Business / Economics

By: Hertha Ekandjo The Namibia Traffic Information System (NaTis) is set to move from traditional face-to-face bookings to an online booking system, according to Andrew Shafombabi, the Regional Manager for the Khomas region. Shafombabi confirmed that the idea has been in the works for some time and that the system has already been developed and tested, with only the implementation phase remaining. "We have already thought about the idea and […]

By Eric Mhunduru The newly appointed Namcor managing director, Victoria Sibeya, says the chance of finding oil-generating hydrocarbons in Namibia is between 15 and 20 per cent. She said this during a mines ministry vodcast hosted by the former executive director Penda Ithindi. Sibeya said if a company drills 10 wells, the chance of discovering oil could be from two wells out of that total. She further said that initial […]

By: Hertha Ekandjo Namibia’s trade deficit stood at a deficit of N$2 billion in February 2025, an improvement when compared to a deficit of N$2.7 billion and N$3.9 billion recorded in January 2025 and February 2024, respectively. The Namibia Statistics Agency reported that the breakdown of Namibia’s trade by partner indicates that South Africa was the country’s top trading partner for both export and import. Namibia International Merchandise Trade Statistics […]

NBL's profit rose by 101.4%, from N$3.39 billion to N$6.83 billion, for the 18 months ending 31 December 2024. The company attributes this growth was largely driven by the successful integration of the Distell portfolio and significant volume increases across all product categories. Operating profit increased by 112.6% to N$896 million, reflecting volume growth in Namibia, South Africa, and export markets. NBL's supply to South Africa performed exceptionally well, with […]