Windwise Turbines Namibia, the first wind turbine manufacturer in the country, has taken a step towards advancing local skills and expertise in renewable energy. Last week, the company sent its first cohort of five Namibian engineers for a six-month training at the SARETEC wind turbine training centre in Cape Town, South Africa. According to a...
Bank of Namibia governor Johannes !Gawaxab stated that Namibia’s Welwitschia Sovereign Wealth Fund’s current balance has reached N$453 million. The Welwitschia Fund, which was launched in May 2022, commenced with an initial capital investment of around N$262 million. The governor made these remarks last week during the repo rate announcement in Windhoek. The Sovereign Wealth...
NEW YORK – A flood of presidential trade policy announcements has kept US automakers on edge since Donald Trump returned to the White House last month. While some signature threats – like 25% tariffs on Mexico and Canada – have been wielded and then paused, Trump’s multi-pronged assault on the international trade order is building...
OTTAWA – Canada said on Friday it would compel banks, insurance companies and other financial firms to disclose the number of women and minorities on their boards and in senior management positions. The move, announced in the government newspaper Canada Gazette, contrasts with a retreat from diversity, equity and inclusion (DEI) programmes – aimed at...
BUENOS AIRES – Argentina’s president Javier Milei admitted making a mistake on Saturday after promoting a cryptocurrency whose value soared and then crashed, with his office announcing an “urgent investigation”. According to news outlets, Milei posted a message on social media platform X on Friday evening, praising a “private project” aimed at “stimulating the growth...
Namibia’s business community calls for action against unemployment, poverty and inequality in tribute to late Founding President Sam Nujoma. In this regard, they have emphasised an urgent need to address the country’s persistent challenges of unemployment, poverty and inequality, viewing this as the most fitting tribute to the late founding president. During a memorial service...
India’s new High Commissioner to Namibia, Rahul Shrivastava, says his country has consistently been at the vanguard of support for Namibia, before and after independence in a mutually beneficial relationship that continues to grow in leaps and bounds to this day. Shrivastava hastened to say the enduring relationship between the two countries, founded on solidarity,...
Rudolf Gaiseb Namibia is on course to implement electronic signatures, also known as e-signatures. This means all service providers will have access to citizens’ signatures. Audrin Mathe, the executive director (ED) in the information and communication technology ministry said this during last month’s engagement with the Communications Regulatory Authority of Namibia (CRAN), the ED said...
Government’s savings strategy has accumulated nearly US$420 million, demonstrating its commitment to managing its Eurobond obligations due on 29 October 2025. Bank of Namibia governor Johannes !Gawaxab was this week confident the country will not default on this bond, as it is on the right track to meet all debt repayment obligations. “We said come...
ALGIERS – Officials from Algeria, Nigeria and Niger signed new contracts on Tuesday aimed at accelerating the development of a vast natural gas pipeline to Europe, the Algerian press agency APS reported. The Trans-Saharan Gas Pipeline (TSGP), announced in 2009, would transport billions of cubic metres of gas for 4 128 kilometres from Nigeria in...