SWAKOPMUND – The Ministry of Industries, Mines and Energy (MIME) has embarked on a crucial four-day strategic retreat in Swakopmund. It is aimed at defining its direction for the next six years, and reinforcing its commitment to national development. The retreat is focused on crafting MIME’s 2025/26–2030/31 strategic plan and the annual plan for 2025/26,...
Domestic inflation is expected to remain elevated but relatively contained. In its latest consumer price index analysis, FNB stated it expects transport inflation to stay muted, amid subdued demand and ongoing geopolitical uncertainty. However, the analysis compiled by FNB economist Helena Mboti expects housing and utilities’ inflation to remain high due to an expected increase...
In recent years, financial inclusion has taken centre-stage as a key driver of economic growth, poverty reduction and prosperity. In this regard, deposit insurance schemes are among the key vehicles through which financial inclusion is enhanced. This was the sentiment expressed last week by Michael Humavindu, executive director in the finance ministry, at release of...
Gideon Amakali In today’s rapidly-evolving technological landscape, integrating Artificial Intelligence (AI) into business operations is no longer a futuristic concept, but a present-day reality. However, the journey to harnessing AI’s full potential is often met with resistance, especially in environments less receptive to technological change. For leaders, this presents both a challenge and an opportunity...
A much-talked-about N$37 billion smart rail project proposed for northern Namibia remains in the early stages of consideration, with no investment formally secured yet, and no tenders awarded. The Namibia Investment Promotion and Development Board (NIPDB) has clarified its position on the project, emphasising that while it supports and facilitates potential investments, it does not...
Namibia has taken a step towards the future of sustainable industrial production with the inauguration of the HyIron Oshivela plant on Friday. The plant produces Direct Reduced Iron (DRI), and is the first of its kind in Africa to operate using Green Hydrogen, thus positioning Namibia at the forefront of a global push to decarbonise...
Namibia Airports Company (NAC) has welcomed renowned economist Namene Kalili as the commercial services and strategy executive, effective 1 April 2025. Packed with extensive knowledge spanning over 20 years, Kalili will be based at NAC’s head office in Windhoek. In his new role he will be responsible for improving revenue growth for the NAC through...
SYDNEY – New Zealand’s prime minister proposed Thursday a new alliance to battle global export restrictions, enlisting members of a 12-nation trans-Pacific free trading agreement and the European Union. The US tariffs had “shocked” financial markets, though Donald Trump’s pause on the highest levies — excepting those on China — was “welcome”, prime minister Christopher...
As part of its ongoing commitment to enhancing the domestic economy, the Namibia Grape Company (NGC) handed over its first-ever dividend payout of N$10 million to its shareholder, the National Youth Service (NYS). The handover ceremony took place yesterday at Hilton Hotel in Windhoek. Yesterday’s N$10 million dividend brings to a total of N$18 million...
BEIJING – China will impose 84% tariffs on US imports, up from 34%, the finance ministry said yesterday, hours after similar levies by the United States came into force. US president Donald Trump’s latest salvo of tariffs came into effect on dozens of trading partners yesterday, including punishing 104% duties on imports of Chinese products....