Chief Executive Officer of the Electricity Control Board (ECB), Robert Kahimise, on Friday said NamPower is owed a total of N$912 million by various entities across the country. Kahimise made the announcement during a media briefing, where he outlined the growing debt owed to the national power utility. According to the ECB, local authorities and...
The Bank of Namibia says the country has made steady progress in strengthening its fight against money laundering and financial crime. Director of the Financial Intelligence Centre (FIC), Bryan Eiseb, last week announced that Namibia’s performance has improved in the 2025 Basel Anti-Money Laundering (AML) and Financial Crime Risk Index. According to the index, Namibia’s...
Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s leading insurers, have received regulatory approval to launch a joint venture called SanlamAllianz. The new company offers insurance and financial services in 27 African countries, aiming to become one of the top three players in market share and profitability across its markets....
The Namibia Revenue Agency (NamRA) has announced that the use of the Trader Identification Number (TIN) will become mandatory for all customs-related transactions in the ASYCUDAWorld system starting 1 April 2026. The announcement was made in a statement issued by NamRA’s chief of strategic communications and support engagements, Yarukeekuro Ndorokaze. “This new requirement applies to...
The Namibia Special Risks Insurance Association Ltd (NASRIA Ltd) has strengthened its role as a major player in the country’s financial and insurance sector after a year marked by growth and important changes. Managing director John Uusiku said NASRIA remains committed to offering new and innovative insurance products that meet Namibia’s changing risk environment. According...
Namibia Financial Institutions Supervisory Authority (NAMFISA) has made strong progress in improving its supervision of the non-bank financial sector, as the organisation continues to respond to a fast-changing financial environment. This is according to its 2025 annual report. Board chairperson Hettie Garbers-Kirsten said NAMFISA has refined its Risk-Based Supervision (RBS) Framework to better identify and...
The European Union (EU) reflected that its partnership with Namibia has been stronger, as the two sides celebrated 35 years of diplomatic and economic relations. Speaking at a media engagement on Wednesday evening, EU ambassador to Namibia Ana Beatriz Martins said that the EU remains Namibia’s biggest trading partner and the largest single market for...
The new Minister of Industries, Mines and Energy, Modestus Amutse, during his introduction to the ministry staff on Monday, has called for stronger action to expand renewable energy and improve responsibility in the mining sector. “The country must increase its use of clean energy, especially solar power. Why has the nation not yet built more...
Namibia Revenue Agency (NamRA) Commissioner Sam Shivute has urged small online importers to work closely with the agency, saying trade is the “engine of economic growth” and a key driver of business development in the country. Shivute was speaking during a stakeholder engagement session in Windhoek with “Order with Me” operators, small businesses that help...
Namibia’s annual inflation for November 2025 stood at 3.4%, with Zone 1 recording the lowest rate among the three price-collection zones, the Namibia Statistics Agency (NSA) has announced. Statistician General and NSA CEO Alex Shimuafeni said Zone 1, which covers Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa and Zambezi, recorded an annual...