insert_link 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. today16 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 […] today15 October, 2025
insert_link 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. today15 October, 2025
insert_link 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 […] today14 October, 2025
insert_link 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, […] today14 October, 2025
insert_link 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. today14 October, 2025
insert_link 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. today14 October, 2025
insert_link Africa Botswana enforces 24% local ownership rule in mining sector The Karowe Diamond Mine in Botswana (Source: Lucara Diamond) Botswana has officially enforced a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government decides not to take the share itself, the Ministry of Minerals and Energy confirmed on Friday. The rule, which came into effect on 1 October, is part of amendments to the Mines and Minerals Act aimed at […] today13 October, 2025
insert_link Business / Economics Trustco hits back at the Johannesburg Stock Exchange over a US$75 million mining deal Trustco Group Holdings' office in Windhoek, Namibia Trustco Group Holdings has hit back at the Johannesburg Stock Exchange (JSE) following a public censure and financial penalty related to its USD 75 million investment in Meya Mining. The company says the transaction, announced in August 2022, had full shareholder backing, but was delayed by what it calls “regulatory interference” and “obstructive processes” by the JSE over more than two years. The […] today7 October, 2025
