It is vital that banking customers know and understand how their banks should treat them. Customers should expect their banks to provide them with information in a plain and understandable manner and language, ensure enquiries are attended to promptly and provide affordable and accessible banking services. This is according to Dantagos Jimmy, CEO of the...
Rosh Pinah Zinc (RPZ) has secured US$150 million, about N$2.6 billion at current exchange rates, debt financing to fund its expansion project. Construction for the expansion is reported to be over 80% complete and remains on budget. The debt financing was facilitated by Appian Capital Advisory Limited, the majority shareholder of RPZ and an investment...
Small and medium enterprises (SMEs) are often called the backbone of Namibia’s economy. They create jobs, support households, and drive innovation in local communities. Yet behind the statistics are thousands of entrepreneurs battling financial pressures, high operating costs, and regulatory hurdles. Namibia has an estimated 40 000 SMEs, which together contribute about 12% to the...
Namibia’s green hydrogen project is slowly coming to light, but experts say the industry is still risky and still in its early stage. Last week, Namibia officially opened Africa’s first large-scale solar-powered green hydrogen facility under Cleanergy Solutions Namibia. In April, President Netumbo Nandi-Ndaitwah inaugurated the first N$600-million HyIron Oshivela Green Hydrogen Plant. Economist Rowland...
Eleven years ago, Wentworth Shipanga saw a gap in his community and decided to turn his skills into a business. Today, his company, Comfort Zone Trading CC, is a growing enterprise that specialises in large-format printing, design and clothing products. Shipanga started his business in 2014 with a simple vision, to create a brand that...
FNB Namibia analysts have revised their inflation trajectory marginally lower, now predicting headline inflation to reach 3.5% year-on-year (y/y) by December 2025. This is slightly lower than FNB’s earlier projection of 3.7% and comes as the latest Consumer Price Index (CPI) shows that headline inflation slowed to 3.2% y/y in August 2025, from 3.5% in...
Namibia’s overall investment climate is improving, but the lack of growth in non-mining sectors poses a long-term risk to employment and economic stability, economist Rowland Brown warned on Friday. Namibia’s mining sector is a cornerstone of its economy, contributing about 50% of merchandise exports and 12% of Gross Domestic Product (GDP), driven by diamonds, uranium,...
The Electronic Transactions Act (Act No. 4 of 2019) gives legal recognition to electronic communications and transactions. It ensures that electronic signatures hold the same weight as traditional handwritten signatures. In this regard, Salt Essential IT, in partnership with leading regulatory and technology experts, recently hosted an exclusive E-Sign Breakfast at the Avani Stratos. The...
The German government has approved an additional €2 million (about N$40 million) in funding to strengthen Namibia’s pioneering green hydrogen initiatives, with a focus on transport innovation and skills development. Announcing the commitment, Florian Seitz, Chargé d’Affaires of the Embassy of the Federal Republic of Germany, said the funding will help demonstrate real-world applications of...
Minister of Information, Communication and Technology Emma Theofelus on Friday launched the MTC eSIM card in Windhoek, as the Namibia Tourism Board (NTB) and Mobile Telecommunications Ltd (MTC) signed a Memorandum of Understanding (MoU) to drive digital transformation in the country’s tourism sector. The eSIM – short for embedded SIM, drops the need for physical...