An analysis conducted by the Bank of Namibia shows that a lower inflation target of 3% in South Africa will lead to low and stable long-term inflation in Namibia, which is beneficial for price stability. The Bank of Namibia states that the eventual decline in inflation is expected to cause a reduction in interest rates...
The European Union (EU), in collaboration with the Port of Rotterdam and Namibia Ports Authority (Namport), signed a N$13 million agreement to support the planning of the Lüderitz Port expansion at Angra Point. According to Martijn Coopman, Programme Manager of International Hydrogen Supply Chains at the Port of Rotterdam, this initiative builds upon the existing...
Cabinet has not approved a transaction for Namibia to purchase a part of the De Beers Group, the world’s leading diamond producer, which is currently owned by Anglo American (85%) and the Government of the Republic of Botswana (15%). This is despite a media report last week, titled ‘Cabinet agrees to De Beers equity acquisition’...
Deep Yellow Limited, an Australian stock exchange-listed uranium developer, has appointed Zebra Kasete as Managing Director of its Namibian operations, effective 5 January 2026. In this role, Kasete, who will report to the Managing Director and CEO of Deep Yellow, will support the construction of the Tumas Project and be responsible for managing the Namibian...
Standard Bank Namibia is urging citizens to take proactive steps in protecting themselves from fraud and scams, as Namibia joins the global community in observing International Fraud Awareness Week, which is observed under the theme “Stop. Check. Protect.” The bank is championing a culture of awareness and vigilance to help safeguard consumers, businesses, and the...
Land servicing activities that commenced earlier this year in some areas of the Khomas region have already resulted in over 2100 serviced sites. On these sites an estimated 2800 affordable housing units are to be built, with services ranging from consultancy to construction expected to cost around N$900 million. A statement issued by the Khomas...
Head of business and commercial banking at Standard Bank Namibia, Helena Amupolo said that it is important to help entrepreneurs grow and expand their businesses. She explained that many entrepreneurs in Namibia are ambitious and creative, but they need the right support to succeed. She said this at the Market Access and Trade Opportunity Evening...
BEIJING – Namibia’s new Ambassador to China, Tonata Itenge-Emvula, recently made her maiden address on the global stage, asserting the country’s position as an ideal investment destination. Itenge-Emvula particularly pointed to Namibia’s growing potential in the oil and gas, agriculture and food industries as key investment sectors. “Agriculture is also key to our development; food...
Namibia’s true wealth lies not in its mines, oil, gas, or sea, but in its people, especially its creative minds said the governor of Bank of Namibia Johannes !Gawaxab at the central bank’s Annual Symposium 2025, held under the theme “Unleashing the Power of the Creative Industries.” !Gawaxab said the creative industry has the power...
The Namibia University of Science and Technology (NUST) signed new salary agreements with the Namibia Public Workers Union (NAPWU) and the Teachers Union of Namibia (TUN) concluding negotiations for the 2024/2025 financial year. According to the statement issued by public relations officer at NUST, Cindy van Wyk, the agreements cover both academic and administrative staff...