A wholly Namibian-owned supermarket, Model, will officially replace Pick n Pay Namibia as of 1 July 2025. The transition is already in motion, with a phased refurbishment approach that will gradually bring the full Model experience to life from the beginning of July when Model will officially launch across the country. This re-emergence, as Model...
Letshego Holdings Namibia has appointed Lizl Timbo as the new manager of people relations. In her role, she is expected to work closely with Letshego’s head of people and culture to execute strategic initiatives. With 14 years of experience in human resources, Timbo is passionate about creating a thriving human-centric work environment. She anchors her...
In Namibia, Paratus has a long-standing partnership with Eduvision, a project dedicated to advancing digital learning in rural schools. For more than six years, Paratus has provided Geostationary Earth Orbit (GEO) satellite equipment, infrastructure and technical support to empower more than12 000 learners and 471 teachers in schools – from junior primary to senior secondary schools...
PARIS – A global stock market rout deepened yesterday, with Hong Kong crashing as US president Donald Trump stood firm on tariffs despite fears that his trade war could spark a recession. Hong Kong’s Hang Seng index sank 13.2%, its biggest drop since the 1997 Asian financial crisis, while Tokyo’s Nikkei 225 fell an eye-watering...
Hyphen Hydrogen Energy’s recently-launched Local Content Roadshows (LCRs) aim to share the initial results of a baseline study investigating potential local content opportunities for Namibian businesses to participate in the Hyphen project. Hyphen has launched roadshows with the Namibia Investment Promotion Development Board (NIPDB) and the Namibia Chamber of Commerce and Industry (NCCI). The LCR...
Namibia’s trade deficit in February improved, standing at N$2 billion compared to N$2.7 billion recorded in January 2025. This is as domestic export earnings for the same month stood at N$10.1 billion, a decrease of 5.1% from N$10.7 billion recorded in January 2025. The Namibia Statistics Agency’s (NSA) latest Trade Statistics Bulletin reveal that duringFebruary...
Following regulatory approval, Trustco Life has rebranded to Stanbury Life. This transformation, as approved by the Namibia Financial Institutions Supervisory Authority (Namfisa), the non-banking financial services regulator, follows the recent completion for a N$468 million share buyback transaction in the insurer’s holding company, Legal Shield Holdings. This means Stanbury Life, formerly Trustco Life limited, is...
The Namibia Civil Aviation Authority (NCAA) was recently awarded by vote, the prestigious Best Civil Aviation Authority accolade at the Aviation Week Africa (AWA) gala night held in Livingstone, Zambia. The continental recognition celebrates outstanding performance, regulatory excellence, and commitment to aviation safety and service delivery across Africa. The award was handed over to NCAA...
Rudolf Gaiseb The revival of the Okahandja Annual Trade and Tourism Expo is expected to boost the town’s economy significantly this month. The 14th edition of the expo is an opportunity for local entrepreneurs to showcase their innovative products and services. The jamboree will highlight ground-breaking solutions from entrepreneurs, including eco-friendly tourism initiatives and digital trade platforms,...
Economic analysts expect Private Sector Credit Extension (PSCE) growth to remain sluggish as Namibian households show limited demand for long-term credit, while corporate lending continues to expand. This is as PSCE growth slowed to 3.9% in February 2025, down from 4.1% in January, but up from 1.7% a year ago. Providing an analysis of the...