The average house price in Namibia has increased to N$1,360,664 at the end of the second quarter of 2025 (2Q25), slightly up from N$1,345,270 in the first quarter (1Q25), and higher than the N$1,263,673 recorded in the same period last year (2Q24). This is according to the latest FNB Housing Price Index, which shows that...
MTC Maris recently presented its new innovations and solutions to Minister of Information and Communication Technology (ICT), Emma Theofelus. A financial technology company and subsidiary of MTC Namibia, MTC Maris recently undertook a courtesy visit to the ICT minister with the intention to introduce its business whilst also exploring potential areas for collaboration, particularly in...
The Daures Green Hydrogen Village (DGHV) on Friday held a groundbreaking ceremony for a low-carbon fertiliser plant. This is expected to provide an alternative to costly imported synthetic options that could significantly boost food security in Namibia and southern Africa. The event was officiated by Erongo governor, Natalia /Goagoses, who hailed the project for its...
FirstRand Namibia has delivered strong financial results for the year ended 30 June 2025, showing the company is managing well despite economic challenges. The group’s profit after tax grew by 12.2%, reaching N$1.9 billion, up from N$1.7 billion in 2024. Chief financial officer of FirstRand Namibia Lizette Smit said return on equity (ROE) improved to...
China on Friday celebrated the 35th anniversary of the establishment of diplomatic relations between China and Namibia with China’s ambassador to Namibia, Zhao Weiping, sharing insights on the two countries’ relations. Since the establishment of diplomatic ties, mutually beneficial trade and economic cooperation between the two countries have continued to expand. China has long been...
The Namibia Green Hydrogen Programme (NGH2P) this week took part in a high-level policy forum on strengthening the green hydrogen value chain, held at the National Assembly Experience Centre in Seoul, South Korea. The event, co-hosted by the National Assembly of South Korea and the Jeju Special Self-Governing Province in partnership with the Korea Hydrogen...
Namibia Consumer Price Index (NCPI) inflation rate eased to 3.2% in August 2025, compared to 4.4% in the same month last year, the Namibia Statistics Agency (NSA) announced yesterday. On a monthly basis, inflation remained flat at 0.0%, down slightly from 0.1% recorded in July. The main contributors to the annual inflation rate of 3.2%...
OPUWO – The Roads Authority (RA) celebrated a significant milestone on Tuesday, awarding certificates to 278 youths who successfully completed their training in road construction in Opuwo. The initiative forms part of the Roads Authority’s strategic vision, specifically regarding the ongoing phase one project of the Opuwo-Okangwati road. The training, which was completed last month at the...
Minister of Finance, Ericah Shafudah, has pledged to engage the Agribank board over delays in approving loans for the purchase of commercial farms. Her assurance followed an urgent oral question in the National Assembly on Wednesday from Popular Democratic Movement leader McHenry Venaani, who criticised the state-owned bank’s lengthy turnaround times. Venaani said Agribank, established...
KEETMANSHOOP – The Ministry of International Relations and Trade (MIRT), in collaboration with the Ministry of Industries, Mines and Energy (MIME) recently held a regional business engagement in Keetmanshoop to assist businesses and Small and Medium Enterprises (SME’s) in advancing their income-generating activities. In her keynote address MIRT minister, Selma Ashipala-Musavyi described the engagement as...