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...
KPMG has released its latest global report, Banking Transformation: The New Agenda, which reveals how leading banks are reshaping their operations to deliver sustainable growth and cost efficiency. Drawing on a global survey of 228 banking leaders, the report outlines practical strategies for African banks to navigate growing economic pressures, regulatory change, and intensifying competition...
The Osire Refugee Camp, home to approximately 5 000 people, is a vibrant community that has long faced significant challenges in accessing banking services. With more than 3 000 to 4 000 adult refugees who have never been banked by any financial institution in Namibia, despite some having IDs and passports, the need for accessible...
KIRUNA – Sweden’s indigenous Sami fear they will lose their livelihood and culture if plans go ahead to mine a large rare earths deposit located on their traditional reindeer grazing grounds in the far north. Rare earth elements are essential for the green transition, including electric vehicle battery production, and the large discovery made in...