Rather sluggish real gross domestic product (GDP) growth for Namibia during 2Q25 at 1.6% year-on-year (y/y) may not be the results expected. However, it may lay the foundations for more resilient, inclusive and sustainable expansion in the near-term. The latest domestic GDP figures indicate a slowdown from 2.8% y/y in 1Q25 and 3.3% y/y in...
The colossal N$270 million investment into the much-anticipated Goreangab Mall by homegrown Namibian developers, Oryx Properties Limited and Safland Property Group, is set to transform communities on the fringes of Katutura. The new mall, scheduled to open in May next year, is providing significant opportunities through construction labour, permanent jobs as well as access to...
Sustainable Power Solutions (SPS), in partnership with B2Gold Namibia, the Oelofse family and Fortitude, have commissioned Namibia’s first solar wheeling project under NamPower’s Modified Single Buyer (MSB) programme. The Maxwell Solar Plant represents a groundbreaking step in Namibia’s transition to renewable energy and serves as a model for future public-private power partnerships. The 10 MW...
Young Namibian innovators have introduced an innovative development for the domestic digital economy by introducing an online logistics platform designed to connect empty trucks with available loads. Called Londeka, the platform directly tackles one of the industry’s greatest challenges, namely empty trucks traveling long distances. Through the platform on www.londeka.com, truck drivers can receive cargo,...
HONG KONG – Gold hit another record yesterday, while equity markets were mixed as traders prepared for a possible US government shutdown that could affect the release of key economic data, though hopes for more Federal Reserve interest rate cuts provided support. A string of closely watched indicators has recently supported investor expectations that the...
Small businesses across Namibia are reaping new opportunities through the Ministry of Mines, Industries and Energy’s Equipment Aid Scheme, a government initiative designed to give micro, small and medium enterprises (MSMEs) the tools they need to grow, create jobs and drive economic development. The programme, first introduced in the 2009/2010 financial year under the leadership...
With just a laptop, internet connection, and determination, Frida Nandjala Katuta started LinguistIQ in 2023. Nearly two years later, her small business has grown into a trusted name for English tutoring, editing and language support, showing what passion and hard work can achieve. Katuta, who has a background in education and entrepreneurship, saw a clear...
FRANKFURT – Lufthansa said Monday it will cut 4 000 jobs, nearly 4% of the German airline giant’s workforce, after profits slumped in the face of mounting headwinds. Hit by walkouts, aircraft delivery delays and rising costs, Lufthansa’s earnings tumbled by a fifth in 2024 and profitability has fallen behind its leading European rivals. The...
TotalEnergies has signed an agreement with insurance vehicles and accounts managed by KKR, a leading global investment firm, for the sale of 50% of a 1.4 GW solar portfolio in North America. This transaction, which TotalEnergies said aligns with its renewables business model, values the portfolio at an enterprise value of US$1.25 billion. “Thanks to...
To accelerate Africa’s economic integration, close to half a billion Namibia Dollars (US$28 million) approved as initial capitalisation to transition the Intra-African Trade Fair (IATF) into an independent, permanent African institution is a positive step for the sustainability of this crucial entity. As unveiled at the recent Intra-African Trade Fair 2025 (IATF2025) in Algiers, IATF...