Category: Business
Fuel Hikes To Heighten Inflationary Pressure
By: Annakleta Haikera At midnight 5 March 2025, fuel prices are set to rise for a consecutive month. The Mines and Energy Ministry attributed the domestic need behind the hike to two factors. One was the annual N$0.50 per litre…
GIPF Sued for N$228 Million For Investment Decision
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) is embroiled in another dispute, this time with Baobab Capital, a now-defunct Namibian investment firm. This comes after the company filed a lawsuit against the Fund, demanding N$228 million in damages….
GIPF Says It Will Protect Its Assets After Court Loss
By: Uaueza Kanguatjivi The Government Institutions Pension Fund (GIPF) says it remains resolute in protecting its investments and assets and maintaining public transparency. This comes after the High Court last week dismissed the Fund’s urgent application to prevent fund…
Swakop Uranium Workers to Acquire Shares Through Payroll Deduction
By: Nghiinomenwa-vali Erastus NAMITVEST Investment Holdings and Swakop Uranium have entered into a groundbreaking payroll deduction agreement that allows mineworkers to invest in shares, promoting the creation of generational wealth. The agreement, signed last Thursday at Husab Towers…
Namibia Running Out of Time on Beneficial Ownership Filing
By: Nghiinomenwa-vali Erastus Namibia’s bid to exit the Financial Action Task Force’s (FATF) greylist is at risk due to delays in implementing beneficial ownership regulations, despite progress on other compliance issues. The country has made strides in addressing…
NWR Denies Plans to Sell 14 Loss-Making Resorts
By: Justicia Shipena The Namibia Wildlife Resorts (NWR) has refuted claims that it intends to sell or transfer 14 of its lodges and resorts to private ownership. A leaked internal letter dated 25 February 2025, signed by NWR…
Windhoek Beer Returns to Kenyan Markets
By: Dolly Menas The Namibia Breweries Limited (NBL) will once again expand into the Kenyan market, in a move aimed at broadening its market reach and growing its products on international markets. This marks the third attempt NBL has…
Entrepreneurs Hamstrung by Lack of Access to Loans
By: Loise Shiimi Many entrepreneurs in Namibia are struggling to expand their businesses due to limited access to loans and bureaucratic hurdles, despite the country’s high unemployment rate of 54.8% under the 2018 Labour Force definition. Access to…
Nam Urged to Extend Visa-Exemption To Entrepreneurs
By: Dolly Menas, David Shoombe Local business analysts have urged the recently announced agreement for mutual visa exemption between Namibia and China to expand beyond diplomats. Currently, the agreement is only for diplomatic passport holders and service officials between…
Business Leaders Pay Tribute to Sam Nujoma
By: Dolly Menas Members of the Namibia Chamber of Commerce and Industry (NCCI) have expressed their gratitude for the late President Sam Nujoma’s commitment to entrepreneurship, economic growth, and unity within the private sector. Director of SME Compete,…