Namibia Financial Institutions Supervisory Authority (NAMFISA) has made strong progress in improving its supervision of the non-bank financial sector, as the organisation continues to respond to a fast-changing financial environment. This is according to its 2025 annual report. Board chairperson Hettie Garbers-Kirsten said NAMFISA has refined its Risk-Based Supervision (RBS) Framework to better identify and...
The Namibia Special Risks Insurance Association Ltd (NASRIA Ltd) has strengthened its role as a major player in the country’s financial and insurance sector after a year marked by growth and important changes. Managing director John Uusiku said NASRIA remains committed to offering new and innovative insurance products that meet Namibia’s changing risk environment. According...
Air travel growth in Africa is projected to hit 6% in 2026, exceeding the global average anticipated at 4.9%, slightly above the 5.2% expected this year. However, despite outshining the rest of the world in terms of air travel growth, the African aviation industry’s profit margins of 1.3% still lack the lustre as African airlines...
Out of total US$1.2 billion of global aviation industry funds blocked by governments, 93% of the capital is trapped in Africa and Middle East (AME) countries. In fact, 10 countries across Africa, the Middle East, and South Asia account for 89% of the total blocked funds, amounting to US$1.08 billion. The AME region total blocked...
The Petroleum Training and Education Fund (Petrofund) this week unveiled its new brand identity, inaugurated its head office and launched its revamped website alongside PetroConnect, a digital CV repository system. Petrofund’s refreshed brand identity features two intertwined petroleum drops, symbolising strong collaboration between public and private institutions and reaffirming Namibia’s commitment to developing local expertise...
Angola has taken a proactive approach with the deployment of SITA’s Advance Passenger Information and Passenger Name Record Gateway (API PNR Gateway) at Dr António Agostinho Neto International Airport. The new system is supported by SITA’s Passenger Information Unit (PIU) consultancy services. As aviation’s tech engine, SITA aims to make travel safer, easier, and more...
Sanlam, Africa’s largest non-banking financial services provider, and Allianz, one of the world’s leading insurers, have received regulatory approval to launch a joint venture called SanlamAllianz. The new company offers insurance and financial services in 27 African countries, aiming to become one of the top three players in market share and profitability across its markets....
The Namibia Revenue Agency (NamRA) has announced that the use of the Trader Identification Number (TIN) will become mandatory for all customs-related transactions in the ASYCUDAWorld system starting 1 April 2026. The announcement was made in a statement issued by NamRA’s chief of strategic communications and support engagements, Yarukeekuro Ndorokaze. “This new requirement applies to...
The new Minister of Industries, Mines and Energy, Modestus Amutse, during his introduction to the ministry staff on Monday, has called for stronger action to expand renewable energy and improve responsibility in the mining sector. “The country must increase its use of clean energy, especially solar power. Why has the nation not yet built more...
The European Union (EU) reflected that its partnership with Namibia has been stronger, as the two sides celebrated 35 years of diplomatic and economic relations. Speaking at a media engagement on Wednesday evening, EU ambassador to Namibia Ana Beatriz Martins said that the EU remains Namibia’s biggest trading partner and the largest single market for...