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...
Namibia’s real estate market is undergoing a pivotal transformation, driven by rapid urbanisation, demographic shifts and sectoral growth in energy, logistics and tourism. Yet, despite strong demand, the supply of both residential and commercial property remains critically constrained – particularly in urban centres like Windhoek, Swakopmund, and Walvis Bay. Dominic Shikola, head of client coverage...
At just 20 years old, Alvie Ashipala had a dream to earn an honest living doing what she loved. With only a few nail tools and a strong determination, she started a small nail decoration business from her home. Today, at 28, she is the proud owner of Alvie’sBeauty Parlour, a growing beauty business located...
After suffering personal loss and health setbacks, local entrepreneur Alexine Kavari is finding her feet again, thanks to her own determination and a helping hand from a government initiative aimed at supporting small businesses. Kavari, the owner of Semalekav Catering and Restaurant, was one of 18 entrepreneurs who received tools and equipment during the fifth...
The Caribbean Island of Cuba is once again appealing to the international community to end what it describes as the “silent genocide” of its people — the six-decade-long economic blockade imposed by the United States of America. This week, Cuba will present its case before the United Nations General Assembly, seeking renewed support for the...
Daniel Rosenzweig, a senior executive of Lift, has been re-elected as Airlines Association of Southern Africa’s (AASA)’s chairperson. He is deputised by Eswatini Air CEO, Captain, President Dlamini. The incoming leadership of the AASA was elected at the body’s 55th Annual General Meeting and will serve for the next 12 months. “Rosenzweig and Dlamini will...
The Namibia Airports Company (NAC) has increased its revenue by 6% to N$540 million and a profit after tax of N$9.4 million for the 2024/25 financial year. The improved financial performance has been attributed to NAC’s route development strategy, which landed additional services from South African Airways, Air Angola, FlySafair and Discover Airlines during the...
The central bank has confirmed that Namibia has the money to repay its biggest-ever debt, the US$750 million (around N$13.5 billion) international loan that is due on 29 October 2025. However, the repayment, while good to boost credit for future loans, is expected to make a significant dent in the country’s foreign reserves. The Eurobond...