Business / Economics Archives - Page 7 of 184

Government denies claims of plan to buy stake in De Beers

De Beers store (Photo by: Financial Times) The government has rejected reports suggesting that the Cabinet approved a plan for the country to acquire a stake in the De Beers Group. The rumoured transaction claimed Namibia would purchase a 10–15% share in the global diamond company, valued at roughly N$14.5 billion, together with Botswana and Angola. In a statement, the Ministry of Industrialisation, Mines and Energy clarified that the Cabinet […]

19 November, 2025

Business / Economics

TVET Policy Progress Reviewed in Swakopmund

The Directorate of TVET under the Ministry of Education, Innovation, Youth, Sports, Arts and Culture is hosting an inception meeting in Swakopmund to evaluate the implementation of the 2021 National TVET Policy. Deputy Director for TVET, Ndakolute Abraham, provided insights on the meeting, highlighting its goal of ensuring the sector equips youth with future-ready skills while promoting growth, innovation, and sustainable development.

19 November, 2025

Business / Economics

Global Cloudflare Outage Hits Major Websites

Several major platforms, including X, ChatGPT, and the Namibian Stock Exchange, went offline yesterday due to a worldwide disruption at Cloudflare. Downdetector was also briefly affected, while Local Digital Expert Nrupesh Soni weighed in on the crucial role Cloudflare plays in managing and securing web traffic.

19 November, 2025

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 […]

18 November, 2025

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. […]

17 November, 2025

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.

14 November, 2025

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.

14 November, 2025

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 […]

13 November, 2025

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 […]

12 November, 2025