insert_link Business / Economics 2025 Mining Expo Opens with Record Participation The 2025 Mining Expo and Conference launches today, marking its largest edition yet. Exhibitors have increased from 168 to 196, and booth spaces have risen from 268 to 313. Visitor registrations hit a record 7,831, a 31.7% increase from 2023. The event focuses on promoting skills development and boosting interest in the mining sector, says Lauren Graham, Chief Economist at the Chamber of Mines. today5 August, 2025
insert_link Business / Economics Private Sector Credit Growth Accelerates to Pre-Pandemic Levels . Private sector credit grew by 5.7% year-on-year in June, up from 4.1% in May—the fastest pace since early 2020. Corporate credit surged 10.6%, fueled by strong activity in mining, energy, retail, and manufacturing sectors. Overdrafts jumped 17.4%, driven largely by real estate development and rising consumer demand, explained Simonis Storm economist Almandro Jansen. today5 August, 2025
insert_link Business / Economics BP strikes major oil & gas discovery in Brazil’s Santos Basin The vessel ‘Valaris DS-15’ that drilled the Bumerangue well. BP said it was too early to assess the quality of the reserves. Photo: by Valaris via Financial Times BP has announced a landmark oil and gas discovery at its Bumerangue prospect in Brazil’s Santos Basin on 4 August, marking its largest find in 25 years. The deepwater well penetrated a 500-meter hydrocarbon column in a high-quality pre-salt reservoir spanning […] today4 August, 2025
insert_link Business / Economics Maersk to end direct SA–U.S. shipping route in October Photo credit: Maersk Maersk will suspend its direct shipping service between South Africa and the United States starting in October, leaving South Africa with only one remaining direct route to the U.S. This move, according to News24, may disrupt exporters who depend on reliable, fast deliveries to American markets. The affected service, known as the American Express (Amex), was formerly operated through the 2M vessel-sharing alliance with MSC. As that […] today4 August, 2025
insert_link Business / Economics Bank Of Namibia Defends N$1 Coin Design Amid ‘Outere Dollar’ Talk The Bank of Namibia has addressed public concerns over the new N$1 coin, explaining that its design—showing two hands exchanging coins—was created to honour the country’s retail sector and highlight values like dignified trade, resilience, and economic inclusion. The Bank’s spokesperson, Kazembire Zemburuka, clarified that the nickname “Outere Dollar” (Khoekhoegowab for “give me”) was never part of the official intent. today4 August, 2025
insert_link Business / Economics August Fuel Prices Remain Unchanged, Ministry Confirms Fuel prices will stay unchanged throughout August, according to Anna Salkeus of the Ministry of Mines, Industry and Energy. While petrol saw a minor over-recovery and diesel a notable under-recovery, the National Energy Fund will offset the losses. This stability is attributed to a stronger Namibian dollar and reduced shipping costs. today4 August, 2025
insert_link Africa SACU revenue at risk as South Africa scrambles to renegotiate with U.S. Namibia is likely to feel the economic aftershocks of the 30% tariff imposed by the United States on South African goods, according to economist Dr. Omu Matundu, who says the move could contract South Africa’s export market and dent Namibia’s revenue from the regional customs pool. South Africa, Namibia’s largest trading partner and the continent’s most industrialised economy, has seen key sectors such as automotive and agriculture directly targeted by […] today1 August, 2025
insert_link Business / Economics Radio outages as Gross Herzog transmission tower fails Several radio stations have gone off air following a power failure at the Gross Herzog transmission tower, a key telecommunications hub located south of Windhoek. The tower, which stands 41.2 metres tall on the Gross Herzog Mountain, has been out of full operation since Monday. The outage is linked to a generator at the site running out of diesel fuel, leaving the structure without backup power. The tower, which has […] today31 July, 2025
insert_link Business / Economics SMEs, skills, and youth take centre stage at 15th Eenhana Expo The 15th Eenhana Annual Trade and Business Expo is currently underway in the Ohangwena Region. A new feature at this year’s event is a cooking training and competition designed to develop skills among small and medium enterprise (SME) owners. Ohangwena Governor Kadiva Hamutumua says the expo is focused on youth empowerment, entrepreneurship, sport, arts, and health. The event aims to give local businesses and young people a platform to showcase […] today30 July, 2025
