The Central Procurement Board of Namibia (CPBN) has awarded a N$191 million contract to commence with a critical upgrade to Namibia’s southern water infrastructure. Fully funded by the Namibia Water Corporation (Namwater), the project will ensure reliable water supply to the communities of Naute, Keetmanshoop and surrounding areas. By awarding the contract, the CPBN was...
Namibia experienced a decline in the export of goods last month, while imports continued to rise. This was revealed by the Statistician General and CEO of the Namibia Statistics Agency (NSA) Alex Shimuafeni. The monthly decrease in exports was driven by a sharp fall in uranium exports, which dropped by N$2.7 billion. Precious stones, including...
USAKOS – For Hendrik Eric Muronga, this year’s Araf Trade Fair was more than just another exhibition – it was proof that hard work and perseverance can pay off. The fair took place in Usakos, attracting hundreds of visitors during the three-day event. Not only were corporates present, but locals were also given the opportunity...
Petty’s Cuisine, a seafood restaurant in northern Namibia, is helping fight unemployment and bring hope to a local community, after its founder turned a personal setback into an opportunity. Petty’s Cuisine, founded by Petrina Ngalagombe, opened in 2023 and currently employs four people from the surrounding area. The restaurant, which specialises in seafood dishes, was...
A recent report indicates that air transport passengers are ready to go digital when it comes to travelling. The report by SITA, the air transport industry’s tech engine, shows that digital-first generations, now the main driver of growth, are setting the baseline for what air travel must deliver next. In its SITA Passenger IT Insights...
Former President Nangolo Mbumba is scheduled as one a number of influential dignitaries and thought leaders to feature at an upcoming business summit in the capital. The summit, hosted by the Leaders Without Borders Development Centre (LWBDC), will this year focus on boosting intra-Africa trade and increasing economic growth on the continent. LWBDC is a...
Trustco Group Holdings yesterday stated it will formally appeal both the public censure and a N$5 million fine imposed on it by the Johannesburg Stick Exchange (JSE). The JSE imposed the penalties on Trustco after accusing the Namibian company of selling off shareholding in its mining subsidiary, Meya Mining, without shareholder approval. A censure by...
The creation of a competition compliance culture within Namibia’s various economic sectors is of utmost importance. This is because compliance with competition regulations not only creates a level playing field for businesses but ensures all businesses are held to the same standards, regardless of their location, and helps prevent unfair competition practices. This was part...
The Nictus Group intends expanding its retail footprint in Namibia with the opening of a new Build It store in Rehoboth. Expected to open its doors next year, the new Build It will mark a significant milestone in the group’s ongoing commitment to empowering communities through accessible building solutions. Pending final preparations, the Build It...
TotalEnergies yesterday announced the appointment of Nicola Mavilla as senior vice president for exploration with effect from 1 November 2025. Mavilla is replacing Kevin McLachlan, who held this position since 2015. Recent TotalEnergies exploration activities have led to major discoveries over the past three years, notably in Suriname and Namibia. TotalEnergies invests around US$1 billion...