A notable acceleration in corporate credit uptake has resulted in domestic private sector credit extension (PSCE) growing by 5% year-on-year (y/y) in March 2025, up from the 3.9% y/y recorded in February. This marks the strongest pace of credit expansion in five years. Corporate credit constitutes approximately 50% of total domestic credit extended. This increased...
SAN FRANCISCO – OpenAI CEO Sam Altman on Monday said the company behind ChatGPT would continue to be run as a non-profit, as it abandoned a highly-contested plan to turn into a for-profit organisation.The issue had become a serious point of contention for the artificial intelligence trailblazer, with major investors demanding the change to better...
Namibia’s ambitious green hydrogen project in the heart of the Dorob National Park, the Daures Green Hydrogen Village, aims to boost the domestic economy and contribute to the global green fertiliser market by exporting an anticipated 352 000 tonnes of fertiliser by next year. Meanwhile, the project’s hydrogen output has notably increased compared to its...
As of the beginning of this month, South African Airways (SAA) commenced with a third daily flight connecting Johannesburg to Windhoek, up from the two daily flights previously offered. Air Connect Namibia (ACN) welcomed the additional daily flight between Johannesburg and Windhoek to enhance travel options and support the growing demand for regional air travel. ...
The Ohlthaver & List (O&L) Group has officially been certified as a Great Place to Work (GPTW) for 2025/26. In a statement, the group noted this is a remarkable achievement that stands as a testament to the authentic, caring and passionate spirit which serves as the ethos of the group. Following the completion of the...
The domestic economy maintained a positive growth trajectory during the first quarter of 2025. This was largely supported by strong performance in the mining sector, particularly uranium, gold and zinc as well as notable gains in construction, wholesale and retail trade, communication and tourism. Based on these figures, the central bank expects the domestic economy...
Oil prices slumped yesterday after OPEC+ countries announced a sharp production increase despite oversupply concerns and growing fears that US president Donald Trump’s trade war could weaken demand. Saudi Arabia, Russia and six other members of the oil cartel announced over the weekend an output increase of 411 000 barrels a day for June, a...
DAURES – The state-of-the-art Daures Green Hydrogen Village (DGHV), a world-first, is advancing Namibia’s green hydrogen agenda and positioning the country as a future leader in ammonia and green fertiliser production for global energy and agriculture. In its pilot phase, the project aims to produce 180 tonnes of hydrogen and 100 tonnes of green ammonia...
SWAKOPMUND – Urgent action is needed to improve offshore safety in Namibia’s growing oil and gas sector as any lapse in health, safety and environmental standards could derail the country’s energy ambitions. This was the view of Erongo governor Neville Andre at the opening of the inaugural Offshore Safety Conference, which concluded on Friday in...
The Business and Intellectual Property Authority (BIPA) has announced that it has begun deregistering businesses which are not in compliance with the statutory beneficial ownership (BO) disclosure requirements. A statement released by BIPA on Friday said the obligation of the Beneficial Ownership Declaration was established through amendments to the Companies Act of 2004 and the...