The future of the Namibia Investment Promotion and Development Board (NIPDB) is under review, with the possibility that the institution may be disbanded or restructured. This is according to a report from the Institute for Public Policy Research (IPPR). Before any changes are made, the report states policymakers must first ask a deeper question, namely...
Namitvest has officially signed a Payroll Deduction Agreement with local food retailer Spar Oranjemund. The new agreement enables Spar employees to invest directly in Just Transition Investments (JTI) Public Company through automated salary deductions. The initiative is part of Namitvest’s ongoing commitment to empower members of the Mineworkers Union of Namibia (MUN) to build generational...
Namibia’s annual inflation rate for September 2025 rose slightly to 3.5%, up from 3.4% recorded in September 2024. This is according to the latest report released yesterday by the Namibia Statistics Agency (NSA). The main drivers behind the increase were food and non-alcoholic beverages, housing, water, electricity, gas and other fuels, as well as alcoholic...
BRUSSELS – European Union chief Ursula von der Leyen yesterday pitched the bloc as a dependable partner in a transactional world as she hosted about a dozen Global South leaders at an investment conference in Brussels. Rwanda’s Paul Kagame and Angola’s Joao Lourenco were among those attending the opening of a two-day event aimed at...
The Development Bank of Namibia (DBN) has launched a new E-Recruitment System on 1 October 2025, aimed at leveraging technological processes to deliver effective services to stakeholders. This is a significant innovative milestone in the bank’s journey to modernise operations and enhance talent management. The system streamlines DBN’s recruitment by making it faster, more efficient...
While Namibia continues to attract a growing number of foreign direct investment (FDI) projects, the majority of these are concentrated in the Khomas, //Kharas and Erongo regions, with limited distribution across the rest of the country. To promote equitable regional participation in investment-led development, the Namibia Investment Promotion and Development Board (NIPDB) has embarked on...
The Central Procurement Board of Namibia (CPBN) has awarded a N$191 million contract to commence with a critical upgrade to Namibia’s southern water infrastructure. Fully funded by the Namibia Water Corporation (Namwater), the project will ensure reliable water supply to the communities of Naute, Keetmanshoop and surrounding areas. By awarding the contract, the CPBN was...
Namibia experienced a decline in the export of goods last month, while imports continued to rise. This was revealed by the Statistician General and CEO of the Namibia Statistics Agency (NSA) Alex Shimuafeni. The monthly decrease in exports was driven by a sharp fall in uranium exports, which dropped by N$2.7 billion. Precious stones, including...
Petty’s Cuisine, a seafood restaurant in northern Namibia, is helping fight unemployment and bring hope to a local community, after its founder turned a personal setback into an opportunity. Petty’s Cuisine, founded by Petrina Ngalagombe, opened in 2023 and currently employs four people from the surrounding area. The restaurant, which specialises in seafood dishes, was...
A recent report indicates that air transport passengers are ready to go digital when it comes to travelling. The report by SITA, the air transport industry’s tech engine, shows that digital-first generations, now the main driver of growth, are setting the baseline for what air travel must deliver next. In its SITA Passenger IT Insights...