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Trade between Namibia and Zambia grew by 48% in 2024, driven by the increased use of the Walvis Bay-Ndola-Lubumbashi Development Corridor (WBNLDC) for exports and imports. This was announced by Haindongo Siyave, Namibia’s high commissioner to Zambia, during an information-sharing…
Matthew Dlamini
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Paratus Namibia Holdings continues its aggressive expansion, driving strong revenue growth but facing profitability challenges due to rising costs and investment-heavy strategies. The company realised N$327.3 million in revenue in an aggressive expansion strategy that delivered a 16.4% year-on-year (y/y)…
Matthew Dlamini
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The Namibia Agricultural Union (NAU) is strongly opposing the Namibia Power Corporation (NamPower)’s request for a 17.44% increase in bulk electricity tariffs for the 2025/26 year, saying it will put unnecessary strain on its members. According to the union’s latest…
Matthew Dlamini
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The Bank of Namibia (BoN) has issued the new N$60 commemorative banknote into circulation on Monday with a ceremony at the Khomasdal Grove Mall in Windhoek. The special edition banknote which honours the legacy of president Hage Geingob, celebrates his…
Matthew Dlamini
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The European Union (EU) and German government launched a €12-million (N$230 million) initiative to enhance governance and cross-border cooperation for the sustainable management of the Benguela Current Large Marine Ecosystem at Swakopmund on Wednesday. According to a statement issued yesterday…
Matthew Dlamini
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Farmers unions have welcomed the government’s deadline extension for submitting livestock subsidy claims. The executive director in the Ministry of Agriculture, Water and Land Reform, Ndiyakupi Nghituwamata, has announced that the deadline for submission of the claims had been extended…
Matthew Dlamini
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The Ministry of Environment, Forestry and Tourism is engaging stakeholders to gather input for the green listing of Nkasa Rupara National Park in the Zambezi region. According to a recent notice issued by the ministry’s executive director, Theofilus Nghitila, the…
Matthew Dlamini
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The Namibia Power Corporation (NamPower) has poured about N$37 million into five rural electrification projects in the Hardap region. This was said by the power utility’s managing director, Simson Haulofu, during the inauguration of the Maltahöhe informal settlement extension one,…
Matthew Dlamini
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Canadian mineral exploration company Great Quest Gold has intensified exploration work at its Omatjete Project where it recently identified a gold mineralised system. Giving an update on work at the project, company chief executive and executive chairman Jed Richardson in…
Matthew Dlamini
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Investing in Namibia’s trade infrastructure and quality standards paves the way for increased export-led growth, industrialisation and job creation. This was said by the minister of industrialisation and trade, Lucia Iipumbu, at the handing over of new laboratory equipment to…
Matthew Dlamini
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Residents of the Khomas region (zone 2) paid the highest price of N$34.32 for a 750ml bottle of pure sunflower cooking oil during the month of February, as the zone recorded the highest year-on-year (y/y) inflation rate of 3.7%. This…
Matthew Dlamini
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Oryx Properties Limited has made revenue of N$237.2 million on the back of good rentals for the six months ending in December. This is a 5.4% increase from N$225 million recorded in December 2023. Economic analysts Simonis Storm Securities say…
Matthew Dlamini
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