The oil and gas industry has brought Namibia N$74.4 billion in foreign direct investment (FDI) since 2021. Speaking at the Bank of Namibia annual symposium yesterday, research director Emma Haiyambo said the discovery of oil in offshore Namibia has brought significant foreign capital to the country. “The oil and gas industry attracted about N$74.4 billion […] The post Oil ‘boom’ brings N$74bn in foreign capital appeared first on The Namibian .
The Namibia Local Businesses Association (Naloba) has called on works and transport minister Veikko Nekundi to withdraw his announcement that foreign contractors working on Namibia’s railway projects must allocate at least 10% of their contract value to Namibian-registered companies or suppliers. Nekundi was recently quoted in the Namibian Sun as saying that bidding and contract […] The post Business association calls on Nekundi to withdraw 10% local workscope requirement appeared first on The Namibian .
The Bank of Namibia has urged financial reporters to scrutinise institutions, warning that inaccurate reporting can contribute to financial uncertainty. Bank of Namibia (BoN) governor Ebson Uanguta in his opening remarks delivered on his behalf by the bank’s technical adviser, Romeo Nel, at the launch of the Bloomberg Media Initiative Africa financial journalism training programme […] The post Stop parroting – central bank tells reporters appeared first on The Namibian .
A donor has fallen victim to a scam after paying a pledge intended for the One Economy Foundation’s fundraising gala into an account that does not belong to the foundation. One Economy Foundation executive director Pauline Kahupi says this in a media statement released on Tuesday. “The payment was made in response to a fraudulent […] The post One Economy foundation warns of scam appeared first on The Namibian .
The Livestock Producers Organisation (LPO) has processed applications from more than 300 farmers interested in joining the proposed sheep producer company in Namibia. “The response from the producers has been encouraging, with 311 applications already processed and further interest continuing to come in,” says the LPO, an affiliate of the Namibia Agriculture Union, which mainly […] The post Sheep farmers seek producer-owned company shares appeared first on The Namibian .
The United States is looking to expand trade and investment ties with Namibia, with US assistant secretary of state for African affairs Frank Garcia Jr expressing interest in strengthening economic relations between the two countries. Garcia made the remarks during a courtesy call on Tuesday to president Netumbo Nandi-Ndaitwah on the margins of the 81st […] The post US seeks deeper trade ties with Namibia appeared first on The Namibian .
Navachab Gold Mine has delivered more than 300kg of gold to the Bank of Namibia (BON) since signing a gold purchase agreement in March, and expects total deliveries to reach about 600kg by the end of the year. Navachab managing director George Botshiwe says the mine will continue supplying gold to the central bank during […] The post Navachab delivers over 300kg gold to central bank appeared first on The Namibian .
Remarks by H.E. Dr. Netumbo Nandi-Ndaitwah, President of the Republic of Namibia New York City, 21 September 2026. Ms. Kendra Gaither, President of the U.S.-Africa Business Center; Ladies and Gentlemen, Good morning. New York is a city that stays with you. Each visit brings back memories of earlier journeys, important conversations and the unmistakable energy […] The post President Nandi-Ndaitwah Highlights Namibia-U.S. Investment Opportunities appeared first on The Namibian .
President Netumbo Nandi-Ndaitwah has called for greater investment in Africa’s water sector, saying political commitments must translate into bankable projects and tangible results. Nandi-Ndaitwah made the call on Tuesday in New York while co-chairing the international high-level panel on water investments for Africa and global cooperation ahead of the 2026 United Nations Water Conference. “We […] The post Nandi-Ndaitwah calls for more investment in water appeared first on The Namibian .
Informal traders in some major towns are operating without basic sanitation, secure storage and adequate trading space, with some forced to pay to use toilets while others resort to using bushes. This is among the findings of the parliamentary standing committee on economy and industry, public administration and planning report, following oversight visits to informal […] The post Traders forced to pay or use bushes appeared first on The Namibian .
Two years ago, you could buy a tin of fish, 750ml of oil and a kilo of fresh tomatoes for less than N$100. Today, you will need N$120 to buy the same products. This is because between inflation has continued to rise over the past three years. The latest figures, released by the Namibia Statistics […] The post Price increases hit two-year peak appeared first on The Namibian .
