The Chartered Institute of Logistics and Transport (CILT) recently concluded a three-day conference titled ‘Unlocking Sub-Saharan Africa’s Potential: Transforming Transport and Logistics for a Sustainable Future’. The conference took place in Johannesburg from 19 to 21 November 2024. The event, jointly hosted by Centre for Innovation in Learning and Teaching (CILT)’s Namibia, South Africa and...
DOHA – Qatar has agreed to supply three million tonnes of gas a year to China in a deal with London-headquartered energy giant Shell, the Emirate’s state energy company said yesterday. The liquefied natural gas deliveries would begin in January as part of a “new long-term sale and purchase agreement”, QatarEnergy said in a statement...
Namibia’s Gross Domestic Product (GDP) growth is projected to moderate in 2024, primarily due to subdued global demand, coupled with drought conditions. In its latest economic outlook, the Bank of Namibia (BoN) forecasts the domestic economy is projected to grow by 3.5% in 2024, a slowdown from the 4.2% growth recorded in 2023. “This projection,...
The Government Institutions Pension Fund (GIPF) informed its tax-paying and qualifying annuitants, namely pensioners, spousal and child beneficiaries that the fund started making tax payment relief refunds to the tune of over N$118 million on 28 November 2024, as previously announced. “The fund will pay out approximately N$118 million to 24 173 qualifying annuitants, who...
Sacky Kadhikwa WALVIS BAY – National Assembly Speaker and chairman of the Namibia National Cleaner Production and Sustainable Consumption Centre (NNCPC), Professor Peter Katjavivi says Namibia can leverage the circular economy concept to build a thriving industrial ecosystem. He said such an ecosystem will drive the country towards an economy where industries will have industrial...
Choppies Supermarket Namibia has entered a settlement agreement with the Namibian Competition Commission (NaCC), which was made a court order in the High Court on 19 November 2024, following an investigation that found Choppies contravened Chapter 4 of the Competition Act (2 of 2003) for implementing a merger without approval. The transaction amounted to a...
JOHANNESBURG – Botswana will soon join Belgium as a verification and certification hub for rough diamond exports to Group of Seven (G7) nations, its presidency said yesterday. Following a G7 ban on Russian diamonds in January, Antwerp was in March selected as the sole location able to certify the origin of rough diamonds and issue...
Airlink, one of southern Africa’s premier airlines, will undergo a leadership change following the decision by chief executive officer and managing director Rodger Foster to step down at the end of March 2025. Foster will be relinquishing control of the airline after almost 33 years at the helm. Airlink’s chief financial officer, De Villiers Engelbrecht,...
The Bank of Namibia (BON)has reiterated its commitment to ensuring the stability and resilience of the banking sector by employing proactive and effective micro-prudential supervisory measures. Guided by the Basel Core Principles (BCPs), particularly Principle 11 on Corrective and Sanctioning Powers of Supervisors, the central bank’s Banking Supervision Department continues to enhance its ability to...
Longer-term strategies to improve the flow of goods along the Trans-Kalahari Corridor (TKC) entail member states opening the TKC borders between Botswana and South Africa on a 24-hour basis, as well as establishing One-Stop Border Posts (OSBP). Member states will also consider implementing a Regional Cargo Tracking System (RCTS) to facilitate smooth trade along the...