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:

11 November, 2025

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.

24 October, 2025

Business / Economics

NamCor Engages Stakeholders on Offshore Venus Project

NamCor and its partners are conducting the second consultation for the Environmental and Social Impact Assessment of the Offshore Venus Field, located 320 kilometers southwest of Lüderitz. NamCor's Paulo Coelho emphasized that the engagement is part of Namibia’s legal environmental assessment requirements and seeks to involve communities and stakeholders in evaluating potential project impacts.

24 October, 2025

Business / Economics

Competition Commission Transfers N$9 Million in Penalties to State

The Competition Commission has contributed N$65 million in penalties to the State Revenue Fund since 2009, including N$9 million for the 2024/25 financial year. The latest payments came from settlement agreements in the non-financial, cement, and fuel and air transport sectors. Dina //Gowases is the Commission’s spokesperson:

23 October, 2025

Business / Economics

Shafudah Announces Spending Adjustments in Mid-Term Budget Review

Finance Minister Ericah Shafudah tabled the Mid-Term Budget Review before Parliament, providing an update on the local economic progress and key fiscal adjustments. The proposed changes to the 2025 Appropriation Act aim to realign government spending and ensure adequate funding for national priorities through the rest of the 2025/26 financial year. Simonis Storm economist Almandro Jansen:

22 October, 2025

Business / Economics

Finance Minister revises economic growth to 3.3%, cuts growth forecast

Finance and Social Grant Management Minister Erica Shafudah (Photo contributed) Finance Minister Ericah Shafudah has tabled the 2025 Mid-Term Budget Review in Parliament on Tuesday, 21 October, painting a cautious picture of Namibia’s fiscal and economic outlook as growth slows and public debt rises. The review projects economic growth of 3.3% for 2025, a notable downward revision from the 4.5% forecast announced during the main budget in March. The decline […]

21 October, 2025

Business / Economics

Bank of Namibia Talks Fintech Forum on Youth and Jobs

The Bank of Namibia hosted the Fintech Thought Leadership Forum under the theme “Unlocking Youth Potential and Job Creation Through Innovations of Tomorrow.” The event gathered leaders from government, business, and academia to explore how technology can promote inclusive economic growth. Naufiku Hamunime, Acting Deputy Director for Corporate Communications and Sustainability at BoN:

21 October, 2025

Business / Economics

Southern African Science Service Centre Hosts Green Hydrogen Conference in Windhoek

(Photo: SASSCAL Facebook Page) The Southern African Science Service Centre for Climate Change and Adaptive Land Management is hosting the 3rd International Conference on Circular Economy, Renewable Energies, and Green Hydrogen in Africa in Windhoek today and tomorrow. Experts from the region and abroad will discuss sustainable industrialisation, renewable energy, and green hydrogen development. The conference will conclude with a visit to the Daures Green Hydrogen Village and Cleanergy […]

21 October, 2025

Business / Economics

CMB.TECH subsidiary acquires O&L Group’s stake in Cleanergy Solutions

H₂Infra NV, a subsidiary of Belgian clean energy company CMB.TECH, has acquired the Ohlthaver & List (O&L) Group’s 51% stake in Cleanergy Solutions Namibia, positioning itself as the sole shareholder of the hydrogen venture. The transaction, announced this week, is still subject to approval by the Namibian Competition Commission. Once finalised, the deal will give CMB.TECH full ownership of Cleanergy Solutions, which operates one of Namibia’s flagship green hydrogen pilot […]

20 October, 2025