The tax treatment of interest earned from a unit trust depends on who receives the income and where the interest originates. Individuals and trusts For Namibian individuals and trusts, local interest earned through a unit trust is generally subject to 10% withholding tax under the Namibian Income Tax Act. The unit trust manager deducts the […] The post Unit trusts: How unit trust interest is taxed in Namibia appeared first on The Namibian .
Namibian shares ended slightly higher on yesterday, with the NSX Local Index gaining 0.02% to 858 points. The broader NSX Overall Index also rose 0.05% to2 364 points. Banking and beverage shares provided most of the support. FirstRand Namibia rose 0.04% to N$56.09, while Namibia Breweries gained 0.03% to N$32.25. Trading was concentrated in SBN […] The post Market report: Local shares edge higher appeared first on The Namibian .
Capricorn Group’s share price rose by nearly 30% during the year ended 30 June 2026, lifting the financial services group’s market capitalisation by about N$4 billion despite a decline in annual profit. The group’s share price on the Namibian Securities (NSX) Exchange increased from N$21.64 at the end of June 2025 to N$28.12 by 30 […] The post Capricorn share price rises 30% despite profit decline appeared first on The Namibian .
President Netumbo Nandi-Ndaitwah is expected to focus on peace and security, investment, energy, critical minerals and climate resilience at the 81st session of the United Nations General Assembly in New York next week. The president will depart from Namibia on Friday and deliver Namibia’s national statement during the general debate of the UN General Assembly […] The post Nandi-Ndaitwah to focus on investment and energy at UN assembly appeared first on The Namibian .
Striking workers at snack company Howard House Manufacturing and security faced off on Monday over the removal of workers from the premises. Employees, represented by the Namibian Revolutionary Transport and Manufacturing Union (Naretu), resolved to go on strike on Friday after months of failed wage negotiations. The company initiated a lock-out on Friday, and allowed […] The post Snack company says security necessary after strike incident appeared first on The Namibian .
The Nedbank For Good Series continued its successful nationwide journey with three competitive coastal rounds hosted at Rossmund Golf Course, Walvis Bay Golf Club and Henties Bay Golf and Lifestyle Estate, attracting strong participation and showcasing some of Namibia’s top amateur golfing talent. The coastal leg of the tournament delivered exciting competition across all divisions […] The post Nedbank for Good Series celebrates successful coastal leg appeared first on The Namibian .
Windhoek, 16 September 2026. Keynote address by Her Excellency Dr. Netumbo Nandi-Ndaitwah, President of the Republic of Namibia, at the Gala Dinner in Solidarity with the People of Cuba. Director of Ceremonies; Dr. Elijah Tjitunga Ngurare, Right Honourable Prime Minister; Hon. Dr. Saara Kuugongelwa-Amadhila, Speaker of the National Assembly; Hon. Lukas Muha, Chairperson of the […] The post Nandi-Ndaitwah Calls for Continued Solidarity with Cuba Amid Economic and Developmental Challenges appeared first on The Namibian .
Popular Democratic Movement (PDM) parliamentarian Winnie Moongo questions the government’s measures to protect consumers from high prices. The affordability of basic food came under scrutiny in the National Assembly on Wednesday, with Moongo set to ask international relations and trade minister Selma Ashipala-Musavyi on Thursday what strategies are in place to prevent Namibians from being […] The post Moongo probes Govt over high food prices appeared first on The Namibian .
A businessman accused of raping a journalist at Oshakati in June was granted N$5 000 bail in the Oshakati Magistrate’s Court last Thursday on condition that he does not contact the complainant or interefere with the investigation. Gabes Nambahu (51) is accused of raping a journalist after he allegedly invited her over for a drink […] The post Oshakati businessman gets bail on rape charge appeared first on The Namibian .
