Namibia’s annual inflation rate decreased to 2.4% in February 2026, compared to 3.6% recorded in February 2025. This is according to the latest Consumer Price Index report issued by the Namibia Statistics Agency (NSA). The report shows that, while overall price increases have eased, some sectors continue to record higher inflation. The highest annual inflation...
The Namibian Revolutionary Transport and Manufacturing Union (Naretu) and Namib Mills have reached an agreement, ending a 59-day strike involving close to 1 000 workers. The union’s commander-in-chief, Petersen Kambinda, revealed this on Wednesday during a media briefing in Windhoek. Five times, the group met with the Minister of Justice and Labour Relations, Fillemon Wise...
Overdraft lending in Namibia saw a significant bounce-back in January, indicating increased financial strain on households early in the year as many rely on short-term credit to meet expenses. Recent data from First National Bank Namibia reveals a 1.4% year-on-year rise in overdraft lending for January 2026, reversing a 10.7% decline in December 2025. This...
The Namibian government and the African Development Bank (AfDB) yesterday launched a N$28.5 billion partnership designed to overhaul national infrastructure and break the country’s dependence on the mining sector. The 2025-2030 Country Strategy Paper, launched in Windhoek, serves as a five-year financial engine for Namibia’s Sixth National Development Plan (NDP6). In a keynote address read...
Nictus Holdings plans to expand its operations into Botswana by registering a new firm, Corporate Guarantee & Insurance Company of Botswana. This move highlights its goal to grow its financial services beyond Namibia. The company’s expansion is part of its strategy to strengthen regional presence and create new growth opportunities while providing additional financial services...
Adolf Kaure The Namibia Food and Allied Workers Union (Nafau) and the fast-food chain Hungry Lion signed an agreement on Tuesday in Windhoek to increase wages and revise working conditions. The agreement prevented the labour dispute from escalating into a strike. Nafau deputy secretary general, Willem Absalom, expressed his appreciation to the negotiation team, the...
Namibia’s public debt position has shown a short-term improvement after the redemption of the country’s Eurobond and partial repayment of the International Monetary Fund’s Rapid Financing Instrument. However, economists warn that the pressure on government finances remains high. In its latest budget review, First National Bank Namibia economist Cheryl Emvula stated that the country’s debt-to-GDP...
Namibia’s economy is forecast to grow more rapidly over the next decade, primarily due to mining and the emerging oil and gas sector, as the country’s economic outlook continues to improve. Jason Kasuto, managing director of Monasa Advisory and Associates, expressed during the Namibia Institutional Investors Forum 2026 recently, in the capital, that stronger domestic...
As private healthcare costs continue to rise at a rate that outpaces inflation and salary growth, Hollard Namibia has launched Hollard Gap Cover – an increasingly essential financial safeguard. Medical aid often covers the basics, but it does not always cover the full cost of healthcare services. When this happens, members may face shortfalls between...
For many people growing up in northern Namibia, the Kalahari melon was just another plant in the fields, growing freely in the sandy soil and often ignored. Today, the plant has become the heart of Job Nghipandulwa’s business, Nalago Skincare. “Growing up in northern Namibia, I learned early that the land gives what it can....