Business / Economics

Botswana enforces 24% local ownership rule in mining sector

The Karowe Diamond Mine in Botswana (Source: Lucara Diamond) Botswana has officially enforced a new regulation requiring mining companies to sell a 24% stake in new concessions to local investors if the government decides not to take the share itself, the Ministry of Minerals and Energy confirmed on Friday. The rule, which came into effect on 1 October, is part of amendments to the Mines and Minerals Act aimed at […]

13 October, 2025

Business / Economics

Trustco hits back at the Johannesburg Stock Exchange over a US$75 million mining deal

Trustco Group Holdings' office in Windhoek, Namibia Trustco Group Holdings has hit back at the Johannesburg Stock Exchange (JSE) following a public censure and financial penalty related to its USD 75 million investment in Meya Mining. The company says the transaction, announced in August 2022, had full shareholder backing, but was delayed by what it calls “regulatory interference” and “obstructive processes” by the JSE over more than two years. The […]

7 October, 2025

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.

6 October, 2025

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, […]

2 October, 2025

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.

2 October, 2025

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.

2 October, 2025

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.

2 October, 2025

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 […]

1 October, 2025

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 […]

1 October, 2025