Standard Bank Namibia has been named the best trade finance provider in Namibia in the 2026 Global Finance Best Trade Finance Providers Awards. A statement issued by the bank yesterday says the award comes at a time when Namibia is…

Namibia is preparing to launch its first heavy-duty freight locomotive powered by locally produced green hydrogen later this year. The project could position Namibia as one of the first countries in Africa to operate a heavy duty freight train powered…

Namibia exported oil worth N$307 million to Zambia and Botswana in January. According to the latest trade statistics from the Namibia Statistics Agency (NSA), these transactions were classified as re-exports. This means these are goods imported by Namibia and then…

Namibia faces potential fuel price hikes and supply disruptions following the reported closure of the Strait of Hormuz due to escalating conflict in the Middle East. The strait, positioned between Oman and Iran, is a critical port linking major Gulf…

The Ministry of Finance is expected to make adjustments to income tax brackets in the second quarter of the year. This was announced by minister of finance Ericah Shafudah during the tabling of the national budget last week. “The income…

Namibia’s overall budget deficit is projected to increase to N$217.3 billion by the end of the medium-term expenditure framework. The medium-term expenditure framework refers to the government’s budget for the next three years. According to the government’s fiscal book, government…

Analysts say the new budget will not allow for the economy to grow as it is focused on operations and too little has been left for development projects. Minister of finance Ericah Shafudah yesterday tabled a budget of N$104 billion…

Minister of finance Ericah Shafudah has announced a N$100 pension increase effective 1 April. This means pensioners will now be earning N$1 700 compared to the current N$1 600. She made the announcement during the tabling of the national budget…

Minister of finance Ericah Shafudah has tabled a budget of N$104 billion for the 2026/2027 financial year. The government will need to borrow about N$15 billion to meet its funding needs. Shafudah says the majority of this money will be…

Sintana Energy has been listed on the London Stock Exchange, according to an announcement made by the company yesterday. According to recent company disclosures, the biggest identified shareholders include Charlestown Energy Partners LLC, with 4.8% of the shares, Perga Capital…

THE Ministry of Urban and Rural Development has received an unqualified audit opinion for the financial year ended 31 March 2025, even as the auditor general flagged shortcomings in service delivery, particularly in sanitation. An unqualified opinion represents the highest…

Namibia has been advised to first consider investing in a uranium conversion facility before investing in a full uranium value addition chain. After conversion, uranium is typically enriched as it is manufactured into fuel, and then used in nuclear reactors…