Massmart and Walmart have announced the first Africa-focused supplier growth summit to be held in Johannesburg on 2 April 2025. Participation in this Massmart powered by Walmart Growth Summit is open to prospective suppliers and entrepreneurs from across the African continent, with interest from entrepreneurs based in Ethiopia, Kenya, Nigeria, Ghana, Botswana and Namibia. The...
The World Bank (WB) recently stated that Namibia needs to reconsider the presence of state-owned enterprises (SOEs) in its domestic economy, before speaking of private sector-led growth. “Unpredictable state transfers to SOEs create fiscal pressures and highlight the need for better governance,” reads a World Bank country partnership framework report released last month. Since Namibian...
As Donald Trump is inaugurated today for his second term, a local investment expert believes the USA’s economic policies, particularly Trump’s protectionist trade stance, are likely to negatively impact Namibia and Southern Africa as a whole. This is as the World Bank (WB) has cautioned that Trump’s proposed trade tariffs could potentially have worldwide economic...
The beginning of a new year often comes with exciting possibilities, but it also brings significant financial responsibilities. For many parents, January and February mark the time to prepare for university registration and tuition fees, purchase learning devices, and ensure everything is in place for the start of the academic year. Following the festive holidays...
BEIJING – Sri Lanka has secured its biggest-ever foreign investment after signing a deal with Chinese state-run oil giant Sinopec, officials said on Thursday. Sinopec has agreed to invest US$3.7 billion to construct a “state-of-the-art oil refinery” with a capacity of 200 000barrels in the southern Hambantota region, the Sri Lanka president’s media division revealed....
Owning a home in Namibia is becoming increasingly challenging, as the average house price surpassed the N$1.3 million mark during the third quarter of 2024. The average Namibian house now costs N$1 303 179, which is a notable increase from the N$1 263 673 recorded in the second quarter of the same year. This increase...
Sixty bodies have been removed from a disused gold shaft in South Africa. This is months into a campaign to try to clear out illegal miners, police said yesterday. Authorities began trying to remove the bodies and bring up survivors on Monday after residents voiced fears that over 100 people may have died in the...
Hileni Amadhila Money is more than just the number in a bank account; it is deeply personal and influenced by experiences, beliefs and emotions. Whether it’s the celebration of reaching a milestone in our finances or anxiety about debt, or even the excitement in planning for the future, this emotional relationship with money impacts more...
Hydrogène de France (HDF), a French energy company, is poised to make a significant impact on Namibia’s electricity grid with its ambitious plan to generate 142GWh of green baseload electricity annually. Should everything go as planned, the company is expected to reach its final investment decision for the first phase of the project in the...
John Steytler President Nangolo Mbumba’s New Year message to the nation emphasised that 2025 will be the year that the country should cement its developmental interventions to become stronger and better for current and future generations. This foresight and clarion call to grow the country socio-economically resonated with me. It is in line with the...