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...
In partnership with Rent-a-Drum, Capricorn Group promotes sustainability by launching its 4R Sustainability Campaign. Initiated at the beginning of the year, the campaign stresses the principles of rethink, reduce, reuse and recycle. It encourages people to choose wisely when handling their office and household waste. Through this initiative, Capricorn Group employees actively participate in activities...
The National Petroleum Corporation of Namibia (Namcor), on behalf of the PEL 85 joint venture partners Rhino Resources this week announced the completion of drilling operations for an exploration well in the Orange basin. With drilling operations on the Sagittarius-1X well now concluded, the drillship has moved to the next well in the campaign, Capricornus-1X,...
The Critical Minerals Africa Group (CMAG), the advocacy group seeking to foster deeper relations between Africa and global markets, and put Africa at the heart of international discussions surrounding critical mineral’s policy, is proud to have co-hosted a side-event with the Africa Finance Corporation at the Investing in African Mining Indaba in Cape Town. Chaired...
Africa’s economic performance is showing signs of improvement but remains vulnerable to global shocks, according to the 2025 Macroeconomic Performance and Outlook (MEO) report released by the African Development Bank on Friday. The report, unveiled on the sidelines of the 38th Ordinary Session of the African Union Assembly in Addis Ababa, projects real GDP growth...
United Arab Emirates’ (UAE) clean energy leader Masdar, the decarbonisation arm of 2PointZero EPointZero and TotalEnergies, have signed a Framework for Action (FFA). The agreement will drive access to clean energy in emerging markets and developing economies in Africa and Asia. 2PointZero is a transformational global investment platform. The agreement follows UAE president Sheikh Mohamed...
On the sidelines of the 38th African Union Summit, African leaders discussed obstacles to the continent’s economic integration, underscoring visa-free movement to reduce illegal migration and strengthen official travel channels. The high-level dialogue, convened by the African Development Bank Group and the African Union Commission alongside the AU Summit, brought together trade ministers and business...
Responding to a massive public outcry on the persistent increase in electricity tariffs, government last year lent a much-needed helping hand and provided N$365 million subsidy for 2024/25. This injection of capital relief was intended to ease the rapidly-escalating cost of living for struggling Namibians. However, Electricity Control Board CEO Robert Kahimise yesterday disclosed that...
BEIJING – Chinese president Xi Jinping yesterday said challenges facing the country’s embattled private sector were “surmountable”, as he met with top business leaders, including Alibaba co-founder Jack Ma. Since coming to power more than a decade ago, Xi has strengthened the role of state enterprises in the world’s second-largest economy, and waged crackdowns on...