National Assembly speaker Peter Katjavivi said the Children’s Parliament is more than just a forum, as it empowers the youth in various ways. “It is a catalyst for change. It empowers our youth to engage in democratic processes, shaping a future where every child’s voice is heard and their rights are upheld,” he said in...
The 2024 Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED) initiative has officially concluded, marking another successful year of empowering Namibia’s brightest entrepreneurial minds. This year’s programme concluded in the Oshikoto region, where innovative businesses and exceptional talent were uncovered, awarding three standout entrepreneurs who are set tomake a lasting impact in their communities....
TotalEnergies has acquired Tecoil, a Finnish company specialising in the production of Re-Refined Base Oils (RRBOs), which has the most efficient used oil regeneration process on the market today. Tecoil currently operates a production facility of 50 000 tonnes of RRBOs per year in eastern Finland. Tecoil has developed its own circular economy network for...
Capricorn Private Wealth (CPW) is supporting the 43rd Annual Medical Congress, facilitated by the Medical Association of Namibia (MAN), with a sponsorship of N$200 000. Capricorn announced the partnership last week Friday. The event is scheduled to take place at the University of Namibia Hage Geingob Campus on Friday, 12 July and Saturday, 13 July...
Despite higher interest rates that might have deterred credit demand, corporate appetite has actually increased as Private Sector Credit Extension (PSCE) for May reached the highest level recorded so far this year. This is the highest level since the 3.9% year-on-year (y/y) increase seen in March 2023. “This implies that companies think now is a...
Ndapwilapo Shimutwikeni Considering the recent oil and gas discoveries in Namibia, local content was a central focus at the recently- concluded 6th edition of the Namibia International Energy Conference, which was attended by over 750 delegates from 46 nations. In the oil and gas industry, local content refers to the development of local industries, a...
KATIMA MULILO – Several households in the Zambezi region find themselves in a precarious situation after NamWater disconnected their water points over non-payment. The bills, which run into thousands of dollars, date back to the Covid-19 outbreak in 2020, which brought economic activity to a standstill. Most of these affected areas largely depend on community...
Charmaine Boois MARIENTAL – A pensioner has taken it upon herself to feed hungry and vulnerable children in Mariental. “I don’t have children – maybe it was God’s plan. I have so much love for these children,” says Anna Ida Mungunda, who feeds 100 children from a soup kitchen at her home in the Donga...
Public enterprises must position themselves strategically, as they are an important component for the realisation of emerging industries such as oil, gas and the much-talked-about green hydrogen. This is because PEs are equipped with the necessary resources to ensure the success of the initiatives. These sentiments were ventilated yesterday by Martha Domingos, director of legal...
Bridgehead, the troubled subsidiary of the National Youth Council, has finally paid dividends of N$500 000 to its shareholder after years of failing to bring anything to the table. The NYC business arm acquired fishing rights, and holds shares in various other companies. It is mandated to generate funds for the council, and ultimately uplift...