Namibia’s National Oil Storage Facility (NOSF), situated on the outskirts of Walvis Bay, stands tall as one of the country’s most ambitious and strategically significant infrastructure investments. Built at a cost of roughly N$6.5 billion and designed to hold up to 75 million litres of fuel, the facility represents far more than a storage depot....
The Development Bank of Namibia (DBN) yesterday launched a new financing product to increase access to credit for women-owned businesses. The product, called DBN for Her, is designed to address a long-standing funding gap for women entrepreneurs. Speaking at the launch, DBN acting chief investment officer Cliffy Nauses said the initiative is part of its...
RMB Namibia, a division of First National Bank of Namibia Limited, has provided Telecom Namibia with a N$405 million social loan to support the company’s plan to upgrade its infrastructure and expand connectivity nationwide. The seven-year loan will help fund Telecom Namibia’s five-year strategy to improve internet and mobile services, especially in underserved areas. Telecom...
Oshikoto Regional Council chairperson Sacky Nangula has urged administrators, technocrats and all public servants to embrace innovation and unity to deliver on the promises made to the electorate. During a staff address at the Omuthiya Multi-Purpose Youth Centre, themed ‘Providing New Marching Orders for Improved and Innovated Service Delivery,’ Nangula reminded councillors of the five-year...
The Bank of Namibia (BoN) has signed a gold purchase agreement with QKR Namibia Navachab to strengthen the country’s financial reserves. The agreement will allow the central bank to buy gold produced in Namibia in a structured way. This forms part of BoN’s plan to improve its reserve management and make the economy more stable....
Coca-Cola Beverages Africa in Namibia has honoured 129 long-serving employees at its 2026 Long Service Awards, marking the highest number of staff recognised since 2022. The awards celebrate workers who have dedicated years of service to the company, ranging from five to 35 years. A highlight of the event was the recognition of 11 employees...
Finance Minister Ericah Shafudah on Tuesday defended the 2026/27 national budget, saying it strikes a careful balance between fiscal consolidation and economic support while safeguarding social spending and promoting sustainable growth. Responding to concerns raised by Members of Parliament during the second reading of the Appropriation Bill, Shafudah emphasised that the budget does not introduce...
The Namibia Statistics Agency (NSA) has emphasised the importance of data-driven planning, noting that accurate statistics are critical to effective national development and service delivery. NSA spokesperson Iipumbu Sakaria, during an information sharing session on Tuesday, said Namibia’s demographic data reveal key trends that should inform policy and planning, including rapid urbanisation, high unemployment, and...
Energy company TotalEnergies has decided to stop developing offshore wind projects in the United States after signing a settlement with the United States Department of the Interior (DOI). The company will give up two wind leases it secured in 2022. These are the Carolina Long Bay and New York Bight leases, which it held with...
Global mobile money transactions passed US$2 trillion in 2025. This shows how fast the industry is growing. This is according to the latest GSMA State of the Industry Report on Mobile Money 2026. While it took the industry 20 years to reach US$1 trillion in annual transaction value, it took only four years from that...