News

The Green Hydrogen Fund is now targeting N$5.83 billion in its initial fundraising phase, following a reduction from its original N$16.67 billion goal. It has so far secured N$2.15 billion to finance green hydrogen and green industrial projects locally. Namibia Energy Transition Fund Managers Chief Executive Mercia Geises explains the revised target and fundraising progress. The post Green Hydrogen Fund Revises Fundraising Target appeared first on Future Media News.

European air travel has faced widespread disruption following a string of suspected hoax bomb threats targeting passenger flights. The latest incident involved a Ryanair aircraft travelling from London Stansted to Bulgaria’s capital, Sofia, which was diverted on Wednesday. Military jets have been deployed in several countries to escort affected planes, although no explosives have been discovered as reported by our correspondent Olly Barratt from London. The post Bomb Threats Disrupt […]

AngloGold Ashanti is planning a 900-million-dollar investment to expand its gold production capacity by at least 400,000 ounces annually by 2030. Reuters say the world’s fourth-largest gold producer intends to achieve this mainly through upgrades and expansions at existing operations in Tanzania, Guinea, Brazil and Ghana. The company says higher gold prices helped push third-quarter earnings up by 12% to 1.57 billion dollars. The post AngloGold Ashanti Plans $900 Million […]

South Africa’s MK Party is cautiously optimistic about its performance in the 2026 local government elections, according to first deputy president Duduzane Zuma. He says the party has strengthened its preparations for possible coalition negotiations compared with 2024 and will consider working with parties that share its values and policy positions, particularly on economic development. The post MK Party Confident but Cautious Ahead of Elections appeared first on Future Media […]

Price increases for alcoholic beverages and tobacco have slowed significantly, offering some relief to consumers. October figures show annual inflation in the category declining to 2.4%, compared with 4.6% during the same period last year. Alcohol inflation eased to 2%, while tobacco inflation stood at 4.1%. Cigarette price increases also slowed from 4.8% to 2.2%. On a monthly basis, prices across the category recorded no overall increase. The post Alcohol […]

Fraud poses a significant threat to Namibian businesses, with potentially devastating financial and reputational consequences. Speaking at the Namibia Trade Network’s Business Club session under the theme “Trust Under Attack”, PwC panellist Hans Hashagen warned that organisations should not rely on trust alone to protect themselves against fraud. He stressed the importance of strong internal controls, proper background checks and due diligence when employing staff. He said that while some […]

U.S. President Donald Trump is facing growing pressure from within his Republican Party following midterm election losses that handed Democrats control of Congress. Republicans are calling for changes to his White House team and a rethink of policies on Iran and tariffs, with Vice-President JD Vance blaming the Iranian conflict for the losses. Trump, however, has dismissed the results as a personal setback and shown little willingness to change course. […]

A nationwide general strike is under way across France, with hundreds of thousands of people expected to take part in demonstrations. Intelligence services estimate that up to 700,000 protesters could gather outside Paris, while the capital could see as many as 80,000 demonstrators. Interior Minister Laurent Nunez has announced the deployment of 70,000 police and security personnel. He has also warned that authorities will respond firmly to any violence. The […]

Ethiopia and Sudan have shut down each other’s consulates near their shared border, signalling further deterioration in diplomatic relations. According to Reuters, Sudan accuses Ethiopia of supporting the paramilitary Rapid Support Forces. Ethiopia, in turn, alleges that Sudan is backing rebels in its northern Tigray region. Both countries have denied the accusations. The growing tensions have raised concerns that the two conflicts could spill across national borders. This could trigger […]