Young Namibian innovators have introduced an innovative development for the domestic digital economy by introducing an online logistics platform designed to connect empty trucks with available loads. Called Londeka, the platform directly tackles one of the industry’s greatest challenges, namely empty trucks traveling long distances. Through the platform on www.londeka.com, truck drivers can receive cargo,...
The colossal N$270 million investment into the much-anticipated Goreangab Mall by homegrown Namibian developers, Oryx Properties Limited and Safland Property Group, is set to transform communities on the fringes of Katutura. The new mall, scheduled to open in May next year, is providing significant opportunities through construction labour, permanent jobs as well as access to...
Rather sluggish real gross domestic product (GDP) growth for Namibia during 2Q25 at 1.6% year-on-year (y/y) may not be the results expected. However, it may lay the foundations for more resilient, inclusive and sustainable expansion in the near-term. The latest domestic GDP figures indicate a slowdown from 2.8% y/y in 1Q25 and 3.3% y/y in...
To accelerate Africa’s economic integration, close to half a billion Namibia Dollars (US$28 million) approved as initial capitalisation to transition the Intra-African Trade Fair (IATF) into an independent, permanent African institution is a positive step for the sustainability of this crucial entity. As unveiled at the recent Intra-African Trade Fair 2025 (IATF2025) in Algiers, IATF...
Despite an increase in global oil prices, mostly because of supply chain constraints coupled with growing geopolitical tension affecting international oil markets, fuel prices in Namibia will remain unchanged for October 2025. The National Energy Fund will absorb all under-recoveries in the domestic fuel sector. This announcement by the industries, mines and energy ministry means...
Government on Friday finalised an agreement to revive the Ondangwa Northern Tannery facility that has been dormant for the last 15 years. Initially established through an international loan of more than N$40 million, the facility’s revival now hinges on a multi-year investment of N$58 million by Desert Planet Industries (DPI). DPI signed a contract with...
A recent High Court judgement has declared that access to essential network infrastructure is vital to ensure competition in the telecommunications space that ultimately stimulates investment and ensures a level playing field. The decision, delivered by the High Court at the end of July this year, also directly benefits consumers with more choice and better-quality...
A deadline of 30 November 2025 has been set for expressions of interest (EOI) to develop a film city in Namibia to bolster creative industries in the country and region. The EOI was officially launched on Monday by President Netumbo Nandi-Ndaitwah during the ‘Experience Namibia in New York’ event. The event was held on the margins...
Rosh Pinah Zinc (RPZ) has secured US$150 million, about N$2.6 billion at current exchange rates, debt financing to fund its expansion project. Construction for the expansion is reported to be over 80% complete and remains on budget. The debt financing was facilitated by Appian Capital Advisory Limited, the majority shareholder of RPZ and an investment...
It is vital that banking customers know and understand how their banks should treat them. Customers should expect their banks to provide them with information in a plain and understandable manner and language, ensure enquiries are attended to promptly and provide affordable and accessible banking services. This is according to Dantagos Jimmy, CEO of the...