Business / Economics

Debmarine Namibia faces N$7.1 billion loss amid market challenges

(Video of Debmarine Namibia's Chief Executive officer, Willy Martens deliberating on the matter) By: Hertha Ekandjo Debmarine Namibia has recorded a loss of N$7.1 billion between 2023 and 2024. The company’s earnings before interest, tax, depreciation, and amortisation have fallen from N$6.76 billion in 2022, with market conditions alone stripping away N$2.3 billion in 2023 and another N$4.8 billion in 2024. This was revealed thy Debmarine`s Chief Executive Officer, Willy […]

March 17, 2025 228 2

Business / Economics

NamRA reports surge in transit value and growth

https://youtu.be/iuzbdvlJELE By: Hertha Ekandjo The Namibia Revenue Agency (NamRA) revealed that for February 2025 goods worth a staggering N$3.9 billion transited through the country in just one month, a reflection of both imports and exports. NamRA`s commissioner of Sam Shivute, emphasized the significance of the numbers, stating, “This is a huge amount of money, and when you consider it on a monthly basis, we are looking at an average […]

March 14, 2025 30

Business / Economics

NIPDB CEO says unsustainable unemployment a threat to peace

https://youtu.be/rvKjQW_wr2Y By: Selma Taapopi Namibia Investment Promotion and Development Board (NIPDB) Chief Executive Officer Nangula Uaandja said the incoming president Netumbo Nandi-Ndaitwah should address unemployment immediately after her inauguration. Uaandja said the recent unemployment statistics pose a threat to peace and stability. According to Namibia Statistic Agency (NSA), the overall unemployment is nearly 37 percent.“ We have seen with the recent statistics that were released by the Namibian Statistics […]

March 14, 2025 20

Business / Economics

Trans-Kalahari Border Post study reveals average clearance time of over five hours

By: Hertha Ekandjo A Time Release Study (TRS) Report for the Trans-Kalahari Border Post has found that the average time taken to clear imported goods in Namibia—from the moment a truck arrives at the Entry Gate to its exit at the Exit Gate is 5 hours and 31 minutes. The report which was officially launched on Thursday breaks down the clearance process into several stages. The findings of the study […]

March 13, 2025 59

Business / Economics

EU, Germany invest N$230 million in Blue Benguela Current action programme

By: Hertha Ekandjo The European Union (EU) and the German Federal Ministry for Economic Cooperation have committed N$230 million (€12 million) to implement the Blue Benguela Current Action programme, a regional initiative to strengthen ocean governance and sustainability in Southern Africa. The programme, officially launched on Wednesday, seeks to enhance cross-border cooperation for the sustainable management of the Benguela Current Large Marine Ecosystem (BCLME). The Deutsche Gesellschaft für Internationale Zusammenarbeit […]

March 13, 2025 50

Business / Economics

NamRA commissioner calls for improved trade facilitation in Africa

By: Hertha Ekandjo Namibia Revenue Agency (NamRA) Commissioner Sam Shivute has emphasized the urgent need for Africa to improve intra-continental trade by addressing inefficiencies in customs regulations and border processes. Shivute highlighted that Africa’s intra-circuit trade stands at a mere 20% to 25%, significantly lower than Europe’s 60% to 67%. The commissioner was speaking during the official launch of the Coordinated Border Management (CBM) National Strategy for Namibia […]

March 12, 2025 32

Business / Economics

NamRA recovers N$3.4 million through whistleblower reports

By: Hertha Ekandjo The Namibia Revenue Agency (NamRA) has recovered N$3.4 million through its whistleblowing hotline. Launched last year and independently managed by Deloitte Namibia, the NamRA whistleblowing hotline has become a crucial tool in enhancing transparency and accountability. Since its activation in May 2024, the hotline has received 60 reports addressing concerns such as fraud, corruption, tax evasion, alleged money laundering, drug smuggling, and other unethical behavior. According to […]

March 12, 2025 37

Business / Economics

NamRA commissioner calls for improved trade facilitation in Africa

By: Hertha Ekandjo Namibia Revenue Agency (NamRA) Commissioner Sam Shivute has emphasized the urgent need for Africa to improve intra-continental trade by addressing inefficiencies in customs regulations and border processes. Shivute highlighted that Africa’s intra-circuit trade stands at a mere 20% to 25%, significantly lower than Europe’s 60% to 67%. The commissioner was speaking during the official launch of the Coordinated Border Management (CBM) National Strategy for Namibia and the […]

March 12, 2025 23

Business / Economics

Interview: Josef Sheehama on Rent: A Call for Fairness and Stability in Namibia’s Property Market

In a recent statement, Business and Economics researcher Josef Sheehama discussed the potential impacts of a rent strike in Namibia, drawing comparisons to similar actions, such as the "blackout" protests in the U.S. against wealth inequality. Sheehama's analysis raises important concerns about the rising cost of housing in Namibia and stresses the need for fairness and stability in the property market. The Impact of a Rent Strike in Namibia's […]

March 10, 2025 21