Business / Economics

Namibia Hosts First-Ever Commonwealth Trade Meetings Outside UK

Namibia is making history by hosting the 2025 Commonwealth Business Summit and Trade Ministers Meeting — the first time these events take place outside London. This unprecedented move brings key global trade leaders to Windhoek. On the margins of the event, NIPDB CEO Nangula Uaandja shared her insights in an exclusive interview with Future Media News. The Conference ends on Friday.

19 June, 2025 2

Business / Economics

NAMFISA CEO Raises Alarm Over Low AGM Turnout

Financial Institutions Supervisory Authority CEO Kenneth Matomola has urged members of medical aid funds to take Annual General Meetings more seriously, citing consistently low attendance. He emphasized that AGMs are essential governance platforms for influencing how members’ contributions are managed, especially amid rising healthcare costs. Victoria Raimond is the Manager for Corporate Communications and Consumer Education at NAMFISA.

18 June, 2025 19

Business / Economics

BoN Set to Announce Rate Decision Today.

The Bank of Namibia is expected to reveal its latest repo rate decision today, with the current rate standing at 6.75%. While South Africa recently lowered its repo rate to 7.25%, narrowing the interest rate gap between the two countries, experts have emphasized the importance of maintaining the dollar peg. Economist Robert McGregor from CIRRIUS Capital shared his outlook on the upcoming decision.

18 June, 2025 8

Africa

Israel-Iran conflict sends economic shockwaves through Southern Africa

The spiraling conflict between Israel and Iran is beginning to hit closer to home, with economic and political tremors now being felt across Southern Africa and the continent at large. On Friday, South Africa’s currency took a notable knock, with the rand weakening by 1.6% to R18.04 to the US dollar, as jittery investors scrambled for safer assets amid rising global uncertainty. Government bond yields followed suit, with 2035 bonds […]

13 June, 2025 22

Business / Economics

Inflation slows to 3.5% in May 2025, NSA

Annual inflation rate slowed to 3.5% in May 2025, down from 4.9% recorded during the same month last year. The latest data released by the Namibia Statistics Agency (NSA) points to a cooling of price pressures across several consumer categories, offering some relief to households and businesses alike. However, regional disparities remain a concern. According to the NSA, Zone 3 — which includes the //Kharas, Erongo, Hardap, and Omaheke regions […]

12 June, 2025 13

Business / Economics

Young South Africans navigate financial pressure with savvy choices – Standard Bank youth barometer

South Africa’s youth are feeling the financial pinch, but they’re not taking it lying down. The inaugural Standard Bank Youth Barometer reveals that while young adults aged 18 to 35 are under mounting financial pressure, they are also making financially astute decisions in response to economic constraints. The report, which offers a detailed snapshot of financial behaviours and trends among South Africa’s younger generation, highlights a growing pattern of […]

12 June, 2025 10

Africa

African credit rating agency to launch in September

Africa is moving toward greater financial autonomy with the establishment of the Africa Credit Rating Agency (AfCRA), backed by the African Union (AU) and supported by the African Peer Review Mechanism. Officials have confirmed the agency will begin operations by September 2025, offering assessments tailored to African economies, providing a more equitable alternative to Western-dominated firms like Fitch, Moody’s, and S&P African governments have long criticised global agencies for perceived […]

11 June, 2025 6

Business / Economics

South Africa’s manufacturing output falls sharply in April

SA manufacturing output drops. Photo: Reuters Statistics South Africa has reported that manufacturing production in April 2025 dropped by 6.3% year-on-year, marking the sector’s sixth consecutive monthly decline and its steepest fall since March 2024. According to Reuters, while production improved on a month-to-month basis—rising 1.9% from March—it failed to offset the significant annual contraction The downturn in April was broad-based. The food and beverages sector led the drop with […]

11 June, 2025 12

Africa

Namibia to assume AfDB alternate executive director role in 2025

Namibia will take up the role of Alternate Executive Director for the Southern Africa Group II Constituency at the African Development Bank (AfDB) starting 1 August 2025. Finance Minister Ericah Shafudah says this appointment strengthens the country's role in AfDB governance and will involve coordination with Angola, Mozambique, and Zimbabwe. Minister of Finance and Public Enterprises, Erica Shafudah Photo: X Furthermore, this position involves participating in strategic decision-making to promote […]

11 June, 2025 8