Since the end of September 2025, the latest series of upgraded banknotes and new coins, which were introduced by the central bank earlier this year, have been available at commercial banks and ATMs countrywide. The Bank of Namibia officially issued the upgraded Namibia Dollar banknotes and the new coinage series into circulation at a ceremony...
African airlines saw a 7.1% year-on-year increase in demand in August 2025, while capacity was up 5.3% year-on-year. The load factor was 79.7%, a 1.3 percentage point (ppt) improvement compared to August 2024. These figures are contained in the latest date for August 2025 global passenger demand from the International Air Transport Association (IATA). On...
The Namibia Sustainable Finance Alliance (NSFA) was launched on Tuesday as a voluntary, multi-stakeholder platform through which regulators, financial institutions, industry associations and government agencies will coordinate efforts to mainstream and champion sustainable finance. The alliance was launched at its inaugural meeting at the Bank of Namibia together with leading financial institutions, regulators and industry...
Young Namibian innovators have introduced an innovative development for the domestic digital economy by introducing an online logistics platform designed to connect empty trucks with available loads. Called Londeka, the platform directly tackles one of the industry’s greatest challenges, namely empty trucks traveling long distances. Through the platform on www.londeka.com, truck drivers can receive cargo,...
The colossal N$270 million investment into the much-anticipated Goreangab Mall by homegrown Namibian developers, Oryx Properties Limited and Safland Property Group, is set to transform communities on the fringes of Katutura. The new mall, scheduled to open in May next year, is providing significant opportunities through construction labour, permanent jobs as well as access to...
Rather sluggish real gross domestic product (GDP) growth for Namibia during 2Q25 at 1.6% year-on-year (y/y) may not be the results expected. However, it may lay the foundations for more resilient, inclusive and sustainable expansion in the near-term. The latest domestic GDP figures indicate a slowdown from 2.8% y/y in 1Q25 and 3.3% y/y in...
To accelerate Africa’s economic integration, close to half a billion Namibia Dollars (US$28 million) approved as initial capitalisation to transition the Intra-African Trade Fair (IATF) into an independent, permanent African institution is a positive step for the sustainability of this crucial entity. As unveiled at the recent Intra-African Trade Fair 2025 (IATF2025) in Algiers, IATF...
Government on Friday finalised an agreement to revive the Ondangwa Northern Tannery facility that has been dormant for the last 15 years. Initially established through an international loan of more than N$40 million, the facility’s revival now hinges on a multi-year investment of N$58 million by Desert Planet Industries (DPI). DPI signed a contract with...
Despite an increase in global oil prices, mostly because of supply chain constraints coupled with growing geopolitical tension affecting international oil markets, fuel prices in Namibia will remain unchanged for October 2025. The National Energy Fund will absorb all under-recoveries in the domestic fuel sector. This announcement by the industries, mines and energy ministry means...
A recent High Court judgement has declared that access to essential network infrastructure is vital to ensure competition in the telecommunications space that ultimately stimulates investment and ensures a level playing field. The decision, delivered by the High Court at the end of July this year, also directly benefits consumers with more choice and better-quality...