Tonata Kadhila, Author at Future Media News

Koryx Copper lists on Namibian Stock Exchange

WINDHOEK, 10 April 2025 – Koryx Copper has officially commenced trading on the Namibian Stock Exchange (NSX) under the symbol “KYX”, following the completion of all requirements for a dual-listing. The Canadian-based company, which is already listed on the TSX Venture Exchange, says the dual listing reflects its strong ties to Namibia’s mining sector and offers local investors better access to the company’s shares. The TSX listing remains Koryx’s primary […]

11 April, 2025

Business / Economics

Bank of Namibia pushes financial innovation at Cirrus Investor Conference

Bank of Namibia Governor Johannes !Gawaxab WINDHOEK – The Bank of Namibia has reaffirmed its commitment to financial innovation and stability at the 2025 Cirrus Investor Conference, held this week in Windhoek. Governor Johannes !Gawaxab delivered the keynote address, highlighting the bank’s strategy to build a future-ready, inclusive financial system. During his speech, !Gawaxab noted that Namibia’s economy grew by 3.7% in 2024. This was a slight dip from 4.4% […]

10 April, 2025

Local

Nedbank Namibia Supports Brain Awareness

On 27 March, Nedbank Namibia supported the Brain Awareness event held in Windhoek at the Hilton Garden Inn. The event aimed to foster a deeper understanding of brain health and neuroscience. The event, part of the global Dana Foundation’s Brain Awareness Week, was organised locally by the Benguela Neuroscience Institute and brought together leading brain specialists, and medical professionals, to discuss various aspects of brain function and health. […]

8 April, 2025

Business / Economics

U.S. tariffs threaten Namibia’s key industries

Namibia is among the many countries affected by the latest tariff announcement from the United States, which has imposed a 21% tariff on Namibian exports. The move, part of the Trump administration's broader reciprocal tariff package, aims to balance trade deficits with over 180 countries. Namibia's main exports to the U.S. include diamonds, building stones, fish fillets, beef, and charcoal—industries now facing increased costs and potential declines in trade volumes. […]

4 April, 2025

Business / Economics

Hangala backs Air Namibia revival as government invests N$20 million in feasibility study

The government has allocated N$20 million for a feasibility study to assess the revival of Air Namibia, with the goal of relaunching the national airline by 2026. Dr. Leake Hangala who is the Chairperson of the Namibia Airports Company, has voiced strong support for the initiative, stressing the airline’s role in national development and economic growth. Speaking on the proposal, Dr. Hangala expanded on the importance of having a functional […]

3 April, 2025

Environment

European Union and Germany launch Benguela Current project

In a groundbreaking collaboration, the European Union, the German Federal Ministry for Economic Cooperation and Development, BCC, and GIZ have unveiled the Blue Benguela Current Action project, designed to protect the Benguela Current, one of the most productive marine ecosystems in the world. The initiative, which comes with N$230 million (€12 million) in EU funding, will support sustainable fisheries, marine conservation, and climate resilience across Namibia, Angola, and […]

13 March, 2025

Namibia

Calls for stronger oversight in Sovereign Wealth Fund

WINDHOEK, 13 March – The Welwitschia Sovereign Wealth Fund, launched in May 2022, is making financial progress but concerns over governance and transparency remain. The Executive Director of the Institute for Public Policy Research (IPPR), Graham Hopwood has urged greater clarity on how the fund is managed, particularly in the absence of a finalised bill to regulate it. While the Bank of Namibia has reported an increase in the […]

13 March, 2025

Health / Medical

Namibia ranks 13th in Africa for colorectal cancer

"Early detection is critical." WINDHOEK, 13 March – Colorectal cancer (CRC) is on the rise across Africa, with over 70,000 new cases and 46,000 deaths recorded in 2022. While Africa’s overall CRC rates remain below global averages, projections indicate a sharp increase by 2050. Southern Africa, including Namibia, has some of the highest CRC rates on the continent. According to Rolf Hansen, the CEO of the Cancer […]

13 March, 2025

Namibia

Unpaid water bills put pressure on NamWater

Oshakati purification Plant “The top 12 indebted local authorities collectively owe NamWater about N$889 million.” WINDHOEK, 12 March - The Namibia Water Corporation Ltd (NamWater) is facing financial strain, with outstanding payments for water services reaching N$2.4 billion by the end of February 2025. The corporation's latest figures reveal a 16% increase from N$2.1 billion in June 2024, raising concerns about the sustainability of the country's water supply infrastructure. NamWater […]

12 March, 2025