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Only N$78.7 Million Claimed from N$365 Million GRN Electricity Subsidy
By: Uaueza Kanguatjivi The Electricity Control Board (ECB) has disbursed only N$78.7 million to electricity distribution license holders from the N$365 million allocated by the government last year. The allocation for the 2024/2025 financial year, effective from 1 July 2024 to 30 June 2025, was intended to provide much-needed relief to electricity consumers […]
Windhoek Beer Returns to Kenyan Markets
By: Dolly Menas The Namibia Breweries Limited (NBL) will once again expand into the Kenyan market, in a move aimed at broadening its market reach and growing its products on international markets. This marks the third attempt NBL has established the presence of its brand in the Kenyan market after making its […]
EV Charging Infrastructure Framework Set for April Implementation
By: Uaueza Kanguatjivi and Dolly Menas The Electricity Control Board (ECB) CEO, Robert Kahimise, has announced that the implementation plan for Namibia’s Electric Vehicles (EV) Charging Infrastructure Regulatory Framework will commence in April 2025. Kahimise stated that the framework establishes installation conditions, regulatory requirements, and pricing mechanisms for EV charging stations. The move […]
Farmers Lose 443 Cattle to Lumpy Skin Disease … 1,564 clinical cases reported as the disease spread to eight regions
By: Annakleta Haikera and Nghiinomenwa-vali Erastus Namibian Farmers have lost 443 cattle due to Lumpy Skin Disease (LSD) to date, the Directorate of Veterinary Services (DVS) has revealed. The disease, which was first reported in Otjozondjupa in June last year, has now spread to eight regions, undoing livestock farmers’ recovery from the prolonged […]
Nam Urged to Extend Visa-Exemption To Entrepreneurs
By: Dolly Menas, David Shoombe Local business analysts have urged the recently announced agreement for mutual visa exemption between Namibia and China to expand beyond diplomats. Currently, the agreement is only for diplomatic passport holders and service officials between the two countries. The move has been welcomed, considering the Asian country remains Namibia’s largest […]
Half a Million Individual Clients Have Bank Loans
By: Nghiinomenwa-vali Erastus Of the 706,275 economic participants who borrowed money from commercial banks by the end of last year, around 555,098 are individuals clients. Data analysed from the central bank, however, indicates that some of these individual clients are struggling to service N$3.7 billion of the loans extended to them by the […]
Govt Spending May Shift Due to Fishrot Legal Aid – Analyst Warns … experts say legal aid is a right for all
By: Justicia Shipena, Uaueza Kanguatjivi Government spending priorities could be impacted if legal aid is granted to the Fishrot accused, consumer analyst Salomo Iipinge has warned. He cautioned that using public funds to defend high-profile corruption suspects could set a precedent for similar cases in the future. Highlighting the economic implications, Iipinge […]
Oil Not Accounted for Economic Growth in 2025
By: Justicia Shipena Oil exploration will not contribute to Namibia’s economic growth this year, according to the Bank of Namibia (BoN). Central Governor Johannes !Gawaxab emphasised the uncertainty surrounding oil exploration, stating that while significant investments are being made, the associated risks remain high. “We have not accounted for oil exploration to […]
Entrepreneurs Call for Female Financial Inclusivity
By: Uaueza Kanguatjivi Female entrepreneurs are calling for systemic transformation to ensure that women and marginalised groups gain greater access to economic opportunities. Despite 79.8% of eligible women now being financially included, surpassing the 76.1% of men, investment opportunities remain largely untapped, particularly for women entrepreneurs. Business mentor Twapewa Kadhikwa emphasised the importance […]
Namibia Expected to Cut Repo Rate
By: Justicia Shipena The Bank of Namibia (BoN) is expected to cut the by 25 basis points on today, bringing it down to 6.75%, with the prime lending rate shifting to 10.5%. In its last meeting, the Monetary Policy Committee (MPC) unanimously decided to lower the policy rate by 25 basis points to […]