insert_link Business / Economics Regional Price Differences Revealed in October Inflation Report The October 2024 NSA inflation report shows regional disparities in prices across the country. Khomas recorded the highest inflation rate at 4.2%, while regions like Kavango and Otjozondjupa saw lower rates of 2.3%. Petrol prices also varied slightly, with Khomas residents paying the highest at N$20.93 per litre. The report underscores that core inflation, excluding volatile items, stood at 4.0%, providing a more stable view of economic conditions. todayNovember 8, 2024 12
insert_link Business / Economics Windhoek High-level conference aims to boost Namibia-EU trade A high-level conference in Windhoek is focused on boosting trade between Namibia and the EU through sustainable practices and regulatory alignment. Key discussions include EU regulations on carbon reduction, corporate sustainability, and environmental protection, with strategies for Namibian compliance. Michael Humavindu the executive director at the National Planning Commission. todayNovember 8, 2024 34
insert_link Business / Economics Festive Season Sees Spike in Domestic Tourism Bookings, Says NWR Namibia Wildlife Resorts has noted a significant increase in domestic tourism bookings for the 2024 festive season, highlighting a rising interest among Namibians to explore local destinations. Data from NWR shows that Namibian travelers topped the bookings for both December 2024 and January 2025. NWR’s, Nelson Ashipala. todayNovember 8, 2024 32
insert_link Business / Economics FNB launches real-time cross-border payments FNB has teamed with BankservAfrica to offer near real-time cross-border payments within the Common Monetary Area, covering Namibia, South Africa, Lesotho, and Eswatini. FNB clients can now transfer up to N$ 25 thousand instantly, 24 hours per day, across borders with enhanced security and lower costs. The move aligns with regulatory compliance under Namibia’s grey-listing status. todayNovember 7, 2024 112
insert_link Business / Economics PSG to launch ‘Best Bank Award’ PSG Wealth Namibia will release its Annual PSG Banking Review Report on Thursday, 14 November 2024. It will also present an award for the Best Bank in Namibia. PSG analyst Anja Steyn explains the criteria for selecting the winning bank. todayNovember 7, 2024 36
insert_link Africa Namibian truck torched amid Mozambique post-election violence Post-election unrest in Mozambique has closed the Maputo port, a chrome export hub, and led to deadly clashes in several cities. The Namibian Revolutionary Transport Union reported that a Namibian truck was set on fire, urging a swift resolution to protect truck drivers facing serious risks. The union’s Secretary General, Petersen Kambinda. todayNovember 7, 2024 33
insert_link Business / Economics Khomas region sees highest inflation at 4.2% The Namibia Statistics Agency has reported that the headline inflation for October was 3%. Among the zonal inflation rates, Zone 2 (Khomas region) recorded the highest at 4.2%. Spokesperson Mirjam Shihepo has more. todayNovember 7, 2024 21
insert_link Business / Economics 7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […] todayNovember 7, 2024 9
insert_link Business / Economics Strengthening Of Namibia-EU Trade At High-Level Conference in Windhoek A high-level conference focused on enhancing trade relations between Namibia and the European Union through sustainability and regulatory alignment will be held in Windhoek on November 7 and 8 at Droombos. The two-day event will address EU regulations impacting Namibian exports, with key discussions on carbon reduction, corporate sustainability, and environmental protection to enhance market access for Namibian goods in Europe. todayNovember 6, 2024 22