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Namibia is in the final stages of signing an agreement that will see the country gaining access to China’s grape market of 1.3 billion people. This is estimated to earn the country N$200 million seasonally from China’s market. Currently, the…
Shania Lazarus
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As at the end of 2024, cash loan businesses in the country were owed N$8.1 billion. This is according to the quarterly report of the Namibia Financial Institutions Supervisory Authority (Namfisa), which regulates the non-banking financial sector. The report says…
Shania Lazarus
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Master Southern Africa has officially launched the Core Namibia Norm, a psychometric benchmarking tool specifically designed for the Namibian workforce. The new tool is set to make hiring more fair and inclusive by changing the way employers assess cognitive abilities…
Shania Lazarus
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The government collected N$5.96 billion in royalties from mining companies last year. Minister of industries, mines and energy Natangwe Ithete, during the ministry’s annual retreat yesterday, said the ministry will continue to make sure the country gets its fair share…
Shania Lazarus
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In case a commercial bank fails, the Namibia Deposit Guarantee Fund now has N$30.3 million to compensate depositors who may have lost money through the closure of that bank. This was announced by Florette Nakusera, the head of the Namibia…
Shania Lazarus
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The Government Institution Pension Fund (GIPF) has decided to increase monthly pension payouts by 4% to match Namibia’s current inflation rate. According to GIPF CEO Martin Inkumbi, the pension benefit increase is effective from 1 April for all GIPF pensioners,…
Shania Lazarus
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The Namibia Grape Company has paid its first dividend of N$10 million to the National Youth Service (NYS). The NYS has said the money will be used to recruit more people and enhance agricultural projects. In a ceremony held yesterday,…
Shania Lazarus
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Windhoek residents are paying N$100.39 for a kilogram of beef stew, which is the cheapest in the country. This is according to the Namibia Statistics Agency’s December Consumer Price Index report, which was released yesterday. The report says residents in…
Shania Lazarus
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Non-banking financial institutions sector assets are now standing at N$474.1 billion as at the end of December 2024. The sector currently has 1 027 entities and 14 701 intermediaries comprising insurance companies, the medical aid industry, retirement funds, linked investment…
Shania Lazarus
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Namibia will be finalising value added tax legislation (VAT) on imported digital services in the 2025/26 financial year. This is one of the tax policies proposed by the minister of finance and social grants management, Ericah Shafudah, during the recent…
Shania Lazarus
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Namibia made N$11.9 billion from rough diamond exports last year, a continued pattern of decline in revenue from the sector. According to the Bank of Namibia’s annual report, this is a 32.9% decrease, primarily due to lower export volumes and…
Shania Lazarus
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The decision by the United States (US) to impose reciprocal tariffs on trading partner countries has been seen as undermining the African Growth and Opportunity Act (Agoa). This agreement allows sub-Saharan African countries preferential access to the US market with…
Shania Lazarus
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