With households across Namibia faced by rising food, fuel and rent prices, financial survival strategies have become essential. The latest Consumer Price Index (CPI) figures released in June 2024 reveal that the price of fruits has risen by more than 15.5%. Household staples, such as meat, cooking oil and dairy products, have surged by over...
The Bankers Association of Namibia (BAN) has appointed Dantagos Naomi Jimmy as its new CEO, effective 1 July 2025. She brings to BAN over two decades of experience, spanning investment management, financial markets, corporate governance and strategic advisory. She is the founder of Ndapunikwa Investment Management and has held senior, executive and technical roles at...
RIO DE JANEIRO – BRICS leaders meeting in Rio de Janeiro yesterday were expected to decry United States (US) president Donald Trump’s “indiscriminate” trade tariffs. They said they are illegal and risk hurting the global economy. Emerging nations, which represent about half the world’s population and 40% of global economic output, have united over “serious...
Many aspiring Namibian entrepreneurs and small business owners are failing to secure funding simply because they come to the bank ill-prepared, lacking right documentation and a clear understanding of their business needs, says Caroline Kamerika, Commercial Relationship Manager at First National Bank (FNB) Namibia, at the Business Summit Namibia on Saturday. Kamerika outlined the challenges...
Namib Desert Diamonds (Namdia) this weekend reiterated implementing critical security upgrades following the brazen and devastating armed robbery at its Windhoek premises earlier this year. The company made the remarks following recent social media posts it says contained unsubstantiated allegations regarding the company’s security protocols, governance practices and the appointment of a security consultant. “While...
Nedbank Namibia recently partnered with the Root 77 June Market Day in Rehoboth, reaffirming its commitment to community development, cultural celebration and financial inclusion across Namibia. Held on the scenic banks of the Oanob River in Rehoboth, the Root 77 Market Day brought together local entrepreneurs, artists, chefs and families in a spirited celebration of...
Of the more than 100 Non-Banking Financial Institutions (NBFI) that were non-compliant with directives issued by the Namibia Financial Institutions Supervisory Authority (Namfisa), more than 90% are operating in the micro-lending sector. Namfisa was established to supervise and advise the finance minister on matters relating to financial institutions and financial services. In its first quarter...
The Development Bank of Namibia (DBN) announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity (DAE) under the medium-sized project category. This landmark achievement was confirmed during the GCF’s 42nd Board Meeting held in Port Moresby, Papua New Guinea, from 30 June to 3 July 2025. The Green Climate Fund...
Air Connect Namibia has welcomed a twice-weekly non-stop Edelweiss service between Zurich Airport (ZRH) and Windhoek Hosea Kutako International Airport (WDH). The new service commenced on Tuesday, 1 June 2026. The introduction of the Zurich-Windhoek route is a landmark in Namibia’s efforts to strengthen ties with European markets. It also positions the country as an...
Gold prices climbed to record levels in 2025 as people and governments turn to the precious metal for safety during uncertain times. According to the Monthly Mining report issued by the Chamber of Mines of Namibia, the average price of gold in May 2025 reached US$3 309 per ounce, marking a 39% increase over the...