Rudolf Gaiseb Home affairs, immigration, safety and security minister Albert Kawana said with the visa-on-arrival policy in place, Namibia began to see an increase in the number of international visitors. He said it has become clear that facilitating smooth and efficient entry processes is the key to encouraging more tourism and fostering positive diplomatic relations. ...
GENEVA – Switzerland’s central bank boss said bitcoin is too volatile and not liquid enough for use as a reserve currency, amid calls for a referendum on the issue in the wealthy nation. Cryptocurrencies do not meet the standards “that a good currency should have,” Martin Schlegel said in an interview published Saturday in newspapers...
WASHINGTON – United States president Donald Trump ordered a probe Saturday into potential tariffs on lumber imports – in his latest move threatening to stoke trade tensions – while also pushing for a domestic supply boost. Trump signed an executive order instructing Commerce Secretary Howard Lutnick to start an investigation “to determine the effects on...
KATIMA MULILO – Cabinet has approved a series of short- and long-term measures aimed at alleviating the heavy cargo truck congestion at the Wenela border post near Katima Mulilo in the Zambezi Region. The border post started operating 24 hours in August 2023 and the increased traffic has led to clearance delays, forcing truck drivers...
SWAKOPMUND – NAMITVEST and Swakop Uranium signed a payroll deduction agreement on Thursday to enable employees, particularly members of the Mineworkers Union of Namibia (MUN), to directly invest in long-term wealth-building opportunities. The initiative is aimed at enhancing financial empowerment and economic inclusion. NAMITVEST, a broad-based empowerment company, is 25% owned by MUN subscribing members...
WALVIS BAY – One of the late Founding President Sam Nujoma’s most significant contributions was his role in the reintegration of Walvis Bay into Namibia after independence. Namport’s CEO Andrew Kanime said Nujoma understood the strategic importance of Namibia’s ports and their role in fostering economic growth. The CEO first encountered the founding president in...
The Etunda Irrigation Scheme is gearing up for a significant millet production cycle, promising to bolster local food security and contribute to the Omusati Region’s economic vitality. With 450 hectares of land designated for cultivation, the scheme is targeting a substantial harvest of approximately 4 000 tonnes of grai. ‘ This is a substantial increase...
Telecom Namibia on Wednesday joined the Namibian nation in mourning the passing of the Founding President and Father of the Namibian Nation Sam Shafiishuna Nujoma while celebrating his enduring legacy with a heartfelt candlelight ceremony. Telecom Namibia’s management and staff gathered at the company’s headquarters in Windhoek for a ceremony to remember Nujoma not with...
In a remarkable display of financial acumen, the Financial Intelligence Centre (FIC) of Namibia has significantly impacted domestic tax collection efforts. A recent report revealed that the FIC’s diligent monitoring and enforcement of anti-money laundering (AML) and counter-terrorism financing (CFT) regulations have substantially increased capital tax revenue. This achievement is a testament to the organisation’s...
Capricorn Group delivered a strong financial performance in its interim financial results for the six months ended 31 December 2024. The figures, released yesterday, show that Capricorn›s profit after tax increased by 28.4% to N$1.06 billion, compared to N$827.6 million during the same period last year. This translates to a 29.1% rise in earnings per...