Nhika Vassallo Magano Erkana Namibia, the world’s third-largest uranium producer, contributes approximately 10% of global uranium output, which is no small feat for a ‘small’ nation. Namibia is currently able to produce about 60% of its energy demand locally while importing the shortfall from neighbouring nations. This dependency, coupled with rising energy demands, underscores the...
The Bank of Namibia (BoN) has appointed Helvi Fillipus and Dr John Steytler as two new members to its Monetary Policy Committee (MPC). Steytler, a distinguished economist, has been appointed as the first independent member of the MPC for a three-year term, while Fillipus, an economic advisor at the bank, joins the committee as its...
ZeeA Fragrances, a Namibian oil-based perfume, began on a quiet evening in a small sitting room. Perfume bottles lined the shelves, essential oils waited to be mixed, and Tertisia Nghipondoka was carefully crafting scents by hand. What started as an effort to cover everyday expenses has grown into ZeeA Fragrances, one of Namibia’s fastest-growing multi-level...
In Ongulumbashe, an informal settlement of Windhoek, upcoming entrepreneur Boniface ‘Siyabonga’ Sbonnie is carving out a living through creativity and resilience, transforming makalani tree seeds into handmade key holders that have become his main source of income. Using makalani seeds, which are carefully peeled, cleaned and shaped, Sbonnie produces unique key holders that are both...
Puma Energy Zambia and BHL Group have signed a strategic five-year fuel logistics agreement that is set to reshape energy supply chains and strengthen the Zambia–Namibia trade corridor, one of southern Africa’s most critical commercial arteries. Announced on Monday, the partnership will see BHL Group, Zambia’s largest hauler of copper exports, assume responsibility for transporting...
Pan-African telecommunications and network services provider Paratus Group on Tuesday switched on a major new fibre route in East Africa, directly connecting Mombasa on the Kenyan coast to Goma in the eastern Democratic Republic of Congo (DRC) through a protected terrestrial network. The newly activated 2000km G2M (Goma-to-Mombasa) fibre route runs via Kigali (Rwanda), Kampala...
The country’s ambition to become one of Africa’s next major oil producers has hit a snag, after the government reminded industry stakeholders that all deals involving Namibian petroleum licence interests must be approved by the Minister of Industries, Mines and Energy. In a statement issued on Sunday, the ministry noted it was only informed of...
Standard Bank Namibia has appointed Helena Mboti as group economist. Mboti brings a decade of experience across central and commercial banking, offering a well-rounded, insightful perspective on macroeconomic policy, financial markets, and balance-sheet risk. Her professional background includes significant roles at the central bank, where she served as an economist in the research department and...
First National Bank (FNB) Namibia has issued a stern warning to its CashPlus agent network amid growing concerns that some agents are imposing unlawful charges and conditions on customers accessing basic banking services. The bank stated that it has noted, with concern, reports of customers being asked to pay additional fees or being compelled to...
Rosh Pinah Zinc (RPZ) and Appian Capital Advisory Limited, an investment advisor, recently announced the commissioning of a new paste fill plant, a critical component of the RP2.0 expansion project, which is over 85% complete, on schedule, and within budget. The paste fill plant is the first commissioned paste backfill operation in Namibia and reduces...