The Namibian economy is expected to slow down marginally in 2025, with output constrained by weaker activity in manufacturing and primary industries, before gaining momentum next year. The latest figures from the central bank indicate the country’s real GDP growth should moderate to 3% in 2025, from 3.7% in 2024, The Bank of Namibia’s (BoN’s)...
After recording another year of strong financial performance, the Namibia Ports Authority (Namport) last week declared a N$100 million dividend to its sole shareholder, the Namibian government. The dividend, announced last Thursday by Namport chairperson, Nangula Hamunyela, is related to Namport’s performance for the year ended 31 March 2025. “We have seen positive growth in...
Further to an ongoing discussion of global exploration opportunities between TotalEnergies and Chevron, TotalEnergies EP Nigeria has signed a farmout agreement with Star Deep Water Petroleum Limited, a Chevron company, to sell a 40% participation in the PPL 2000 and PPL 2001 exploration licences offshore Nigeria. Located in Nigeria’s prolific West Delta basin, the PPL...
Standard Bank Namibia reaffirmed its commitment to driving growth, sustainability, and homeownership at its recent Home Loans Grand Finale. The event honoured top-performing estate agents, developers, and consultants whose dedication has shaped Namibia’s housing market. Standard Bank chief executive Erwin Tjipuka emphasised the bank’s strategic focus on growth and sustainability. “Namibia is our home, and...
In an era where Venture Capital (VC) and Private Equity (PE) have accelerated business growth, created jobs and fostered innovation across the world, the Economic Association of Namibia (EAN), in partnership with the Hanns Seidel Foundation (HSF), recently hosted a public discussion under the theme ‘Investing in Potential: How Venture Capital & Private Equity Can...
Guarding against theft, rooting out corruption, prioritising local procurement and generally enhancing efficiency in government procurement and supply chain management are some of the benefits anticipated from Friday’s launch of the Government E-Stores Platform. The new digital procurement and monitoring system was launched by Minister of Works and Transport Veikko Nekundi. “Today, we come together...
An upsurge in international crude and refined product prices, tightening supply driven by geopolitical tensions, limited OPEC+ output growth and ongoing refinery disruptions will see domestic fuel prices go up by 21 cents a litre on Wednesday, 3 December. The mines and energy ministry announced the increase on Friday, which will be the third for...
An ambitious housing development programme called the Cuvelai Special Housing Scheme Fund was launched on last Friday in Keetmanshoop. With a five-year vision to construct 100 000 affordable homes nationwide, the fund has commenced its first phase, which targets the delivery of 10 000 housing units, including 2 142 homes earmarked specifically for Keetmanshoop. ...
NBA Africa on Wednesday announced the 10 startup companies from five African countries selected as finalists for the second edition of the NBA Africa Triple-Double Accelerator, a programmme launched last year to support the continent’s technology ecosystem and the next generation of African entrepreneurs. The 10 finalists will pitch their products to a panel of...
Baumgartbrunn Vocational Training Academy has strengthened its role in supporting skills development in Namibia, especially as demand for qualified welders continues to rise. The academy is registered as a Section 21 company, meaning it operates as a non-profit organisation focused on training and community development rather than making a profit. The academy is a member...