insert_link Business / Economics Expert Advises Strategies to Manage High Home Transfer Costs Business expert Josef Sheehama has highlighted the high costs involved in buying a home, citing lawyers’ fees, transfer duties, deed office charges, and NAMRA taxes as major contributors. He advised prospective homeowners to start saving early, use online tools to calculate costs, and explore bank incentives or negotiate fees to reduce financial strain. today6 October, 2025
insert_link Business / Economics Interview: Prime Minister Ngurare’s National Youth Fund Launch Draws Mixed Reactions from Entrepreneurs In response to the recent launch of the National Youth Development Fund by Prime Minister Elijah Ngurare in Windhoek, Frans Koita, business consultant at DKL Africa Consultants CC, shared insights on the allocation of funds to pilot-phase entrepreneurs. Koita highlighted that most of the 42 selected beneficiaries are involved in agricultural projects. “This is largely because the fund draws from three institutions: the Development Bank of Namibia (DBN), Agribank, […] today2 October, 2025
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 Business / Economics U.S. Government shutdown as funding bill fails (Photo: ABC News) The U.S. government has officially shut down as Congress failed to pass a last-minute funding bill, marking the first such closure in nearly seven years. Al Jazeera reports that senators rejected competing proposals, and the funding lapse took effect at 12:01 a.m. Wednesday. The shutdown has forced furloughs for an estimated 750,000 federal employees and threatens a daily economic loss of roughly US$400 million. Essential services, such […] today1 October, 2025
insert_link Business / Economics GDP growth slows to 1.6% in second quarter Photo: Adobe stock Namibia’s economy grew by 1.6 percent year-on-year in the second quarter of 2025, down from 2.8 percent in the first quarter and 3.3 percent in the same period of 2024, according to a new report by the First National Bank of Namibia (FNB). FNB economist Helena Mboti said the data indicates the strain on consumers.“Private consumption collapsed to negative 7.2 percent year-on-year in the second quarter of […] 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
