Oryx Properties has announced its interim financial results for the six months ended 31 December 2024. Chief financial officer Francis Heunis stated that “the group delivered strong results in the first half of 2025 and remains well positioned to meet its 2025 corporate strategy. Positive rental reversions, a 63% improvement in commercial vacancies and an...
The Delegation of the European Union (EU) to Namibia, in partnership with the industrialisation and trade ministry and the Namibian Standards Institution (NSI), officially handed over advanced laboratory equipment to the NSI. The handover took place on 13 February 2025 at the NSI Testing and Inspection Centre in Walvis Bay. The high-profile event was graced...
The African Development Bank (AfDB) and the World Bank have jointly announced a groundbreaking initiative that promises to reshape Africa’s energy landscape and accelerate green industrialisation. With the AfDB committing US$18.2 billion (about N$330 billion) and the World Bank pledging up to US$40 billion (about N$725 billion) in financing, this ambitious endeavour is poised to...
BEIJING – Trade tensions between the world’s two leading economies are set to escalate today, as Beijing begins levying tariffs on certain US agricultural goods in retaliation for president Donald Trump’s latest hike on Chinese imports. Since retaking office in January, Trump has unleashed a barrage of tariffs on major US trading partners, including China,...
Ethiopian Airlines, the largest airline in Africa, and one of the fastest-growing airline brands in the world, marked the 2025 International Women’s Day on Saturday, 8 March, by flight operations entirely managed by women, from catering, maintenance, and check-in to lounge services. These all-women-operated flights departed from Addis Ababa to Bahir Dar, Athens, Delhi, Dubai,...
Letshego Holdings Namibia Limited has reported a total revenue increase of 15% year-on-year and a profit after tax of N$418.8 million, which is an increase of 18.5% from N$353.3 million in 2023. This is as the latest financial results for the year ended 31 December 2024 indicate Letshego demonstrated remarkable financial resilience and strategic adaptability...
Sanlam last week reported strong growth in its 2024 annual results. The results showed the group’s earnings’ growth, shareholder value creation and new business was driven by its three growth pillars, namely South Africa, African economies and India. The strong earnings’ growth, robust new business volumes and excellent investment returns underpin the increase in the...
JOHANNESBURG – The United States has pulled out of a climate funding deal struck by rich nations to help their developing counterparts transition to clean energy, the programme’s first beneficiary South Africa said yesterday. The so-called Just Energy Transition Partnerships (JETP) are ambitious financing deals between a small group of wealthy countries and emerging economies...
BEIJING – China vowed to fight a trade war with the United States “to the end” yesterday, as tariffs from Washington buffeted the global economy and threatened to hit Beijing’s lagging growth. Beijing set an ambitious annual growth target of around 5%cent this week, vowing to make domestic demand its main economic driver as the...
NKURENKURU – Vendors from the old Nkurenkuru open market in the Kavango West region have been relocated to the new open market after 10 years of operating under substandard conditions. The new open market, inaugurated on Wednesday by Kavango West governor Sirkka Ausiku on behalf of the minister of Urban and Rural Development Erastus Uutoni,...