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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

1224 Results / Page 132 of 136

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Africa

Tanzania is moving forward with plans to use its extensive natural gas reserves as a substitute for gasoline in transportation. However, there are concerns about its long-term sustainability.

By Bonface Orucho, via bird story agency Tanzania has pushed East Africa into a new era of gas-powered mobility with the commissioning of the country's first integrated compressed natural gas (CNG) filling station and conversion centre. TAQA Dalbit, a joint venture of Egyptian energy company TAQA Arabia and JCG Oil &Gas announced the inauguration of the facility branded as "Master Gas" on November 11. A press statement by TAQA Arabia […]

todayNovember 22, 2023 20

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Business / Economics

Standoff continues at OpenAI

More than 700 members of staff at OpenAI - almost the entire workforce - have now signed a letter calling for the company's board to bring back ousted CEO Sam Altman. The employees say the board is incapable of overseeing AI and should resign. Microsoft has already given Altman a job heading up a new AI department. Our US correspondent Nick Harper reports.

todayNovember 22, 2023 17

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Business / Economics

Musk sues nonprofit over antisemitic accusation

Elon Musk has sued Media Matters for America accusing the nonprofit of trying to drive advertisers from the social media platform X. This comes after the advocacy group accused the site formerly known as Twitter of posting adverts alongside antisemitic content. Musk was recently accused of antisemitism after seemingly endorsing a post that accused Jewish communities of advocating for hatred against white people. Musk denies this saying he was only […]

todayNovember 22, 2023 14

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Africa

Namibia, Botswana and South Africa sign Trans Kalahari Corridor MoU

Namibia, Botswana, and South Africa have signed a Memorandum of Understanding on the 'Development and Management of the Trans Kalahari Corridor'. The MoU aims to improve trade relations and facilitate the movement of goods and people along the corridor and the broader region. To implement this, law enforcement agents from the member states are establishing checkpoints along the Trans Kalahari Corridor for trade facilitation. The Ministry of Works and Transport’s […]

todayNovember 21, 2023 71 2

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Business / Economics

Ministry of Mines and Energy concerned over sale of licenses

The Ministry of Mines and Energy on Monday cautioned individuals and entities that are selling licences and certificates issued by the ministry, indicating that they are doing so in contravention of the law as they are non-transferable. “The ministry has observed with deep concern the proliferation of advertisements on social media platforms wherein individuals or entities are offering to sell wholesale fuel licences and retail fuel licences and are marketing […]

todayNovember 21, 2023 23

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Business / Economics

NaCC launches investigation into alleged price fixing of quota usage fees

The Namibian Competition Commission (NaCC) has launched an investigation into the alleged price fixing of quota usage fees paid to fishing rights holders by various fishing vessel owners and operators. This comes after the NaCC received evidence suggesting possible cooperation among numerous vessel owners and operators in the Namibian fishing industry on 18 August 2023 and 22 September 2023, respectively. The alleged collusion takes the form of fixing fishing quota […]

todayNovember 21, 2023 10

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Business / Economics

Capricorn Group, Capricorn Foundation, and Bank Windhoek Unite for Namibia’s COP28 Pavilion

The Capricorn Group, in collaboration with the Capricorn Foundation and Bank Windhoek, has pledged a joint donation of N$500,000 to the Ministry of Environment, Forestry, and Tourism. The funds are earmarked to support Namibia's representation and pavilion at the upcoming COP28 conference scheduled to be held in Dubai, UAE, from November 30 to December 12, 2023. This marks the second consecutive year of contributions from Capricorn Group and its affiliates […]

todayNovember 21, 2023 17

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Africa

Urgent reforms needed to address unemployment crisis. BUT is Namibia’s labour force competent enough?

It's undeniably a crisis! Namibia is finding itself at a critical juncture as recent statistics from a survey conducted by the Economic Policy Research Association reveal the negative reality of the country’s job market. An alarming 56% of over 500 local businesses surveyed express difficulty in securing competent and skilled employees, with 30% describing the situation as "extremely difficult." This data highlights the immediate need for Namibians to align their […]

todayNovember 21, 2023 22

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Business / Economics

Major U.S. bank makes management overhaul

Citigroup has announced it's undergoing a major overhaul of its management structure with sweeping layoffs expected. Some leadership changes are set to be unveiled as part of a move seen as the American bank's biggest reshuffle in nearly 20 years. William Denselow reports from New York.  

todayNovember 21, 2023

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