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...
The Business and Intellectual Property Authority (Bipa) will soon move its head office in Windhoek to a new home. From 1 July 2025, Bipa will be operating from 172 Jan Jonker Road, Ausspanplatz, the former SME Bank building, in a move that signals a bold step forward in how the authority serves clients and the...
The Bank of Namibia (BoN) and the University of Namibia (Unam) have renewed their focus on joint research that directly engages domestic developmental challenges. In a renewed Research Cooperation Agreement signed last week, the two national institutions aligned their academic and research cooperation with national policy frameworks including Vision 2030 and the National Development Plans,...
National accounts are key macroeconomic statistics that help understand how an economy functions. They support economic planning, analysis, and international comparisons by detailing transactions among economic agents and with the rest of the world. These accounts follow the System of National Accounts (SNA), an internationally agreed framework that provides standardised concepts, definitions, and rules to...
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...