Category: Namibia

The African Union (AU) yesterday held its Africa Day commemorations, celebrating its 60th anniversary, while promoting the African Continental Free Trade Area (AfCTA) agreement. The continentalbody was originally known as the organisationof the African Unity. The AU brokered agreement was signed in Rwanda by 44 African nations in 2018 to strengthen inter-continental trade. Since then, … Read More “AU Africa Day highlights continent’s intra-trade potential – The Namibian” »

There is an old cliché about banking: If you owe your bank a million, it’s your problem. If you owe the bank a billion, it becomes their problem. Nearly a decade ago, after funding Zunaid Moti’s empire for several years, Investec found itself in precisely this position, leaked documents from the #Motifiles show. A letter … Read More “Zunaid Moti’s ‘inside man’ at Investec – The Namibian” »

Namibia, although an upper-middle-income country that relies on mining, agriculture, and fishing amid uncertainty, can be transformed into a country with more certainty and no surprises, with contingency plans in place. The Covid-19 pandemic and the ongoing Russian invasion of Ukraine, as well as rising tensions between China and the United States have highlighted the … Read More “Namibia to Avoid Single-Country Concentration Risk – The Namibian” »

RFG Holdings, which owns the fruit juice brand Rhodes, this week said its interim profits have increased, boosted by the fruit juice, despite load-shedding continuing to impact production output and costs. In its results for the six months ended April 2023, the group said profit rose by 36,7% year on year to N$218 million after … Read More “RFG posts robust interim profit – The Namibian” »

When Tina Turner first spoke out about the violence she endured during her marriage to Ike Turner, it was an act of bravery to expose herself so publicly. “I was insanely afraid of that man,” she told People Magazine in 1981, revealing the painful reality behind the hugely successful musical duo. Tina’s scorching description of … Read More “How Tina Turner broke the silence on domestic abuse – The Namibian” »

In spite of hundreds of years of colonialism, white supremacy and the plunder of its natural resources, the African continent has retained its resilience and history, which were almost wiped out. This Africa Day, we are taking a look at the incredible inventions by people on the continent. Here are five such achievements: SUPERCOMPUTING Philip … Read More “Africa Day: Global Inventions by Africans – The Namibian” »

Namibia’s benchmark interest rate is now 100 basis points behind that of South Africa, after the South African Reserve Bank (SARB) hiked the repo rate to 8,25% yesterday. Namibia is at 7,25%, and will certainly hike the rate in the coming two weeks.The 10th consecutive increase in the repo rate is another attempt to rein … Read More “SA interest rate raises a “necessary evil” says SARB – The Namibian” »

The Ministry of Environment, Forestry and Tourism conducted a dehorning operation on two rhinos at Etosha on Wednesday. Environment minister Pohamba Shifeta said the measure is a crucial step towards combating poaching in the country. “This operation is part of conservation, we are protecting rhinos from poaching because the poachers are looking for their horns,” … Read More “Environment ministry dehorns rhinos for conservation – The Namibian” »

President Hage Geingob says the pursuit of economic freedom and development should result in the economic emancipation of the entire African continent. In his speech during an event celebrating Africa Day in Windhoek yesterday, Geingob said responding to the needs of the modern world requires Africans to enhance their governance architecture to act in the … Read More “Geingob preaches emancipation on Africa Day – The Namibian” »

Britain’s Geraint Thomas holds the overall Giro d’Italia leader’s pink jersey heading into the final weekend after Friday’s gruelling ‘Queen’ 19th stage won by Colombian Santiago Buitrago. Less than a minute separates the top three title contenders before a decisive 18.6km uphill time-trial on Saturday in Monte Lussari, in north-eastern Italy. “Tomorrow it will be … Read More “Thomas holds pink jersey as Giro set for ‘super close’ finale – The Namibian” »