The Ohlthaver & List (O&L) Group announced that it will sell its shares in Cleanergy Solutions Namibia to H₂Infra NV, a company that is part of the international clean energy leader, CMB.TECH. O&L currently owns 51% of Cleanergy. Once approved by the Namibian Competition Commission, H₂Infra NV will become the sole owner of Cleanergy Solutions...
Councillor of the Katutura East Constituency Office Richard !Gaoseb handed over business materials to 18 small business owners on Thursday. The total value of the materials is N$265 749.58. The materials were given to help small businesses in areas such as construction, nail technology, catering and auto mechanics. The smallest support package was worth N$12...
Strauss Lunyangwe, better known as Mr Makoya, is back with a brand-new music video that carries a strong message of unity, hope and homecoming. The video, which features DJ Siya and DJ Vuyo, is set to be released soon. Although the song was released some time ago, the artists finally found time in their busy...
The Namibian Ports Authority (Namport) has expressed dissatisfaction with a new global report that ranks the Port of Walvis Bay near the bottom of the list. The 2024 Container Port Performance Index (CPPI), recently released by the World Bank and S&P Global Market Intelligence, ranks Walvis Bay 376th out of 405 ports around the world....
The Bank of Namibia has reduced the repo rate by 25 basis points, bringing it down from 6.75% to 6.50%, to support the country’s weak economy. This is contrary to some analysts who expected the central bank to maintain the repo rate at 6.75%, as they were not convinced there was scope for more than...
Works and transport minister Veikko Nekundi has disclosed that over 1 500 vehicles operating without proper licences and documents have been blocked from the Yango ride-hailing platform. Speaking during the unveiling of new members of the country’s Transportation Commission on Monday, Nekundi said the suspension of operating licences and documents is part of a broader...
Bianca Uapunduka, a 36-year-old accountant and entrepreneur, has proven that with discipline, determination and faith, it is possible to build a thriving business empire without any financial assistance or loans. Today, she owns three growing businesses, all of which were self-funded and developed from the ground up. After completing secondary education at Immanuel Shifidi Secondary...
Small and medium enterprises (SMEs) are the backbone of Namibia’s economy. They create jobs, support families and help drive local development across the country. However, many of these businesses face challenges that limit their growth. The Ministry of Industries, Mines and Energy, through its Industrial Development Directorate, plays an important role in helping these enterprises...
The growing cost of transport was the main driver of Namibia’s inflation increase in September, according to Helena Mboti, Economist at First National Bank Namibia. Speaking on the latest inflation figures, Mboti noted that the jump was “mainly driven by higher inflation in the transport category, which saw prices rise by 1.3% year-on-year, after falling...
An online survey has found that most government employees want to see the Payroll Deduction Management System (PDMS) improved rather than shut down. About three-quarters of those who took part said the system helped them avoid falling into too much debt by making loan repayments easier to manage. The survey was conducted by Fin Fit...