Landless People’s Movement chief whip Dawid Eigub is seeking answers from the government over delays in Namibia’s emerging oil and gas sector, particularly the conclusion of the final investment decision (FID). Eigub has questioned industries, mines and energy minister Modestus Amutse about whether delays in contract negotiations and the planned transfer of petroleum affairs to […] The post LPM probes delays in oil sector investment appeared first on The Namibian .
South African cattle judge PJ Budler says good genetics alone will not make a cattle farm profitable. He says farmers must also manage their herds, finances, grazing and markets. “You can have great genetics managed badly, and it’s going to be an unprofitable venture,” Budler said during Schumacher Bonsmaras Farmers Day at Seeis on Saturday. […] The post ‘Good genes do not guarantee profits’ appeared first on The Namibian .
Omunailonga wehangano loikwamina ledina Uis Tin Mining Company, Fillemon Mwashidange, okwa xulifa manga a li moilonga Omaandaxa. Ehangano ola koleka efyo laMwashidange momukanda wa shangelwa ovanailonga novayandji voilonga Omaandaxa. Omunambelewa akula mehangano eli Dan Hattingh okwa ti ehangano ola nyematekwa kefyo eli notali yandje omahekeleko kofamili yaMwashidange, ookaume novanailonga pamwe naye. “Otwa nyematekwa nai kedjepo […] The post Omunailonga komina koUis a xulifila moilonga appeared first on The Namibian .
Oilyo yopaliamente ya yooloka oya anya elombwelo lapresidente tali pula ovanapolitika novanambelewa vakula vepangelo va tameke okulongifa oipangelo yepangelo. Omulandu woundjolowele wopashiwana, wa ya moilonga mulotete laApiilili, otau pula ovanambelewa vakula vepangelo va tameke okulongifa oipangelo yepangelo ponhele yokuya koipangelo yopaumwene. Presidente Netumbo Nandi-Ndaitwah elombwelo eli okwe li yandja momwedi omo tuu omo opo a […] The post Oilyo yopaliamente imwe ya anya okulongifa oipangelo yepangelo appeared first on The Namibian .
The Karibib lithium project has been sold to UK based African Critical Elements Ltd (ACE) after lying dormant for years. The project owns the Rubikon and Helikon mines, which have produced lithium since the 1950s. It is currently owned by Lepidico Canada through a Namibian subsidiary. The Namibian Competition Commission (NaCC) said on Thursday that […] The post Karibib lithium project sold to British company appeared first on The Namibian .
Tulimelila Shityuwete omonakandona womukondjeli manguluko Helao Shityuwete, okwa londwela kutya emanguluko loshilongo inali talika ko la fa ngeno exulilo loilonga, ta popi kombinga yokuhena oilonga noluhepo moshilongo. Eshi kwa li ta popi poshivilo xupulifo shaShityuwete Olomakaya, okwa ti omumbwe yoilonga noluhepo moshilongo otali holola kutya emanguluko lopapolitika natango inali lundululilwa memanguluko lopaliko lOvanamibia aveshe. “Itatu […] The post Emanguluko kali fi exulilo loilonga – Tulimelila Shityuwete appeared first on The Namibian .
The Special Investigating Unit’s probe into multimillion-rand North West transport contracts has put further scrutiny on ANC-linked businessman Suliman Carrim, whose business interests have already come under intense examination before the Madlanga Commission. Suliman Carrim, a businessman with known ANC ties, will now face criminal charges after he repeatedly failed to appear before the Madlanga […] The post SIU probe adds fresh scrutiny to ANC-linked businessman Carrim appeared first on The Namibian .
International oil trader Vitol has demanded additional compensation from the government for the fuel it has brought into Namibia. The company has been awarded the sole right to supply fuel to the country for three months. After Vitol sold less fuel than expected, it requested compensation from Namibia. Responding to questions from The Namibian on […] The post Trader to supply fuel for October after demanding additional compensation from Govt appeared first on The Namibian .
Firstrand Namibia reported a N$2.15-billion net profit for the year ended in June, boosted by corporate lending and reduced bad-debt provisions. The group, which owns FNB Namibia and RMB Namibia, increased its profit from N$1.91 billion in the previous financial year. Profit before tax rose by 12.7% to N$3.01 billion, while the group’s return on […] The post FirstRand Namibia corporate lending powers N$2.15bn profit appeared first on The Namibian .
