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The European Commission (EC) last week designated Namibia as a high-risk jurisdiction for antimoney laundering (AML) and counterterrorism financing frameworks (CFT). The EC updated the European Union (EU) list of high-risk jurisdictions and placed Namibia in high-risk jurisdictions such as Algeria, Angola, Côte d’Ivoire, Kenya, Laos, Lebanon, Monaco, Nepal and Venezuela. The EC’s decision is...
Not capitalising on its abundant uranium resources to generate nuclear power sooner than later will deprive Namibia of a reliable energy source which will result in missed economic and job creation opportunities. This is according to Set-son Shifidi, a Namibian energy engineer. He said taking early action will help Namibia meet its future energy needs,...
Government, through the finance ministry, is actively reducing the country’s reliance on external borrowing in favour of prioritising the domestic financial market. Currently, government’s borrowing plan involves financing debt with 80% from domestic sources and borrowing and 20% from external sources. Also, most of Namibia’s external debt is denominated in South African Rand to avoid...
An extremely affordable option for your budget is JAC’s T6 double-cab bakkie. It boasts the largest cargo area in its class, allowing ample space for loads and tools, with an option for a longer flat deck. Retailing at JAC Motors starting at N$409 900, the T6 is attracting many potential buyers looking for a reliable...
Government, through finance minister Ericah Shafudah, has reiterated it is not considering any drastic expenditure cuts. She said such cuts would have severe and lasting implications on the livelihood of society, as most of the expenditure goes to social spending. Instead, government is implementing policy and structural reforms in the long term to place the...
FNB analysts expect inflation to ease further to 3.3% year-on-year (y/y) in June, supported by favourable fuel base effects and muted utility inflation following NamPower’s lower-than-expected 3.8% tariff increase. This outlook is contained in FNB’s Namibia’s CPI Review for May 2025, by its economist Helena Mboti. “With core inflation remaining elevated, we maintain our view...
Sub-Saharan Africa ranks sixth in terms of the global gender gap, with a current score of 68% according to the World Economic Forum (WEF). In its latest Global Gender Gap Report 2025, released this week, the WEF notes Sub-Saharan Africa displays wide variation across countries, but its success stories demonstrate that progress is possible in...
Never in the history of Namibia’s toughest rally has anyone won the event three times. That is, until this past weekend, when driver Wilro Dippenaar and his navigator Carolyn Swan, secured their third consecutive win at Namibia’s most iconic motorsport event, the oldest known rally in Africa and perhaps the toughest rally on the continent,...
Government, through the finance ministry, is actively reducing the country’s reliance on external borrowing in favour of prioritising the domestic financial market. Currently, government’s borrowing plan involves financing government debt with 80% from domestic sources and borrowing and 20% from external sources. Moreover, most of Namibia’s external debt is denominated in South African Rand to...
The global copper market is increasingly facing more and more challenges that are resulting in increased smelting capacity in major copper-producing regions, which ultimately translates into substantial overcapacity. This phenomenon, exacerbated by the negative impacts of United States tariffs on demand, outweighs supply growth and has led to a shortage of copper concentrate, placing pressure...