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Construction is expected to be the fastest-growing domestic sector this year, as it is forecast to expand by 8.5%, despite accounting for just 1.4% of gross domestic product (GDP) in 2024. Commenting on the latest building statistics, stock brokerage Simonis Storm (SS) noted the vigorous growth outlook is supported by a favourable combination of monetary...
Namibia Wildlife Protection (NWP), a wholly-owned Namibian company providing anti-poaching security solutions to private individuals and businesses, depends on the reliability and dependability of their JAC T9 Super Lux double cab. Working in conjunction with NWP’s thermal drone flights and regular foot patrols, the company utilises the JAC T9 to cover large tracts of private...
One of the foremost domestic experts in nuclear physics has encouraged Namibia to waste no time in including nuclear energy in the country’s energy mix. Nuclear physicist Dr Nortin Titus said including nuclear in Namibia’s energy mix would ensure power reliability, sustainability and resilience to external price shocks. Responding exclusively to New Era on Namibia’s...
Big news for Namibian motorists is the imminent arrival of the much-anticipated JAC T9 PHEV, which opens the floodgates for an alternative energy bakkie to increase performance and reduce fuel consumption. The plug-in hybrid T9 double cab’s petrol-electric powertrain comprises a 2.0-litre, four-cylinder turbocharged internal combustion engine (ICE) and a duo of electric motors. This...
The Southern African Customs Union (Sacu) says it is ready to engage the United States of America (USA) to find an amicable solution to trade concerns. Part of a possible solution touted by Sacu urges the USA to contemplate observing differential treatment, specifically to consider exempting least – developed countries (LDCs) and African Growth and...
The possible upgrading of a Namdeb wind project holds the potential to power diamond mining operations, while additional electricity could be transmitted into the national grid. This is as Namdeb, equally owned by government and the De Beers Group, continues to align its operations with national goals for industrialisation, clean energy transition and sustainable development....
A leading economist in the country has called the Bank of Namibia’s decision to commence gold accumulation as part of its foreign exchange reserve management strategy as “long-overdue”. The central bank last week announced the decision to include gold, targeting 3% of net foreign exchange reserves, saying it aligns with global central banking trends, given the...
A notable acceleration in corporate credit uptake has resulted in domestic private sector credit extension (PSCE) growing by 5% year-on-year (y/y) in March 2025, up from the 3.9% y/y recorded in February. This marks the strongest pace of credit expansion in five years. Corporate credit constitutes approximately 50% of total domestic credit extended. This increased...
The domestic economy maintained a positive growth trajectory during the first quarter of 2025. This was largely supported by strong performance in the mining sector, particularly uranium, gold and zinc as well as notable gains in construction, wholesale and retail trade, communication and tourism. Based on these figures, the central bank expects the domestic economy...
Namibia instantly became a more attractive international and domestic investment destination when President Netumbo Nandi-Ndaitwah recently announced a reduction in the country’s non-mining corporate tax. A seasoned economist has pointed out that the tax changes combined with other reforms signify a long-term economic structural shift that can propel key sectors. During her maiden State of...