A significant decline in global oil prices due to increased supply, specifically from non-OPEC producers, will see domestic fuel prices decline this coming Wednesday. The petrol price will reduce by 50 cents a litre, while both diesel variants will be 80 cents a litre less. This means that at Walvis Bay, which is the port...
The Namibia Revenue Agency (NamRA) says it is committed to supporting the realisation of the national budget objectives by enhancing revenue-collection efforts. These collection efforts are the core of NamRa’s mandate to ensure the State has the necessary resources to implement the stated policies and programmes. NamRA congratulated finance minister Ericah Shafudah on tabling a...
Soon after her inauguration, President Netumbo Nandi-Ndaitwah announced the consolidation of 21 ministries into just 14. This move signalled a shift in the government’s approach to administrative efficiency as the decision, part of a broader strategy to tighten the fiscal belt, aims to streamline operations, reduce redundancy, and create a more cost-effective government. Economic analyst...
TOKYO – Japan’s government warned yesterday of a “significant impact” on its economic ties with the United States (US) and on global trade after president Donald Trump announced import tariffs on cars.Tokyo is one of Washington’s closest economic and strategic allies, with its firms the biggest investors in the United States and one in 10...
In September 2024, Bank Windhoek published its third Sustainability Bond Impact Report, highlighting the impact of its financing initiatives during the 2023-2024 financial year. The N$407 million raised from the inaugural issuance enabled the bank to advance sustainable finance in Namibia by supporting small-scale projects, and reinforcing its commitment to responsible business practices and environmental...
Trustco’s Real Estate Portfolio has received approval and has registered the Ombala Estate in Ondangwa’s Extension 11, which it intends developing. In a statement issued yesterday, Trustco noted the proposed development has been officially approved and registered, marking a significant milestone in Ondangwa’s expansion. This premium development, acquired by Trustco Properties in 2010, offers residential,...
The Eco Dialogue Collective, a new European Union-funded initiative, will support Namibia’s transition to a greener future by strengthening transparency and accountability in the management of natural resources such as green hydrogen, oil and gas. “Namibia has an abundance of natural resources and precious ecosystems that need protection. But it also faces the effects of...
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...