In a bold move to confront mounting pressure on Namibia’s healthcare system, the Development Bank of Namibia (DBN) has disbursed N$1 billion to a national health infrastructure programme, signalling a major escalation in efforts to modernise and expand critical medical facilities nationwide. The funding, released on 27 March 2027, is part of the government’s ambitious...
Namibia’s latest fuel price hike is poised to deliver a severe blow to the country’s industrial sector, as businesses heavily dependent on diesel now face sharply rising operational costs that could ripple across the entire domestic economy. This is after Namibian petrol prices were increased yesterday by N$2.50 per litre, while both grades of diesel...
Namibia’s mining sector, long regarded as a pillar of economic stability and foreign investment, is facing mounting pressure after a decline in global rankings exposed growing investor unease over policy direction and regulatory clarity. The Chamber of Mines of Namibia has issued a stark warning following the release of the Fraser Institute Annual Survey of...
Namibia’s non-banking financial institutions (NBFI) sector has surged past the N$552 billion mark in total assets, underpinned by robust investment performance and sustained demand for financial services, according to the latest data released by the Namibia Financial Institutions Supervisory Authority (Namfisa). Figures contained in Namfisa’s Fourth Quarter 2025 Statistical Bulletin show the NBFI sector recorded...
The fallout from a recent cyberattack on the Namibia Airports Company (NAC) has escalated sharply, with confirmation that illegally obtained data has been released on the dark web by the shadowy INC Ransomware Group. The recent cyber breach, which has renewed calls for increased cyber security in the country’s digital infrastructure, involves a potentially wide-ranging...
In a bid to reshape Namibia’s resource-rich economy, the Ministry of Industries, Mines and Energy (MIME) last week revealed an ambitious five-year strategic plan aimed at transforming the country from a primary commodity exporter into a value-driven industrial powerhouse. Presenting the 2025/26 to 2029/30 roadmap, Minister Modestus Amutse positioned the strategy as a pivotal moment...
One month into the United States and Israel’s war on Iran, the Middle East is beginning to feel significantly different, with its whole effects being felt across the world. Globally, energy prices are soaring as violence intensifies across the region. Namibia is not an exception. As efforts to reach a diplomatic off-ramp are offset by...
A new chapter has commenced for Namibia’s business community following the election of Vetumbuavi Mungunda as president of the Namibia Chamber of Commerce and Industry (NCCI). The leadership transition, confirmed at the chamber’s Annual General Meeting on 27 March 2026 at the Hilton Hotel Windhoek, signals a decisive shift toward a more assertive and inclusive...
With tensions escalating in the Middle East amid the ongoing war involving Israel, the United States of America and Iran, global oil markets have reacted sharply, with crude prices recently surpassing the US$100 per barrel mark. These and other geopolitical upheavals have created extreme market volatility and have severely disrupted global trade. This raises fresh...
Namibia’s National Oil Storage Facility (NOSF), situated on the outskirts of Walvis Bay, stands tall as one of the country’s most ambitious and strategically significant infrastructure investments. Built at a cost of roughly N$6.5 billion and designed to hold up to 75 million litres of fuel, the facility represents far more than a storage depot....