It is imperative that all public entities desist, with immediate effect, from using specific brand names when advertising bids for any procurement. This Instruction Note was issued on 27 November 2025 by the Public Procurement Unit (PPU) in the finance ministry. “Public entities should note that the use of brand names or particular specifications exclusively...
The Namibian economy is expected to slow down marginally in 2025, with output constrained by weaker activity in manufacturing and primary industries, before gaining momentum next year. The latest figures from the central bank indicate the country’s real GDP growth should moderate to 3% in 2025, from 3.7% in 2024, The Bank of Namibia’s (BoN’s)...
After recording another year of strong financial performance, the Namibia Ports Authority (Namport) last week declared a N$100 million dividend to its sole shareholder, the Namibian government. The dividend, announced last Thursday by Namport chairperson, Nangula Hamunyela, is related to Namport’s performance for the year ended 31 March 2025. “We have seen positive growth in...
Guarding against theft, rooting out corruption, prioritising local procurement and generally enhancing efficiency in government procurement and supply chain management are some of the benefits anticipated from Friday’s launch of the Government E-Stores Platform. The new digital procurement and monitoring system was launched by Minister of Works and Transport Veikko Nekundi. “Today, we come together...
An upsurge in international crude and refined product prices, tightening supply driven by geopolitical tensions, limited OPEC+ output growth and ongoing refinery disruptions will see domestic fuel prices go up by 21 cents a litre on Wednesday, 3 December. The mines and energy ministry announced the increase on Friday, which will be the third for...
Galp, the Portuguese multinational energy corporation headquartered in Lisbon, was reported to be in advanced talks with international majors like TotalEnergies and Chevron to sell up to a 40% stake in its Mopane project, located off the coast of Namibia in the Orange basin. The Mopane project is an oil discovery Galp made last year...
Some 66 young individuals have been successful in securing over N$37 million in funding for their entrepreneurial endeavours. This follows an announcement by the Ministry of Finance and Development Finance Institutions that the second group of successful candidates have been selected under the National Youth Development Fund. The selected youth-driven projects will be financed by...
In a world where off-road vehicles often blur into a predictable pattern of rugged silhouettes and utilitarian interiors, the Ineos brand continues to carve out its own lane, one lined with luxury, engineering integrity, and near-limitless customisation. Since its launch, Ineos has impressed both Namibian and international buyers, earning a reputation for building vehicles that...
Some 250 experts from around the world and approximately 150 tonnes of equipment will be flown into Namibia next year when the country hosts the next on-site inspection (OSI) Integrated Field Exercise, known as IFE26. Scheduled to take place over six weeks in October and November 2026, the exercises will be the third large scale...
The successful bidders to implement phase 2 of the Universal Service Fund (USF) project are MTC and Telecom Namibia, which secured contracts to deploy infrastructure to connect underserved rural areas. The second phase of the deployment totals more than N$42 million. The sites awarded under this phase of the USF will facilitate the construction of...