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...
The telecommunications sector is increasingly recognised as the backbone of modern communication, playing a crucial role in facilitating connections and supporting critical infrastructure as ICT has become an indispensable part of our daily life. However, this essential function also makes the industry a prime target for cyber threats, especially given the large volume of data...
Standard Bank Namibia this week entered into a three-year partnership with Rich-Africa Consultancy to support Namibia’s Energy Sector development. Beyond 2025, the bank intends to pursue opportunities to lead Africa’s energy and infrastructure development, using its deep sector expertise in the infrastructure and energy sectors and large balance-sheet to support clients amongst other advantages. Namibia...
The chief executive officer of one of the biggest insurers in the domestic economy has emphasised the importance of guiding learners through the often-overwhelming process of choosing a lasting and fulfilling career. Tertius Stears, chief executive officer of Sanlam Namibia, on Wednesday evening reaffirmed his company’s commitment to supporting the careers’ expo, and empowering young...
As airports invest heavily in automation, biometrics, security, self-service and personalised commercial services, terminal layouts must evolve alongside these innovations. The traditional model involving rows of check-in counters, static security areas and inefficient passenger flows no longer makes sense. Instead, airports need seamless integration, where smart technology and intelligent design work together to reduce congestion...
The Namibia Power Corporation (NamPower) has acquired two mobile sub-stations worth N$55 million, improving its ability to rapidly restore power during transformer failures. Speaking to Nampa after the arrival of the two substations here on Tuesday, NamPower Senior Engineer Elsebi Gadney said the substations are rated at 20 megavolt-amperes (MVA), offering versatile voltage ratios of...