Category: Economic Development
Angola’s Kwanza Now a Settlement Currency in SADC…Botswana Pula is next
By: Nghiinomenwa-vali Hangala The Angolan kwanza has become the second settlement currency to be introduced in the SADC real-time gross settlement (SADC-RTGS) system, which has settled transactions exclusively in South African rand since its inception in 2013. The South African…
Resources Matter, so Does Deployment Knowhow – ECA
By: Helmut Mahogo General and Executive Secretary of the Economic Commission for Africa, Claver Gatete, called for domestic resource mobilisation as the foundation of Africa’s economic transformation. Gatete said this as he addressed the 49th Ordinary Session of the…
Kavango Entrepreneurs Question DBN’s Regional Impact
By: Annakleta Haikera Residents and entrepreneurs of Kavango East have questioned the Development Bank of Namibia’s (DBN) impact in the region, calling for greater transparency on how much of the bank’s financing has benefited local business activities. The concerns were…
Venus Well Development and Operation Investment Estimated at US$18bn …over US$2 billion will be spent locally
By: Nghiinomenwa-vali Hangala The Venus well project, which is on the cusp of its Financial Investment Decision (FID), is estimated to require capital development/investment of over US$11 billion in the development phase. If developed, it will further require…
Ongwediva’s Property Industry Slumps … only 930 property transactions recorded in 10 years
By: Hee-Dee Walenga In the latest edition of Eagle FM’s Ulwazi show. Veteran urbanist, Fransisco Neshila, revealed that, according to the data gathered by his proprietary platform, which is also named Ulwazi, that the town of Ongwediva has…
ReconAfrica’ Kavango West 1X Produced Natural Gas
ReconAfrica, which is looking for oil in the Kavango area, has produced natural gas to the surface from the Kavango West 1X discovery well. According to the Prospect Magazine, it marks the first hydrocarbons ever produced onshore in the…
NSFAF Non-Tuition Stipend: Capital for Student Entrepreneur
By: Peneyambeko Jonas While access to start-up capital remains a challenge for many young people, some Namibian students are turning their Namibia Students Financial Assistance Fund (NSFAF) non-tuition allowances into start-up capital for their hustles. For many…
Creative Industry Receives N$1.6 Million Injection
By: Hee-Dee Walenga The Ministry of Education, Innovation, Youth, Sports, Arts and Culture will channel N$1.6 million to eight entrepreneurs in the creative industry. The Ministry along with the Basecamp Business Incubator held a ceremony on Monday morning to…
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…