The Namibia Financial Institutions Supervisory Authority (Namfisa) recently unveiled its newly- redesigned, modern and user-friendly website. This development represents a crucial advancement in Namfisa’s dedication to improving operational efficiency, fostering transparency and enhancing engagement with stakeholders in Namibia’s financial sector. Speaking at the launch event, company CEO Kenneth Matomola emphasised the transformative nature of the...
The annual domestic inflation for January 2025 stood at 3.2%, the Namibia Statistics Agency (NSA) revealed last week. In its consumer price index report, the NSA stated that inflation was lower than the 5.4% registered in January 2024. The statistician general, Alex Shimuafeni, said the monthly inflation rate was 1.1%, higher than the 0.2% registered...
The Communications Regulatory Authority of Namibia (Cran) has announced a substantial financial turnaround, reporting a total comprehensive surplus of N$32.8 million for the fiscal year. This is a 293% increase compared to the previous year’s N$17 million loss. This growth is largely attributed to increased spectrum revenue from a successful spectrum auction, and a positive...
MALTAHÖHE – Namibia is poised to become the first African nation to harness renewable energy from the cactus plant, thanks to a pioneering Nopal Carbon Farming project launched in Maltahöhe last week. This project marks a step forward in converting arid lands into productive bioenergy sites. The project, located on farm Namseb in partnership with...
The passing of Sam Nujoma, Namibia’s founding president, has sent ripples through the business community. As a pivotal figure in the country’s struggle for independence from apartheid South Africa, Nujoma laid the groundwork for a stable and inclusive economic environment. Many stated that his leadership was crucial in fostering national reconciliation and economic stability after...
The introduction of a national minimum wage in Namibia is a landmark in the country’s economic and social journey. While its implementation poses challenges for businesses in the short-term, the long-term benefits for the economy, communities, and social equity far outweigh these initial hurdles. This policy is not merely a mandate, but a strategic investment...
Kavetja Ngaizuvare Street vendors are an important part of urban life, providing affordable food and goods to the public, at their convenience. However, despite their crucial role, their daily lives are filled with challenges, as they work hard to make a living. This week, New Era spoke to a few vendors to hear challenges from...
The Airlines Association of Southern Africa (AASA) has expressed renewed concern and frustration regarding a spate of incidents that disrupted airline operations over the summer peak travel season and throughout January. The incidents are primarily related to the reliability of refuelling infrastructure, electrical power supply and redundancy systems at the OR Tambo International Airport and...
Future Energies Services, a Namibian-owned company at the forefront of sustainable energy solutions, has appointed Aron Shindubu as general manager, effective 1 February 2025. Future Energies Services operates as the corporate wing of the Namibia Youth Energy Forum, a Section 21 registered non-profit organisation. Shindubu is an accomplished business development and strategy expert. He has...
KATIMA MULILO – Twenty selected entrepreneurs from Zambezi region’s eight constituencies will receive two-weeks training in tailoring and fashion design. The training is an initiative of the Zambezi Regional Council and is funded by the Community Skills Development Foundation (Cosdef) Oyetu Project. Addressing the participants, Zambezi Regional Council chairperson Matengu Simushi stated that the training...