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The Brief

The Brief


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Windhoek’s approved building plans hit N$1.92 billion

The City of Windhoek approved 1 875 building plans valued at N$1.92 billion in the past 12 months. This marks a 2.8% year-on-year (y/y) decrease in the number of approvals, data from IJG Securities shows. However, this represents a 26.4% y/y…

The Brief

Namibia ranks 21st in 2024 Africa Visa Openness Index

The African Development Bank’s Africa Visa Openness Index for 2024 places Namibia in the 21st position with a visa openness score of 0.653, up from 0.638 in 2023. This highlights the country’s moderate progress in facilitating travel among African nations…

The Brief

Political rallies boost Northern Namibia room occupancy

Northern Namibia recorded its highest occupancy rate of 72.38% in October, rising from 68.67% in September. This is largely due to increased demand from political rallies held in the area, latest data shows. Central Namibia saw an improvement of 55%,…

The Brief

Namibia to face limited impact of European deforastration law

Namibia is unlikely to face significant impacts from the European Union Deforestation Regulation (EUDR) due to the country’s limited forest coverage. This is according to Oxford Economics Africa economist Theo Klein. Klein highlights the importance of Namibia’s beef exports to…

The Brief

Green agenda set to boost household income by N$99.4 billion

The Namibia Green Industrialisation Agenda (NGIA) is expected to significantly increase household income, potentially adding N$99.4 billion during its investment phase. This projection was shared during a panel discussion on the socioeconomic impact of green hydrogen in Namibia, hosted by…

The Brief

Namibia’s business registrations drop by 34%

Economic activity in Namibia took a hit in the second quarter of 2024, as business registrations fell sharply by 34%. Namibia’s business registrations drop by 34% This is compared to the same period last year, official data shows. The registration…

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Chinese companies awarded Rosh Pinah power project contract

The Namibia Power Corporation (NamPower) has awarded a N$1.4 billion contract to a Chinese joint venture to build a 100-megawatt (MW) solar power plant. The engineering, procurement and construction (EPC) contract for the Rosh Pinah photovoltaic (PV) project was signed…

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Namfisa hosts Zimbabwe’s securities and capital markets regulator

The Namibian Financial Institutions Supervisory Authority (Namfisa) hosted a three-member delegation from the Securities and Exchange Commission of Zimbab­we. The delegation, headed by director for licensing, supervision, and surveillance Norman Maferefa, aimed to gain insights into Namfisa’s operations, specifically its…

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Chinese company, NamWater to build Namibia’s largest desalination plant

China General Nuclear Power Group (CGN) has confirmed plans to build Namibia’s largest seawater desalination plant.This will be in collaboration with NamWater, following approval from the Namibian government. According to NamWater, the joint venture will involve CGN’s Namibian subsidiary, Swakop…

The Brief