ONGWEDIVA – Every morning at 6am, Petrus Iyambo, better known as Rasta Kapana, rises while the town of Ongwediva is still wrapped in the dawn silence. The streets are nearly empty, punctuated only by the distant hum of cars and the occasional footsteps of early commuters. The air carries a crisp chill, and the faint...
LAS VEGAS – AI juggernaut Nvidia unveiled its latest AI platform on Monday, as the world’s most valuable company works to maintain its leadership in supplying the chips that power the artificial intelligence revolution. The California-based company made its announcement at the annual Consumer Electronics Show in Las Vegas, where CEO Jensen Huang’s keynote was...
ZURICH – Swiss food giant Nestle announced on Monday a recall of batches of infant formula in several European countries, notably France, Germany, Austria, Denmark, Italy and Sweden, as a precautionary measure. On its website, the group said it had detected a “quality issue” in an ingredient sourced from one of its major suppliers. “Nestle...
LONDON – Oil prices dipped yesterday after the United States ousted Nicolas Maduro, leader of crude-rich Venezuela, raising the prospect that billions of barrels could be added to the global market in coming years. Shares prices of defence companies and gold miners rallied on the new geopolitical risks in the wake of the US invasion,...
As Namibia emerges as Africa’s “New Energy Frontier” with major oil and gas discoveries in the Orange Basin, a tremendous amount of exploration, geographic and economic data is being generated. A new website has been created in order to safeguard this date and to ensure that Namibian information belongs to and is managed by Namibians....
The Communications Regulatory Authority of Namibia (CRAN) has renewed the contract of its chief executive officer (CEO), Emilia Nghikembua, for a second term of office, effective from 1 January 2026 to 31 December 2030. The renewal follows the exemplary leadership and outstanding performance demonstrated by Nghikembua during her first term in office, which ran from...
The Central Bank of Egypt (CBE) and African Export – Import Bank (Afreximbank) recently signed a Memorandum of Understanding (MoU) for the establishment of a pan African Gold Bank. This strategic initiative aims to formalise gold value chains, strengthen Central Bank reserves and reduce Africa’s reliance on foreign refining and trading hubs. This landmark MoU...
In 2025, Namibia’s economy saw significant changes that affected households, businesses, and investors. Inside Business closely followed these developments, focusing on interest rates, inflation, and real-world economic impacts. The Bank of Namibia (BoN) oversees the repo rate, which is used to manage inflation and promote economic growth. In 2025, Namibia’s energy sector is undergoing significant...
Namibia’s economy grew by 1.9% in the third quarter of 2025, slower than the 2.1% growth recorded during the same period in 2024, according to the Namibia Statistics Agency (NSA). The latest figures show that while the economy continued to expand, the pace of growth eased as some key sectors struggled. In nominal terms, the...
The non-banking financial institutions (NBFI) sector continued to grow in the third quarter of 2025, supported by positive financial market conditions. According to the third quarter report released by the Namibia Financial Institutions Supervisory Authority (NAMFISA), chief executive officer Kenneth Matomola, the sector’s total assets rose to N$528.2 billion as of 30 September 2025. This...