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Opinion: Impact of Recent Amendments to Property Legislation, Interest Rate Cycle, and Property Market Outlook in Namibia
Bernard Minnaar Overview of Legislative Changes The Transfer Duty Act (2024) amendments, which primarily target residential property transactions, have increased the cost of transferring residential properties held in corporate entities by applying transfer duties to shares in companies and…
Namibia Hydrogen Fund to Invest in HyIron’s Oshivela Project
By: Nghiinomenwa-vali Erastus Namibia Hydrogen Fund Managers has committed development funding to HyIron’s Oshivela Project, aiming to boost green iron production using hydrogen instead of carbon. Announced in a joint statement last week, the investment seeks to expand…
Namibia Lacks Studios, Incentives to Boost Film Industry
By: Justicia Shipena Namibia’s film industry faces significant challenges in attracting investment and international productions due to a lack of essential infrastructure and government incentives. This is according to Nangula Uandja, CEO of the Namibia Investment Promotion and…
Kavango Crop Farmers Fear for Yield Amid Drought Concerns
By: Annakleta Haikera As land preparation for the upcoming planting season begins in both Kavango regions, crop farmers are expressing concern over potential low yields due to a lack of early rainfall in November. During the weekend, The…
Govt Lowers Expected Diamond Sector Revenue by N$2.3 Billion
By: Hertha Ekandjo The government has reduced its projected revenue from the diamond sector for the 2024/2025 fiscal year by more than N$2.3 billion, citing lower global diamond prices and weakened demand. Minister of Finance and Public Enterprises Iipumbu…
New Green Hydrogen Plant and Offshore Wind Farm on the Cards
By: Hertha Ekandjo Namibia is conducting pre-feasibility studies for the development of a green hydrogen plant and an offshore wind farm as part of the Southern Corridor Development Initiative (SCDI) in the //Kharas region. The study will explore…
Opinion: Compliance in Namibia: Staying Ahead of Evolving Regulations and Securing a Strong Future
By: Melanie Meiring Namibia has recently been under increased scrutiny from the global community, with the Financial Action Task Force (FATF) grey-listing it. There are some gaps in Namibia’s anti-money laundering and anti-terrorism financing measures. These areas must improve to…
Road Crash Data Lacking for Economic Impact Assessment
By: Abigail Nalisa Health Minister Kalumbi Shangula has highlighted a significant lack of monitoring and evaluation of critical data related to road crashes, which is essential for assessing their economic, social, and health impacts on Namibia. He noted…
Opinion: Being A Medical Doctor is Easier Than Becoming an Economist!!
By: Ogunkola Oluwadamilola, ACIA Hear me out before you come for me! Being an economist comes with a level of responsibility that often goes unspoken. It’s as if the weight of the world’s problems rest on your shoulders. In…
DBN Boasts Injecting 76,000 Jobs into Economy
By: Dolly Menas and David Shoombe The Development Bank of Namibia (DBN) says its investments have contributed to the creation of 76,000 job opportunities across various sectors over its 20-year history, injecting over N$21 billion into the Namibian…