Investment

UN Chief delivers optimistic new year’s message

The world continues to struggle with unprecedented challenges from the Los Angeles fires to the Ukraine war, but there are also reasons for cautious optimism in 2025. On a long-awaited ceasefire in Gaza, climate action, gender equality, and more, Secretary-General António Guterres insisted on Wednesday. In his traditional New Year address setting out the global organisation's priorities, the UN chief acknowledged that it is understandable to get overwhelmed given the turmoil all […]

16 January, 2025 27

Business / Economics

No oil: Sintana Energy optimistic despite Kapana 1-X outcome

Exploration map TORONTO, 15 January 2025 — Sintana Energy Inc. has given an operational update on the Kapana 1-X exploration well, located on Block 2813B within Petroleum Exploration License 90 (PEL 90). The block is operated by Harmattan Energy Limited, a subsidiary of Chevron Corporation, with Trago Energy (Pty) Ltd., a Custos Energy subsidiary in which Sintana holds a 49% indirect interest, owning a 10% working interest in the […]

16 January, 2025 31

Business / Economics

Shell’s challenges may reflect wider issues for oil drilling companies

Shell used the Deepsea Bollsta rig, formerly known as West Bollsta for its drilling campaign in Namibia's Orange Basin; Source: Odfjell Drilling Energy lawyer Shakwa Nyambe has cautioned that the challenges Shell is facing in the Orange and Walvis Basins may soon affect other oil drilling companies operating in these regions. His remarks follow the UK-headquartered energy giant's recent write-down of US$400 million in the Orange Basin. Speaking to […]

13 January, 2025 105

Business / Economics

S.A’s Ramaphosa Urges Stronger Trade and Investment with Angola

S.A President Cyril Ramaphosa has called for stronger trade and investment ties between South Africa and Angola. Speaking during the state visit of Angolan president João Lourenço, Ramaphosa said both countries must explore new economic opportunities beyond the oil sector, particularly in areas such as infrastructure, agriculture, and renewable energy:

13 December, 2024 39

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Opinion Pieces

Namibia Economic Performance under H.E. Dr. Netumbo Nandi-Ndaitwah

Josef Kefas Sheehama As an independent economic and business researcher and board member of the African Council on Foreign Relations, I would like to celebrate Namibian history by extending my heartfelt congratulations to H.E. Dr. Netumbo Nandi-Ndaitwah, Namibia's first female president-in-waiting and therefore first female president of the Southern African Development Community (SADC). One must be familiar with Iceland's first female president, Vigdís Finnbogadottir, who was elected in 1980. […]

11 December, 2024 15 2

Business / Economics

Trustco Calls General Meeting for Legal Shield Holdings Acquisition Vote

Trustco has set a General Meeting for January 7, 2025, where shareholders will vote on acquiring an additional 1,135 shares in Legal Shield Holdings for N$469 million, increasing its stake to 91.35%. The deal, initially announced in April 2024, was detailed in a circular sent to shareholders. TrustCo's Neville Basson:

6 December, 2024 32

Business / Economics

EU Delegation Hosts Trade and Investment Workshop

The EU Delegation to Namibia held a workshop discussing EU-Namibia trade relations, presenting key findings from a study by economist Robin Sherbourne. The study showed the EU was Namibia's top foreign investor in 2023, contributing N$12.7 billion, with a diversified export mix including renewable energy projects. Ana Beatriz Martins is the EU Ambassador to Namibia: According to Salomo Hei, Managing Director of High Economic Intelligence, more funding should be directed […]

5 December, 2024 21

Business / Economics

Economist Urges Reforms as South Africa’s GDP Shrinks by 0.3%

In S.A, North-West University Business School economist, Raymond Parsons, has called for urgent economic reforms following the disappointing gross domestic product growth figures for the third quarter, when it decreased by 0.3-percent. Parsons calls for more investment and faster reforms from both the public and private sectors to drive job-rich growth and improve the economy:

4 December, 2024 27

Namibia

Rehoboth Welcomes Ronald Windswaai as New CEO

Ronald Robert Windswaai has been appointed as the new CEO of Rehoboth Town Council. With over 28 years of experience in local government, he began his career with the council in 2011 and returned in 2022 as HR Manager after serving as CEO of Aranos Town Council. Windwaai holds several qualifications, including a Bachelor’s degree in Business Administration, and is currently pursuing a Master’s degree. His leadership aims to transform […]

26 November, 2024 128