We use cookies to help you navigate efficiently and perform certain functions. You will find detailed information about all cookies under each consent category below.
The cookies that are categorized as "Necessary" are stored on your browser as they are essential for enabling the basic functionalities of the site. ...
Necessary cookies are required to enable the basic features of this site, such as providing secure log-in or adjusting your consent preferences. These cookies do not store any personally identifiable data.
Functional cookies help perform certain functionalities like sharing the content of the website on social media platforms, collecting feedback, and other third-party features.
Analytical cookies are used to understand how visitors interact with the website. These cookies help provide information on metrics such as the number of visitors, bounce rate, traffic source, etc.
Performance cookies are used to understand and analyze the key performance indexes of the website which helps in delivering a better user experience for the visitors.
Advertisement cookies are used to provide visitors with customized advertisements based on the pages you visited previously and to analyze the effectiveness of the ad campaigns.
The Namibia Investment Promotion and Development Board (NIPDB) has welcomed the strategic alignment by President Netumbo Nandi-Ndaitwah for it to resort under the Ministry of International Relations and Trade. NIPDB’s chief executive officer Nangula Uaandja, said the move is part of a broader effort to streamline government’s economic development agenda and to enhance coordination across...
Despite extreme volatility of international oil prices coupled with under-recoveries in the domestic market, local fuel prices will remain unchanged for July 2025. This is as the Ministry of Industries, Mines and Energy provides relief to consumers by keeping fuel prices for all products unchanged until the next review. Other factors that impacted the international...
In a bid to access a large untapped African market and to provide appropriate and accessible financial solutions that reach across all levels of society, Sanlam this week officially rebranded as SanlamAllianz Namibia. This landmark development for Namibia’s financial sector was officially announced and unveiled by information and communication technology minister Emma Theofelus on Tuesday...
An action plan by Namibia’s Financial Intelligence Centre (FIC) addressed 13 strategic deficiencies related to the ineffectiveness of the country’s antimoney laundering (AML), counterterrorism financing frameworks (CFT) and Countering Proliferation Financing (CPF). These deficiencies have to be remedied within various set timelines, which expire in May 2026. This is according to Bryan Eiseb, director of...
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...