Isabel Bento SWAKOPMUND – The governments of Namibia and Botswana have reaffirmed their commitment to the Trans-Kalahari Rail Corridor Development Project (TKRP) which has been in conceptualisation since 2010. The project is envisioned as a transformative regional infrastructure initiative to enhance trade and economic integration in SADC. Minister of Works and Transport John Mutorwa during...
Andreas Thomas Seismic data has greater benefits to Namibia than just measuring the occurrence of earthquakes, with stakeholders such as the mining sector, construction sector and local authorities relying on its use. This is according to the Ministry of Mines and Energy’s executive director Penda Ithindi, who said Namibia benefits from a network of seismic...
In a bid to keep the shine on struggling natural diamond sales, industry giant De Beers has launched a verification device to differentiate natural gems from their laboratory-grown competitors, the company announced on Monday. The “DiamondProof” device is meant to confirm the authenticity of precious stones “formed deep within the Earth billions of years ago”,...
Ovitoto garment factory, situated in the Otjongombe village within the Omatako constituency, is one of the ongoing capital projects funded by the Ministry of Industrialisation and Trade (MIT) under the Sites and Premises Development Programme, administered by Nida. The 2019-2024 Namibia Industrial Development Agency (NIDA) annual report released on Monday revealed that the project cost...
Last week, the Financial Action Task Force (FATF) Plenary Meeting in Paris considered the second progress report regarding the greylisting of Namibia. The FATF confirmed that Namibia continues to make progress in addressing the strategic deficiencies identified in the country’s FATF Action Plan, which was adopted when Namibia was greylisted by the FATF on 23...
North Koreans have been forced to work on Chinese-flagged fishing vessels without touching land for as long as a decade, facing verbal and physical abuse as well as harsh conditions, a report said yesterday. Nuclear-armed North Korea has long made a fortune from an army of citizens it sends abroad to work, mostly in neighbouring...
The Namibia Industrial Development Agency (NIDA) yesterday unveiled its annual report, themed ‘Geared Towards Sustainable Industries’. The report covers the financial years from 2018/2019 to 2023/2024. The launch marked the agency’s first comprehensive publication in six years. This milestone demonstrates NIDA’s dedication to governance, and its pivotal role in driving Namibia’s industrialisation agenda. Julius Nghikevali,...
HAVANA – Cuba unveiled a new solar energy park in the capital Havana on Friday, part of an ambitious project to alleviate the communist island’s increasingly desperate struggle with power blackouts.The dire state of Cuba’s power-generation infrastructure, largely dependent on oil from Venezuela, has seen the country of 10 million people struggle with near-daily outages...
WASHINGTON– European Union (EU) trade chief Maros Sefcovic, said on Thursday reciprocity in tariffs should be made to work for both the bloc and Washington, after talks with his counterparts in US president Donald Trump’s administration. While the United States is planning “reciprocal tariffs,” the European Union is open to working with Trump officials towards...
The Fifth Finance in Common Summit (FiCS), co-hosted by the Development Bank of Southern Africa (DBSA) and the Asian Infrastructure Investment Bank (AIIB) with the support of Agence Française de Développement (AFD), is scheduled to take place this week in Cape Town, South Africa from 26 to 28 February. The Finance in Common Summit, launched...