Business / Economics Archives - Page 15 of 184

BIPA Begins Mass Deregistration of Companies

The Business and Intellectual Property Authority has confirmed that starting today, 1 000 companies will be de-registered. A total of 137 thousand companies are targeted, with at least 1 000 or more expected to be removed from the registry each month, according to NewsOnOne’s Hertha Ekandjo.

29 August, 2025

Business / Economics

Swakopmund Hosts Global Policy Forum on Inclusive Finance

Over 700 policymakers, regulators, and partners are set to convene in Swakopmund for the this year's Global Policy Forum, co-hosted by the Bank of Namibia. The four-day summit will focus on promoting inclusive finance across the region. Anielle Von Finckenstein, head of FNB Fiduciary at FirstRand Group Namibia:

29 August, 2025

Business / Economics

Finance Ministry Explores Innovative Approaches to Social Welfare

The Ministry of Finance is exploring new ways to support vulnerable households beyond traditional cash grants, Finance Executive Director Dr. Michael Humavindu has revealed. The social welfare program currently supports pensioners, children, foster families, people with disabilities, and poorer households through grants, including a $690 per month conditional basic income grant. However, a recent reclassification by the World Bank showed that the poverty rate has risen from 18% to 22% […]

28 August, 2025

Business / Economics

Government to hold regional outreach on upstream local content policy

Starting 1 September , the Petroleum Upstream Unit will engage stakeholders on the draft National Upstream Local Content Policy. Carlo McLeod, Presidential Special Advisor, says the program aims to guarantee that local citizens benefit from the oil and gas sector.

28 August, 2025

Business / Economics

Youth lag in tapping N$257 million fund, warns Sheehama

Youth Participation, National Youth Fund, Youth Empowerment, Entrepreneurship, Job Creation, Economic Growth, Business Skills, Mentorship, Youth Engagement, Startups, Financial Literacy, Business Planning, Young Entrepreneurs, Collateral-Free Loan, Youth Opportunities, Skill Development, Innovation, Youth Challenges, Civic Engagement, Future Leaders

27 August, 2025

Business / Economics

Interview: Expert warns youth are missing out on N$257 million National Youth Fund

Leonard Witbeen | August 27, 2025 Business and economics expert Josef Sheehama has raised concerns over the low participation of youth in the newly approved National Youth Fund, which has been allocated N$257 million for 2025-2026. The fund is designed to empower young entrepreneurs, reduce unemployment, and contribute to broader economic growth. He highlighted that only 187 youth have attempted to apply so far, with many struggling to prepare viable […]

27 August, 2025

Business / Economics

BoN Sees Slower Growth, Launches Data Hub

The Bank of Namibia projects 3.5% GDP growth this year due to weaker manufacturing and US tariffs on diamonds. Governor Johannes !Gawaxab said gold will be accumulated to strengthen reserves, while Acting Deputy Director Naufiku Hamunime highlighted the launch of the Data Sphere platform for public access to key economic data.

21 August, 2025

Business / Economics

Nekundi Warns Against Import Preference.

Works and Transport Minister Veikko Nekundi has reinforced the call for ministries to support local procurement, warning against purchasing foreign goods over domestic alternatives. He emphasised that supporting local producers drives job creation, empowerment, and economic growth.

21 August, 2025

Business / Economics

Procurement Board Chair Warns of Inefficiencies in Public Projects

Mary Shiimi, Chairperson of the Central Procurement Board, has voiced concern over persistent challenges affecting public projects. She cautioned that inefficiencies are undermining service delivery and leading to waste of public resources, Hertha Ekandjo reports for NewsOnOne.

20 August, 2025