The Namibian government increased its borrowing from local banks by N$20.4 billion over the past year, pushing its total debt exposure to the domestic banking system to N$52.4 billion in April and raising concerns about future inflationary pressures. According to…
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MORE than 105 000 households across Namibia received rice assistance in May as food security challenges continued despite a decline in acute hunger levels following drought recovery interventions. According to the World Food Programme (WFP) Namibia Country Brief for May,…
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Capricorn Private Wealth has appointed Elize Smith as its new head from 1 May. This comes as the business says it seeks to strengthen growth and expand its private wealth offering. Smith brings more than 35 years’ experience in the…
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About 70% of Namibians can no longer afford formal housing as soaring property prices, weak income growth and limited access to mortgage finance continue to push home ownership beyond the reach of most households. This came to light during a…
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Prime minister Elijah Ngurare says the government is looking at creating a more favourable business environment for ‘Order With Me’ entrepreneurs. This comes as complaints over high and unpredictable customs charges on imported goods have grown. Ngurare convened a surprise…
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NAMIBIA has dropped nine places to 94th globally and slipped from 8th to 10th in Africa in the StartupBlink Global Startup Ecosystem Index 2026, despite continued growth in the country’s startup sector and improving business conditions. The report says Namibia…
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MTC has commissioned a temporary containerised mobile retail outlet in Okuryangava, with plans already underway for a permanent facility expected to be completed by the end of September 2026, amid growing demand for services in high-density urban and peri-urban areas.…
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Namibia’s average house price increased to N$1.46 million in the first quarter of 2026 as shortages of serviced land and limited housing supply continued to push property prices higher. According to a report by Mandisa Van Wyk this week, market…
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Cabinet has approved the appointment of Margaret Gustavo as caretaker and acting managing director of Namibia Wildlife Resorts (NWR) for a two-year period ending April 2028, as government moves to stabilise the struggling state-owned tourism entity. Gustavo, the former executive…
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City of Windhoek has repaired more than 76 000 potholes covering over 57 000 square metres of damaged road surfaces despite facing road maintenance funding pressures exceeding N$737 million. Mayor Sakarias Uunona says the city requires about N$384 million annually…
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BELLATRIX Investment Managers will today launch the Ndjaba Seed Fund, targeting early-stage businesses across southern Africa as part of efforts to close a persistent funding gap. The fund is aimed at startups that have moved beyond the idea stage but…
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The University of Namibia has recorded a 747% increase in student enrolment since 1992, with its student population rising from 3 639 to 30 836, president Netumbo Nandi-Ndaitwah has revealed. Speaking at the university’s April graduation ceremony in Windhoek on…
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