Namibia: Latest News

  • Is MTN Recruiting Bankers Because It Wants To Buy Barclays Africa?

    By Dana Sanchez, 11:56 am

    MTN making a bid to buy Barclays Africa assets might sound far-fetched and ridiculous – but an MTN bank with operations in 14 African countries would shake up both the cellular and financial services industries. MTN has a track record in integrating big assets. Two new hires at MTN include top-ranking executives with heavy banking experience. Building its own fintech solutions would be expensive for MTN. The trend is for fintech startups to partner with banks rather than telecoms.

  • 12 Things You Didn’t Know About the Economy of the Zambezi River

    By Keren Mikva, 4:50 pm

    It’s the fourth-longest river in Africa, and vital to the economies of countries it runs through. The fertile Zambezi river basin plays host to a vast variety of wildlife, including crocodiles, lions, and hundreds of bird species. While some species are protected, hunting safaris are common. But areas once considered protected are also being exploited for mining. Australian-owned company Zambezi Resources received a 25-year license to mine for copper in the Lower Zambezi National Park.

  • Is Desalination The Answer For Africa’s Water Shortages?

    desalination the answer for Africa's water By Dana Sanchez, 3:57 pm

    Sub-Saharan Africa is largely dependent on rainfall, which has been erratic lately, and new partnerships are being forged from necessity. In May, South Africa announced a partnership with Iran to develop desalination plants along all coastal communities to boost water supplies. Algeria is using desalination on a large scale. South Africa is the main user of desalination technology in sub-Sahara. Ghana and Namibia also have operational plants.

  • Of The World’s 10 Cheapest Cities For Expats, 7 Are In Africa

    cheapest cities for expats By Dana Sanchez, 3:07 pm AFKI Original

    When multinational companies expand in Africa, they often send employees there on assignment. How much they pay these employees depends a lot on fluctuations in currency, inflation and accommodation prices. New York City-based human resources consulting firm Mercer has carved out a niche for itself for the last 22 years by compiling data that help big companies decide what to offer by way of expat packages. These are the 10 cheapest places to live out of 209 cities around the world if you’re an expat.

  • African Hotels See Dizzy Growth, But Zimbabwe-Listed Group Is Laying Off Workers

    African hotels see dizzy growth By Dana Sanchez, 10:54 pm

    Nigeria and Angola, the two African countries hit hardest by falling oil prices, have the highest number of hotels in the development pipeline this year. Zimbabwe-listed hospitality group African Sun laid off nearly 250 employees citing dwindling tourist numbers, lower room rates and the country’s deteriorating economic environment. About a third of the hotel deals signed between 2009 and 2013 haven’t materialized, mainly due to lack of financing. Carlson Rezidor is one that’s delivering.

  • Mo Ibrahim Tells African Leaders ‘No Prize For You, Get A Life’

    Mo Ibrahim Tells African Leaders By Dana Sanchez, 7:46 pm

    Goodluck Jonathan seems to have met the criteria for the Mo Ibrahim $5 million prize. He was democratically elected, served a constitutionally mandated term, and “demonstrated exceptional leadership,” according to a local media outlet. Ibrahim had some tough words for African leaders. “Excellence is excellence,” he said. He criticized leaders who crack down on gays instead of focusing on issues, like Kenyatta in Kenya, where gay sex is a crime. “Don’t tell people whom they should love,” he said.

  • The Best Places To Go Sandboarding In Africa, And Beyond

    sandboarding in africa By Lara Moses, 7:00 pm

    Sandboarding is growing in popularity throughout Africa, and the world. The best thing about this adrenaline-pumping sport is that you don’t have to wait for winter to come around to do it! Whether you’re just learning to sandboard or are a seasoned pro, it is something you have to try at least once in your life. Here are 15 of the best places to go sandboarding in Africa — and beyond.

  • Marriott Expands Into Botswana, Rebrands Protea Hotels

    Marriott rebrands Protea hotels By Dana Sanchez, 6:28 pm

    U.S. hotel firm Marriott, which bought South African hotel chain Protea in 2014, wants to reposition Protea from being a strong regional player to a globally recognized brand with international appeal by leveraging the power of its name, the parent company said. The Protea brand name may be changing, but among South African youth, it has been voted the coolest hotel brand six years in a row

  • 8 Of The Largest Diamonds Ever Found In Africa

    largest diamonds ever found in Africa By Julia Austin, 12:21 pm AFKI Original

    Four of the world’s 20 largest diamonds have been found at Lesotho’s Letseng mine — at 10,000 feet, the world’s highest-elevation diamond mine. In 2008, miners of Lesotho Gem Diamonds found a white 500-carat diamond in Letseng. It had very few inclusions, a rare color and was valued at $12 million before being cut up. Africa has more top diamond-producing countries than any other continent, and it’s the site of some mind-blowingly huge gemstones.

  • South Africa To Double Tax-Free Wine Exports To EU In Asymmetrical Deal

    South Africa to double tax-free wine exports to EU By Dana Sanchez, 9:22 am

    Under the trade agreement, the E.U. will guarantee Botswana, Lesotho, Mozambique, Namibia, and Swaziland 100 percent free access and South Africa 98.7 percent. SACU member countries do not have to respond with the same level of market openness. Instead, they can keep tariffs on products sensitive to international competition. The E.U. has never agreed before to such a degree of asymmetry in any free trade agreement. Other development-oriented free trade agreements could soon follow in West and East Africa.

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