Qatar Airways Group has acquired a 25% stake in southern Africa’s independent regional carrier, Airlink. The announcement is a continuation of Qatar Airways’ ambition to further develop operations across the African continent. This deal comes as both airlines seek to expand African services and passenger numbers. The investment in Airlink, which flies to more than...
The skyline in Windhoek’s central business district (CBD) is set for a major makeover, as construction has officially commenced on the Capricorn Group’s new 13-storey landmark building. The groundbreaking ceremony on the corner of Independence Avenue and Kasino Street took place on Tuesday morning in what the group called a “historic milestone” for what will...
Louis Potgieter, a senior financial analyst at the Namibia Financial Institutions Supervisory Authority (Namfisa), has been appointed to the International Association of Insurance Supervisors (IAIS) Accounting and Auditing Working Group (AAWG). The working group is tasked withmonitoring developments in international accounting auditing, financial reporting, valuation standards, and public disclosures made by insurers. By joining this...
In a strategic move to foster a new generation of leaders in oil and gas, hydrogen and renewable energy industries, the Namibia Youth Energy Forum (NYEF) has expanded its operations to Lüderitz to respond to a growing demand for an energy youth platform in the region. Fanuel Shinedima, the forum’s founder, said by establishing a...
An inter-governmental committee formulating a Namibian content policy for the burgeoning oil and gas industry has made local content development in the country a priority. The National Upstream Petroleum Local Content Policy, currently in draft format, aims to improve Namibian participation in the sector and boost the domestic supply chain, while continuing to welcome international...
The Central Bank of Libya said on Sunday it was “suspending all operations” after a bank official was abducted in the capital Tripoli, in a statement posted on social media.Musab Msallem, head of information technology at the Central Bank, “was kidnapped by an unidentified group from his house this morning,” said the statement. The bank...
Stock markets diverged Monday, following last week’s strong performance, as traders await a meeting of central bankers that could give fresh signals about the US interest-rate outlook. Positive data last week eased concerns about the health of the US economy after markets were hammered earlier this month due to recession fears and a Japanese interest-rate...
Green Enterprise Solutions, a Namibian ICT company, has announced the onboarding ofinterns across its various departments. This internship programme is expected tofoster a new wave of tech-savvy professionals.Three of these interns are stationed in Erongo region, and 10 are interning at Green’s main office in Windhoek. The 13 interns are expected to engage in comprehensive,...
Trade minister Lucia Iipumbu stated the 2024 SADC Summit that took place in Zimbabwe last week paved the way for the commencement of the Tripartite Free Trade Area (TFTA) agreement. This will ultimately allow for direct trade among the subscribing countries, and should eventually bring the region closer to the broader goals of the African...
Small and Medium Enterprises hold the key to Namibia’s economic growth. The sector does this by addressing unemployment, significantly contributing to the gross domestic product. More importantly, it sustains the livelihoods of many Namibians. Government has emphasised that it is crucial to recognise the crucial role SMEs play. Recent research indicates that SMEs provide employment...