Namibia’s inflation rate fell to a four-year low in February, but economists warn this might only be the calm before the storm. Rising geopolitical tensions in the Middle East have sharply altered the global energy outlook, raising the risk that Namibia’s disinflation trend could soon reverse. According to analysis from financial services firm Simonis Storm...
The African portfolio for energy supermajor Chevron is entering a new phase of exploration-led growth. This is as international energy companies continue to pursue new discoveries across frontier basins and established producing hubs. For Chevron, Namibia has emerged as one of the most closely watched exploration regions in the world following a series of major...
PARIS – For anyone in the import business, the economic risks from the war in the Middle East arrive by sea — and that goes for everyone who buys their products, too. As the war rages into its third week, the near-total closure of the strategic Strait of Hormuz has upended not just the oil...
The Namibian government has received interest from investors and developers following its invitation of proposals for green industrialisation projects under the Namibia Green Hydrogen Programme (NGH2P). Speaking at a recently held stakeholder workshop in Windhoek, transaction advisor at CrossBoundary Group Pierre-Adrien Baudelet said the 148 project proposals were submitted, representing potential investments of around US$1...
Standard Bank Namibia on Wednesday hosted the Annual Budget Dialogue 2026 in Windhoek, bringing together leaders from government, finance and industry to discuss the direction of the country’s national budget. The discussion focused on the 2026/27 national budget and its implications for Namibia’s economic future. Speakers said the budget sends a clear signal about the...
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...
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...