Windhoek Gymnasium and St Paul’s College shared the spoils with one trophy each at the Namibian schools hockey finals on Friday night. The two schools contested both the u19 boys and girls finals, with St Paul’s comfortably winning the girls final 6-1, while Windhoek Gymnasium produced a stunning comeback to win the boys final 4-2. […] The post Windhoek Gymnasium, St Paul’s share the spoils appeared first on The Namibian .
For Ndaikech Ali, who has been traversing the streets of the Kenyan capital eking out a living as a tuk-tuk driver for the past nine years, Nairobi’s traffic – not xenophobia – has been his biggest concern. During his time in theEast African nation, the Burundian says he has always found Kenyans to be friendly […] The post ‘It’s like a dog set loose on us’ – fear over Kenya’s crackdown on foreign traders appeared first on The Namibian .
Championship leader Kimi Antonelli made the most of a slice of luck to claim his eighth win of the season in meticulous style as he steered his Mercedes to a measured victory in the Spanish Grand Prix at the Madring on Sunday. The 20-year-old Italian extended his lead to 81 points after coming home 4.351 […] The post Antonelli profits from safety car pause to win Spanish GP appeared first on The Namibian .
The Ministry of Environment, Forestry and Tourism says Namibia is still to develop a national policy on a circular economy. Ministry spokesperson Vilho Hangula says efforts to develop a national policy on a circular economy are still in the initial stage, but a consultant has been appointed to drive the process. The ministry says the […] The post Namibia yet to develop circular economy policy appeared first on The Namibian .
Namibia is trading billions of dollars with Africa, but much of that trade is still flowing through old regional arrangements and not the African Continental Free Trade Area (AfCFTA). The latest trade statistics from the Namibia Statistics Agency (NSA) shows that Namibia exported N$6.2 billion worth of goods to the rest of Africa in July, […] The post Namibia’s AfCFTA trade footprint insignificant appeared first on The Namibian .
Onandjokwe medical doctor Dennis Noa on Wednesday told the Ondangwa Magistrate’s Court that the man (26) accusing him of rape wanted him to invest in his taxi business. Noa, who is applying for bail, said he had a disagreement over money with the complainant after he (the complainant) allegedly asked him for N$35 000. According […] The post Complainant wanted me to invest in his taxi business – Noa appeared first on The Namibian .
As the UK unveiled sanctions against Israeli settlements in the occupied West Bank on Tuesday, Israel responded with fury, declaring it would shutter Britain’s diplomatic mission to the Palestinians, kick out UK military staff from an international coordination base near Gaza and ban nearly a dozen left-wing British members of parliament from entering Israel. It […] The post Muted US response to UK’s West Bank sanctions may reflect simmering frustration appeared first on The Namibian .
City of Windhoek employees will have access to financial education and a range of banking services under a new agreement between the municipality and FNB Namibia. The Workplace Banking Staffing Solutions Strategic Partnership, signed on Friday, includes financial literacy programmes, preferential home loan rates, personal loans, vehicle and asset finance, as well as debt consolidation […] The post City workers get FNB banking deal appeared first on The Namibian .
Businessman Joshua Haimbodi says his company had submitted the lowest bid at N$3 million for alterations and additions to the Oshakati presidential guest house. According to Haimbodi, the highest quotation was N$5.7 million, while his Emirates Trading CC submitted the lowest bid at N$3 million. The Namibian reported last week that Emirates Trading CC, a […] The post Swapo-linked businessman defends presidential guest house tender appeared first on The Namibian .
Bank Windhoek says its new 13-storey headquarters, Capricorn-on-Main, has received compliance certification and is expected to become operational in September. It marks a milestone in the renewal of Windhoek’s Central Business District (CBD), the bank notes in a media statement issued on Tuesday. “The building, located at the corner of Independence Avenue and Kasino Street, […] The post New headquarters marks milestone in CBD renewal – Bank Windhoek appeared first on The Namibian .
