Namibia’s brick manufacturing industry is on the rise, with manufacturers operating across the country. The sector continues to expand as new players enter the market, and established companies invest in more advanced machinery and technology to improve production. Different types of bricks, including clay, concrete and engineering bricks, are now widely available to meet various...
GOBABIS – Alma Kahorere is a teacher at Ben Van De Walt Primary School in Gobabis. Beyond the classroom, she is the founder of Ehupo Mu Eden Farming Enterprises CC, a local crop-producing farm that is making a difference in her community. “I started with a small backyard garden in 2020 just to feed my...
Namibia’s N$104 billion national budget, tabled on Thursday by Finance Minister Ericah Shafudah, was dominated by operational spending versus a sharp drop in capital expenditure. Tabled under the theme “People, Productivity and Prudence,” this year’s budget has some analysts asking whether Namibia is consolidating at the expense of growth, whether interest will consume a larger...
With a high unemployment rate of 36.9% in Namibia, the country and Germany have launched a new project called TalentsBridge Namibia. The programme aims to help solve high youth unemployment in Namibia and a shortage of skilled workers in Germany. TalentsBridge Namibia is being developed as part of the long-standing city partnership between Windhoek and...
The Namibia Investment Promotion and Development Board (NIPDB) launched the Namibian Investment Guide yesterday, a new document aimed at marketing Namibia as an ideal place to invest. During the launch, the Deputy Minister of International Relations and Trade, Jenelly Matundu, said the Namibian Investment Guide is more than just a document. It is intended to...
Adolf Kaure The National Housing Enterprise (NHE) reported a N$23 million net profit for the 2024/2025 financial year. This was announced by NHE board chairperson, Toska Sem, during their annual general meeting, where the entity’s 2024/2025 annual report was presented in Windhoek on Friday. The N$23 million net profit represented a significant improvement from the N$6...
The National Petroleum Corporation of Namibia (Namcor) has appointed its Upstream Development and Production executive, Mtundeni Ndafyaalako, as acting managing director, with effective from 1 March 2026. The appointment was made pending the conclusion of the ongoing recruitment process for a substantive managing director at the national petroleum entity. Ndafyaalako’s appointment comes at the conclusion...
In her 2026/2027 national budget speech to Parliament on Thursday, Finance Minister Ericah Shafudah announced strong progress on Namibia’s first fast and instant payment system. The new system, called the Instant Payment Solution (IPS), will allow government to pay people directly into their bank accounts or e-wallets within seconds. The system is a collaborative effort...
Capricorn Group yesterday delivered a solid, and perhaps hard-earned, set of interim results, posting profit after tax of N$920 million for the six months ended 31 December 2025, as Namibia’s flagship financial services group navigates a tightening margin environment and rising credit impairments. The result reflects resilient performance in a period marked by interest rate...
More than six decades after the United States (US) first imposed an embargo on Cuba, the policy once dismissed as a Cold War relic has morphed into a grinding economic siege that Cuban officials now describe as existential, and regional leaders fear could destabilise the wider Caribbean. In Windhoek this week, the Sam Nujoma Foundation...