Economic Growth

Domestic Economy Grows to N$62.4 Billion in Q1 2025

The local economy expanded to N$62.4 billion in the first quarter of this year, up by N$4 billion compared to the same period last year. The Statistics Agency attributes the growth to a strong performance in the tertiary sector, which saw a 5.1% increase in real value added. This marks an improvement from the 4.8% growth recorded in Q1 2024, according to spokesperson Mirjam Shihepo.

27 June, 2025

Business / Economics

Government close to finalising new Investment Promotion Bill

The government is in the final stages of enacting the Namibia Investment Promotion and Facilitation Bill (NIPFB), a legislative measure aimed at enhancing the country's investment climate to attract both local and foreign investors. President Netumbo Nandi-Ndaitwah announced during a session in Luanda, Angola, that the Ministry of International Relations and Trade is diligently working to complete the bill. The legislation is designed to create a more transparent and conducive […]

25 June, 2025

Business / Economics

Dangote Visit Sparks Economic Cooperation Talks.

Obinna Anyanwu, who leads Nigeria’s operations for the Commonwealth Enterprise and Investment Council, praised Namibia’s economic openness during the ongoing Commonwealth Business Summit 2025. He highlighted the country’s welcoming approach to trade and investment as a positive sign for regional collaboration.

20 June, 2025

Interview Transcripts

Interview: Josef Sheehama Calls for Namibia to Join BRICS to Boost Economic Growth and Industrialization

Economic expert Josef Sheehama made a strong case for Namibia to join the BRICS bloc, describing it as a smart and strategic move for the country’s future. Speaking about the fragile global economic and political environment, Sheehama stressed that Namibia can no longer afford to remain neutral but must diversify its international alliances and rebalance traditional ties to reduce dependence on partners who may not fully support its interests. Sheehama […]

16 June, 2025

Business / Economics

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

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

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

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

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