Nā 100 xa a !nāsa Marisâuǂgae tama, xawe Marin ǀkha ra sîsen ǂNûiǂgādi (NBFI) hîa ge Namibiab Mariǁhōn ǂNûiǂgādi Mûǂamra ǂgaeǂguis (Namfisa)ge māǂui daoǁgauga sao tama īd,i xan ge 90% gu di ǂnûiǂgāde ǂkhariǀnōb marina ǀkhuwis !nâ a !â. Namfisas di !huis ge, mariǁhōn di minister-es nî ǀawemā, marin ǀkha a sîsenxa ǂnûiǂgādi tsî mari!oabadi...
A financial mess at the National Petroleum Corporation of Namibia (Namcor) has some analysts questioning the existence of the entire entity. Others described the situation as a matter of national concern and an unacceptable drain on taxpayers. This is after Namcor this weekend revealed a horrid financial situation unfolding at the national oil corporation. A...
Of the more than 100 Non-Banking Financial Institutions (NBFI) that were non-compliant with directives issued by the Namibia Financial Institutions Supervisory Authority (Namfisa), more than 90% are operating in the micro-lending sector. Namfisa was established to supervise and advise the finance minister on matters relating to financial institutions and financial services. In its first quarter...
Namibia is the only country in the world to have suffered a downgrade by the World Bank Group’s latest classification. The global financial institution has now officially labelled Namibia a lower-middle-income country from the previous classification as an upper-middle-income country. The World Bank bases this classification on Gross National Income (GNI) per capita expressed in...
When you put your foot down on the accelerator of the LDV’s T60 Max double cab, it is quite evident why Namibian consumers are steadily migrating to Chinese automotive brands. You feel an immediate exhilaration as adrenalin rushes through your body in response to the superb performance oozing from the T60 Max’s 2 litre bi-turbo...
Namibia’s real GDP growth for the first quarter of 2025 dipped to 2.7% year-on-year (y/y) from 4.8% in the corresponding quarter of last year. While this is a notable slowdown in growth, it still marks the 16th consecutive quarter of domestic economic growth. Local analysts pointed out that the latest figures, released this week by...
The Namibia Investment Promotion and Development Board (NIPDB) has welcomed the strategic alignment by President Netumbo Nandi-Ndaitwah for it to resort under the Ministry of International Relations and Trade. NIPDB’s chief executive officer Nangula Uaandja, said the move is part of a broader effort to streamline government’s economic development agenda and to enhance coordination across...
Despite extreme volatility of international oil prices coupled with under-recoveries in the domestic market, local fuel prices will remain unchanged for July 2025. This is as the Ministry of Industries, Mines and Energy provides relief to consumers by keeping fuel prices for all products unchanged until the next review. Other factors that impacted the international...
In a bid to access a large untapped African market and to provide appropriate and accessible financial solutions that reach across all levels of society, Sanlam this week officially rebranded as SanlamAllianz Namibia. This landmark development for Namibia’s financial sector was officially announced and unveiled by information and communication technology minister Emma Theofelus on Tuesday...
An action plan by Namibia’s Financial Intelligence Centre (FIC) addressed 13 strategic deficiencies related to the ineffectiveness of the country’s antimoney laundering (AML), counterterrorism financing frameworks (CFT) and Countering Proliferation Financing (CPF). These deficiencies have to be remedied within various set timelines, which expire in May 2026. This is according to Bryan Eiseb, director of...