The European Union (EU) and the German Federal Ministry for Economic Cooperation this week launched a new project to implement the Blue Benguela Current Action programme. The programme was launched at an event in Swakopmund on Wednesday. This regional initiative aims to enhance governance and cross-border cooperation for the sustainable management of the Benguela Current...
In line with its 2030 ambition to decarbonise the hydrogen used in its European refineries, TotalEnergies has signed an agreement with German developer RWE to supply 30 000 tonnes of green hydrogen a year to the German Leuna refinery for 15 years, beginning in 2030. The green hydrogen will be produced by a 300 MW...
In February, Nedbank Namibia hosted its prestigious Top Achievers Awards, an annual event dedicated to recognising and celebrating the remarkable contributions of its employees over the past year. The ceremony was a platform to honour individuals and teams whose dedication, innovation and commitment to excellence have driven the bank’s success and growth. The awards acknowledged...
IMPALILA ISLAND – A new chapter has opened at Impalila Island with the commissioning of a N$2.9 million floating jetty. The inauguration ceremony on Monday was led by deputy prime minister John Mutorwa, who is also works and transport minister. It marked the beginning of a significant milestone in the island’s development. “This jetty is...
Kavetja Ngaizuvare The Namibia Revenue Agency (NamRA) has recovered N$3.4 million from tax dodgers, thanks to whistle-blower reports. Since launching the NamRA Whistleblowing Hotline in May 2024, managed by Deloitte Namibia, the agency has received 60 reports on fraud, tax evasion, money laundering and other unethical practices. The hotline has led to assessments totalling N$15.8...
LONDON – European and Asian stock markets diverged yesterday after a sharp sell-off on Wall Street fuelled by fears about the US economy as president Donald Trump presses ahead with steep tariffs. Traders had initially welcomed Trump’s election win in late 2024, optimistic that his promised tax cuts and deregulation would boost the world’s biggest...
COPENHAGEN – Lego’s CEO told AFP that US President Donald Trump’s tariff threats do not keep him up at night, as the world’s largest toymaker yesterday posted record earnings for 2024.Sales rose 13% to 74.3 billion kroner (US$10.8 billion) last year, while net profit grew 5% to 13.8 billion kroner. “We are relevant and we...
TOKYO – Struggling Japanese automaker Nissan announced on Tuesday that chief executive Makoto Uchida would step down, a move that follows the failure of merger talks with rival Honda. The company said the leadership change was meant to “achieve the company’s short- and mid-term objectives while positioning it for long-term growth” but did not elaborate.Ivan...
The Capricorn Foundation, in collaboration with the United Nations Industrial Development Organisation (UNIDO), the Network for Global Innovation (NGIN) and Co-Creation Hub (CcHUB) Namibia, recently launched the global Just Transition to the Future (JTF) Water-Energy Nexus Open Innovation Challenge. The aim of the challenge is to address critical challenges surrounding water and energy in Namibia’s...
Domestic inflation is expected to gradually rise and reach 4.5% year-on-year (y/y) by the end of 2025. The upside risks primarily pushing inflation higher include higher oil prices, potential geopolitical tensions as well as higher food, rental and utility prices in the short-term. This outlook is according to the latest First National Bank Consumer Price...