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...
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...