Namibia’s trade deficit in February improved, standing at N$2 billion compared to N$2.7 billion recorded in January 2025. This is as domestic export earnings for the same month stood at N$10.1 billion, a decrease of 5.1% from N$10.7 billion recorded in January 2025. The Namibia Statistics Agency’s (NSA) latest Trade Statistics Bulletin reveal that duringFebruary 2025, exports decreased by 5.1%...
Trustco Life rebrands to Stanbury Life
Following regulatory approval, Trustco Life has rebranded to Stanbury Life. This transformation, as approved by the Namibia Financial Institutions Supervisory Authority (Namfisa), the non-banking financial services regulator, follows the recent completion for a N$468 million share buyback transaction in the insurer’s holding company, Legal Shield Holdings. This means Stanbury Life, formerly Trustco Life limited, is now a licensed Namibian life...
NCAA voted Africa’s best civil aviation authority
The Namibia Civil Aviation Authority (NCAA) was recently awarded by vote, the prestigious Best Civil Aviation Authority accolade at the Aviation Week Africa (AWA) gala night held in Livingstone, Zambia. The continental recognition celebrates outstanding performance, regulatory excellence, and commitment to aviation safety and service delivery across Africa. The award was handed over to NCAA executive director, Toska Sem by...
Okahandja expo returns with a bang!
Rudolf Gaiseb The revival of the Okahandja Annual Trade and Tourism Expo is expected to boost the town’s economy significantly this month. The 14th edition of the expo is an opportunity for local entrepreneurs to showcase their innovative products and services. The jamboree will highlight ground-breaking solutions from entrepreneurs, including eco-friendly tourism initiatives and digital trade platforms, and connect local artisans with...
Credit growth expected to remain sluggish … household debt and unemployment hamper access to credit
Economic analysts expect Private Sector Credit Extension (PSCE) growth to remain sluggish as Namibian households show limited demand for long-term credit, while corporate lending continues to expand. This is as PSCE growth slowed to 3.9% in February 2025, down from 4.1% in January, but up from 1.7% a year ago. Providing an analysis of the latest PSCE figures, FNB Namibia...
Heritage to sprout at /Ae //Gams Arts & Cultural Festival
The City of Windhoek is gearing up for the /Ae //Gams Arts & Cultural Festival, scheduled for 25 and 26 April. To launch the festivities, a pre-festival celebration took place on Saturday at the Paaltjies Brakwater Recreational Area, attracting residents for a day of enjoyment, culture, and community spirit. The event showcased a blend of traditional games and culinary contests....
Opinion – The eclipse and limelight of global economic wars
Allow me space in your esteemed newspaper to air my views on the subject as stated above.To start with, American global markets offer several advantages that contribute to their prominence in the international economy such as access to a large consumer base in which the U.S. has one of the largest and most diverse consumer markets, attracting businesses worldwide. The...
Opinion – Omaruru SPYL condemns informal structure demolition
The Omaruru District Swapo Party Youth League has strongly condemned the recent actions taken by the Omaruru Municipality, which saw the demolishing of an informal structure occupied by a vulnerable senior resident. As a Youth League, we describe the municipality’s actions as inhumane and lacking compassion for the socio-economic realities faced by many of Omaruru’s inhabitants. The demolition, which included...
Opinion – Damara ≠Nukhoe are no more self-destructive than any other community
I write in response to an article published in New Era on 28 March 2025 in which the author, himself a Damara ≠Nukhoe, claimed our community is self-destructive. His arguments, however, were based on unsubstantiated assertions. As a fellow Damara ≠Nukhoe, I take issue with this generalisation, which unfairly portrays normal human shortcomings as a unique characteristic of our people....
Jobs for interns in public sector
Rudolf Gaiseb The Ministry of Finance and Social Grants has issued a directive to all government offices, ministries and agencies to make budgetary provision for apprenticeships, internships and graduate internships for the 2025/26, 2026/27 financial years. The ministry’s executive director, Michael Humavindu, said in case of no budgetary provisions, offices, ministries and agencies (OMAs) will reprioritise funds from the training...