MASERU – Lesotho will suffer from Donald Trump’s aid cuts, and stands to lose up to 40 000 jobs if the United States (US) president cancels a trade pact granting duty-free access to the American market, the monarch of the tiny southern African kingdom warned ahead of a trip to Europe yesterday. Entirely surrounded by...
WASHINGTON – The United States (US) added dozens of entities to a trade blacklist Tuesday, its commerce department said, in part to disrupt Beijing’s artificial intelligence and advanced computing capabilities. The action affects 80 entities from countries including China, the United Arab Emirates and Iran, with the department citing their “activities contrary to US national...
Trustco Group Holdings Limited has launched an Employees’ Children Internship Programme, designed to provide valuable work experience and professional development opportunities to the children of current and former Trustco employees. The programme offers a structured pathway for employees’ children who have completed their secondary education, are pursuing tertiary studies or recent graduates seeking to gain...
The Namibia University of Science and Technology (NUST) 20 March 2025, hosted a public lecture delivered by Zurab Pololikashvili, Secretary General of the United Nations World Tourism Organisation (UN Tourism). The event themed ‘Sustainable Tourism in Africa: Harnessing Technology, Inclusion and Heritage for a Resilient Future’, brought together key tourism stakeholders, academics and students, fostering...
Launched in 2024, the MSME Development Fund at Namibia Breweries Limited (NBL), with a budget of N$25 million, aims to support micro, small and medium enterprises (MSMEs) to foster growth and contribute to Namibia’s economic advancement. NBL has also committed to allocating N$5 million annually for five years to develop firms owned by historically disadvantaged...
The Namibian Employers Federation (NEF) extended its congratulations to Netumbo Nandi-Ndaitwah on her historic election as Namibia’s first female. The federation said this marks a major milestone in Namibia’s commitment to gender equality and progressive governance. Additionally, the NEF congratulated Fillemon Wise Immanuel on his appointment as minister of the newly-merged Ministry of Labour, Industrial...
The European Union’s Carbon Border Adjustment Mechanism (CBAM), set to take effect in 2026, is a policy designed to combat carbon leakage and promote fair competition by imposing tariffs on imports from countries with weaker climate policies. While CBAM presents challenges for carbon-intensive exporters, it also offers Namibia a unique opportunity to strengthen its economy,...
The Namibia Financial Institutions Supervisory Authority (Namfisa) stated it is enthusiastic about the opportunities presented by the Regulatory Sandbox, which allows innovators to test their ideas in a controlled environment, facilitating positive change while ensuring these advancements uphold fairness and financial system stability. In this regard, Namfisa yesterday announced that Express Credit Cash Advance officially...
The Port of Walvis Bay rubber-stamped its authority as the country’s largest commercial anchorage when it performed beyond expectation by handling export cargo worth over N$4.7 billion in January 2025 alone. This is according to the latest Namibia Statistics Agency (NSA)’s Merchandise Trade Bulletin. The port is strategically located halfway down Namibia’s coast, and provides...
Laimi Shigwedha The discovery and development of oil and gas resources in Namibia present a significant opportunity for economic transformation. However, for these benefits to be widely shared, local content policies must be prioritised and effectively implemented. As someone deeply involved in the offshore and oil and gas industry, I am passionate about ensuring that...