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.

1 October, 2025

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.

1 October, 2025

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 […]

30 September, 2025

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.

30 September, 2025

Business / Economics

Non-Bank Financial Sector Shows Resilience with $474 Billion in Assets.

The non-bank financial sector proved resilient in 2024, with total assets climbing 14.3% to $474.2 billion, NAMFISA CEO Kenneth Matumola reported. Overseeing 132 financial institutions and more than 14,700 intermediaries, the sector continues to underpin fiscal stability. Joanette Eises of NAMFISA:

26 September, 2025

Africa

Canal Plus takes control of MultiChoice

French media company Canal Plus has taken control of South Africa’s MultiChoice, creating a media group that will operate in nearly 70 countries. The companies announced in a joint statement that the combined group will employ 17,000 people and serve more than 40 million subscribers. Canal Plus said the deal strengthens its market presence across Africa, Europe, and Asia.

22 September, 2025

Business / Economics

Cleanergy to build ammonia pipeline at Walvis Bay by 2029

“What is missing is that pipeline that needs to be a link between the vessel and the plant where the green ammonia is exported.” Cleanergy Solutions will construct an ammonia pipeline and terminal at Walvis Bay to support green fuel exports. The project is scheduled for completion in 2029. Namport has allocated land for the development and is investing in supporting infrastructure. Cleanergy has committed €3 billion to scale up […]

22 September, 2025

Business / Economics

Headline inflation eases to 3.2% in August

Headline inflation in Namibia slowed to 3.2% year-on-year in August 2025, down from 3.5% in July and below market expectations of 3.5%. The slowdown was largely driven by softer food price pressures after improved regional rainfall boosted crop production. Food inflation fell from 6.1% in July to 5.2% in August, providing some relief for households. FNB economist Helena Mboti noted that this trend reflects a combination of improved harvests and […]

22 September, 2025

Africa

Namiba and Mozambique promote fair and responsible investment

President of the Republic of Namibia on the Occasion of the Seventh (7th) C-10 Summit to Commemorate the Twentieth (20th) Anniversary of the Ezulwini Consensus and the Sirte Declaration, 21 September 2025 New York (Photo: Namibian Presidency X) Speaking at the 41st Annual Awards Gala Dinner of the Africa America Institute (AAI), President Netumbo Nandi-Ndaitwah and Mozambican President Daniel Francisco Chapo discussed the importance of responsible investment in Africa. The […]

22 September, 2025