handed over materials and equipment valued at N$277 000 to local business owners. The items received include upholstery, sewing, hair washing and welding machines; a chest freezer; a fridge; baking stoves; microwave ovens; cookware sets; an electric generator as well...
Leading Namibian property company, Oryx Properties, on Monday welcomed new participants to its comprehensive bursary and graduate programme, underscoring the company’s commitment to developing local talent in response to the property sector’s expanding opportunities. At a formal welcome ceremony in Windhoek, CEO Ben Jooste introduced bursary candidates Laurika Ashipala and Rauna Shagama, alongside graduate Panduleni...
The Namibia Airports Company (NAC) is participating in the 2025 AviaDev Africa Summit, taking place from today, 11 June to Friday, 13 June at the Golden Tulip Zanzibar Airport Hotel in Tanzania. AviaDev Africa 2025 provides an invaluable platform for Namibia to strengthen its aviation ties and support the national vision of a connected, accessible...
JOHANNESBURG – South Africa’s coal-dependent economy could lose billions in export revenue and thousands of jobs as more countries and companies seek carbon-free imports, the Net Zero Tracker watchdog said yesterday. Africa’s most industrialised nation is one of the largest polluters in the world. It generates about 80% of its electricity through coal. This makes...
Namibia’s National Blue Economy Policy is a comprehensive framework designed to harness the vast potential of its aquatic ecosystems for national prosperity. The policy is based on the pillars of environmental protection, sustainable production and social inclusivity. The policy aims to create a future where economic benefits from sectors like fisheries, marine transport, aquaculture and...
The Namibia Financial Institutions Supervisory Authority (Namfisa) has provided an update on its continued commitment to Corporate Social Responsibility and Investment (CSRI) and the positive impact it has had on various communities in Namibia. As part of Namfisa’s CSRI initiatives, the authority has prioritised N$447 239 in support of educational, cultural, and social programmes aimed...
The global copper market is increasingly facing more and more challenges that are resulting in increased smelting capacity in major copper-producing regions, which ultimately translates into substantial overcapacity. This phenomenon, exacerbated by the negative impacts of United States tariffs on demand, outweighs supply growth and has led to a shortage of copper concentrate, placing pressure...
The ExxonMobil Foundation, the primary philanthropic arm of Exxon Mobil Corporation in the United States, has renewed its agreement with Junior Achievement (JA) Africa for the second year of the ExxonMobil Foundation STEM Africa competition with an increased grant of US$385 000 (aout N$6.8 million). The programme aims to equip approximately 3 000 students across...
TOKYO – The global auto industry has been rocked by China’s decision to restrict exports of rare earth magnets that are crucial to making vehicles. With a near monopoly on the output of rare earth elements, Beijing is using them as a key weapon in its trade war with Washington. China accounts for more than...