The Bank of Namibia (BoN) yesterday held the repo rate steady at 6.75%, in a decision that signals caution amid growing economic pressure in Namibia and abroad. This marks the third consecutive hold by the central bank, despite mounting calls for relief in the face of weak household credit growth and elevated borrowing costs. While...
Namibia’s decades-long push to become a key player in the global oil and gas industry is finally paying off. The country is now firmly on the energy investment map. This was the message at the Namibia Oil and Gas Conference currently underway at the Mercure Hotel in Windhoek. The event is themed ‘From Exploration to...
In a region of 300 million people, fewer than 7.2 million passengers take to the skies each year. This is not because people do not want to fly. At the recent Southern African Development Community Tourism (SADC) Alliance Think Tank, aviation and tourism leaders agreed that outdated and protectionist aviation policies are stifling Southern Africa’s...
Air Connect Namibia has welcomed Proflight Zambia’s new three-times-per-week scheduled service between Lusaka’s Kenneth Kaunda International Airport (LUN) and Windhoek’s Hosea Kutako International Airport (WDH). The new service, which will operate via Livingstone’s Harry Mwaanga Nkumbula International Airport (LVI), is set to commence from 3 March 2026. This service is scheduled to operate on Tuesdays,...
Selma Paulus (38) has turned a N$200 investment into a growing street business at Windhoek Central Hospital. She sells sweets, cool drinks as well as fruits and vegetables to patients, visitors and staff. Just over a year ago, she had no source of income. To survive, Paulus started selling sweets and dry chips from a...
GROOTFONTEIN – They say, ‘Curiosity killed the cat, but satisfaction brought it back’. However, for Frans Katjimune (50), curiosity gave life to a business journey that continues to grow. In a world where many people wait for the perfect opportunity or the right time, Katjimune has proved that asking the right question and taking a...
The Employment Equity Commission (EEC) has summoned 13 relevant employers to appear before a review panel due to non-compliance with the Affirmative Action (Employment) Act. The hearings, scheduled for 13 to 14 August 2025, is open to the public to attend and observe, as per the provisions of Section 38 in the Act. The summons...
The homegrown Pupkewitz Group, which this year celebrates 100 years of business in Namibia, has already expanded into South Africa, with stores in Upington (MegaTech Electrical) and Cape Town (Megatech Electrical Supplies), and is looking at potential business in neighbouring Angola and Botswana. However, Group Finance Director Eugene Shepherd cautions that any further regional expansion...
Nedbank Group’s results for the six months to 30 June 2025, amid a challenging operating environment, reflect 6% growth in headline earnings (HE) to R8.4 billion and return on equity (ROE) that improved slightly to 15.2% (H1 2024: 15.0%). The increase in HE was driven by non-interest revenue (NIR) and associate income growth. This is...
Beatrice Bienvenu has been appointed to lead Chevron’s exploration activities in Namibia and West Africa as country manager. She recently visited Windhoek in her new capacity and met with the leadership from the Upstream Petroleum Unit in the Office of the Presidency, the National Petroleum Corporation of Namibia (Namcor), the Petroleum Training and Education Fund...