The Brief

The Brief


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Almost half of Namibians struggle to pay bills and loans

The Transunion Consumer Pulse Index says 49% of Namibian consumers anticipate difficulties meeting their existing bills and loans. This is despite a 20% increase in income, compared to the third quarter of 2024. “Despite an overall decrease in consumer inflation…

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Namibia-Botswana trade worth N$20b in 2023

Namibia and Botswana’s trade value amounted to approximately N$20 billion in 2023, Namibia Chamber of Commerce and Industry president Bisey /Uirab has revealed. Namibia’s key export products to Botswana include diamond mineral products, petroleum products, livestock, dairy, poultry, other agricultural…

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Namibia records surge in commercial agricultural land prices

Namibia’s commercial agricultural land market has witnessed a 21,1% surge in prices over the past eight years, the Namibia Statistics Agency (NSA) reveals This translates to a national index of 121,1 basis points in 2023, signifying a steady upward trend.…

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Namibia urged to manage money better for growth

Namibia has been called on to improve the way it uses funds to enhance its economic competitiveness and capitalise on available opportunities. Ninety One founder and chief executive Hendrik du Toit urged stakeholders at the recent Nasia Networking Series event…

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Namibia’s deficit widens to N$11,4b in first quarter

Namibia’s current account deficit widened to N$11,4 billion during the first quarter of this year. This is up from N$8 billion recorded a year earlier, official figures show. This means the country imports a lot more than it exports, compared…

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Omaruru to introduce smart metering

Mobile Telecommunications Company (MTC) and the Municipality of Omaruru have signed an agreement to pave the way for improved connectivity and the implementation of a smart meter network for water management at the town. “This technology will improve efficiency for…

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Over 460 delegates to convene in Windhoek for Ahif 2024

The Namibia Investment Promotion and Development Board (NIPDB) says over 460 delegates from 41 countries, including investors, business leaders, government officials and industry experts, are expected to attend the Africa Hospitality Investment Forum (Ahif) 2024 to be held in Windhoek.…

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Savanna Beef secures N$150m loan for abattoir construction

Savanna Beef secured a N$150 million loan this month to finance the construction of a state-of-the-art export abattoir. The development comes after a collaborative effort spearheaded by the Beef Value Chain Forum (BVCF) and facilitated by Cirrus Capital. According to…

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Global Fund provides N$6,9b health funding to Namibia

The Global Fund has allocated a total of US$372 million (N$6,9 billion) since 2004 to support Namibia’s healthcare system in its fight against HIV, tuberculosis (TB) and malaria. According to recent data, allocations for specific periods include U$111 293 124…

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GIPF still considering oil and gas investments

The Government Institutions Pension Fund (GIPF) says it has not yet made a final decision regarding an investment in oil and gas. “At this point in time, there are no firm decisions to place particular investment in oil and gas,…

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