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In recent years, financial inclusion has taken centre-stage as a key driver of economic growth, poverty reduction and prosperity. In this regard, deposit insurance schemes are among the key vehicles through which financial inclusion is enhanced. This was the sentiment expressed last week by Michael Humavindu, executive director in the finance ministry, at release of...
The M&Z Motorsport Team once again dominated the CR1 category during the opening leg of the 2025 National Rally Championship that commenced with the Swakopmund Rally last weekend. Driving their modified JAC T8 bakkie, the M&Z team, consisting of driver Ekko Eisenberg and navigator, Horazio “Rassie” Rietz, promised more exciting races and more podium finishes...
The iconic Subaru brand has re-entered the Namibian market. Having exited the domestic market many years ago, Subaru is making an aggressive domestic comeback – not only in Namibia but throughout the region. Subaru Southern Africa is investing in new additions, such as new dealerships and new dedicated after-sales service offerings. These additional investments are...
Uranium company Deep Yellow has decided to focus on early works infrastructure and initial engineering for its Tumas Project in the Erongo region. Continuing with these carefully- considered programmes is expected to ensure a seamless and quick transition to the execution phase once suitable market conditions exist. This means Deep Yellow has delayed its Final...
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...