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...
A wholly Namibian-owned supermarket, Model, will officially replace Pick n Pay Namibia as of 1 July 2025. The transition is already in motion, with a phased refurbishment approach that will gradually bring the full Model experience to life from the beginning of July when Model will officially launch across the country. This re-emergence, as Model...
Letshego Holdings Namibia has appointed Lizl Timbo as the new manager of people relations. In her role, she is expected to work closely with Letshego’s head of people and culture to execute strategic initiatives. With 14 years of experience in human resources, Timbo is passionate about creating a thriving human-centric work environment. She anchors her...
In Namibia, Paratus has a long-standing partnership with Eduvision, a project dedicated to advancing digital learning in rural schools. For more than six years, Paratus has provided Geostationary Earth Orbit (GEO) satellite equipment, infrastructure and technical support to empower more than12 000 learners and 471 teachers in schools – from junior primary to senior secondary schools...
PARIS – A global stock market rout deepened yesterday, with Hong Kong crashing as US president Donald Trump stood firm on tariffs despite fears that his trade war could spark a recession. Hong Kong’s Hang Seng index sank 13.2%, its biggest drop since the 1997 Asian financial crisis, while Tokyo’s Nikkei 225 fell an eye-watering...
Hyphen Hydrogen Energy’s recently-launched Local Content Roadshows (LCRs) aim to share the initial results of a baseline study investigating potential local content opportunities for Namibian businesses to participate in the Hyphen project. Hyphen has launched roadshows with the Namibia Investment Promotion Development Board (NIPDB) and the Namibia Chamber of Commerce and Industry (NCCI). The LCR...