To counter the severe economic shocks triggered by the escalating conflict in the Middle East, the Board of Directors of African Export-Import Bank (Afreximbank) has approved a US$10 billion Gulf Crisis Response Programme (GCRP) to insulate African and Caribbean economies, financial institutions and corporates from the impact of the ongoing Gulf crisis. The conflict, which...
Standard Bank Namibia has given N$150 000 to support the 2026 Lüderitz Crayfish Festival, one of the country’s biggest coastal events. The sponsorship was announced by Lüderitz branch manager Vinia Ndakondja at a fundraising gala dinner attended by business leaders and community members. This year’s festival will take place from 28 April to 3 May...
Momentum Metropolitan Namibia has appointed Evangelina Nailenge as executive: retail distribution, effective March 2026. In this role, Nailenge will be responsible for developing and executing distribution strategies that place clients at the centre, ensuring more Namibians have access to the right financial solutions through a high-performing, client-focused advisers and brokers networks. This aims to drive...
Bank Windhoek has been named Banking Brand of the Year – Namibia 2026 by the Global Banking & Finance Awards, an international awards programme that recognises excellence, innovation and leadership across the global financial industry. The recognition highlights Bank Windhoek’s exceptional brand presence and commitment to excellence within Namibia’s financial sector. Based in the United...
Fransina “Fluffy” Nikodemus still remembers the number N$78 000. That was the municipal bill hanging over her parents’ home, a figure that felt impossible at the time. “I couldn’t sleep, I had my two sons, my mother, and that bill. I just kept thinking, something has to change,” she said. There was no big announcement...
Bravery Kabula In Okuryangava, where small businesses fight to stay afloat, Helao Andreas Kakaya has turned a childhood idea into a working livelihood, one haircut at a time. Kakaya, who owns Kakaya Barber Shop and Salon, did not arrive in the trade by accident. He knew early on what he wanted. “Since I was in...
Adolf Kaure Namibia’s Sustainable Aviation Fuel (SAF) feasibility study was recently launched in Windhoek. The study is being conducted under the Assistance, Capacity-building and Training for Sustainable Aviation Fuel (ACT-SAF) Programme in partnership with the International Civil Aviation Organisation (ICAO) and sponsored by the government of Switzerland. Speaking on behalf of the Namibia Civic Aviation...
In a bold move to confront mounting pressure on Namibia’s healthcare system, the Development Bank of Namibia (DBN) has disbursed N$1 billion to a national health infrastructure programme, signalling a major escalation in efforts to modernise and expand critical medical facilities nationwide. The funding, released on 27 March 2027, is part of the government’s ambitious...
Namibia’s economy lost momentum in 2025 as global risks continued to weigh on growth, the Bank of Namibia (BoN) has said. Launching the central bank’s latest annual report, Governor Ebson Uanguta said the global economy remained stable during the year, but warned that pressures are building. “Global growth remained steady at 3.3% in 2025, the...
Namibia’s latest fuel price hike is poised to deliver a severe blow to the country’s industrial sector, as businesses heavily dependent on diesel now face sharply rising operational costs that could ripple across the entire domestic economy. This is after Namibian petrol prices were increased yesterday by N$2.50 per litre, while both grades of diesel...