When the recently- tabled national budget is unpacked, it emerges that only 12% of the allocated funding directly goes into building the roads, schools, hospitals, water, electricity and rural infrastructure. These are items that Namibians need most, said Swapo parliamentarian Fenny Nanyeni. She urged that Namibia should ensure its borrowing decisions directly support capital formation,...
The Namibia Civil Aviation Authority (NCAA) recently scooped the prestigious Best Civil Aviation Authority award during Aviation Week Africa held in Livingstone, Zambia. The continental recognition celebrates outstanding performance, regulatory excellence and commitment to aviation safety and service delivery across Africa. The NCAA says this achievement is a direct result of the tireless efforts and...
Canadian oil and gas explorer Reconnaissance Energy Africa (ReconAfrica) has provided a drilling update on what the company’s leadership calls its largest and most attractive well, known as Prospect I. Prospect I is located onshore Namibia in Petroleum Exploration Licence 073. It is ReconAfrica’s largest prospect to be drilled so far. With this exploration...
In recent years, financial inclusion has taken centre-stage as a key driver of economic growth, poverty reduction and prosperity. In this regard, deposit insurance schemes are among the key vehicles through which financial inclusion is enhanced. This was the sentiment expressed last week by Michael Humavindu, executive director in the finance ministry, at release of...
The M&Z Motorsport Team once again dominated the CR1 category during the opening leg of the 2025 National Rally Championship that commenced with the Swakopmund Rally last weekend. Driving their modified JAC T8 bakkie, the M&Z team, consisting of driver Ekko Eisenberg and navigator, Horazio “Rassie” Rietz, promised more exciting races and more podium finishes...
The iconic Subaru brand has re-entered the Namibian market. Having exited the domestic market many years ago, Subaru is making an aggressive domestic comeback – not only in Namibia but throughout the region. Subaru Southern Africa is investing in new additions, such as new dealerships and new dedicated after-sales service offerings. These additional investments are...
Uranium company Deep Yellow has decided to focus on early works infrastructure and initial engineering for its Tumas Project in the Erongo region. Continuing with these carefully- considered programmes is expected to ensure a seamless and quick transition to the execution phase once suitable market conditions exist. This means Deep Yellow has delayed its Final...
Namibia’s total debt stock is projected to reach N$172 billion during this financial year. This represents 62% of gross domestic product (GDP), down from 66% of GDP last year. Although still higher than preferred, this level of national debt can be sustainable if properly managed. However, revenue risks, coupled with interest rate projections, could potentially...
Economic analysts expect Private Sector Credit Extension (PSCE) growth to remain sluggish as Namibian households show limited demand for long-term credit, while corporate lending continues to expand. This is as PSCE growth slowed to 3.9% in February 2025, down from 4.1% in January, but up from 1.7% a year ago. Providing an analysis of the...
Tariff retaliation and escalating trade tensions might signal the start of a global trade war where, like grass when two elephants clash suffers the most, consumers around the world will bear the brunt the most. Consumers, analysts stated, will most likely be paying the price for the most sweeping tariffs yet imposed by United States...