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BoN reduces repo rate to 7%
04 Dec 2024
The Bank of Namibia has decided to cut the repo rate by 0.25%, bringing it to 7% from 7.25% Governor of the central bank, Johannes !Gawaxab, says the decision was unanimous. “To continue supporting the domestic economy while safeguarding the Namibian dollar to the South African rand, the monetary policy committee unanimously decided to reduce […]
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Danish brewer Carlsberg sells Russian business
04 Dec 2024
Danish brewer Carlsberg yesterday announced an agreement to sell its shares in its Russian unit – a day after president Vladimir Putin signed a decree ending state control of the business. Carlsberg, like many other Western firms, in March 2022 announced it would leave Russia, where it employed 8 400 people, following Moscow’s invasion of […]
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Empowering teams to embrace new technology
04 Dec 2024
In today’s workplace, technology is constantly changing and organisations are forced to change if they want to stay competitive. Successful change is not just about deploying new technology but also ensuring staff are valued and empowered to adopt such technology. When we push for new technology, what we are doing is not just installing tools […]
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N$383m German support for water security, informal settlement upgrades
04 Dec 2024
Germany and Namibia have signed three agreements to improve water supply in the north central regions and upgrade informal settlements. This will see Germany giving N$383 million in grants to Namibia through the Kreditanstalt für Wiederaufbau (KfW) Development Bank. A joint statement from the National Planning Commission and the Embassy of Germany on Monday announced […]
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NEFF wants election results audited
04 Dec 2024
The Namibia Economic Freedom Fighters (NEFF) wants an independent audit of the election results and processes. In a press statement issued on Wednesday, NEFF reiterated their rejection of the election results announced by the Electoral Commission of Namibia (ECN). The commission on Tuesday evening announced Swapo’s Netumbo Nandi-Ndaitwah as the president-elect, with the ruling party […]
The post NEFF wants election results audited appeared first on The Namibian.
Growl is building the Peloton of boxing
04 Dec 2024
There’s a new connected fitness device in town and it’s called Growl. Inspired by hardware companies like Peloton and Tonal, Growl is building a boxing bag that you can attach to your wall at home. Users can then start immersive, gamified boxing classes from the comfort of their home. It also looks like the team […]
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Data resilience firm Veeam scores $15B valuation in $2B secondary sale
04 Dec 2024
Veeam, which helps its users secure and recover their data, has seen its valuation spike in a recent secondary sale that was aimed at bolstering the company’s cap table before an eventual IPO. The Insight Partners-backed company said on Tuesday it had raised $2 billion in a secondary share sale that valued it at $15 […]
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President Mbumba congratulates Nandi-Ndaitwah on historic presidential victory
04 Dec 2024
President Nangolo Mbumba has extended heartfelt congratulations to Swapo leader Netumbo Nandi-Ndaitwah following her historic victory in the 2024 presidential and National Assembly elections. Nandi-Ndaitwah secured 57.3% of the votes and is set to become Namibia’s first female president when she assumes office on 21 March 2025. In a message released shortly after the Electoral […]
The post President Mbumba congratulates Nandi-Ndaitwah on historic presidential victory appeared first on The Namibian.
Walvis gets Namibia’s largest liquid mud plant
04 Dec 2024
Baker Hughes, a global energy technology company, has opened various facilities in Namibia. This includes a liquid mud plant, a cement bulk facility and an integrated multimodal facility to serve offshore oil and gas operations in Namibia. In an announcement made last week, the company said the mud plant will support Namibia’s energy industry and […]
The post Walvis gets Namibia’s largest liquid mud plant appeared first on The Namibian.
This ex-Scale AI leader built a platform to automatically extracts insights from customer feedback
04 Dec 2024
In this hyperconnected world we live in, it’s easier than ever to send feedback to the companies we patronize. But just because businesses offer more ways to get in touch doesn’t mean they’re poring over every comment. According to a 2020 survey from Productboard, 90% of companies fail to successfully capture feedback from all channels […]
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Nande wins Gold Cup
04 Dec 2024
Likius Nande won the annual Gold Cup sponsored by Kunene Catering Services at the Windhoek Golf Club over the weekend. Nande won the event over 54 holes after beating Henry Mudge on a play-off as both players finished with a gross score of 222. Walter Heibeb had the best nett score of 217, while Jackson […]
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Erastus tenure as MTC managing director extended
04 Dec 2024
The Mobile Telecommunications Limited (MTC) board has renewed the fixed term contract of its current executive director, Licky Erastus, for another five years. The company said the decision was taken because of Estatus’s ability to steer the company to a better financial future. MTC has also applauded Erastus’ performance over the last five years, citing this […]
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Namibia eyes kickboxing success at African championships
04 Dec 2024
Namibia aims to make history at the Wako Africa Continental Championships in Johannesburg, South Africa, from 9 to 12 December. The World Association of Kickboxing Organisations (Wako) sanctioned event will be the biggest gathering of African kickboxers, providing a gateway to the World Games 2025 to be held in Chengdu, China. Being in the reckoning […]
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Nandi-Ndaitwah elected as Namibia’s first woman president
04 Dec 2024
Swapo vice president Netumbo Nandi-Ndaitwah has been elected as Namibia’s fifth president, making history as the country’s first woman to hold this position. She won with 638 560 votes, followed by Independent Patriots for Change (IPC) leader Panduleni Itula with 284 186 votes. This was announced by the Electoral Commission of Namibia (ECN) chairperson of […]
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