Search in the website:
News / Page 3
Special Economic Zones Uncertainty Looms Over Diamond Sector
By: Nghiinomenwa-vali Hangala Beyond the turbulent global diamond markets, the Namibian diamond cutting and polishing industry is facing policy uncertainty, particularly in relation to transitioning from the current Export Processing Zone (EPZ) regime to the Special Economic Zone (SEZ) regime. This is according to the Namibia Diamond Trading Company (NDTC), which sells raw […]
Informal Economy Worth Around N$40 Billion
By: David Shoombe Despite challenges faced by street vendors, taxi drivers, salons, barber shops, domestic workers, and small online stores, the government and central bank consented that the Namibian economy cannot thrive without formalising the informal sector. Data from the country’s Ministry of Finance shows that the informal economy in 2023 was estimated […]
Non-Compliant Telecommunications Devices Not Welcome – CRAN
By: Nghiinomenwa-vali Erastus Devices such as mobile phones, routers, and modems imported into Namibia must meet domestic technical, safety, and performance standards, says the Communications Regulatory Authority of Namibia (CRAN). “This process helps to protect consumers, maintain reliable communication networks, and prevent the circulation of counterfeit or substandard devices,” CRAN mentioned in a statement last […]
24,169 Enterprises Registered in the Past 2 Years
By: Nghiinomenwa-vali Hangala Namibians and foreigners have registered/added 24,169 enterprises in the past two financial years (2023/24 -2024/25), intending to operate (produce services and goods) in Namibia, including non-profit organisations. This is according to the Business and Intellectual Property Authority (BIPA)’s annual report for 2024/25. The number of business registrations is an important indicator of […]
Call for Namibia to Shift from Non-Transformational Growth
By: Nghiinomenwa-vali Erastus The executive director of the Ministry of Finance has consented that Namibia needs to shift from economic growth for its own sake to growth that is linked to economic transformation, adding that the current government policies have paved the way for such a shift. Michael Humavindu stated this in his presentation at […]
Prosecute Financial Crimes to be De-Greylisted
By: Nghiinomenwa-vali Hangala Namibia’s chance to be delisted as a country susceptible to financial crimes – due to its fragile ability to detect and stop said crimes – hinges on proving that it can investigate and prosecute money laundering and terrorist financing cases. According to the update provided by the country’s financial watchdog, […]
Mixed Feelings About Oil & Gas Industry
By: Dwight Links Researchers from the Institute for Public Policy Research (IPPR) have captured stakeholders’ mixed sentiments towards the emerging oil and gas industry. The recent research findings regarding oil and gas have revealed a variety of issues concerning communities and affecting their optimism on the promise of economic growth set to flow […]
Omburu Battery Storage Received its Power Conversion System
By: Nghiinomenwa-vali Hangala Namibia’s first utility-scale battery storage project has received some of its eight (8) Power Conversion Systems (PCS), the country’s power utility updated last week. According to NamPower updates, the PCS containers will be used to convert Alternating Current (AC) electricity from the grid into Direct Current (DC) electricity to charge the batteries. […]
Rundu Water Crisis Deepens
By: Annakleta Haikera For the people of Rundu, the struggle for clean water has become a painful part of everyday life. In settlements such as Tumweneni, Tuhingireni, Sikanduko, Kaisosi, Suncity, and Ndama South/East, residents wake up before dawn with buckets and containers, hoping to collect a few litres of water from ponds or communal taps […]
Shafudah Juggles Budget Allocation to Avoid Fiscal Slippery Slope
By: Nghiinomenwa-vali Hangala The Treasury will be decreasing the budgetary allocation of low-performing projects to support the most urgent priorities. This is to avoid the national operational budget of FY2025/26 going beyond N$89.4 billion as initially planned, in turn avoiding fiscal slippage in a financial year faced with fiscal issues. The national […]