The growing cost of transport was the main driver of Namibia’s inflation increase in September, according to Helena Mboti, Economist at First National Bank Namibia. Speaking on the latest inflation figures, Mboti noted that the jump was “mainly driven by higher inflation in the transport category, which saw prices rise by 1.3% year-on-year, after falling...
Namibian youth will soon benefit from academic and industrial training initiatives targeting the imminent development of a local upstream oil and gas sector. This is after Namibia’s Petroleum Training and Education Fund (PetroFund) jointly announced the signing of a Memorandum of Understanding (MoU) with McDermott International to invest in the next generation of Namibian youth. ...
An online survey has found that most government employees want to see the Payroll Deduction Management System (PDMS) improved rather than shut down. About three-quarters of those who took part said the system helped them avoid falling into too much debt by making loan repayments easier to manage. The survey was conducted by Fin Fit...
The slow pace of global airplane production is estimated to cost the aviation industry more than US$11 billion (about N$189 billion) in 2025. Challenges within the aerospace industry’s supply chain are delaying production of new aircraft and parts, resulting in airlines around the world reevaluating their fleet plans and, in many cases, keeping older aircraft...
The Communications Regulatory Authority of Namibia (CRAN), in a radical step towards bridging the digital divide between urban and rural communities, recently donated eight computers and upgraded internet speeds to 50 Megabits per second (Mbps) to the Gochas and Koёs libraries in southern Namibia. This is as access to technology is no longer a privilege,...
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...
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...
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...