Category: Top Stories
Namport Mandates Local Participation in the Oil and Gas Sector
By: Hertha Ekandjo The Namibia Ports Authority (Namport) has implemented a policy requiring all service providers in the oil and gas sector, looking to establish operations at the country’s ports, to include Namibian participation. This initiative aims to facilitate…
MTC Launches Branchless Mobile Money Service
By: Nghiinomenwa-vali Erastus Windhoek General Administrator (WGA), a fintech subsidiary of Mobile Telecommunications Company (MTC), has launched a mobile phone-based money transfer and payments service called MTC Maris. The service was unveiled last Friday, marking MTC’s entry into the…
Golden Visa Programme Faces Delays Amid New Migration Law
By: Justicia Shipena The government’s Resident By Investment Programme, aimed at raising N$50 billion through a “Golden Visa” initiative, is currently behind schedule, according to the Namibia Investment Promotion and Development Board (NIPDB). The programme is a key component…
Namib Mills Faces Loss Following Instant Porridge Recall
By: Hertha Ekandjo and Loise Shiimi Namib Mills says it expects to suffer substantial financial losses following the recall of its Top Score instant porridge, after an incident in South Africa where two minors tragically died. While it is…
Current Laws Lack Clarity on Green Hydrogen Definition – Alweendo … minister warns of potential hurdles in global markets without standardisation
By: Justicia Shipena – New York, USA Mines and Energy Minister Tom Alweendo has emphasised the urgent need for specific legislation to regulate the growing green hydrogen industry. Speaking at the Namibia Green Hydrogen Forum in New…
Namcor Repays Half of N$1,1 Billion Debt
By: Staff writer Namcor says it has spent N$550 million to settle some of its N$1,1 billion debt to international oil seller Gunvor. This comes after the company received a N$1.2 billion lifeline from state coffers. Namcor said…
Almost N$1 Billion Switched From GC25 Bond
By: Nghiinomenwa-vali Erastus Investors in the GC25 Bond, maturing in October 2025, have moved N$944.9 million of their investment into other long-term government debt instruments. This shift means some investors have chosen to extend their lending to the…
Employers, Unions Raise Concerns Over Tax Refund Process
By: Hertha Ekandjo Employer representatives and labour unions have expressed concerns following the recent gazetting of the Namibian Income Tax Amendment Act, announced by Finance Minister Iipumbu Shiimi earlier this month. The Act mandates employers to reimburse employees for…
Trapped or Flourishing In SACU- The Namibian Dilemma
By: Nghiinomenwa-vali Erastus An analysis of Namibian trade statistics within Africa over the past five years reveals that approximately 71% of the country’s trade (both imports and exports) is concentrated within the Southern African Customs Union (SACU). This…
Southern African Bank to Fund Lobito Railway Corridor…initiative to challenge Namibia’s ambition to become Africa’s gateway
By: Nghiinomenwa-vali Erastus The Lobito Corridor Railway Project, which will connect the town of Lobito in Angola and its under-construction oil refinery to DRC, has secured US$200 million (N$3,5 billion) in funding. The funding will come from the…