Prosecutor general (PG) Martha Imalwa says she and her team are meticulously examining documents detailing the alleged looting of the Small and Medium Enterprises (SME) Bank to determine whether any criminal activity contributed to the bank’s closure in 2017. Supreme Court judge Dave Smuts two weeks ago directed the court’s registrar to provide a set...
Gil Holzman, CEO and President of Eco Atlantic has said that they expect more activity in Namibia’s orange as the country continues to yield excitement after recent oil discoveries. “Namibia has witnessed some of the largest exploration discoveries in recent years, thanks to small explorers never giving up and better exploration technology allowing the industry...
The Ministry of Industrialisation and Trade says crafting a National Trade Policy will boost domestic economic activities, including exports and accessing external markets. This comes as Cabinet recently approved the Draft National Trade Policy, which aims to contribute towards Namibia’s economic diversification by promoting and stimulating a competitive trade sector to increase the export of...
Study reveals 75 percent of the world’s industrial fishing vessels are hidden from public view WASHINGTON, D.C., Jan. 03, 2024 (GLOBE NEWSWIRE) — A new study published today in the journal Nature offers an unprecedented view of previously unmapped industrial use of the ocean and how it is changing. The groundbreaking study, led by Global Fishing Watch, uses...
The Stampriet Aquifer Uranium Association remains adamant that the proposed mining activity on one of the aquifers that contains abundant and precious water should not continue as planned by the Uranium One group. The association presented their scientific findings through a geologist, Dr. Roy Miller, to the Parliamentary Standing Committee on Natural Resources, Economic, and...
Washington, 04 October 2023 — Sub-Sahara Africa’s economic outlook remains bleak amid an elusive growth recovery. According to the latest World Bank Africa’s Pulse report, rising instability, weak growth in the region’s largest economies, and lingering uncertainty in the global economy are dragging down growth prospects in the region. Economic growth in Sub-Sahara Africa is...
The construction sector’s poor performance outlook is set to continue to impact unemployment rates, as revealed by July building statistics analysis from Simonis Storm Securities (SSS). According to SSS fewer plans were approved and completed year-to-date compared to the same period during the pandemic year (2020), making it more likely to expect the 6th consecutive...
Maria David THE Oneshila Business Trade Fair, aimed at promoting the town’s economic activities and ensuring development, continues to contribute to the local economy. The fair, which marks the first-ever Oneshila Business Trade Fair, was officially opened on Friday by Leonard Hango, Oshakati Town Mayor. Cornelius Kapolo, the head of local development for the town,...
