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....
Starting a business is more than just a way to earn an income—it is a journey of resilience, problem-solving and community impact. In Namibia, where entrepreneurship plays a crucial role in job-creation, small businesses hold the power to transform our local economies. From the informal street vendors of Oshakati to the thriving Small and Medium...
LONDON – Stock markets tumbled along with oil and the dollar yesterday as United States (US) president Donald Trump’s sweeping tariffs against trading partners kicked in, triggering strong retaliation from China. Beijing slapped a higher 84% levy on US goods, sharply accelerating losses on European stock markets in early afternoon trading. Growing fears of weakened...
Uranium company Deep Yellow has decided to focus on early works infrastructure and initial engineering for its Tumas Project in the Erongo region. Continuing with these carefully- considered programmes is expected to ensure a seamless and quick transition to the execution phase once suitable market conditions exist. This means Deep Yellow has delayed its Final...
BRUSSELS – The EU plans tariffs of up to 25% on US goods in retaliation for levies on metals, but will spare bourbon to shield European wine and spirits from reprisals, according to a document seen by AFP yesterday. The proposed tariffs — drawn up since President Donald Trump’s duties on steel and aluminium took...
ABU DHABI – A rare blue diamond valued at US$20 million went on pre-auction display yesterday in Abu Dhabi, capital of the oil-rich United Arab Emirates (UAE). The 10-carat Mediterranean Blue, which will go on sale in Geneva next month, is the showpiece of a collection estimated at US$100 million, organisers said. “Included in the...
The Ohlthaver & List (O&L) Group has appointed Christina Swart-Opperman as a non-executive director on the OLFITRA board, effective 1 April 2025. She has been an integral part of the O&L Family since 2016, serving as chairperson of the OLFITRA Remuneration and Nomination Committee (REMCO). Her leadership has played a pivotal role in shaping the...
April marks the globally-recognised Financial Literacy Month, a time dedicated to enhancing financial knowledge and empowering individuals to make sound financial decisions. Namibia proudly joins this worldwide initiative, reinforcing its commitment to financial education as a cornerstone of economic prosperity. Old Mutual Namibia celebrates World Financial Literacy Month, reaffirming its dedication to fostering financial empowerment...
Rudolf Gaiseb Namibia’s inflation rate for March 2025 stood at 0.5%, an increase from 0.4% in February 2025. This is according to the Namibia Statistics Agency’s (NSA’s) Namibia Consumer Price Index (NCPI) report. The report revealed that consumers in zone 3, consisting of //Kharas, Erongo, Hardap and Omaheke, paid the highest price for 5kg maize...