HANGZHOU – Chinese start-up DeepSeek, which has sparked panic on Wall Street with its powerful new chatbot developed at a fraction of the cost of its competitors, was founded by a hedgefund whizz-kid who believes AI can change the world. Based out of the eastern Chinese city of Hangzhou – sometimes known as “China’s Silicon...
The Development Bank of Namibia (DBN) has announced the return of its prestigious Innovation Award after a five-year hiatus, reaffirming a commitment to fostering innovation and economic development. Commenting on the resurgence of the awards, DBN spokesperson Jerome Mutumba revealed that this year’s winning project will receive a funding boost of N$400 000. He highlighted...
The low supply of rental properties in Windhoek is wreaking havoc on the local property market. The low supply is exacerbated by slow land delivery for new residential units, the exorbitant cost of living, and an influx of new inhabitants. A seasoned estate agent said the situation is driving some Windhoek residents to temporarily opt...
BERLIN – Eurozone rate-setters are set to cut borrowing costs again this week. They are confident that their efforts to lower inflation will remain on track despite the threat from United States president Donald Trump’s protectionist agenda. The European Central Bank is expected to cut its benchmark deposit rate by a further quarter point to...
ABIDJAN – The withdrawal of Mali, Niger and Burkina Faso from the Economic Community of West African States (ECOWAS) takes effect tomorrow after a year of political tensions, fracturing the region and leaving the bloc with an uncertain future. On 29 January 2024, the three countries, led by military regimes, formally notified ECOWAS of their...
Early signs of financial trouble often go unnoticed until they escalate into more severe issues. Recognising these signs can help individuals and small businesses take proactive steps to mitigate financial distress, and avoid potential defaults. One of the primary indicators of financial trouble is consistent difficulty meeting monthly financial obligations. This might manifest as struggling...
Farmers in the Hardap region are facing severe challenges in accessing markets for their produce. These obstacles are leading to substantial losses for already-struggling farmers in the region. Unomasa Kavita, an entrepreneur in collaboration with Impact Tank, is spearheading an initiative aimed at bridging the accessibility gap for local smallholder farmers. Launched in 2022, this...
Following the recent light oil discoveries offshore in the Orange Basin, the National Petroleum Corporation of Namibia (Namcor) has seen increasing interest from potential upstream oil and gas investors. To service its clients, Namcor continues to host data rooms for clients to assess and evaluate non-proprietary exploration datasets for potential farm-in opportunities with existing acreage...
We know it really matters how Hyphen delivers green hydrogen for Namibia. It is critical we acknowledge and position our project in its overall context – balancing the positive socio-economic impacts it will bring to the country and its people, whilst identifying and minimising its environmental impact. We will do this through continuing to work...
While much-anticipated clean energy is yet to be produced at the Daures Green Hydrogen Village, the project has started harvesting its first cucumbers and is on track to produce more vegetables throughout the rest of the year. In fact, vegetable production is an integral aspect of the ambitious project on the fringes of the desolate...