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...
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...
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...
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...
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...
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...
Mobile Telecommunications Limited (MTC) announced a new sponsorship for the Simply You Magazine Lifestyle and Fashion Awards (SYMLFA). The company will give N$250 000 for one year to support the event. This means MTC now becomes the main sponsor and has the naming rights to the awards. The awards this year will be hosted under...
Namibia’s annual inflation rate for September 2025 rose slightly to 3.5%, up from 3.4% recorded in September 2024. This is according to the latest report released yesterday by the Namibia Statistics Agency (NSA). The main drivers behind the increase were food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, as well as alcoholic...
The future of the Namibia Investment Promotion and Development Board (NIPDB) is under review, with the possibility that the institution may be disbanded or restructured. This is according to a report from the Institute for Public Policy Research (IPPR). Before any changes are made, the report states policymakers must first ask a deeper question, namely...