The Bank of Namibia, in collaboration with the Ministry of Finance and the Namibia Financial Institutions Supervisory Authority (Namfisa), recently launched the Namibia Financial Sector Transformation Strategy (NFSTS) 2025–2035. The national strategy sets the course for a modern, inclusive, and future-ready financial system that serves the development needs of all Namibians. The strategy represents a...
NEW YORK – Moody’s has raised Turkey’s long-term debt rating one notch up, from B1 to Ba3, with a stable outlook, though it remains in speculative territory, the rating agency said. Moody’s justified its decision on Friday by citing effective economic policies that have helped restore investor confidence in the Turkish lira. It also highlighted...
WASHINGTON – SpaceX chief Elon Musk’s Starlink satellite internet service experienced an hours-long global network outage last week, which executives attributed to a key software issue. The service interruption was announced on X at about 20h00 GMT on Thursday by Starlink’s official handle. Users in the United States and Europe began reporting problems with the...
David Adetona The Namibia International Cybersecurity Conference and Exhibition 2025 recently took place in the capital to address and combat digital threats. The event brought together industry experts, government representatives, and technology professionals to discuss emerging trends, challenges, and innovations in cybersecurity. Key topics addressed included cyber threat intelligence, harmful virus, data protection regulations, and...
Rudolf Gaiseb Local marketers have been urged to broaden their marketing tools and strategies for their brands to survive and thrive in the era of digital dominance. This was said during the second Annual Namibia Marketing Renaissance Conference hosted in Windhoek on Wednesday. Tulip Media Consultancy founder Albertina Kashuupulwa said many local businesses still opt...
The upgraded Namibian banknotes and coins unveiled on Wednesday evening by President Netumbo Nandi-Ndaitwah are a necessary step, given the country’s banknotes were last updated in 2012 while the domestic coin series has remained unchanged since 1993. As such, the updated currencies, expected to go into circulation next month, have been designed to meet the...
The Namibian Competition Commission (NaCC) has collected more than N$1 million in settlement agreements emanating from alleged anti-competitive behaviour by five pharmaceutical companies and one windscreen retailer. The affected parties engaged the commission after investigations concluded that these entities were engaged in exclusive dealings. These agreements were imposed between November 2022 and January 2023. In...
FRANKFURT – The European Central Bank was set to keep interest rates unchanged yesterday while the introduction of higher US tariffs threatened by US President Donald Trump hangs in the balance. A pause would bring an end to a string of cuts that dates back to September last year, as the ECB progressively lowered borrowing...
President Netumbo Nandi- Ndaitwah this week officially launched Namibia’s sixth National Development Plan (NDP6), calling it a bold and urgent step to fix the country’s slow and unequal economic growth. The plan, which is set to run from 2025 to 2030, is the last one before the country reaches its ambitious Vision 2030, described as...
The Development Bank of Namibia (DBN) this week launched a national promotional campaign aimed at enhancing the level of public understanding on financial solutions tailor-made for young entrepreneurs and small business owners in the country. This initiative is part of the bank’s broader mandate to develop the national economy by financing sustainable enterprises, particularly in...