Minister of Works and Transport Veikko Nekundi yesterday called on all government ministries to stop buying foreign goods when the same products are available in Namibia. Speaking during a morning visit to Dinapama Manufacturing and Supplies, the minister said it is now a government directive that all ministries purchase locally made goods from government stores...
What started as a humble food business from home has grown into a beacon of hope and empowerment in Windhoek’s Wanaheda settlement. Emilia Ndaamakunye Otto, a chef by profession, founded Wazombia Kitchen in 2021, just after the Covid-19 pandemic. The name ‘Wazombia’ means ‘welcome,’ and that’s exactly what her business represents, a warm, welcoming space where...
The Bank of Namibia is working on a new system that will use artificial intelligence (AI) to track how banknotes move across the country. Speaking at an Annual Economic Reporting Workshop on Monday, Sencia Kaizemi-Rukata, director of currency management and banking operations at the central bank, said the system is needed because the bank currently...
In the busy streets of Golgotha, Windhoek, the sound of hammers and saws echoes from a small workshop. Inside, two men, a father and a son, Muhota Lucien Lukenge and Mainel Lukenge (19), work side by side. Their business, Lucyman Shop, is their way of surviving, dreaming and building a future. Originally from the Democratic Republic...
The Mercure Hotel in Windhoek from Tuesday to Friday was a hive of activity as over 1 100 delegates and 73 exhibitors gathered for one of the country’s biggest oil and gas events of the year. Held under the theme “From Exploration to Action: Positioning Namibia as the Next Energy Frontier”, the conference brought together leaders...
A 30% tariff imposed by the United States (US) on goods imported from South Africa (SA) has sparked concern across southern Africa. Namibia is expected to feel the economic ripple effects due to its close trade and financial ties with its southern neighbour. The new tariff, recently announced by US president Donald Trump, came into...
Petroleum Training and Education Fund (Petrofund) and FirstRand Namibia, through its subsidiary Rand Merchant Bank (RMB), have entered a N$1 million, two-year partnership aimed at training and upskilling Namibians in the petroleum industry. The signing ceremony took place at the Namibia Oil and Gas Conference in Windhoek on Wednesday. It was officiated by PetroDund CEO...
The Bank of Namibia (BoN) yesterday held the repo rate steady at 6.75%, in a decision that signals caution amid growing economic pressure in Namibia and abroad. This marks the third consecutive hold by the central bank, despite mounting calls for relief in the face of weak household credit growth and elevated borrowing costs. While...
Namibia’s decades-long push to become a key player in the global oil and gas industry is finally paying off. The country is now firmly on the energy investment map. This was the message at the Namibia Oil and Gas Conference currently underway at the Mercure Hotel in Windhoek. The event is themed ‘From Exploration to...
Selma Paulus (38) has turned a N$200 investment into a growing street business at Windhoek Central Hospital. She sells sweets, cool drinks as well as fruits and vegetables to patients, visitors and staff. Just over a year ago, she had no source of income. To survive, Paulus started selling sweets and dry chips from a...