Category: Business
N$37.2 Million Spent on Live Chick Imports to Date…a market for a commercial hatchery exists
Nghiinomenwa-Vali Erastus Namibia spent N$37.2 million importing live chicks over the 12 months ending October 2024, according to the Namibia Statistics Agency’s (NSA) monthly trade statistics. On average, the country has spent N$2.9 million per month on live chick…
Borders Closed for Most Vegetable Imports This Month
By: Loise Shiimi The Namibian Agronomic Board (NAB) has announced that the country’s borders will be closed to nearly all vegetable imports throughout December. From 1 to 31 December, the importation of 15 out of 20 specially controlled…
Namibia’s Exports Decline While Imports Surge
By: Kavee Vezemburuka Namibia’s export revenue for October 2024 declined by 3.8%, falling to N$8.7 billion from the N$9.0 billion recorded in September, as detailed in the Namibia Statistics Agency’s latest Merchandise Trade Statistics Bulletin. On the other…
Choppies Fined N$2,2 Million for Backdoor Acquisition of Supermarket
By: Nghiinomewa-vali Erastus The Namibia Competition Commission has fined Choppies Retailer N$2.2 million for acquiring Grootfontein Supermarket and Grootfontein Bottle Store without notifying the regulator. Choppies was fined after the Commission’s investigation found that they contravened Section 44…
Minister Urges Small Businesses to Expand and Capitalise on the AfCFTA
By: David Shoombe Minister of Industrialisation and Trade, Lucia Iipumbu, has called on local entrepreneurs to expand their businesses and seize opportunities within the African Continental Free Trade Area (AfCFTA). Speaking at the handover ceremony of the Equipment…
Opinion: Will You Win the Black Friday Deals?
By: João Bismarck It’s a warm November morning in Windhoek, and the streets are alive with anticipation. Some Namibians have saved diligently for the day, while others have sought assistance from financial institutions. Black Friday, the global shopping phenomenon, is…
Mining and Quarrying PPI Records Quarterly Decline Amid Commodity Price Weakness
By: David Shoombe The Producer Price Index (PPI) for Namibia’s mining and quarrying sector recorded a 7.4% increase year-on-year, according to the Namibia Statistics Agency (NSA). However, on a quarterly basis, the sector experienced a slight decline, attributed…
TotalEnergies Crowns 2024 Startupper of the Year Winners
By: Staff writer TotalEnergies awarded the Namibian winners of the Start-upper of the Year Challenge at the Mercure Hotel in Windhoek on Wednesday evening. Young and striving entrepreneurs from 32 African countries could participate in the challenge’s fourth edition….
Blue Earth Capital N$198 Million Investment To Fuel Rhino Park Expansion Plans
By: Staff writer Global specialist investor Blue Earth Capital has committed N$198 million ($11 million) in private credit to Rhino Park Holdings, a specialist in maternity and neonatal healthcare. The funding will work to catalyse Rhino Park’s ambitious expansion…
October Vehicle Sales Surge
By: Ludorf Iyambo Vehicle sales in October soared to 1,145 new units, marking a 24.6% year-on-year increase from the 919 units sold during the same period last year. Simonis Storm analyst Almandro Jansen attributed this growth to pre-year-end,…