BRUSSELS – Buffeted by tariffs and threats from Washington, the European Union and Canada were yesterday set to discuss drawing closer together, the latest sign of a wider Brussels push to diversify trade away from the United States. Canadian Prime Minister Justin Trudeau is to hold talks with top EU officials in the Belgian capital...
Rudolf Gaiseb Last week, the Extractive Industries Transparency Initiative (EITI) appealed to Namibians to join them, promising great benefits would accrue as a result. So far, 55 countries have implemented the EITI. Speaking at a consultative meeting in the capital last week, EITI’s executive director Mark Robinson, emphasised that their goal is to ensure that...
THE HAGUE – Shares in Dutch brewer Heineken fizzed at the market open yesterday, as traders cheered better-than-expected beer sales, despite a slight dip in overall turnover. The stock rose by more than 11% at the opening bell, the biggest gainer on the Amsterdam market, which was up slightly overall. Earlier yesterday, the world’s second-biggest...
The Bank of Namibia has warned of potential economic repercussions for Namibia following the United States’ decision to suspend foreign aid to numerous countries, including those in Africa. BoN governor Johannes !Gawaxab, the move could significantly affect Namibia due to its currency’s peg to the South African rand and the close trade relationship between South...
BANGUI – The Central African Republic (CAR), a poverty-stricken and perennially unstable country despite its vast mineral wealth, has launched a memecoin, called $CAR. It had a tumultuous debut, experts said. A memecoin is a cryptocurrency that rides on the popularity of a viral personality or phenomenon on the internet. It is often seen as...
LONDON – Britain’s BP on Tuesday said its annual net profit slumped 97% last year, as the struggling oil and gas giant pledged to “fundamentally reset” its strategy. Profit after tax tumbled to US$381 million in 2024 from US$15.2 billion in 2023, owing to weaker refining margins, asset write-downs and unfavourable accounting effects linked to...
PARIS – World leaders were set to hold formal talks in Paris yesterday on artificial intelligence (AI), seeking elusive common ground on a technology subject to a global race for promised economic benefits. Hosted by French President Emmanuel Macron and Indian Prime Minister Narendra Modi, the gathering comes hours after Elon Musk reportedly put in...
The Communications Regulatory Authority of Namibia (Cran) strives for the operationalisation of the Universal Service Fund (USF). The USF in Namibia is a funding mechanism designed to expand communication services to underserved areas and populations. The mechanism is financed primarily through contributions from mobile network operators and telecommunications companies. The fund ensures contributions benefit citizens and...
Namibia has for the fourth consecutive year maintained a score of 49 out of 100 on the Transparency International’s (TI’s) Corruption Perceptions Index (CPI). This index is the leading global indicator of public sector corruption, providing an annual comparative snapshot of 180 countries and territories. The consistent score for Namibia has kept the country at...
Rudolf Gaiseb The Namibia International Merchandise Trade Statistics bulletin issued by the Namibia Statistics Agency (NSA) reveals that in December 2024, the country’s trade balance, that is the difference between exports and imports during a specific period, stood at a deficit of N$119 million. This is a significant improvement from the deficit of N$5.5 billion...