Namibia has made notable progress in clearing its financial regulatory landscape and is now fast approaching the termination of its grey listing by the Financial Action Task Force (FATF). Exiting the FATF grey list would mark a major economic and reputational victory for Namibia, restoring full international confidence in its financial system and easing scrutiny...
The Namibia Special Risks Insurance Association (Nasria) has announced another year of strong financial results, good governance and progress in its regional expansion plans. In a statement released last week, the association said it was pleased with its achievements for the 2024/2025 financial year. “Nasria is pleased to announce another year of strong financial performance,...
Namibia’s manufacturing leaders have called for urgent government action to reduce production costs, improve incentives and speed up industrial reforms to make the country more competitive under the African Continental Free Trade Area (AfCFTA). These calls were made during the Namibia Public-Private Forum on Manufacturing and Value Addition last week. During the presentation, Stephanus Ackermann...
The National Petroleum Corporation of Namibia (Namcor) together with its joint venture partners, TotalEnergies EP Namibia, QatarEnergy International, and Impact Oil & Gas have engaged in the second phase of the Environmental and Social Impact Assessment (ESIA) stakeholder engagement for the development of the offshore oil discovery. The consultations form part of the ESIA process. ...
Airlink, Southern Africa’s privately-owned airline, is scheduled to launch its new Johannesburg-Zanzibar route in June 2026. Tickets are now on sale for flights to the Tanzanian island, which is famous for its spices, beaches, forests and marine life and resorts. Its Unesco-listed historical Stone Town with its maze of streets featuring mosques, churches, bazaars, villas,...
The Central Procurement Board of Namibia (CPBN) has announced a new pre-qualification exercise for specific construction works. The initiative aims to create a transparent and structured system for identifying capable and experienced contractors. Johanna Kambala, manager for stakeholder relations at CPBN, said this was developed in line with Section 42 (1) of the Public Procurement...
President Netumbo Nandi- Ndaitwah has praised the Namibia Breweries Limited (NBL) for its continued contribution to the country’s economy, calling it a shining example of local enterprise and commitment to national development. During a courtesy visit to the company on Wednesday, Nandi-Ndaitwah said NBL, which is over 100 years old, has “grown in leaps and...
The Namibian Competition Commission (NaCC) has paid N$9 million in pecuniary penalties to the State Revenue Fund for the financial year ending March 2025. This action fulfils the commission’s obligation under Section 53(5) of the Competition Act No.2 of 2003, which mandates that all collected penalties be paid into the fund. The penalties stem from...
Simonis Storm (SS), a local financial firm, has commented after Tuesday’s Mid-Term Budget Review that the domestic fiscal outlook is credible but conservative. The firm expects mildly expansionary fiscal stance through 2026, balancing electoral and economic imperatives, followed by a firmer consolidation path thereafter. The SS comments come after finance minister Ericah Shafuda reallocated some...
Sabina Onemushi Nantinda has been passionate about sewing for many years. Although she currently works as a security guard, her dream of starting her own sewing business lives on. All she needs to start her own business is a bit of training on the finer tailoring intricacies and a dependable sewing machine. She and countless others are...