Economic Growth

Hangala backs Air Namibia revival as government invests N$20 million in feasibility study

The government has allocated N$20 million for a feasibility study to assess the revival of Air Namibia, with the goal of relaunching the national airline by 2026. Dr. Leake Hangala who is the Chairperson of the Namibia Airports Company, has voiced strong support for the initiative, stressing the airline’s role in national development and economic growth. Speaking on the proposal, Dr. Hangala expanded on the importance of having a functional […]

3 April, 2025 66

Business / Economics

Private Sector Credit Hits 2-Year High Amid Business Confidence

Local Private Sector Credit Extension surged to 4.1% in January this year, its fastest pace since early 2023. The growth is driven by stronger corporate lending, signaling renewed confidence, while household credit demand remains subdued. Almandro Jansen is an economist at Simonis Storm:

5 March, 2025 42

Uncategorized

Unemployment in Namibia – A call for multi-sectoral action

Sydwill Scholtz By: Sydwill Scholtz, Labour Analyst The Namibia Statistics Agency (NSA) released the latest 2023 unemployment statistics for the country in January 2025, and, needless to say, the results are nothing shy of shocking. The results indicate that unemployment remains a significant social challenge in the country with the inherent ripple effect of poverty and social unrest detracting from the country's economic growth and development as […]

26 February, 2025 125

Dr. Sam Nujoma

Airports Company Honors Sam Nujoma’s Legacy

The Airports Company held a memorial ceremony at Hosea Kutako International Airport to honor the late Founding President, Sam Nujoma. The report by One Africa TV NewsOnOne's Hertha Ekandjo says while speaking at the event, NAC CEO Bisey /Uirab highlighted Nujoma's profound contributions to Namibia’s independence and economic growth. Catch last night's full bulletin on oneafrica.tv. Weeknights at 7 watch it on GoTv 84, DSTv 284 or stream for free […]

26 February, 2025 53

South Africa

SA to Prioritize Development Financing in G20 Presidency

South Africa's National Treasury Director-General, Duncan Pieterse, says South Africa will use its G20 Presidency to address financing for development and tackle barriers to growth in developing countries. The Finance and Central Bank Deputies' meeting is taking place in Cape Town this week. The G20 members represent about 85-percent of the world’s gross domestic product and 75-percent of international trade. Pieterse says South Africa has signalled a strong intent to […]

25 February, 2025 33

Business / Economics

Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates

Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […]

25 February, 2025 16

Business / Economics

NIDA Reports N$3 Billion in Assets in First-Ever Annual Report

The Industrial Development Agency released its first annual report since its establishment in 2018, revealing asset management worth N$3 billion. NIDA Board Chairperson Sebulon Kankondi shared the figures, while Finance Minister Iipumbu Shiimi urged the agency to adopt a high-performance culture. NIDA CEO Richwell Lukonga :

25 February, 2025 108

Africa

Botswana Holds Interest Rate Steady Amid Rising Inflation

Botswana’s central bank has maintained its monetary policy rate at 1.90% for the third consecutive meeting, the bank announced on Thursday says CNBCAfrica. Inflation rose to 2.5% in January, up from 1.7% in December, but remains below the Bank of Botswana’s preferred range of 3% to 6% in the medium term. The country’s economy, heavily reliant on diamond exports, faced a contraction last year due to weakened global demand for […]

21 February, 2025 20

Business / Economics

Banking Leaders Chart the Future at CEO Roundtable

The banking sector CEOs gathered for a strategic roundtable discussion this week, focusing on pressing challenges such as climate risk, cybersecurity, and regulatory policies. The event, hosted by the Bank of Namibia, carried the theme "Setting the Scene and Driving Impact for 2025," as highlighted by Ms. Naufiku Hamunime, Technical Expert in International Relations & Sustainability.

21 February, 2025 42