The Development Bank of Namibia (DBN) has reported a strong financial performance for the 2024/25 financial year, posting a 42% increase in operating profit to N$88.3 million, while securing significant new international funding lines and advancing its long-term strategic transformation. In DBN’s newly released 2024/25 Integrated Annual Report (IAR), the financial results mark the first...
Namibia and Russia are moving to shift their long-standing political relationship into a more structured economic partnership following a visit by Namibia’s Minister of International Relations and Cooperation, Selma Ashipala-Musavyi, to Moscow from January 12 to 14. Russia–Namibia trade remains modest but is growing. Bilateral trade turnover nearly doubled in 2024 to about US$11.7 million...
Rand Merchant Bank (RMB)’s decision to discontinue cash deposits in six foreign currencies has sparked criticism from industry players, reigniting debate about access to forex services, notice periods, and the growing shift away from physical cash in Namibia’s banking sector. Effective 15 January 2026, Rand Merchant Bank branches will no longer accept cash deposits in...
Fact: Some of the beneficiaries of the Government Institutions Pension Fund’s (GIPF) Housing Scheme will default on their home loans. While this may not be intentional, unforeseen circumstances or financial mismanagement will inevitably lead a pensioner to lose part of their pension because they defaulted on their loan. The question then remains: How will that...
Telecom Namibia has embarked on one of the most ambitious network modernisation drives in its history, committing hundreds of millions of Namibian dollars to overhaul ageing infrastructure, expand fibre and mobile coverage, and position the country for a more competitive digital future. For the current financial year, Telecom Namibia has earmarked approximately N$300 million in...
Namibia’s hake fishery has secured its second Marine Stewardship Council (MSC) certification, reinforcing the industry’s commitment to sustainable fishing practices. The hake industry contributes significantly to Namibia’s economy, accounting for approximately 7% of GDP and providing around 16 000 direct jobs. MSC certification has enhanced market access, allowing Namibian hake to meet global...
After months of eager anticipation, the domestic pickup segment is poised for a fresh entrant as the highly anticipated LDV Terron 9 prepares to hit local showrooms within the next two to three weeks. The arrival, confirmed by LDV Namibia management, marks a significant moment for both LDV and Namibian motorists, as this bold and...
As of next week Monday, 19 January 2026, all Schengen visa applications previously handled directly by the German Embassy will be processed exclusively through an external service provider called TLS Contact. This development will see the total Schengen Visa application fee increase by about N$500 because in addition to the visa fee, applicants will now...
On Saturday 10 January 2026, Ethiopian Airlines Group officially commenced construction of Bishoftu International Airport, which the airline stated stands as a defining project for both Ethiopia and African aviation, facilitating trade, tourism, and people-to-people interactions within Africa and beyond. Phase one of the project is expected to be completed by 2030 to accommodate 60...
Domestic headline inflation eased to 3.2% year-on-year (y/y) in December 2025, down from 3.4% in November and 3.4% a year earlier. For the entire 2025, Namibian inflation averaged 3.5%, which is the same figure recorded during the 12-month average from January 2024 to December 2025. Commenting on the latest inflation numbers from the Namibia Statistics...