The Ministry of International Relations and Trade (MIRT) in conjunction with the Ministry of Industries, Mines and Energy (MIME) is undertaking regional engagements with the Namibian business community, designed to facilitate Namibia’s integration into the continental trade framework under the African Continental Free Trade Area (AfCFTA). The upcoming business engagements are scheduled to take place...
The National Petroleum Corporation of Namibia (Namcor), together with its joint venture partners Rhino Resources (Operator), Azule Energy and Korres Investments, have commenced with the spudding of the Volans-1X exploration well, located offshore Namibia within Block PEL 85 of the Orange Basin. Drilling is being carried out by the semi-submersible Deepsea Mira, operated by Northern...
The International Telecommunications Union (ITU) released the Information and Communications Technology (ICT) Development Index (DI) in July 2025. The index measures the level of Universal and Meaningful Connectivity (UMC) of 164 members states for the period 2025. The UMC concept is based on the premise that realising the full potential of connectivity requires more than...
The Namibian Competition Commission (NaCC) recently announced it had initiated an investigation against law firm Dr. Weder, Kauta & Hoveka Inc and Bank Windhoek in terms of Section 33 of the Namibian Competition Act No. 2 of 2003. The investigation, which commenced in 2022, followed allegations of exclusive dealings pertaining to property conveyance services. In...
The Old Mutual Foundation has revealed the top three entrepreneurial champions from the Otjozondjupa region in the concluding chapter of the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED). These driven individuals stood out for their innovation, community value, and determination to grow small businesses into engines of local opportunity. Taking the top spot...
Youth from across northern Namibia were left inspired and spirited when award-winning philanthropist and youth icon Mavis Elias presented a touching keynote address at the Elite Tutorial College award event. The event was held at both the Omafo and Ondangwa campuses last week. Speaking to almost 100 high-achieving learners, Elias did not just deliver a...
Nedbank has announced its role in empowering Namibian owned-managed businesses through the inaugural Nedbank Future of Business Conference, set for 21 August 2025, at Droombos. The conference aims to address critical areas for business growth, including leadership, communication, human resources and IT. Nedbank stated the conference is tailored for forward-thinking SMEs, emerging startups, and established...
The Environmental Investment Fund (EIF) of Namibia has been accredited as a National Implementing Entity (NIE) of the Adaptation Fund. According to the statement issued by CEO Benedict Libanda, the accreditation, confirmed during the intersessional period between the Adaptation Fund Board’s forty-fourth and forty-fifth meetings through Decision B.44-45/10, positions the EIF to access and manage...
A game-changing initiative in African trade was officially unveiled at the inaugural Global SME Ministerial Meeting held in Johannesburg last week. The Continental Network for Women’s Business Associations in Africa, (CONWOBAA) aimed at promoting intra-African trade, brought together over 100 women’s business associations from West Africa, North Africa, Indian Ocean, Central Africa, East Africa, and...
The Bank of Namibia, in collaboration with the Ministry of Finance and the Namibia Financial Institutions Supervisory Authority (Namfisa), recently launched the Namibia Financial Sector Transformation Strategy (NFSTS) 2025–2035. The national strategy sets the course for a modern, inclusive, and future-ready financial system that serves the development needs of all Namibians. The strategy represents a...