Business / Economics

Youth Invited to Participate in CRAN Tech Challenge

Communications Regulatory Authority will kick off its first Tech Challenge starting today, targeting citizens aged 18–35. Participants can submit operational or prototype solutions in AgriTech, HealthTech, and freelance economy tools, promoting innovation, digital access, and youth engagement, according to spokesperson Mufaro Nesongano.

20 October, 2025

Business / Economics

Petrofund and Baker Hughes have Partnered to Strengthen Energy Skills Development

Petrofund and Baker Hughes have entered into a Memorandum of Understanding aimed at developing local Field Service Engineers in the energy sector. The agreement was signed in Windhoek during a session with energy and petroleum stakeholders hosted by the Namibia Investment Promotion and Development Board. Petrofund Chief Executive Officer Niillian Mulemi spoke about the collaboration with our Angie Scholtz.

17 October, 2025

Business / Economics

Touch One Foundation Targets Youth Awareness in Energy Sector

Picture: One Africa Tv, NewsOnOne, Ritta Lotto The Touch One Foundation has been launched to teach high school students about the growing oil and gas industry. Chairperson Steven Shihepo cautioned that young people could be left behind if they are not well-informed and prepared for the sector’s opportunities, according to NewsOnOne’s Ritta Lotto.

16 October, 2025

Business / Economics

Namport defends itself against poor world bank container port performance rating

By: Hertha Ekandjo The Namibia Ports Authority (Namport) has strongly defended its container handling performance following a poor rating by the World Bank in its 2024 Container Port Performance Index (CPPI). According to the World Bank’s latest report, Namport was ranked 376th out of 405 ports globally, based on efficiency metrics such as ship turnaround time, the duration from a vessel’s arrival to its departure and the amount of cargo […]

15 October, 2025

Business / Economics

All Eyes on Bank of Namibia’s Interest Rate Announcement

The Bank of Namibia’s Monetary Policy Committee is expected to announce its latest interest rate decision today. With the repo rate at 6.75% and South Africa’s at 7.25%, economists say the move could influence inflation and currency stability. Cirrus Capital’s Robert McGregor provided his outlook before the announcement.

15 October, 2025

Africa

Economists say dealing with inflation and cost-of-living are key to unlocking Africa’s economic stability

(Photo credit: Nela Shikemeni) Economists say Africa’s path to economic stability depends on addressing inflation, disinflation, and the escalating cost of living. Theo Klein, an analyst at Oxford Economics in Cape Town, noted that government subsidies, surging food prices, and political factors are among the strongest forces driving household spending pressures across the continent. Klein explained that sustainable growth will require policies that not only curb inflation but also strengthen […]

14 October, 2025

Africa

Canal+ completes MultiChoice acquisition

(Photo credit: REUTERS/Esa Alexander) Originally published by Broadcast Media Africa French media giant Canal+ has officially acquired approximately 94.39 percent of MultiChoice Group’s issued ordinary shares, following a highly successful mandatory buyout in which more than 90 percent of shareholders agreed to the sale. According to a joint statement released by the two companies, Canal+ will now proceed with a “squeeze-out” process under section 124(1) of South Africa’s Companies Act, […]

14 October, 2025

Business / Economics

Report Flags Rising Use of Procurement Exemptions

The 29th edition of the Procurement Tracker has raised alarm over the government’s growing reliance on procurement exemptions. Researcher Frederico Links from the Institute for Public Policy Research warns that while exemptions are meant to accelerate spending, they could erode transparency, accountability, and value for money. He urges authorities to maintain a balance between efficiency and integrity in public procurement.

14 October, 2025

Business / Economics

Inflation Rises to 3.5% in September

The annual inflation rate increased to 3.5% in September from 3.2% in August, mainly driven by higher transport and housing costs. Simonis Storm economist Almandro Jansen noted that transport inflation rebounded to 1.3% after months of decline, largely due to rising vehicle prices, while food prices grew at a slower pace.

14 October, 2025