Renowned gospel artist and motivational speaker Naftalie Shigwedha Amukwelele, popularly known as D-Naff, has spoken out following his arrest on multiple charges of fraud last week. The award-winning singer was arrested in Windhoek on Friday and charged with three counts of forgery and three counts of uttering forged documents. He appeared before Magistrate Jurina |Hochobes...
The Ministry of Finance announced that N$14.78 million has been allocated to 42 startups through the first phase of the Namibia Youth Fund (NYF). The Executive Director within the finance ministry, Michael Humavindu, said the funding is more than just money; it is a way to turn opportunity into production and production into livelihoods. He...
Speaking at the annual Economic Breakfast Budget Review hosted by FirstRand Namibia, Abigail Nainda, Deputy Director of Policy Research and Analysis at the Bank of Namibia, assured the public that the country’s foreign reserves remain strong despite the recent repayment of the second Eurobond. Nainda was responding to a question from the moderator about how...
The Namibia Oil & Gas Podcast, which was established in 2024 with 42 episodes, made its mark among Africa’s leading oil and gas podcasts. It ranks second across the continent, according to Google. The podcast shares weekly news and discussions about Namibia’s growing energy sector. The first episode debuted on 3 December 2024, providing a...
Finance minister Ericah Shafudah yesterday announced the successful redemption of Namibia’s second Eurobond. This redemption, valued at US$750 million (over N$13 billion), represents the most considerable single debt maturity in Namibia’s history. The finance minister noted that Namibia issued its first Eurobond in 2011 for US$500 million (approximately N$7.5 billion), which was secured at an...
Grant Muller of the Namibia Green Hydrogen Association and Eduardo Rodriguez of the Namibia Petroleum Operators Association co-chaired the Energy, Oil, Gas and Green Hydrogen Working Group said Namibia is on the brink of an economic transformation that could redefine its future. Massive projects in green hydrogen, oil and gas, and renewable energy are set...
The Indongo Group officially opened its new Training Cent re on Monday, constituting an investment of around N$2 million. The project was carried out together with other dealerships and includes major renovations that comprise new equipment as well as preparing the centre for hands-on learning. Prime Minister Elijah Ngurare inaugurated the training centre that is...
They say good food warms the heart and every great business begins with a simple idea and a spark of passion. For Rauha Ndaafetwa Simon, better known as Kaleni, that spark was found in her kitchen. What started as a love for cooking has grown into Kaleni Catering, a flourishing small business that now feeds...
Namibia’s manufacturing leaders have called for urgent government action to reduce production costs, improve incentives and speed up industrial reforms to make the country more competitive under the African Continental Free Trade Area (AfCFTA). These calls were made during the Namibia Public-Private Forum on Manufacturing and Value Addition last week. During the presentation, Stephanus Ackermann...
The Namibia Special Risks Insurance Association (Nasria) has announced another year of strong financial results, good governance and progress in its regional expansion plans. In a statement released last week, the association said it was pleased with its achievements for the 2024/2025 financial year. “Nasria is pleased to announce another year of strong financial performance,...