The proposed National Upstream Petroleum Local Content Policy, which aims to promote skills development, local ownership and supplier opportunities for Namibians in the petroleum sector, is actually “designed to establish an enrichment conduit for the politically connected.” This is according to the management committee of the Economic Policy Research Association (EPRA), which advocates for pragmatic...
Of the N$106 billion national budget government announced for the current financial year, a significant amount representing billions of dollars will be spent on goods and services procured from the private sector. This substantial procurement, about 25% of Namibia’s GDP, is subject to stringent rules by the Procurement Policy Unit (PPU) in the finance ministry. ...
The highly-anticipated plug-in hybrid electric vehicle (PHEV) from JAC Motors is expected to grace Namibian showrooms by the beginning of next year. The new double cab T9 2.0L TGDI PHEV, powered by a robust 2.0L turbo-petrol engine and supported by two Permanent Magnet Synchronous Motors (PMSMs), one at the front and another at the rear,...
The decommissioning of the old fuel jetty at Namport and the full transition of fuel imports through the National Oil Storage Facility (NOSF) as of 1 August 2025 carries several implications for fuel security and price stability in Namibia. These implications entail enhanced storage capacity, centralised oversight, reduced risks as well as reduced delays, including...
The Nedbank Group will be focusing on Africa regions, specifically the Southern African Development Community (SADC), for future growth opportunities. The group, which recently posted strong financial results for the first half of 2025, has committed to re-investing some of its proceeds into SADC to ensure regional growth. Nedbank’s Africa Regions (NAR) cluster includes Eswatini,...
The president of the Chamber of Mines of Namibia George Botshiwe has cautioned that a potential increase in local ownership of up to 51% of mines operating in Namibia could have disastrous consequences for the domestic sector. His remarks are in response to a directive from Deputy Prime Minister and Minister of Industries, Mines and...
The 20Twenty Financial Solutions is shaking up the domestic home loan market by addressing what the company describes as a critical gap in the housing market. The wholly owned Namibian company is regulated primarily by the Namibian Stock Exchange (NSX), under whose framework it operates, as it raises capital through listed investment instruments. “Our home...
The sought after Ineos brand has become significantly more affordable locally after the Namibian sales office recently introduced a new pricing strategy. Inspired by the original Land Rover Defender of the 1980s, the Ineos brand continues to outshine in terms of reliability and capability compared to premium SUVs in its market segment. “We are constantly...
If managed well, Namibia’s hydrocarbon resources can be key enablers for industrialisation, infrastructure growth, skills development and poverty eradication both domestically and regionally. These were the remarks of Minister of Industries, Mines and Energy Natangwe Ithete at the third edition of the Namibia Oil & Gas Conference in Windhoek this week. The conference ends today. ...
The homegrown Pupkewitz Group, which this year celebrates 100 years of business in Namibia, has already expanded into South Africa, with stores in Upington (MegaTech Electrical) and Cape Town (Megatech Electrical Supplies), and is looking at potential business in neighbouring Angola and Botswana. However, Group Finance Director Eugene Shepherd cautions that any further regional expansion...