A delegation of 20 French companies and energy firms concluded the final leg of a business mission across different regions in Namibia. The mission is organised by Evolen, a French professional association representing 250 companies in the energy sector. Speaking…

THE governments of Namibia and Angola have finalised a N$4-billion agreement to build the Angola-Namibia Interconnector. The deal, signed in Luanda on 14 April, activates an infrastructure project that will link Angola to the Southern African Power Pool for the…

The Namibia Depository Gurantee Fund has grown to N$40.1 million as at 31 December 2025. This is from N$30.3 million at the end of 2024. The fund’s annual report, launched yesterday, shows the growth came from different investments. Premium contributions…

Oil majors stay silent Chevron and Rhino Resources have both confirmed further drilling projects for this year, however, none of the oil majors at the Namibia International Energy Conference hinted at a final investment decision. This is despite the country…

Namibian commercial banks have no policies in place to refund clients’ money once they are defrauded. This is despite the Bank of Namibia recently revealing that Namibians lose over N$6 million to fraudsters every month. The central bank says Namibians…

The contractor group of PEL 85 (Rhino Resources, Namcor and Korres Investment) is planning to make a final investment decision in Namibia towards the end of 2027. Azule chief executive Joe Murphy has also announced that the company will open…

Hyphen Hydrogen Energy plans to spend N$54 billion on procurement from local Namibian businesses over the course of the company’s project in Namibia. This is almost the country’s total reserve amount. Speaking at an enterprise and supplier development programme launch…

The Southern African Customs Union has remained Namibia’s largest tax contributor at N$21.1 billion as at the end of March. The Namibia Revenue Agency (Namra) says it has collected N$93 billion in gross income. After paying refunds, its revenue was…

The banking sector recorded a total income of N$15.9 billion in 2025. This is a 9.7% increase from the N$14.5 billion reported in 2024. According to the Bank of Namibia’s latest annual report, the growth was mainly attributed to net…

STATE-owned enterprises (SOEs) owe N$9.3 billion in external debt. According to the Bank of Namibia (BoN) 2025 annual report, about N$905 million of that loan is considered short-term (due within one year). The rest is spread out, with a significant…

The Bank of Namibia has appointed Nicholas Mukasa as the second deputy governor of the bank with effect from the start of May. Prior to his appointment Mukasa was the director of financial markets at the central bank. He was…

The African Export-Import Bank (Afreximbank) has made N$167.3 billion (US$10 billion) available to all member states, including Namibia. The initiative, known as the Gulf Crisis Response Programme (GCRP), is set to help African countries deal with the effects of the…