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Namibia’s total debt stock is projected to reach N$172 billion during this financial year. This represents 62% of gross domestic product (GDP), down from 66% of GDP last year. Although still higher than preferred, this level of national debt can be sustainable if properly managed. However, revenue risks, coupled with interest rate projections, could potentially...
Economic analysts expect Private Sector Credit Extension (PSCE) growth to remain sluggish as Namibian households show limited demand for long-term credit, while corporate lending continues to expand. This is as PSCE growth slowed to 3.9% in February 2025, down from 4.1% in January, but up from 1.7% a year ago. Providing an analysis of the...
Tariff retaliation and escalating trade tensions might signal the start of a global trade war where, like grass when two elephants clash suffers the most, consumers around the world will bear the brunt the most. Consumers, analysts stated, will most likely be paying the price for the most sweeping tariffs yet imposed by United States...
The City of Windhoek is in the process of evaluating the demand for electric vehicle (EV)-charging stations, considering factors such as the current EV market size, projected growth and integration into the city’s broader transport and energy frameworks. This assessment is expected to help inform the city’s policy decisions and investment strategies to ensure infrastructure...
In her maiden national budget statement, recently-appointed finance minister Ericah Shafudah yesterday tabled a cautious and conservative yet pro-growth budget of N$106.3 billion for the 2025/26 financial year. However, the budget also comes with an increase in excise duties on the consumption of alcohol and tobacco, which took effect on 12 March 2025. The largest...
Supa Quick in the heart of Windhoek’s central business district is not only a tyre fitment expert, but also specialises in a range of automotive services including batteries, shocks absorbers, wheel alignment and wheel balancing. As an international franchise, Supa Quick in Windhoek has been operating as a wholly-owned Namibian company for more than 30...
Today, a baptism of fire is slated for new finance minister Erica Shafudah. With less than 120 hours since landing the position, she has a mammoth task to table a national budget that is in tandem with the bold commitments of the new administration, which includes creating 250 000 jobs in the next five years....
Green hydrogen is steadily becoming a reality in Namibia, as the first green industrial combustible gas was recently produced in the country. Although production has not reached full capacity, at only about 80kg per hour, HyIron Namibia aims to produce 215kg of green hydrogen per hour when their electrolyser is commissioned. HyIron Namibia chief executive...
The recently-launched N$60 commemorative Hage Geingob banknote was officially issued into circulation yesterday at the Khomasdal Grove Mall by the central bank governor Johannes !Gawaxab. This special edition banknote honours the legacy of late president Geingob, celebrating his 60 years of dedicated service to Namibia’s independence, democracy and socio-economic progress. “The N$60 banknote is more...
A report from an investigation by the Namibia Competition Commission has lifted a lid on potential abuse of dominance by NamPower, MTC and Telecom Namibia. The entities were found to have engaged in prohibitive conduct in contravention of the country’s competition laws. However, the Namibia Competition Commission (NaCC) stipulated it has not yet reached a...