Businesses in Namibia’s startup ecosystem face significant challenges in scaling beyond domestic markets. These hurdles are compounded by limited commercialisation platforms, restricted access to funding and a lack of structured support for entrepreneurs. As a result, some Namibian innovators struggle to develop and commercialise their ideas locally, with limited cross-border financial transaction capabilities. This makes...
WASHINGTON – President Donald Trump’s tariffs and the retaliation they attracted will likely weigh on United States (US) growth and boost inflation. Collectively, these could dent US gross domestic growth by one percentage point and hike inflation by 0.6 points if kept in place for the year, said Nationwide chief economist Kathy Bostjancic.“Tariffs represent a...
LAGOS – The retail price of petrol in Nigeria has dropped to 860 naira (US$0.57) per litre, as a major local refinery drives down prices in a country long forced to import its fuel. The 650 000 barrel-per-day capacity Dangote Refinery cut depot prices twice in February, helping knock down costs from a five-month high...
KEETMANSHOOP – South Africa was Namibia’s largest export destination in January 2025, with a share of 22.8% of all goods exported.This is according to the Namibia International Merchandise Trade Statistics Bulletin released on Tuesday by the Namibia Statistics Agency (NSA). The bulletin also showed that the United States of America was Namibia’s second-largest export destination,...
The central bank aims to introduce an entirely new Namibian currency series from June 2025, to replace the current banknote series which has been in circulation since 2012 and the coins that have never been upgraded since their first issuance in 1993. The new series is expected to incorporate the latest security features while ensuring...
The European Union (EU) Delegation in Namibia, in collaboration with the Ministry of Industrialisation and Trade and the Namibian Standards Institution (NSI), officially handed over advanced laboratory equipment worth €695 670.This was given to the NSI last month at a ceremony held at the NSI Testing and Inspection Centre in Walvis Bay.Governor of Erongo Neville...
President Nangolo Mbumba has formally unveiled the commemorative Hage Geingob N$60 note. The new note is legal tender alongside the existing currency. The new banknote will only be printed once-off, designating it as a collector’s item. The central bank plans to release an entirely new range of Namibian currencies in June this year. Johannes !Gawagab,...
WASHINGTON – Mounting trade wars between the United States and its largest economic partners deepened yesterday as US tariffs on Canada, Mexico and China kicked in, sparking swift retaliation from Beijing and Ottawa. Stinging US tariffs on Canadian and Mexican goods came into effect as a deadline to avert President Donald Trump’s levies passed without...
Rudolf Gaiseb The Ministry of Mines and Energy has announced an increase in the prices of petrol and both diesel variants by 50 cents per litre, effective today. In Walvis Bay, the new prices will be N$21.17 per litre for petrol, N$21.42 per litre for diesel 50ppm, and N$21.52 per litre for diesel 10ppm. “Fuel...
RUNDU – Rundu could face a return to a water rationing if its outstanding debt of over N$300 million to the Namibia Water Corporation (NamWater) is not settled, or if remedial suggestions are not provided by 28 February 2025. NamWater CEO Abraham Nehemia, stated this in a letter seen by Nampa and addressed to the...