Economic Growth

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

GDP growth slows to 1.6% in second quarter

Photo: Adobe stock Namibia’s economy grew by 1.6 percent year-on-year in the second quarter of 2025, down from 2.8 percent in the first quarter and 3.3 percent in the same period of 2024, according to a new report by the First National Bank of Namibia (FNB). FNB economist Helena Mboti said the data indicates the strain on consumers.“Private consumption collapsed to negative 7.2 percent year-on-year in the second quarter of […]

1 October, 2025

Business / Economics

Non-Bank Financial Sector Shows Resilience with $474 Billion in Assets.

The non-bank financial sector proved resilient in 2024, with total assets climbing 14.3% to $474.2 billion, NAMFISA CEO Kenneth Matumola reported. Overseeing 132 financial institutions and more than 14,700 intermediaries, the sector continues to underpin fiscal stability. Joanette Eises of NAMFISA:

26 September, 2025

Business / Economics

Interview: Youth Empowerment and Business Funding: Insights from Frans Koita of DKL Africa Consultations CC

Frans Koita, founder of DKL Africa Consultations CC, has emerged as a key mentor for young entrepreneurs navigating the often-confusing world of business. In a recent interview with Future Media, Koita shared his perspective on the National Youth Development Fund, a government initiative aimed at allocating N$257 million to viable youth-led businesses. Koita highlighted a persistent challenge: the majority of youth lack basic business knowledge. “Less than five percent of […]

1 September, 2025

Business / Economics

Government to hold regional outreach on upstream local content policy

Starting 1 September , the Petroleum Upstream Unit will engage stakeholders on the draft National Upstream Local Content Policy. Carlo McLeod, Presidential Special Advisor, says the program aims to guarantee that local citizens benefit from the oil and gas sector.

28 August, 2025

Business / Economics

Youth lag in tapping N$257 million fund, warns Sheehama

Youth Participation, National Youth Fund, Youth Empowerment, Entrepreneurship, Job Creation, Economic Growth, Business Skills, Mentorship, Youth Engagement, Startups, Financial Literacy, Business Planning, Young Entrepreneurs, Collateral-Free Loan, Youth Opportunities, Skill Development, Innovation, Youth Challenges, Civic Engagement, Future Leaders

27 August, 2025

Namibia

Nandi-Ndaitwah Pushes Youth Fund, Slams Corruption

President Nandi-Ndaitwah has announced that the Youth Development Fund will soon be launched to empower young citizens and create jobs. Speaking at Heroes Day in Katima Mulilo, she urged beneficiaries to pursue viable projects and warned against political favoritism. She reaffirmed her stance that corruption is “treason” and called for quality service delivery, while also paying tribute to the late Lt. Gen. Solomon Hawala, who will be laid to rest […]

27 August, 2025

Business / Economics

Interview: Expert warns youth are missing out on N$257 million National Youth Fund

Leonard Witbeen | August 27, 2025 Business and economics expert Josef Sheehama has raised concerns over the low participation of youth in the newly approved National Youth Fund, which has been allocated N$257 million for 2025-2026. The fund is designed to empower young entrepreneurs, reduce unemployment, and contribute to broader economic growth. He highlighted that only 187 youth have attempted to apply so far, with many struggling to prepare viable […]

27 August, 2025

Business / Economics

Nekundi Warns Against Import Preference.

Works and Transport Minister Veikko Nekundi has reinforced the call for ministries to support local procurement, warning against purchasing foreign goods over domestic alternatives. He emphasised that supporting local producers drives job creation, empowerment, and economic growth.

21 August, 2025