Business / Economics Archives - Page 29 of 184

Interview: Gabriel Erastus on the African Development Bank and Namibia’s Economic Future

As the African Development Bank (AfDB) faces changing dynamics in its funding sources, economist Gabriel Erastus offers insightful perspectives on how this shift could affect Namibia and the broader African continent. With the United States reducing its contributions to the AfDB, Erastus believes it’s time for African nations to step up and take greater ownership of the funding process, which could empower the continent to direct capital toward its own […]

12 May, 2025

Business / Economics

Alexforbes Namibia names new managing directors

Alexforbes House, Windhoek Alexforbes Namibia has announced leadership changes across its group of companies to strengthen its operational efficiency and its position as a leading investment destination. The information was disclosed in a media release dated 9 May 2025. According to the statement, the new appointments, which took effect on 1 April 2025, are part of an organisational restructure designed to deliver better outcomes for clients. These changes include the […]

10 May, 2025

Business / Economics

Court hears Namdia diamond heist case as investigations continue

Three individuals appeared in the Keetmanshoop Magistrate’s Court on Wednesday, facing charges under the Prevention of Organised Crime Act and the illicit trafficking of goods under the Diamond Act. The case, which has drawn significant public interest, was postponed to 7 August 2025 as police continue their investigation. The suspects were apprehended on Monday following coordinated police raids at their residences. The arrests are linked to diamonds stolen in […]

7 May, 2025

Business / Economics

Venus field development proceeds despite Marula-1X setback

The National Petroleum Corporation of Namibia Head Office Windhoek, Namibia — The National Petroleum Corporation of Namibia and its joint venture partners—TotalEnergies, QatarEnergy, and Impact Oil & Gas—are moving forward with the development of the Venus Field in Block 2913B (PEL 56), offshore Namibia. This decision comes despite the recent unsuccessful drilling of the Marula-1X exploration well. The Marula-1X well, located approximately 47 kilometers south of the Venus-1X discovery, […]

7 May, 2025

Business / Economics

International relations ministry hit by exchange rate pressures, budget strains

By: Hertha Ekandjo The Ministry of International Relations and Trade faced a series of financial challenges during the 2024/2025 fiscal year, largely driven by exchange rate fluctuations that affected the majority of its operational budget. According to minister, Selma Ashipala-Musavyi, who presented the ministry’s budget speech in Parliament last week, approximately 80% of the ministry’s operational budget was impacted by volatile currency movements. These fluctuations, she said pose a […]

7 May, 2025

Business / Economics

Business Leadership SA says only way forward is to reduce state expenditure

BLSA CEO Busisiwe Mavuso at a press conference As South Africa awaits Finance Minister Enoch Godongwana’s re-tabling of the national budget on 21 May 2025, Business Leadership South Africa (BLSA) has urged the government to make bold economic decisions that stimulate growth and enable sustainable public spending. According to eNCA, BLSA CEO Busisiwe Mavuso said the government must show “political courage” by making difficult and potentially unpopular spending cuts, particularly […]

6 May, 2025

Business / Economics

Ohlthaver & List Group achieves “Great Place to Work” certification for 2025/26

The Ohlthaver & List (O&L) Group has officially earned its certification as a Great Place to Work for 2025/26, a remarkable achievement that highlights the company’s core values of authenticity, care, and passion. The certification follows the completion of the annual Great Place to Work (GPTW) survey earlier this year, which saw an extraordinary 99% participation rate across the Group. O&L’s Trust Index score has reached an impressive 70%, marking […]

6 May, 2025

Business / Economics

NamRa employee suspended in tax refund scam, three arrested

The Namibian Revenue Agency (NamRa) has revealed a fraudulent scheme connected to its ongoing Mass Tax Refund Initiative, resulting in the unlawful payout of over N$666,000 in tax refunds. The fraudulent activity, which was uncovered between January and April of this year, has led to the suspension of one of NamRA's employees and the reversal of a secondment involving a Ministry of Finance official. Chief of Strategic Communications and Support […]

6 May, 2025

Business / Economics

INTERVIEW: Business Expert Josef Sheehama on Beef Exports: Seizing Namibia’s Growth Opportunity

Introduction: Namibia’s Unique Position in the Global Beef Market Namibia has long been a key player in the global beef export market, particularly to China, which has emerged as one of the largest importers of beef worldwide. Business expert and economist, Josef Sheehama, sees this as a significant opportunity for Namibia to further grow its beef exports and strengthen its position in the international market. The China Advantage: A Golden […]

6 May, 2025