The Development Bank of Namibia’s 2023/24 annual report shows the institution facilitated the creation of 3 525 jobs through various projects, with a substantial focus on supporting small and medium enterprises (SMEs). The report, launched last Thursday, shows DBN supported 74 SME projects with funding of N$95.9 million. Meanwhile, the bank’s ambitious 2024-2029 Integrated Strategic...
Through Access and Benefit Sharing (ABS), indigenous people and local communities can secure fair monetary compensation from business partners, utilising valuable resources like marula oil, mangetti, devil’s claw, and many others. This was the message from Verna Sinimbo, industrialisation and trade deputy minister who emphasised that Africa, and Namibia in particular, is a land of...
When visiting the Mahindra showroom in Windhoek this week to take a look at the much-awaited Crossover Utility Vehicle (XUV) 3XO model, Woema was flabbergasted when it walked right past the new vehicle without even recognising it. That is because the XUV, a sports utility crossover vehicle, arrived in Namibia last Friday, and does not...
• drought relief prolonged to June 2025 • tax amnesty extended Finance minister Iipumbu Shiimi finally tabled the Appropriation Amendment Bill yesterday, against the background of persistent and devastating droughts. As such, the mid-term budget provides for additional spending of N$3.6 billion. Additional expenditure requests of N$8.3 billion were received for consideration. When tabling the main...
Namibian beef exports to China have experienced significant growth, hitting the N$60 million per annum mark. This is according to the latest data shared by the trade ministry. It underscores the deepening trade relationship between Namibia and China. “Namibian beef exports increased to over N$59.92 million in 2023, up from N$50.02 million in 2022. This...
Uncertainty reigned once more in the National Assembly as no quorum could be established for the tabling of the mid-term budget yesterday. National Assembly Speaker Peter Katjavivi described the situation as “unbearable” two days in a row. The Speaker also expressed disappointment over the general conduct of parliamentarians, which often results in sessions starting late,...
Instead of a Black Friday, Chery Namibia has kicked off with Black November, and it has started early. This means savings up to N$50 000 on the majestic Chery compact SUVs that continue with an impressive resurgence in the domestic vehicle market. Speaking to Woema, Vincent van Rooyen, sales manager Chery Namibia, said Black November...
Africa has the highest average into-wing fuel price globally. This fact alone is stifling Africa’s aviation sector simply because jet fuel typically constitutes the largest operational cost for an airline, currently at around 30% of total industry budgets. There is no doubt that regions or airlines with higher fuel prices are disadvantaged in terms of...
“We need the national budget to enable small businesses to grow so that we can train more people and employ more people. This way the economy will also be able to grow,” said Jeremia Matheas, a small business owner in Windhoek. “We only hear about the budget, but we don’t see any of its benefits....
1 !Khanni 2025 disa xus ge !hū!nāsise a mîǁguisa ǁ-îs a ǀoro !gôab di hōǂgāmarisa(NWM) hoa Namibibiaǁîn, ǁgâusîsenaon tsî !garo!ā sîsenaon ǀguina ǂoa tsi, N$18 ai ǀgui ira mātarehe. Nēs ra ǂâibasens ge, ǁnā sîsenaon hîa N$18 xa a ǀorose ǀgui iri !aroma ra mātarehen di maris nî ǁnās !oagu unuhesa. Nau ǀkhāb ais ge...