Africa’s push to unlock the full potential of the African Continental Free Trade Area (AfCFTA) gained fresh momentum last week as more than 200 business leaders, investors, policymakers and diplomats converged at Swakopmund to chart a path from policy promises to economic growth. The three-day Invest in Africa Trade Expo & Business Summit 2026, hosted...
Travellers between Namibia and Europe now have another direct travel option following the launch of Edelweiss’ nonstop flights between Windhoek and Zurich. The Swiss leisure airline operated its inaugural flight from Hosea Kutako International Airport on Monday evening, carrying 253 passengers. The service will initially operate twice a week and increase to three weekly flights...
With a resurgence largely driven by a surge in overdraft lending across both households and corporates, Namibia’s Private Sector Credit Extension (PSCE) has shown its strongest expansion since the start of the year and the highest level seen since September last year. This is as PSCE increased to 4.8% year-on-year (y/y) in April 2026, from...
Before he was the CEO of Everstrong Manufacturing and Mwetufena Investment, Lukas Mweshipooli was a mobile vendor, moving from place to place selling fish and butchery products just to survive. “I would travel around buying and selling just to survive,” he said. Over time, that relentless hustle grew into retail shops. It was during this...
Lack of capital is an unspoken barrier for many startups, but Norma Uazengisa didn’t let it stop her. In 2014, she spotted a clear demand for locally made apparel and launched Modern World Designs and Manufacturing CC. Through sheer hard work, she scaled a small garment operation into a thriving factory. Today, her business isn’t...
Letshego Africa Holdings Limited is accelerating a major restructuring of its African operations through the proposed sale of five East and West African subsidiaries to Dubai-based Axian Digital Venture Holding and Management Limited. The move is aimed at sharpening Letshego’s strategic focus, strengthening capital efficiency and boosting long-term shareholder returns. The transaction, announced yesterday, could...
The African Tax Administration Forum (ATAF) has published its 2025 Annual Report, detailing its ongoing success in optimising domestic resource mobilisation across Africa. Over the past year, the organisation reinforced continental tax architecture by deploying technical assistance to 35 countries and training 2 433 tax professionals across 43 nations. These strategic interventions focus on modernising...
The domestic inflation outlook has taken a sharper turn, with rising fuel prices and transport costs emerging as the biggest threats to household finances and economic stability, prompting analysts to revise forecasts upward despite relatively moderate headline inflation figures. Meanwhile, inflation is increasingly driven by costs that households cannot avoid, such as fuel, transport, housing,...
Namibia’s current account deficit widened to N$10.4 billion (14.5% of GDP) during the final quarter of 2025, according to the Economic Association of Namibia’s (EAN) Q1 2026 Quarterly Review. The EAN noted that increased service payments and income outflows drove the deficit, overshadowing strong revenues from gold and uranium exports. Concurrently, the domestic economy shrank...
BERLIN – The finance ministers of the European Union’s six biggest economies said Friday they had agreed on steps to better integrate financial markets and make investments flow seamlessly across the bloc. In a statement issued after a meeting in Berlin, the finance ministers of Germany, France, Italy, the Netherlands, Poland and Spain – the...