This year’s exceptional rainy season experienced in most parts of Namibia has been a blessing for farmers, but also caused severe damage to many national and urban roads. The Roads Authority (RA) will need approximately N$400 million to repair these damaged roads after weeks of continuous heavy rains across the country. RA spokesperson Hileni Fillemon...
BEIJING – China on Monday hit out at other countries making trade deals with the United States at Beijing’s expense, vowing countermeasures against those who “appease” Washington in the blistering tariff war as its neighbours rush to secure favourable terms from the White House. While the rest of the world has been hit with a...
Loans typically have a negative connotation. Most people think of borrowing as a last resort, something to be avoided at all costs. But what if a loan could be more than just a way of funding an unexpected expense? What if it could be a way of enabling you to build a better tomorrow? Borrowing...
The African Export-Import Bank (Afreximbank) recently released its consolidated financial statements and those of its subsidiaries for the year ended 31 December 2024. These financials indicate that Afreximbank reported strong financial performance despite a complex global economic landscape marked by geopolitical tensions, inflationary pressures and elevated interest rates, posting a net income of US$973.5 million...
The international gold price reached a record high of US$3500 per ounce yesterday before retreating to around US$3400 per ounce. Thus far, gold is one of the major commodity winners as it has risen above 31% this year. This jump in the gold price is good news for Namibian gold miners such as the QKR...
FNB Insurance has killed two birds with one stone by supporting a local business and promoting road safety at the same time. This is because the insurance arm of FNB has launched a partnership with LEFA Transportation Services Namibia. This is aimed at promoting responsible driving and enhancing road safety in Namibia. The agreement is...
Bank of Namibia Governor Johannes !Gawaxab has cautioned that the economic fallout from renewed United States of America trade tariffs imposed under president Donald Trump’s administration, coupled with the uncertainty surrounding tariff details, will adversely impact sectors such as diamonds, marble and manufacturing. Tariffs are defined as taxes charged on goods bought from other countries....
Old Mutual Namibia reached a significant milestone on its Rewards Programme, where customers have to date redeemed more than 10.4 million, which is equivalent to N$1 million. The programme continues to grow as a key customer loyalty and engagement programme, with more than 25 000 members now participating in it. Old Mutual Namibia’s existing Rewards...
AMSTERDAM – Heineken yesterday said its beer sales were down in the first quarter but kept profit forecasts for the year unchanged despite noting increased uncertainty from tariffs. Global beer volumes for the world’s second-biggest brewer after AB InBev came in at 54.1 hectolitres in the first three months of the year, compared to 55.4...
Hyphen Hydrogen Energy (Hyphen) has launched the Hyphen Hydrogen Energy Skills Census, which it describes as a groundbreaking initiative supporting Namibia’s first large-scale green hydrogen project. This census allows Namibians to submit their skills information and upload relevant documents to be included in a comprehensive job- seekers database. The Hyphen Green Hydrogen project in southern...