insert_link Business / Economics CRAN launches universal service fund to bridge Namibia’s digital divide By: Staff Reporter The Communications Regulatory Authority of Namibia (CRAN) has launched the Universal Service Fund to enhance digital connectivity across. Announced in Windhoek on March 19, 2025, this initiative aims to bridge the digital divide by improving access to information and communication technology (ICT) nationwide. Dr. Tulimevava Mufeti, Chairperson of CRAN’s Board, highlighted the importance of connectivity as a necessity for education, healthcare, and economic development. The fund will […] today19 March, 2025
insert_link Business / Economics Mbumba signs off new benefits for retired political office bearers Outgoing President Nangolo Mbumba has signed off the post-retirement benefits of the specified public office-bearers. The government will pay for the retiring office bearers' cooks, drivers, security personnel, fuel and a vehicle grant. The benefits apply to four categories, with the vehicle grant pegged at N$700,000 and N$600,000. Mbumba said he signed off the benefits under the powers vested in him by section 8 of the Public Office-Bearers (Remuneration […] today18 March, 2025
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 […] today17 March, 2025
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 […] today14 March, 2025
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 […] today14 March, 2025
insert_link 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 […] today13 March, 2025
insert_link 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 […] today13 March, 2025
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 […] today12 March, 2025
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 […] today12 March, 2025