Bank of Namibia (BoN) governor Johannes !Gawaxab this week highlighted the emergence of a new world order. He said it is defined by evolving geopolitical developments, intensified trade tensions and rapid technological advancement. He noted that these new global dynamics are challenging traditional frameworks around globalisation, multilateralism and market openness. He called for enhanced institutional...
Rössing Uranium, a veteran of the domestic mining sector, this week reported that 2024 was a year of robust financial performance. The mine achieved a net profit after tax from normal operations of over N$1 billion. This result was accomplished despite a challenging and unstable global uranium market and a 9% decline in revenue to...
WASHINGTON – Donald Trump yesterday said it was “extremely hard” to reach a deal with Chinese leader Xi Jinping, but the European Union (eu) touted progress in its own trade talks with Washington even though the United States (US) president doubled global metal tariffs. Trump’s latest trade moves came as ministers from Organisation for Economic...
“Bro, I’m lagging bro”, is not what gamers using Telecom Namibia’s internet services will be saying to each other while the West Africa Cable System (WACS) undergoes essential maintenance from 1 to 12 June 2025. The maintenance work is being carried out on the essential maintenance of the high-capacity broadband undersea internet cable system linking...
In a landmark event this week, the Namibia Institute of Pathology Limited (NIP) unveiled a state-of-the-art innovation hub for laboratory consumables in Swakopmund’s New Industrial Area. This development marks a transformative leap toward Namibia’s healthcare self-reliance and industrial innovation. The facility, inaugurated by Dr Vaino Shivute, NIP board deputy chairperson, positions Namibia as a regional...
In a pivotal step towards accelerating Namibia’s digital transformation, Audrin Mathe, executive director in the information and communication technology ministry (MICT), recently led a high-level delegation to Telecom Namibia’s head office. The delegation was welcomed by Stanley Shanapinda, CEO of Telecom Namibia, and his executive committee. The visit reaffirmed a shared commitment to advancing the...
Fully benefitting from any substantial oil discoveries made off the Namibian coast will entail refining the extracted raw material. This means transforming raw crude oil into usable products, such as petrol, diesel or jet fuel. It is achieved by separating and modifying the various components. Refining oil is a crucial step for the petroleum industry...
The Capricorn Foundation reaffirmed its commitment to address malnutrition and hunger in Namibia through a partnership with the Gondwana Meal4Two Programme. It committed N$600 000 for nutritional meals support across the country and N$1.4 million towards Genesis Namibia to address malnutrition in the Omaheke region. According to the UN World Food Programme, Namibia is experiencing...
A decrease in global diesel prices last month due to a combination of oversupply fears and trade tensions will see Namibians paying less at the fuel pumps during June. Global economic uncertainty, aggravated by Trump Always Chickens Out (TACO) policies, has contributed to weakened demand which could potentially surge if OPEC+ follows through to increase...
Cargo handled by the Namibian Ports Authority (Namport) at the ports of Walvis Bay and Lüderitz increased by almost 5% to over 8 million tonnes for the financial year ended 31 March 2025. This throughput of 8.42 million tonnes is up from 8.03 million tonnes handled during the previous financial year. In a media statement...