A local subsidiary of the international oil major Chevron has expressed interest in drilling for oil in the Walvis Basin, located north of the prolific Orange Basin, where multiple significant oil discoveries have been made since 2022. This is because the Walvis Basin could potentially join the Orange Basin in the emergence as a key frontier...
Bank Windhoek and the Central Procurement Board of Namibia (CPBN) formalised a strategic partnership on Friday, through the signing of a Memorandum of Understanding (MoU) in Windhoek. The collaboration marks a significant milestone in advancing financial wellness-led workplace banking solutions for Namibian organisations and their employees. The partnership centres on the expansion of Bank Windhoek’s...
Over the past few months, the Communications Regulatory Authority of Namibia (Cran) has observed an increase in telecommunications devices being imported into the country without the required Type Approval certification. On this basis, Cran urges all consumers, vendors, importers, resellers and industry participants to ensure all telecommunications equipment imported, sold, or used in Namibia is...
African airlines experienced a 14.7% year-over-year increase in air cargo demand in September 2025. This was the strongest rise of all regions around the world as the continent’s air cargo capacity increased by 7.4% year-on-year. Overall, global air cargo demand increased by 2.9% in September, marking the seventh consecutive month of growth for this...
The Ministry of Industries, Mines and Energy announced that fuel prices will remain unchanged for November. According to the ministry, an analysis of international oil markets showed that oil prices dropped during October. Brent crude oil traded at around US$61.50 per barrel, which is the lowest level since May 2025. “This decrease was mainly due...
Mobile Telecommunications Ltd (MTC) has grown its network of service access points by opening new Mobile homes in three towns. For the first time, Divundu will have its own MTC Mobile Home, bringing services closer to residents who previously had to travel long distances for assistance. Rundu and Katima Mulilo have each received their second...
With Namibia’s unemployment rate standing at 36.9%, the Economic Association of Namibia (EAN) and the Hanns Seidel Foundation Namibia hosted a public discussion at Protea Hotel in Windhoek to talk about how the country can create more jobs. The event was held under the theme ‘The Jobless Growth Puzzle: Can Namibia Unlock Inclusive Prosperity?’ It...
Saving money has become more complex in today’s world, with instant gratification, rising living costs, and intricate financial systems making it easy to feel overwhelmed. As world-renowned author Tony Robbins notes that, consistency transforms the average into excellence, a principle that applies perfectly to saving. As we observe World Savings Day on 31 October, it...
The Ministry of Finance announced that N$14.78 million has been allocated to 42 startups through the first phase of the Namibia Youth Fund (NYF). The Executive Director within the finance ministry, Michael Humavindu, said the funding is more than just money; it is a way to turn opportunity into production and production into livelihoods. He...
Speaking at the annual Economic Breakfast Budget Review hosted by FirstRand Namibia, Abigail Nainda, Deputy Director of Policy Research and Analysis at the Bank of Namibia, assured the public that the country’s foreign reserves remain strong despite the recent repayment of the second Eurobond. Nainda was responding to a question from the moderator about how...