Tonata Kadhila, Author at Future Media News

Strong finish for vehicle sales in December 2024

December 2024 wrapped up on a positive note for Namibia’s automotive sector, with local vehicle sales reaching 1,100 units. This represents an impressive 30.8% year-on-year increase from the 841 vehicles sold in December 2023. The market also demonstrated stability, with a slight 0.6% month-on-month rise from November 2024, showing consistent demand despite the seasonal fluctuations typically seen at year-end. Simonis and Storm economist Almandro Jansen provides further insight into […]

31 January, 2025

Namibia

Agriculture Ministry lifts ban on maize and palm product imports

The Ministry of Agriculture, Water, and Land Reform has lifted the ban on the importation and transit of maize, maize products, and palm products from South Africa with immediate effect. However, restrictions remain in place for maize seeds intended for planting. The ministry has not provided further details on when or if these restrictions will be reviewed. Ministry spokesperson Simon Nghipandulwa confirmed the decision, stressing that the […]

31 January, 2025

Africa

SADC to hold emergency summit on DRC crisis

SADC HQ in Gaborone, Botswana The Southern African Development Community (SADC) will convene an emergency summit on Friday in Harare, Zimbabwe, to address the escalating conflict in the eastern Democratic Republic of Congo (DRC). […]

31 January, 2025

Business / Economics

Bannerman to invest over N$6 billion in Etango project

Bannerman Mining Resources Namibia Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars (N$6 billion) in the Etango Project, a uranium mining venture located in the Erongo region. The company has already spent more than one billion Namibia dollars (N$1 billion) on the project to date. The General Manager of Bannerman Resources Namibia, Werner Ewald shared that the company is on track to […]

30 January, 2025

Business / Economics

European Union’s global gateway supports Namibia-Portugal deal

The Namibian Ports Authority (Namport) and the Port Administration of Sines and Algarve, SA (Administracão dos Portos de Sines e do Algarve) have signed a Memorandum of Understanding (MoU) to collaborate on the development of sustainable, green, and digital logistics corridors. The agreement aims to strengthen trade, connectivity, and investment between Namibia and Portugal, leveraging the two countries' historical and economic ties. Namport CEO Andrew Kanime. Namport CEO, […]

30 January, 2025

World

Greenlanders overwhelmingly reject US affiliation, poll finds

Denmark's Prime Minister, Mette Frederiksen A new poll conducted in Greenland has revealed a vast majority of its residents oppose joining the United States. Trent Murray has the details. A poll conducted by Verian and commissioned by Danish newspaper Berlingske and Greenland’s Sermitsiaq publication found that 85% of Greenlanders oppose becoming part of the US. Only 6% expressed a preference for US affiliation, while 9% remained […]

30 January, 2025

Business / Economics

SA Reserve Bank eyes third consecutive rate cut

The South African Reserve Bank (SARB) is expected to lower the benchmark interest rate by 25 basis points to 7.5% on Thursday, marking the third consecutive rate cut. The decision, expected to be unanimous among the six-member monetary policy committee, comes as the central bank navigates economic uncertainty driven by global factors. Governor of the SARB, Lesetja Kganyago Governor Lesetja Kganyago will announce the […]

30 January, 2025

Namibia

Namibia Fact Check, Africa Check discuss future of election monitoring

Namibia Fact Check, in collaboration with Africa Check, held an election fact-checking coalition review conference in Windhoek on Wednesday. The purpose of the conference was to assess their efforts in combating misinformation and disinformation during the 2024 Presidential elections. Frederico Links from Namibia Fact Check stressed the importance of evaluating the coalition's response and discussing future strategies. He noted that as the elections approach, it […]

30 January, 2025

World

North Korea prepares for stronger nuclear forces

Kim Jong Un, in a photo released by state media, watches from a red carpet during a send-off for young workers drafted into flood reconstruction. Photo: KCNA/AFP/Getty Images North Korean leader Kim Jong Un has expressed his intention to strengthen the country's nuclear capabilities this year, according to state media reports. This announcement comes just days after U.S. President Donald Trump mentioned plans to reach out to Kim, raising hopes […]

29 January, 2025