The number of new loans issued in Namibia during the first quarter of 2024 increased by almost 10% to 166 452. This represents a quarter-to-quarter increase of 9.8%, and a 16.1% increase year-on-year (y/y). This uptake in loans suggest a robust demand for financing, indicative of a strengthening lending environment. This can have broader implications...
The NSA will be conducting the Namibia Household Income and Expenditure Survey (NHIES) during 2025 / 26. The NHIES is the primary source of data on income, wealth and expenditure in Namibia and is instrumental in calculating poverty indicators at both household and individual levels. This will be the fifth NHIES to be conducted in...
Over N$1.4 million has been sponsored by the private sector towards the hosting of the third Annual African Union Micro, Small and Medium Enterprises’ (AU MSME) forum slated for 9 to 13 September 2024 in Windhoek. Speaking at the sponsorship handover event here on Wednesday, the Namibia Investment Promotion and Development Board (NIPDB)’s Executive for...
Namibia continues to exploit its renewable energy potential and smart relationships to position itself as a significant participant in the global green hydrogen market. Through these renewable efforts, the country aims to promote economic growth, create significant employment, and contribute to the worldwide fight against climate change. On Wednesday, green hydrogen commissioner James Mnyupe touched...
Mobile Telecommunications Ltd (MTC) hosted the inaugural MTC OATF Tech conference, bringing together and providing a platform where industry experts explored and dissected relevant topics. The conference aims to foster dynamic and efficient tech solutions, prioritise engagement and networking, and grant institutions’ access to a broader range of knowledge, skills and expertise. Speaking at the...
The interaction of Namibia’s growing population and the existing housing backlog underlines the urgent need for effective policy interventions and increased investment in housing development. The inability to address underlying concerns of land availability, housing affordability and economic inequality will cause an already untenable situation to deteriorate, thereby posing new social and economic challenges in...
Iuze Mukube Digitisation and the preservation of cultural heritage through education, are essential to sustain cultural legacy in Namibia, while also harnessing the various opportunities from the sector. These sentiments were highlighted during a two-day Creative Entrepreneurship Academic Conference held in Windhoek recently under the theme ‘The Role of Education in Preserving and Digitising Cultural...
The United States gave its backing yesterday to UN efforts to resolve differences between Libya’s rival administrations over the management of the central bank without cutting off vital oil income. The US embassy said the move by the UN Support Mission in Libya (UNSMIL) “offers a path forward to resolve the crisis” sparked by the...
Namibia Dairies, a subsidiary of the Ohlthaver & List (O&L) Group, announced the successful conclusion of wage negotiations with the Namibia Food and Allied Workers Union (Nafau). This agreement, covering 1 July 2024 to 30 June 2025, applies to all permanent employees within the bargaining unit. Despite challenging economic and financial conditions, Namibia Dairies and...
Canadian Prime Minister Justin Trudeau on Monday announced a 100% tariff on Chinese electric vehicle imports, matching US measures seeking to fend off a flood of state-subsidised Chinese cars into North America. Accusing China – one of the world’s largest exporters of electric vehicles (EVs) – of “not playing by the same rules as other...