Category: Finance
Fuel Prices Set to Increase
By: Loise Shiimi Fuel consumers will need to dig a little deeper into their pockets starting on 5 February, as the Ministry of Mines and Energy has announced an increase in petrol prices by 42 cents per litre,…
Bank of Namibia to Honour Geingob With Commemorative Note
By: Dolly Menas The Bank of Namibia is set to launch a commemorative banknote in honour of the late President Hage Geingob next month. The bank noted that the special note will celebrate Geingob’s significant contributions to Namibia’s…
Opinion: Early Signs of Financial Trouble
By: Eddie King Early signs of financial trouble often go unnoticed until they escalate into more severe issues. Recognising these signs can help individuals and small businesses take proactive steps to mitigate financial distress and avoid potential defaults. One…
Crippling Debt Leaves Countries Defenseless Against Growing Inequality
By: Justicia Shipena Low- and middle-income countries are facing bankruptcy and crippling debt, leaving them unable to combat rising inequality. According to Oxfam’s latest report, low- and middle-income countries allocate an average of 48% of their budgets to…
Opinion: What to Consider Before Taking a Loan This New Year
By: Herwin Tsowaseb The beginning of a new year often comes with exciting possibilities, but it also brings significant financial responsibilities. For many parents, January and February mark the time to prepare for university registration and tuition fees, purchase…
Namibia’s Trade Deficit Improves by N$2.2 Billion
By: Staff writer Namibia’s trade deficit improved by N$2.2 billion between October and November last year despite the country’s import bill rising to N$17.7 billion in November. While Namibia recorded a N$5.5 trade deficit in November after exporting…
Namibia’s Banking Sector Concentrated and Uncompetitive – World Bank
By: Nghiinomenwa-vali Erastus An assessment by the World Bank in its FY25-29 Country Partnership Framework for Namibia has revealed that the country’s banking sector is heavily concentrated and uncompetitive. The report highlights that although Namibia’s major banks are…
Namibia’s Banking Sector Concentrated and Uncompetitive – World Bank
By: Nghiinomenwa-vali Erastus An assessment by the World Bank in its FY25-29 Country Partnership Framework for Namibia has revealed that the country’s banking sector is heavily concentrated and uncompetitive. The report highlights that although Namibia’s major banks are…
Green Hydrogen Could Pull N$400 Billion In European Investments
Andrew Kathindi Namibia’s partnership with the European Union (EU) could mobilise N$400 billion in European private investments for the country’s green hydrogen sector. This would be more than double the country’s GDP and could enable Namibia’s aspirations for…
Govt to Borrow N$7.6 Billion From International Bank
Staff Writer Namibia is set to borrow approximately N$7.6 billion from the International Bank for Reconstruction and Development (IBRD) during the 2025/2026 financial year. This loan forms part of the World Bank Group’s newly launched Country Partnership Framework (CPF)…