The non-banking financial institutions (NBFI) sector continued to grow in the third quarter of 2025, supported by positive financial market conditions. According to the third quarter report released by the Namibia Financial Institutions Supervisory Authority (NAMFISA), chief executive officer Kenneth Matomola, the sector’s total assets rose to N$528.2 billion as of 30 September 2025. This...
The Environmental Investment Fund (EIF) has approved 26 institutional grants totaling morethan N$3.7 million, benefiting individuals and institutions across priority sectors nationwide. Of the approved grants, eight projects are youth-led, and 11 are led by women. EIF spokesperson Romeo Muyunda said the funding supports a wide range of beneficiaries and interventions. “The funding supports a...
The African Development Bank Group (AfDB) has approved an allocation of N$30.3 billion (US$1.78 billion) for Namibia under its newly adopted Country Strategy Paper for 2025–2030, aimed at strengthening infrastructure, human capital and economic diversification. The Government of Namibia has welcomed the approval of the Namibia Country Strategy Paper (CSP) for the period 2025 to...
Pricilla Mukokobi Lissony Njembo As Namibia enters the oil, gas, and green hydrogen industries, it faces an immediate need for skilled technical workers, particularly artisans capable of supporting large-scale industrial projects. In response, youth from Outapi in the Omusati region began a five-day specialised welding training program at the Nakanyale Vocational Training Center on Monday. ...
The Namibia Investment Promotion and Development Board (NIPDB) launched the Namibia Convention Bureau (NCB) yesterday. The new bureau, housed under the NIPDB, will help position Namibia as a top destination for Meetings, Incentives, Conferences, and Exhibitions (MICE). The launch marks a step forward for Namibia as it aims to compete in the regional and global...
The Communications Regulatory Authority of Namibia (CRAN) said it has received strong public support for the Starlink telecommunications licence application. Mufaro Nesongano, Executive for Communication and Consumer Relations at CRAN, said although the application is still under consideration, the majority of the submissions received are in favour of the telecommunications company. He said that by...
Outgoing Bank of Namibia Governor Johannes ǃGawaxab said the central bank is strong, stable, and well positioned for the future, following five years of turbulence, reform, and transformation. Reflecting on his tenure, !Gawaxab said his time in office, which began in 2020 at the height of the COVID-19 pandemic, tested the country’s financial system in...
The total number of active SIM cards in Namibia increased by 3% between July and September 2025, indicating renewed growth after a stable period in the second quarter. The increase was mainly driven by prepaid SIM cards, which rose by 3%. Postpaid subscriptions grew more slowly, increasing by only 1%. Mobile internet use also continued...
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...
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...