Namibia’s trade sector showed a notable improvement in November 2024, driven by an almost 40% annual increase in exports. As a result, the trade deficit, which is the amount by which a country’s imports exceed the value of its exports, narrowed to N$5.5 billion from N$7.7 billion in October. While this progress is notable, stock...
First National Bank Namibia has noted with regret the rising instances of people being swindled out of their funds while under threat of violence from criminals. The bank issued a statement after local media last week reported a 60-year-old pensioner was robbed of more than N$1 million from her FNB account. “Where such criminal incidents...
The World Bank has unveiled a new borrowing strategy for Namibia, marking a notable shift in its engagement with the country. The recently-approved Count ry Par tnership F r amewo rk (CPF ) for 2025 to 2029 is set to facilitate International Bank for Reconstruction and Development (IBRD) lending, which is a departure from the...
Eveline de Klerk Edgar Brandt SWAKOPMUND – Namibians are being called to the table as TotalEnergies EP Namibia (TEEPNA) and its joint venture partners prepare to explore the potential offshore development of the Venus well in the Orange Basin. Despite a slowdown in exploration activities in the area towards the end of 2024, exploration and...
Letshego Holdings Namibia has achieved a Net Promoter Score (NPS) of 40% in 2024, significantly surpassing the financial services industry average of 30%. This achievement highlights Letshego’s leadership in customer satisfaction within Namibia’s competitive financial sector. The Net Promoter Score is a globally recognised metric measuring customer advocacy. Letshego’s 40% NPS highlights strong customer advocacy...
The year 2025 will be a year where the Namibia Statistics Agency (NSA) will be releasing and disseminating statistics for all. This is premised on the fact that in 2023, the NSA ran a nationwide population and housing census. A census, as it is known in short, is one of the most complete data-collection exercises...
Massmart and Walmart have announced the first Africa-focused supplier growth summit to be held in Johannesburg on 2 April 2025. Participation in this Massmart powered by Walmart Growth Summit is open to prospective suppliers and entrepreneurs from across the African continent, with interest from entrepreneurs based in Ethiopia, Kenya, Nigeria, Ghana, Botswana and Namibia. The...
The World Bank (WB) recently stated that Namibia needs to reconsider the presence of state-owned enterprises (SOEs) in its domestic economy, before speaking of private sector-led growth. “Unpredictable state transfers to SOEs create fiscal pressures and highlight the need for better governance,” reads a World Bank country partnership framework report released last month. Since Namibian...
As Donald Trump is inaugurated today for his second term, a local investment expert believes the USA’s economic policies, particularly Trump’s protectionist trade stance, are likely to negatively impact Namibia and Southern Africa as a whole. This is as the World Bank (WB) has cautioned that Trump’s proposed trade tariffs could potentially have worldwide economic...
The beginning of a new year often comes with exciting possibilities, but it also brings significant financial responsibilities. For many parents, January and February mark the time to prepare for university registration and tuition fees, purchase learning devices, and ensure everything is in place for the start of the academic year. Following the festive holidays...