insert_link Business / Economics Ministry Takes Action Against Xinfeng Investment for Illegal Mining The Mines and Energy ministryhas filed a police case against Xinfeng Investment for illegal mining in Uis, Erongo. The company was caught mining lithium under an exploration license during an unannounced inspection. Anna Salkeus from the ministry provided further details. todayDecember 19, 2024 15
insert_link Africa Apple Denies Using Conflict Minerals And Cuts Supply Ties with Congo Apple has strongly refuted claims of using conflict minerals in its products, announcing earlier this year that it directed suppliers to cease sourcing tin, tantalum, tungsten, and gold from the Democratic Republic of Congo and Rwanda. The company cited escalating conflict in the region as the reason for its decision, according to a statement to Reuters. todayDecember 18, 2024 3
insert_link Business / Economics FNB Namibia Warns Customers About Rising Holiday Fraud Tjirimuje Raseuatjo, FNB Namibia's Head of Operational Risk, has raised concerns about a surge in fraud cases during the festive season, particularly affecting those who may be more relaxed. The bank reminds customers that it will never ask for sensitive information like OTPs or passwords and urges them to take secure measures to protect their accounts. todayDecember 18, 2024 11
insert_link Business / Economics Economic Growth Slows As Inflation Declines According To BoN Josefina Oskar from the Bank of Namibia reported that the economy grew by 2.8% in Q3 of this year, slower than the 3.1% in the same period last year. The decline was mainly due to weaker agriculture and mining sectors, while manufacturing and construction saw growth. Inflation eased to 4.1%, with the headline rate dropping to 3.0% in October and November. todayDecember 18, 2024 15
insert_link Business / Economics Green Hydrogen programme attracts N$3.6 billion in investment The Namibia Green Hydrogen Programme has taken a significant leap from concept to implementation, securing N$3.6 billion in investments. Of this, N$1.6 billion has already been injected into the economy, signaling promising growth prospects for the nation. Speaking on the progress, spokesperson Jona Musheko highlighted the programme's commitment to local empowerment and skills development. He noted that “High Iron Oshivela has installed 42,000 solar panels, with the work being carried […] todayDecember 17, 2024 16
insert_link Business / Economics Nedbank Namibia Honors Long-Serving Employees Nedbank Namibia celebrated its annual Long-Service Award Ceremony in Windhoek, recognizing employees with service milestones ranging from 5 to 35 years. Managing Director Martha Murorua praised the dedication and loyalty of employees, acknowledging their feedback in shaping improvements like the wellness facility and Staff Banking Department. The event highlighted the bank's culture of commitment and excellence, further supporting its Employee Recognition Programme. todayDecember 17, 2024 7
insert_link Business / Economics Green Hydrogen Program Accelerates Progress Jona Musheko, spokesperson for the Namibia Green Hydrogen Program, hailed 2024 as a landmark year for the sector. He highlighted the transition from concept to implementation, with $3.6 billion in commitments and $1.6 billion already injected into Namibia's economy. In an interview with us, he added this: todayDecember 17, 2024 8
insert_link Business / Economics Telecom Namibia Data Breach Sparks Outcry Over Privacy Risks Prominent figures impacted by Telecom Namibia's data breach, which compromised the personal details of over 600,000 clients, raised alarm over cybersecurity lapses. Agriculture Minister Calle Schlettwein and PDM leader McHenry Venaani criticized the extensive storage of personal data by service providers, citing privacy risks. Activist Michael Amushelelo plans legal action against Telecom Namibia and has urged the CEO to step down. Concerns also extend to potential breaches of sensitive government […] todayDecember 17, 2024 21
insert_link Business / Economics Airports Company South Africa prepares for record festive travel Airports Company South Africa says it is ready to welcome record passenger volumes this festive season. Plans are in place to ensure smooth travel at its airports nationwide. During a briefing, ACSA's Group Executive Airport Operations Management Terence Delomoney announced measures such as improved infrastructure, e-Gates, optimised queues, and reliable baggage systems. todayDecember 16, 2024 17