Capricorn Group yesterday delivered a solid, and perhaps hard-earned, set of interim results, posting profit after tax of N$920 million for the six months ended 31 December 2025, as Namibia’s flagship financial services group navigates a tightening margin environment and rising credit impairments. The result reflects resilient performance in a period marked by interest rate...
More than sixty years into one of the world’s longest-running economic blockades, it is no longer possible to ignore the devastating toll of the United States of America’s embargo on Cuba. What began in 1962 as a Cold War manoeuvre has become an entrenched policy of economic suffocation that is morally indefensible, economically destructive, and...
More than six decades after the United States (US) first imposed an embargo on Cuba, the policy once dismissed as a Cold War relic has morphed into a grinding economic siege that Cuban officials now describe as existential, and regional leaders fear could destabilise the wider Caribbean. In Windhoek this week, the Sam Nujoma Foundation...
A quarter of a century after it first rewrote Mitsubishi’s SUV playbook, the Mitsubishi Outlander is marking its 25th anniversary with an ultra-exclusive model that blends heritage, technology and off-road credibility in equal measure. Enter the Outlander Edition 25, a sharply specified, collector-focused derivative of which only 10 units will be made available in southern...
As the country braces for today’s tabling of the 2026/27 national budget, all eyes are on Finance Minister Ericah Shafudah. For citizens and businesses alike, key signals to watch include possible tax reforms, cost-of-living measures, infrastructure allocations and the overall fiscal stance. With a rising debt-to-GDP ratio, escalating debt-servicing costs, ambitious revenue projections and growing...
For thousands of Namibians, the end of the month has become a moment of dread. Rent is climbing, deposits are disputed, and when problems arise, many tenants discover there is little practical protection to fall back on. Now, the government has acknowledged what frustrated renters have long suspected: that Namibia’s rental market is operating without...
Namibia is exposing itself to potential revenue losses from one of its most valuable mineral resources. Auditor General (AG) Junias Kandjeke has warned of serious weaknesses in how the country’s gold mining royalties and taxes are verified and collected. In a performance audit covering the 2020/21 to 2022/23 financial years, Kandjeke found the then Ministry...
As energy costs surge and squeeze margins across Namibia’s economy, corporates are being forced to rethink one of their most volatile input expenses, namely power. At a Renewable Energy Breakfast hosted in Windhoek yesterday, Standard Bank Namibia delivered a blunt message to business leaders, municipalities and energy providers: the era of treating renewable energy as...
When Namibia signed the African Continental Free Trade Area (AfCFTA) agreement in July 2018, ratified it in January 2019, and deposited its instruments with the African Union Commission shortly thereafter, it signalled more than compliance with a continental ambition. It signalled Namibia’s belief in Africa as a viable market for domestic enterprises. Several years later, the question is no...
The Bank of Namibia’s (BoN’s) Monetary Policy Committee (MPC) yesterday announced that it opted for stability over stimulus, keeping the repo rate unchanged at 6.50% as it confronts a slowing domestic economy and an increasingly fragmented global monetary landscape. The unchanged repo rate means that both loan repayments and interest returns at commercial banks will...