insert_link 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. today24 October, 2025
insert_link 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: today23 October, 2025
insert_link 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: today22 October, 2025
insert_link 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 […] today21 October, 2025
insert_link 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: today21 October, 2025
insert_link 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 […] today21 October, 2025
insert_link 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 […] today20 October, 2025
insert_link Business / Economics Youth Invited to Participate in CRAN Tech Challenge Communications Regulatory Authority will kick off its first Tech Challenge starting today, targeting citizens aged 18–35. Participants can submit operational or prototype solutions in AgriTech, HealthTech, and freelance economy tools, promoting innovation, digital access, and youth engagement, according to spokesperson Mufaro Nesongano. today20 October, 2025
insert_link Business / Economics Petrofund and Baker Hughes have Partnered to Strengthen Energy Skills Development Petrofund and Baker Hughes have entered into a Memorandum of Understanding aimed at developing local Field Service Engineers in the energy sector. The agreement was signed in Windhoek during a session with energy and petroleum stakeholders hosted by the Namibia Investment Promotion and Development Board. Petrofund Chief Executive Officer Niillian Mulemi spoke about the collaboration with our Angie Scholtz. today17 October, 2025
