Business

The country’s first mobile service provider, MTC has responded to customers with a decision to remove the limit on the number of concurrent prepaid subscriptions one can have. Previously, customers could only have up to three active subscriptions, which at MTC is referred to as Aweh.  “The removal of the Aweh subscription limitations was a...

Namibia recorded a trade deficit of N$58 million in July 2025, marking a decline from a surplus of N$856 million recorded in June, but reflecting an improvement compared to the N$2 billion deficit registered in July 2024.  This is according to Statistician-General and Namibia Statistics Agency CEO, Alex Shimuafeni, whose latest trade report highlighted blankets...

Of the N$106 billion national budget government announced for the current financial year, a significant amount representing billions of dollars will be spent on goods and services procured from the private sector.  This substantial procurement, about 25% of Namibia’s GDP, is subject to stringent rules by the Procurement Policy Unit (PPU) in the finance ministry. ...

First National Bank Namibia (FNB) has reported that Private Sector Credit Extension (PSCE) held steady in July 2025, with business credit continuing to be the primary contributor to PSCE growth, although it decelerated slightly to 10.1% year-on-year (y/y) in July from 10.6% y/y recorded in the previous month.  Meanwhile, household credit showed a marginal improvement,...

The Namibia Chamber of Commerce and Industry (NCCI) Secretariat recently elected Lüderitz branch leadership for the next two years. The branch will be led by Alex Gawanab as chairperson and Daniel Hooft as vice chairperson. Both men are well-regarded figures in the Lüderitz business community, representing the fishing industry and the emerging kelp-linked sector, respectively....

Paratus Namibia on Tuesday evening introduced the latest innovations in mobile connectivity, showcasing how Voice over LTE (VoLTE) and Voice over Wi-Fi (VoWiFi) are set to transform the way Namibians communicate.  The network is built entirely on 4G LTE, making Paratus the first operator in the country to exclusively deploy a network designed for the...

LONDON – A global bond selloff extended yesterday, sending yields in Japan to record levels, and gold reached a new peak, as investors fret over mounting government debt. European equities firmed while Asia’s major stock markets were in the red. “Government bond yields have jumped sharply in recent days, largely because investors are demanding a...

Civil servants, most of whom are members of the Government Institutions Pension Fund (GIPF), will be able to use a portion of their pensions to either build a house or make improvements to existing properties by January next year. This is after the highly anticipated government approved scheme was made official this week during a...

The Communications Regulatory Authority of Namibia (CRAN) has raised concerns over a significant increase in online scams across the country in recent weeks, warning that the trend poses a threat to consumer safety and national digital security.  In response, the regulatory authority is calling for intensified efforts to educate the public on the importance of...