JOHANNESBURG – Inflation in South Africa fell to its lowest level in four years in October, official data showed yesterday. “Annual consumer price inflation was 2.8% in October 2024, the lowest since June 2020 (during the Covid-19 pandemic) when the rate was 2.2%,” Statistics South Africa (Stats SA) said in a statement. The South African...
The future of quantitative investing is going to be shaped by Artificial Intelligence (AI). Quantitative investment strategies can identify better opportunities, and leverage them into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About half of quantitative investors have implemented AI...
PyroNam, a Namibian biochar production company, is set to invest approximately N$7 million in establishing its first biochar plant in Otjinene. Located in the Omaheke region, Otjinene has the potential to produce biomass. Henrike Geldmacher, managing director of PyroNam, announced that the company has diversified its focus to engage with communal areas authorised under local...
Isabel Bento ARANDIS – HyIron-Oshivela Green Iron project signed its first-ever off-take agreement with German-based automotive technology company Benteler.HyIronic-Oshivela is the first industrial production project of iron at net zero emissions in Namibia. Co-founder of HyIron-Oshivela, Johannes Michels, made the announcement during a site visit to the plant in Arandis on Tuesday.“This is the first...
Gernot de Klerk The hum of Artificial Intelligence (AI) servers is increasingly perceptible alongside the familiar drumbeat and rhythms of marketing departments across the globe. Once merely a buzzword, AI has transformed into a vital tool that is redefining the very essence of marketing. Embracing it has long been resisted for understandable reasons, particularly in...
The Capricorn Foundation has partnered with Development Aid from People to People (DAPP) Namibia to support the project titled ‘Gardening to Counter Prevailing Malnutrition in the Omusati region’. The initiative aligns with the Capricorn Foundation’s focus on economic development and vulnerability. Its goal is to promote food security, self-sufficiency and improved nutritional well-being in vulnerable...
The demand for enhanced rail infrastructure in Namibia is surging, driven by the ambitious HyIron Oshivela project, which aims to revolutionise iron production through green technology. James Mnyupe, the Green Hydrogen commissioner, emphasised the urgency of upgrading rail links to accommodate the project’s projected needs. “HyIron are looking to import iron ore potentially from South...
The Communications Regulatory Authority of Namibia (Cran) hosted a public hearing in Windhoek last week to discuss two crucial topics shaping the domestic digital and communications landscape. These are Quality of Service (QoS) standards for telecommunications and broadcasting services, and the Spectrum Assignment Strategy for the period 2025 to 2027. Key stakeholders attended the public...
BAKU – The UN’s climate chief yesterday told countries at the deadlocked COP29 summit to “cut the theatrics”, as pressure mounts on G20 leaders to deliver a breakthrough. As the UN climate talks limp into a second week in Azerbaijan, the world is no closer to a financial deal for poorer countries that will determine...
The Bank of Namibia hosted a high-level meeting of the Common Monetary Area (CMA) Central Bank governors in Windhoek on 15 November 2024. The meeting was hosted by Bank of Namibia governor Johannes !Gawaxab. It brought together South African Reserve Bank governor Lesetja Kganyago, Central Bank of Lesotho governor Emmanuel Letete and Central Bank of...