economic challenges

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Business / Economics

Small Traders Raise Concerns Over Customs and Taxes

Small traders, known as “Order With Me” agents, have approached the Namibia Revenue Agency to highlight issues including confusing customs procedures. Hertha Ekandjo reports that they also named high taxes, delays at ports of entry, and the confiscation of goods   

today11 December, 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.   

today14 November, 2025

Business / Economics

ECB Cuts Rates Again Amid Economic Uncertainty

The European Central Bank has reduced interest rates for the sixth time in nine months in an effort to support economic growth in the eurozone says BBC. Despite economic challenges such as the threat of U.S. tariffs and plans to increase European military spending, the bank remained committed to its strategy of lowering rates. The ECB lowered its main interest rate from 2.75% to 2.5% and further revised its economic […]

today7 March, 2025