Member states of the governing body of the Preparatory Commission for the Comprehensive Nuclear-Test-Ban Treaty Organisation (CTBTO) have reappointed Robert Floyd as executive secretary. The appointment affirms his leadership for a second term. This extension will see Floyd continue in his role through 2029. “I am truly honoured, and I look forward to continuing our...
The Development Bank of Namibia (DBN) has entered into a groundbreaking partnership with Identity Today, a leading RegTech company specialising in digital onboarding and automated compliance solutions. This collaboration marks a major milestone in DBN’s digital transformation journey, designed to enhance customer experience, streamline compliance, and ensure data security. This partnership is expected to facilitate...
European and Asian stock markets slid yesterday on worries of a possible trade war between China and the United States when Donald Trump takes over as president, analysts said. Chinese stocks were already under pressure from disappointment about Beijing’s lack of extra measures to boost China’s stuttering economy. The sell-off came despite another record close...
Workforce Staffing Namibia, a leading provider of specialised workforce solutions, is bolstering its operations to address the growing needs of the country’s burgeoning oil and gas, renewables, green hydrogen, mining and construction sectors. These sectors are driving unprecedented demand for skilled and semi-skilled labour. In a statement issued yesterday, Workforce Staffing Namibia noted it has...
The Africa Energy Chamber recently announced Munolwisho Elizabeth Ipangelwa, Green Hydrogen advisor at GIZ, as one of this year’s 25 Under 40 Energy Women Rising Stars. This accolade celebrates her commitment to advancing gender inclusivity in Namibia’s oil, gas and green hydrogen sectors, making her an anchor of hope for women and young professionals in...
The Namibia University of Science and Technology (Nust) has appointed Dr Andreas Elombo as director of the Namibia Energy Institute (NEI). The NEI, housed at Nust, is dedicated to energy research, education and training as well as addressing domestic and regional energy challenges. In this vein, the institute is set to become a national energy...
LONDON – Bitcoin soared to a new record high on Sunday, as traders bet that DonaldTrump’s return to the White House will be good for the cryptocurrency. The digital currency passed US$80 000 for the first time in its history shortly after 12h00. It has been rising since Republican candidate Trump won last Tuesday’s US...
The National Petroleum Corporation of Namibia (Namcor), in collaboration with its joint venture partners in Petroleum Exploration Licence (PEL) areas 56, 83, 85 and 90, are set to commence drilling between the last quarter of 2024, and the first quarter of 2025. The drilling will entail four exploration and appraisal wells in the Orange Basin...
Cross-border payments are a lifeline for many people and businesses in Africa. These customers rely on fast, secure and cost-effective payment offerings to manage the daily transfer of funds to friends, associates and family members in other countries. To meet evolving customer needs, First National Bank (FNB) has partnered with BankservAfrica for its Transactions Cleared...
Recently, the Bank of Namibia, as the country’s central bank responsible for safeguarding the stability and integrity of the financial system, has been at the forefront of identifying a troubling surge in fraudulent investment schemes. These schemes, which falsely promise financial support for Namibia’s development initiatives, have been targeting high-ranking government officials, ministries, traditional leaders,...