The World Bank’s most recent figures indicate that sub-Saharan African growth is expected to reach 3.5% in 2025, and further accelerate to 4.3% in 2026-2027. This is while global public debt continues to rise to historic levels, amidst intensifying fiscal pressures. The World Bank (WB) has attributed Africa’s economic persistence to increased private consumption and...
Despite ongoing global economic uncertainty, Namibia’s financial system remains stable and sound, director of financial stability and macro-prudential oversight at the Bank of Namibia Florette Nakusera said. Speaking at the Financial Stability report’s launch yesterday, she gave the assurance that the domestic financial system has weathered recent global shocks, and continues to demonstrate resilience. “Domestically,...
Recent changes in government and the reconfiguration of administrative responsibilities, had resulted in the Ministry of Information and Communication Technology (MICT) resuming its oversight of Telecom Namibia. Given this, Telecom Namibia’s board of directors and executive management, joined by its subsidiary’s (Powercom) board and executive team, met ICT minister Emma Theofelus, on Wednesday at the...
Even though the country received the best rains in decades, there are no immediate plans by either the Namibia Water Corporation (NamWater) nor the City of Windhoek (CoW) to reduce the price of water. The reasoning is that the water price is determined by economic factors comprised of treating, conveyance and distributing the resource. Responding...
PPS Insurance Namibia, a financial solutions provider exclusively for graduate professionals, delivered another impressive performance in 2024 and returned exceptional value to members. “We are pleased with our performance which was supported by our robust strategy. Our priority as a company operating under the ethos of mutuality is to support our members by paying all...
Old Mutual Namibia recently concluded its 2025 Employee Roadshow, celebrated under the theme ‘Own Your Impact’, which successfully reached out to hundreds of employees across the country and made a positive mark in communities along the way. Over 3 500 kilometres, the executive leadership team embarked on a tour of 10 towns, namely Windhoek, Okahandja,...
Arysteq, the largest independent, wholly-Namibian-owned asset management company, yesterday listed its first Actively-Managed Exchange Traded Fund (AMETF), the Arysteq Short-Term Income AMETF (ASIETF) on the Johannesburg Stock Exchange (JSE). Approved by the Namibia Financial Institutions Supervisory Authority (Namfisa), the Arysteq Short-Term Income AMETF is the first Namibian-based fund to list on the JSE. It is...
This year’s exceptional rainy season experienced in most parts of Namibia has been a blessing for farmers, but also caused severe damage to many national and urban roads. The Roads Authority (RA) will need approximately N$400 million to repair these damaged roads after weeks of continuous heavy rains across the country. RA spokesperson Hileni Fillemon...
BEIJING – China on Monday hit out at other countries making trade deals with the United States at Beijing’s expense, vowing countermeasures against those who “appease” Washington in the blistering tariff war as its neighbours rush to secure favourable terms from the White House. While the rest of the world has been hit with a...
Loans typically have a negative connotation. Most people think of borrowing as a last resort, something to be avoided at all costs. But what if a loan could be more than just a way of funding an unexpected expense? What if it could be a way of enabling you to build a better tomorrow? Borrowing...