A Judge of the Windhoek High Court has ordered Namibia’s immigration authorities to release seven employees of a diamond-cutting company who were detained as alleged prohibited immigrants last week. Acting judge Michael Mtambo ordered the minister of home affairs, immigration, safety and security, the chief of immigration and the station commander of Windhoek Central Police […] The post Court orders release of detained diamond company employees appeared first on The Namibian .
Matias Simon and Tuuli Angala won the elite categories at Sunday’s Nedbank Citi Dash in Windhoek, leading a strong field of dedicated capital runners. Simon won the elite men’s category in 29 minutes and 40 seconds, attributing the result to his preparation and saying his body had “responded well” during the race. Afterwards, he encouraged […] The post Simon wins Nedbank Citi Dash showdown appeared first on The Namibian .
The Namibia Securities Exchange (NSX) is preparing to change the ownership of the country’s main stock exchange after members voted to turn it into a company with share capital last week. For decades, the NSX operated as a private association of rights holders, where only those who traded on the exchange had a say in […] The post NSX moves towards public company structure appeared first on The Namibian .
Every few months, a familiar ritual plays out in Namibia. A hall is booked, banners go up in national colours and speeches praise small businesses as the backbone of the economy. Certificates are handed out, photographs are taken, and everyone goes home feeling something has moved. The honest question is: what happens to that entrepreneur […] The post Are We Building an Economy or Organising It? appeared first on The Namibian .
The sixth Nedbank Citi Dash brought competitive athletes and recreational runners together in Windhoek on Sunday, 6 September 2026, for a morning of road running through the capital. Starting and finishing at Windhoek High School’s Vegkop Stadium, the event featured a 10km elite run, followed by 10km and 5km fun runs. The format gave experienced […] The post Nedbank Citi Dash brings runners to the streets of Windhoek appeared first on The Namibian .
Erongo governor Nathalia |Goagoses has called on businesses selling tobacco products to find other ways of generating income instead of relying on tobacco sales. She made the call on Monday at the national public consultation on proposed amendments to the Tobacco Products Control Act No 1 of 2010 at Swakopmund. The governor said stronger laws […] The post Erongo governor urges businesses to stop selling to tobacco appeared first on The Namibian .
Prime minister Elijah Ngurare has warned local authorities against relying on municipal tariffs and government transfers to finance development. He urges them to find innovative ways to generate revenue. In a speech delivered on his behalf by the office’s executive director Petrus Sindumba at the launch of the Rundu Town Council Commercial Services (RTCCS) company, […] The post PM warns local authorities against relying on tariffs appeared first on The Namibian .
China is pumping tens of billions of dollars into eight state-owned banks and insurance companies to help shore up the country’s financial system and boost its slowing economy. The cash injection, which is being led by China’s finance ministry, will total 360 billion yuan ($53.6bn; £39.7bn), state news agency Xinhua said on Sunday. The outlet […] The post China to pump $54bn into state banks and insurers to boost economy appeared first on The Namibian .
The Rundu Town Council (RTC) has launched a commercial subsidiary, Rundu Town Council Commercial Services (Pty) Ltd, to generate additional income and reduce pressure on the council’s finances. The company was launched during the fourth Rundu Mayoral Business Forum held at the town on Friday. Speaking at the launch, RTC’s strategic executive for Community Services, […] The post Rundu launches commercial company to boost revenue appeared first on The Namibian .
Namibia’s cattle market is showing signs of recovery in 2026, with more cattle being sold through local slaughtering and live export than during the same period last year. Monthly marketing volumes have been higher than in 2025 in almost every month so far, with the strongest increases recorded in March and July, when volumes were […] The post Namibia in Numbers: Namibia’s cattle market shows signs of recovery appeared first on The Namibian .
The newly launched Rundu Town Council Commercial Services (RTCCS) should not be driven by profit at the expense of the people it is meant to serve, prime minister Elijah Ngurare says. In a speech delivered on his behalf by the office’s executive director, Petrus Sindimba, at the launch at Rundu on Friday, Ngurare said the […] The post Profit should not come before public service – Ngurare appeared first on The Namibian .