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...
House prices in Namibia increased more rapidly at the end of 2025, despite a decline in the number of people able to purchase homes, according to the latest First National Bank (FNB) House Price Index. The index rose to 7.6% in the fourth quarter of 2025 (4Q25), increasing from 5.9% in the previous quarter. Meanwhile,...
JOHANNESBURG – China will allow duty-free imports of some South African products under a deal being finalised as Pretoria seeks to diversify its markets, the trade ministry said on Thursday. China is South Africa’s largest trading partner, followed by the United States, which, in August last year, imposed 30% tariffs on some South African products. ...
NAIROBI – African manufacturers were warned on Wednesday that a one-year extension to the long-standing duty-free deal with the United States was only a temporary “breather” and could jeopardise long-term investment. The African Growth and Opportunity Act (AGOA) was renewed by US president Donald Trump on Tuesday until the end of 2026. A cornerstone of...
LONDON – British-Australian miner Rio Tinto said on Thursday that it was ending talks to merge with smaller Swiss resources giant Glencore, a deal that would have created the world’s largest mining firm. “Rio Tinto has determined that it could not reach an agreement that would deliver value to its shareholders,” the group said in...
The Namibia Revenue Agency (NamRA) has identified a technical glitch in its Integrated Tax Administration System (ITAS) that has resulted in duplicate tax returns for some taxpayers, prompting the agency to temporarily advise against submitting affected returns. In a statement issued yesterday, NamRA confirmed that the duplication issue was detected on Monday. The problem affects...