insert_link Business / Economics Business Consultant Reacts to Launch of Youth Development Fund Prime Minister Elijah Ngurare unveiled the National Youth Development Fund in Windhoek, providing concessional loans to support youth entrepreneurship. Frans Koita, business consultant at DKL Africa Consultants CC, observed that most of the 42 pilot-phase beneficiaries are engaged in agricultural projects supported by DBN, Agribank, and the Environmental Investment Fund, which emphasize sustainable and general agriculture. today2 October, 2025
insert_link Business / Economics Volans-1X Well Yields New Hydrocarbon Find The Volans-1X well in the Orange Basin produced the National Petroleum Corporation’s third hydrocarbon discovery, uncovering 26 metres of rich gas-condensate reservoirs. The find, made alongside partners Rhino Resources, Azule Energy, and Korres Investments, follows earlier discoveries at Sagittarius-1X and Capricornus-1X, says Paulo Coelho, Manager of Marketing, Communications, and Public Relations at NamCOR. today2 October, 2025
insert_link Business / Economics Financial Sector Unites for Sustainable Finance The Namibia Sustainable Finance Alliance was launched by the Bank of Namibia and key financial stakeholders to strengthen sustainability, climate resilience, and knowledge exchange within the financial system, says Naufiku Hamunime, Acting Deputy Director: Corporate Communications and Sustainability. today2 October, 2025
insert_link Namibia Swartbooi Demands Fishrot Suspects’ Release Willem Snyman for NewsOnOne reports that LPM leader Bernadus Swartbooi is calling for the release of the Fishrot accused, claiming the state is holding them without evidence. At a Tuesday media briefing at LPM headquarters, Swartbooi described the trial as a failure of Namibia’s justice system and an attack on the rule of law. today1 October, 2025
insert_link Business / Economics NamPost Pilots Social Grant Payments. NamPost will start piloting social grant payments on 9 October at Okahandja and Omitara post offices, with mobile payouts at Groot Aub and Otjimbingwe. The test run comes ahead of a nationwide rollout from 13 October, following the finance ministry’s decision to appoint NamPost as the official grant payment provider, says NamPost’s Corporate Communications Officer: Joseph Teofelus. today1 October, 2025
insert_link Business / Economics Local Vehicle Sales Dip in August. Domestic Vehicle sales fell 3.7% in August to 1,261 units but remain 26.7% higher than last year. Dealerships dominate with 93% of year-to-date sales, while rental companies mainly support mid-to-premium brands, says Simonis Storm economist Almandro Jansen. today1 October, 2025
insert_link Health / Medical Katutura Hospital Gets Cutting-Edge Full-Body X-Ray Machine Katutura Intermediate Hospital has received a state-of-the-art full-body X-ray machine, the Lodox, which can scan the entire body in just 13 seconds. According to NewsOnOne's Selma Taapopi, the N$13 million machine was donated by the Motor Vehicle Accident Fund and is the first of its kind in local patient care, expected to enhance trauma assessment and clinical services. today30 September, 2025
insert_link Business / Economics Next-Generation Namibia Dollar Enters Circulation in Mariental Upgraded Namibia Dollar banknotes and a new coin series have been officially released by the Bank of Namibia at a ceremony in Mariental, Hardap Region. The currency was first unveiled by President Dr. Netumbo Nandi-Ndaitwah in July as part of the Bank’s 35th anniversary celebrations, highlighting “Our Currency, Our Heritage, Our Pride,” according to Acting Deputy Director of Corporate Communications and Sustainability Naufiku Hamunime. As of today, the upgraded banknotes […] today30 September, 2025
insert_link Business / Economics Microlending Sees Sharp Growth Reliance on microlenders continues to climb, the latest report from the Namibia Financial Institutions Supervisory Authority reveals. Term borrowers average nearly N$28,000 per month, while payday borrowers, who constitute 82 percent of the portfolio, borrow just under N$4,000. Total loans jumped 45 percent in 2024 to N$5.2 billion: NamFISA chief executive officer Kenneth Matomola. today30 September, 2025
