Key to the Paratus Group’s impressive expansion plan has been the addition of East Africa, and Martin Cox, chief commercial officer, who has spearheaded the group’s efforts to make it a reality. When Cox joined the Paratus Group in 2021, his principal mandate was to champion the group’s ambitious expansion across Africa. “I’m very proud...
The Namibia Securities Exchange (NSX), in collaboration with the Bank of Namibia (BoN) and supervised by the Namibia Financial Institutions Supervisory Authority (Namfisa), on Thursday launched the Central Securities Depository Limited (CSD). The new CSD marks a step forward in modernising the country’s capital markets. For more than 10 years, old regulations prevented Namibia from...
Namibia’s annual inflation for November 2025 stood at 3.4%, with Zone 1 recording the lowest rate among the three price-collection zones, the Namibia Statistics Agency (NSA) has announced. Statistician General and NSA CEO Alex Shimuafeni said Zone 1, which covers Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa and Zambezi, recorded an annual...
ReconAfrica and its joint venture partners, the National Petroleum Corporation of Namibia (Namcor) and BW Energy, will, within the coming months, assess the production capacity and then the commercial viability of their oil and gas discovery in the Kavango region. That assessment will determine the next steps for the recent discovery that marks one of...
Standard Bank Namibia marked the successful culmination of the Blue Growth Series, a pioneering four-month MSME capacity-building pilot that has empowered 40 promising Namibian micro, small, and medium enterprises (MSMEs) across diverse economic sectors, in both the formal and informal phases of business. The programme culminated in a vibrant closing event at Standard Bank’s headquarters,...
Bank Windhoek has been named the “Bank of the Year: Namibia 2025” by The Banker Magazine, a leading financial intelligence publication from the esteemed Financial Times group. This prestigious accolade, widely regarded as the industry standard for banking excellence globally, marks the fourth time Bank Windhoek has received this international recognition. The award ceremony took...
The De Beers Group, in conjunction with the Namibian government, is moving aggressively to reclaim the global spotlight for natural diamonds, launching a high-profile charm offensive aimed at the world’s largest jewellery market, namely the United States of America. As part of the offensive to recapture significant global market share lost to synthetic diamonds, the...
The Ministry of Justice and Labour Relations yesterday launched a nationwide campaign on the new minimum wage rates that will take effect from 1 January 2025, with planned increases continuing into 2026 and 2027. Speaking at the launch of the promotional material on the national minimum wage, acting director of labour services, Shou-Henock Amukwa, urged...
WALVIS BAY – African Global Logistics (AGL) has officially opened a new terminal at the Port of Walvis Bay, investing close to N$200 million in the facility. The Walvis Bay Multipurpose Terminal is designed to increase the port’s capacity and handing of bulk and break-bulk cargo. It also provides an alternative corridor and gateway for...
Leaders from across Europe and Africa came together to commemorate a landmark moment: 25 years since the first Africa-Europe Summit in Cairo. Last week, in Luanda, Angola, Heads of State and Government from the European Union (EU) and the African Union (AU) convened for the 7th AU-EU Summit on 24 to 25 November 2025 to...