Category: Business
IUM Inaugurates N$45 Million Eenhana Campus
By: Loise Shiimi The International University of Management (IUM) on Tuesday inaugurated its N$45 million state-of-the-art campus in Eenhana, Ohangwena region. The investment is expected to reap socio-economic benefits for the town and region, with IUM founder David Namwandi stating…
Local Contractors Can Deliver On Houses – Kambwa Construction
By: Justicia Shipena Local businessman Sheehama David believes Namibian contractors have the expertise and capacity to successfully deliver housing projects but are held back by financial limitations that delay completion. His remarks come after Namibia Housing Enterprise (NHE) handed 64…
Restrictive Policies Hinder Informal Economy
By: Justicia Shipena The current legal framework hinders the institutionalisation, growth, and protection of Namibia’s informal economy, the Parliamentary Standing Committee on Economics and Public Administration has found. The committee’s latest report highlighted various challenges, including complex tax requirements,…
“Dealer’s Margin Increase Not a Subsidy” – Ithindi
By: Annakleta Haikera The Mines and Energy Ministry’s executive director, Penda Ithindi, says the N$0.30 per litre dealer margin increase for service station owners is not a subsidy, as some have interpreted it. The ministry recently increased the fuel…
Logistics Innovation Crucial in Boosting E-Commerce
By: Justicia Shipena, Uaueza Kanguatjivi Technology Minister Emma Theofelus says Namibia must strengthen its postal and logistics sector to take full advantage of opportunities in the African Continental Free Trade Area (AfCFTA). She highlighted the current challenges in cross-border…
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…