Category: Economic Development
May 2026 Hospitality Stats Signal Occupancy Rate Improvements
By: Dwight Links Investment firm Simonis Storm shared an assessment on the local hospitality industry’s performance for May 2026, stating that the industry is going from strength to strength. Simonis Storm associate Almandro Jansen says that according…
SACU Members Agrees to Deploy N$5 billion to New Fund
By: David Shoombe The 9th Summit of the Southern African Customs Union (SACU) Heads of State has agreed to establish a Regional Innovative Funding Mechanism with an initial capitalisation of N$5 billion spread over the 2027/28 and 2028/29…
Fewer Vehicle Units Sold in May
By: Dwight Links The month of May delivered a measured pullback in Namibia’s vehicle market, with total unit sales at 1,171, representing a contraction of 11.3% from April’s 1,320 units. The figures come from an analysis done by…
Govt Meets Order-With-Me Entrepreneurs
By: Dwight Links Prime Minister Elijah Ngurare recently met with ‘order-with-me’ entrepreneurs to discuss the importance of self-reliance and how Namibia’s business landscape can expand. Khomas Region governor Sam Nujoma, Finance Minister Erica Shifudah, and Namibia Revenue Authority…
TVET Holds the Key to Namibia’s Green Hydrogen Future
By: Peneyambeko Jonas Industry experts are calling for a stronger focus on Technical and Vocational Education and Training (TVET) to ensure Namibians are equipped to benefit from the country’s energy revolution. As Namibia positions itself as a future…
External Economic Shocks Threaten NDP 6 Ambitions
By: David Shoombe The Bank of Namibia announced an increase in the repo rate from 6.50% to 6.75%, noting how the Namibian economy had been adversely affected by global economic uncertainty arising from the conflict in the Middle East….
Nam Vocational Centres Cannot Meet Artisan Demand … if GH2 and Derivatives Move to Phase 2
By: Nghiinomenwa-vali Hangala A skills gaps analysis of three Green Hydrogen and Derivatives Projects that advanced to post-pilot has indicated that the current level of supply of specialised artisans will not meet demand, should they progress to second…
Energy Fund Surplus Almost Exhausted
By: Nghiinomenwa-vali Hangala The National Energy Fund, which held substantial surplus funds, is currently almost exhausted. Going from the ability to absorb the under-recoveries and the premiums charged on top of the Basic Fuel Price, to safeguard our security…
Treasury Given Green Light to Start Spending the N$87.9bn Budget
By: Nghiinomenwa-vali Hangala The country treasurer, Ericah Shafudah, has been given the green light by Parliament and the President to start releasing the National Budget funds to various Offices, Ministries, and Agencies (OMAs) for the procurement and fulfilment of…
15 Mergers and Takeovers Given Go-Ahead
By: Nghiinomenwa-vali Hangala The country’s competition watchdog, the Namibia Competition Commission, has approved 15 mergers and acquisitions, with some between local companies and some involving international companies. Out of the 15 mergers and acquisitions approved, three were approved with…