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...
The African Development Bank Group has taken a significant step forward in its fight against corruption and financial crime by signing a Letter of Intent with the International Criminal Police Organisation (Interpol) last week. The bank group is the first multilateral development bank to establish such a collaboration with Interpol. The Letter of Intent was...
The Electricity Control Board (ECB) has confirmed approval of a regulatory framework for electric vehicle (EV) charging infrastructure, marking a step towards sustainable transportation in the country. The framework, which was approved by the ECB in August 2024, provides comprehensive guidelines for the installation and regulation of EV charging stations, addressing public queries about the...
Rudolf Gaiseb A local digital firm, Facilit8 Namibia, has warned that Namibia’s data infrastructure is increasingly becoming vulnerable to cyber-attacks, and the trend is worrying. This was said by Facilit8 owner and technology specialist, Nrupesh Soni. He highlighted recent incidents at Paratus Namibia and Telecom Namibia, saying they revealed concerning underlying issues of cybersecurity readiness and resilience. “Namibia’s...
Hospital manager Kathrin Leffler says she worries Germany’s tense pre-election debate on immigration will make it harder to recruit enough skilled workers from abroad to fill a growing labour shortage. National polls on Sunday are expected to deliver victory for the conservative CDU/CSU bloc, and a strong second-place showing for the far-right Alternative for Germany...
Rudolf Gaiseb Appian Capital Advisory on Wednesday announced the acquisition of a majority shareholding in the Rosh Pinah Solar Park to decarbonise its portfolio further and decrease energy costs. It will acquire the majority shareholding in Rosh Pinah Solar Park from Emesco Energy to exclusively supply clean energy to the portfolio company, Rosh Pinah Zinc...
Works minister John Mutorwa has tabled the Maritime Labour Convention (MLC) of 2006 to improve the working conditions for seafarers. The deputy prime minister informed the National Assembly on Tuesday that the convention is an important international labour agreement adopted by the International Labour Organisation (ILO). “The convention is a comprehensive international legal instrument, and...
GENEVA – The sweeping tariffs threatened or already imposed by United States president Donald Trump risk triggering inflation, market distortions and even a global recession, China said Tuesday at the World Trade Organisation. After returning to office on 20 January , Trump hit China, the world’s second-biggest economy, with an additional 10% levy on products...