Category: Business
Caltex Return To Heighten Fuel Market Competition
By: Nghiinomenwa-vali Erastus The fuel retailing and distribution sector in Namibia is poised for increased competition with the return of the Caltex Retailing Brand under Chevron Corporation. Chevron announced on Tuesday its re-entry into the Namibian Orange Basin after…
Namibia Records Decline in Export Earnings While Import Bill Increases for May 2024
By: Justicia Shipena Namibia’s export earnings in May 2024 slightly decreased by 0.7% from April 2024, dropping from N$9.5 billion to N$9.4 billion, according to the monthly trade updates from the Namibia Statistics Agency. Conversely, the import bill for…
Corporate Debt Surges to N$47.0 Billion with Credit Growth at 4.7%
By: Hertha Ekandjo Namibia’s corporate debt reached N$47.0 billion in May 2024, marking a significant 4.7% year-on-year increase, the highest since October 2022’s 5.9% surge, according to the latest Simonis Storms Private Sector Credit Extension Report. The report highlighted…
MTC Opens Dealer Shop in Otjinene
By: Staff Writer Residents of Otjinene no longer need to travel long distances for Mobile Telecommunications Ltd (MTC) services, thanks to the opening of a new MTC dealer shop in the town. Previously, MTC served its customers through Nampost,…
OM SEED Disburses N$400,000 to 12 Entrepreneurs in 2024
By: Fransina Nghidengwa Old Mutual Namibia’s Sustainable Economic and Empowerment Drive (OM SEED) has disbursed N$400,000 in prize money to 12 entrepreneurs this year. This is part of an N$800,000 investment to support grassroots entrepreneurs in the Ohangwena, Zambezi,…
BIPA to Engage Stakeholders on Beneficial Ownership Sanctions
By: Justicia Shipena The Business and Intellectual Property Authority (BIPA) has announced plans to consult with stakeholders on various concerns related to beneficial ownership sanctions. This consultation aims to address and clarify issues stakeholders have raised regarding the implementation…
Business is not for the Lazy
By: Mathias Hangala Theodor Tobias (22) and Michael Kapiye (26) epitomise the entrepreneurial spirit, having taken a leap of faith to build their own business from scratch. Tobias, with his last N$20, bought a pack of sweets to sell…
Bright Freelancing Advocates Business Acuity at Entrepreneurship Workshop
By: Loise Shiimi Sanku Martin Rourence, the executive director and founder of Bright Freelancing, has urged entrepreneurs to have clear motives and target audiences before starting businesses. He also emphasised the importance of understanding how to revive or…
Toyota Hilux Continues Sales Dominance
By: Staff Writer The Toyota Hilux maintained its dominance among vehicle brands last month, selling 165 units and showcasing its strong appeal among buyers seeking robust utility and reliability. For passenger vehicles, the Toyota Fortuner led the segment…
Zambezi’s Entrepreneurs Shine at 2024 Old Mutual SEED Initiative
By: Dolly Menas The vibrant landscapes of the Zambezi Region have once again showcased the entrepreneurial spirit of Namibia through the 2024 Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED) initiative. Held in collaboration with the Financial…