Chief Executive Officer of the Electricity Control Board (ECB), Robert Kahimise, on Friday said NamPower is owed a total of N$912 million by various entities across the country. Kahimise made the announcement during a media briefing, where he outlined the growing debt owed to the national power utility. According to the ECB, local authorities and...
Works and transport minister, Veikko Nekundi, has urged public passenger carrier permit holders who have raised taxi fares without following legal procedures to immediately rectify the matter and cease the unlawful practice. In a stern statement on Friday, the minister cautioned the permit holders to cease unauthorised fare increases as these are regulated by the...
The Bank of Namibia says the country has made steady progress in strengthening its fight against money laundering and financial crime. Director of the Financial Intelligence Centre (FIC), Bryan Eiseb, last week announced that Namibia’s performance has improved in the 2025 Basel Anti-Money Laundering (AML) and Financial Crime Risk Index. According to the index, Namibia’s...
African Export-Import Bank (Afreximbank), Africa’s leading multilateral financial institution, on Saturday marked a historic milestone with the groundbreaking ceremony of the Afreximbank African Trade Centre (AATC) in Egypt’s New Capital, which will also be the home of the bank’s new global headquarters. The brand new facilities are scheduled for completion in early 2029. Situated in...
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....