The Development Bank of Namibia (DBN) yesterday launched a new financing product to increase access to credit for women-owned businesses. The product, called DBN for Her, is designed to address a long-standing funding gap for women entrepreneurs. Speaking at the launch, DBN acting chief investment officer Cliffy Nauses said the initiative is part of its...
RMB Namibia, a division of First National Bank of Namibia Limited, has provided Telecom Namibia with a N$405 million social loan to support the company’s plan to upgrade its infrastructure and expand connectivity nationwide. The seven-year loan will help fund Telecom Namibia’s five-year strategy to improve internet and mobile services, especially in underserved areas. Telecom...
Oshikoto Regional Council chairperson Sacky Nangula has urged administrators, technocrats and all public servants to embrace innovation and unity to deliver on the promises made to the electorate. During a staff address at the Omuthiya Multi-Purpose Youth Centre, themed ‘Providing New Marching Orders for Improved and Innovated Service Delivery,’ Nangula reminded councillors of the five-year...
Energy company TotalEnergies has decided to stop developing offshore wind projects in the United States after signing a settlement with the United States Department of the Interior (DOI). The company will give up two wind leases it secured in 2022. These are the Carolina Long Bay and New York Bight leases, which it held with...
Global mobile money transactions passed US$2 trillion in 2025. This shows how fast the industry is growing. This is according to the latest GSMA State of the Industry Report on Mobile Money 2026. While it took the industry 20 years to reach US$1 trillion in annual transaction value, it took only four years from that...
LAGOS – Nigeria’s Dangote mega-refinery says it has begun exporting fuel to other African countries after global oil prices soared due to the war in the Middle East. The three-week-long war in the Middle East has disrupted oil deliveries through the key Strait of Hormuz, forcing countries to take measures to limit the impact of...
The Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (NAMFISA) have signed an updated agreement to improve cooperation in regulating the country’s financial sector. The agreement, known as a Memorandum of Agreement, was signed at a joint event where the two institutions also introduced a new technical working group. The group will...
Many people plan holidays in December, but some also plan how they will capitalise on the busiest time of the year. In December, Ndapandula Imene was walking through the streets of Katutura, Windhoek and noticed something different: shops were closed, offices were quiet, but salons and barbershops were open, full, and busy. That moment changed...
ONGWEDIVA- Haufiku Frans, affectionately known as Dee Hustler, began his journey as a barber back in 2011, driven by passion and skills. His journey began in a printing shop in a salon in Okongo, where he was employed as a photographer. “I couldn’t imagine myself being a barber, but I decided to buy a clipper...
The Chamber of Mines of Namibia has raised concern over Namibia’s sharp drop in a key global mining survey, warning that the country risks losing investment if policy uncertainty is not addressed. The warning comes after the release of the 2025 Fraser Institute Annual Survey of Mining Companies, which indicates that Namibia has dropped considerably...