insert_link Business / Economics Namibia Welcomes South Africa’s Lower Inflation Target The Bank of Namibia's Naufiku Hamunime, Deputy Director of Corporate Communications and Sustainability, welcomed South Africa’s decision to lower its inflation target to 3 percent, saying it will bring long-term benefits for Namibia through the Common Monetary Area. With Namibia’s dollar pegged to the rand, aligning key monetary indicators like interest rates helps maintain stability, while membership in the bloc continues to provide price stability, lower transaction costs, and […] today18 November, 2025
insert_link Business / Economics Standard Bank Namibia, NIFA support MSME trade opportunities Standard Bank Namibia, in partnership with the Namibia Investment and Finance Academy (NIFA), hosted a “Market Access and Trade Opportunity” event in Windhoek to support micro, small, and medium enterprises (MSMEs). The initiative guided trade finance, import–export opportunities, and cross-border business growth. CEO of NIFA, Arinze Okafor, said the event’s goal was to equip small businesses with the knowledge and networks needed to scale operations and contribute to economic development. […] today17 November, 2025
insert_link Business / Economics Over 400 E-Hailing Drivers Meet Permit Deadline Works and Transport Minister Veikko Nekundi says about 400 e-hailing drivers have complied with the ministry’s directive to obtain public passenger transport permits by the end of September. NewsOnOne’s Selma Taapopi reports. today14 November, 2025
insert_link Business / Economics Banking Sector Strengthens Economic Footing Local banking assets have climbed to N$180 billion, representing 70% of the Gross Domestic Product and confirming the industry’s role as the third-largest contributor to the economy. Our correspondent Hertha Ekandjo reports that PSG Wealth Namibia says the sector contributed 8.1% to GDP for this year, maintaining a steady 5% year-on-year growth despite wider economic challenges. today14 November, 2025
insert_link Business / Economics EU, Port of Rotterdam support Namport in Lüderitz port expansion plan The European Union and the Port of Rotterdam have signed a N$13 million partnership with Namport to support the planned expansion of the Lüderitz Port in southern Namibia. The agreement, signed during the EU’s Africa regional workshop on Green Shipping Corridors, forms part of the EU–Namibia Strategic Partnership on Sustainable Raw Materials and Renewable Hydrogen. The project will focus on environmental and technical studies for the proposed expansion at Angra […] today13 November, 2025
insert_link Business / Economics Report Targets Growth in Informal Economy A new report launched in Windhoek aims to enhance understanding of the informal economy and support inclusive growth. The Diagnostic Report on Informality, developed by the Bank of Namibia with government ministries and the UN, highlights key challenges and policy solutions for a sector that sustains most citizens, particularly women and youth. Dr Michael Humavindu is the Chairperson of the National Working Group on Informality and Executive Director in the […] today12 November, 2025
insert_link Business / Economics Tourism Sector Sustains Strong Growth The Hospitality Association says the tourism industry continues to recover steadily, with third-quarter room and bed occupancy exceeding both 2024 and pre-pandemic figures. Room occupancy rose by 2% compared to last year and nearly 1% higher than in 2019, while September recorded a 4% rise to just over 66%. Gitta Paetzold, the Hospitality Association CEO: today12 November, 2025
insert_link Business / Economics Domestic Inflation Inches Up to 3.6% in October Domestic inflation rose slightly to 3.6% in October , up from 3.5% in September and 3.0% a year earlier, marking a modest rise after months of price stability. Monthly prices climbed 0.5%, ending two months of no change. The increase was mainly driven by higher housing and transport costs, while food inflation continued to ease. Simonis Storm economist, Almandro Jansen: today11 November, 2025
insert_link Business / Economics Nandi-Ndaitwah Calls for Assertive Global Partnerships President Netumbo Nandi-Ndaitwah urged citizens to approach international partnerships with confidence and strength, rejecting a “poverty mentality.” She made the remarks Thursday at the opening of the two-day Namibia Public-Private Forum, organized by the Namibia Investment Promotion and Development Board, as reported by NewsOnOne's Envaalde Matheus. today24 October, 2025
