Top business stories of 2025

1. Pep Stores’ acquisition of Big Daddy Clothing and OK Furniture approved

The Namibian Competition Commission has officially approved the merger allowing Pep Stores Namibia to acquire Big Daddy Clothing, marking a significant expansion in the retail sector. Additionally, Pepkor Holdings’ subsidiary, JD Financial Services, has completed the purchase of OK Furniture and its assets, including the Furniture Debtors Book from OK Bazaars Namibia. These developments strengthen Pep Stores’ position as a leading retail powerhouse in Namibia.

2. GIPF increases monthly pension payouts by 4% to match inflation

The Government Institutions Pension Fund (GIPF) has announced a 4% increase in monthly pension payouts, effective from 1 April, to keep pace with Namibia’s current inflation rate. This move aims to enhance the financial security of over 55 000 pensioners, who currently receive an average monthly pension of N$330.4 million, totaling more than N$3.9 billion annually. GIPF chief executive Martin Inkumbi emphasises that the adjustment is part of the fund’s commitment to supporting retirees’ livelihoods.

3. Namibia’s national debt reaches N$165.9 billion, approaching IMF benchmarks

AS of February, Namibia’s total national debt stood at N$165.9 billion, equivalent to approximately 62% of the country’s gross domestic product (GDP). This level of debt raises concerns among policymakers, as the International Monetary Fund recommends a debt-to-GDP ratio of around 60% for developed nations and 40% for emerging economies. Experts warn that managing this debt will be crucial for Namibia’s economic stability moving forward.

4. Bank of Namibia launches commemorative banknote in honour of Hage Geingob

The Bank of Namibia has unveiled a special banknote to honour former president Hage Geingob’s legacy. Announced by central bank governor Johannes !Gawaxab, the note celebrates Geingob’s remarkable leadership and Namibia’s progress under his tenure. The commemorative note serves as a symbol of national pride, a tool for educating future generations, and a lasting tribute to the values he championed.

5. MTC’s ‘buy now, pay later’ Taamba loan sparks industry debate

Mobile Telecommunication Limited, in partnership with Letshego, has launched the Taamba Maris Instant Loan, offering customers loans from N$100 to N$1 500. This innovative service, aimed at providing short-term credit for essentials like weddings, funerals, furniture, airtime, and electricity, has sparked debate about the growth of the ‘buy now, pay later’ industry in Namibia. Interest rates vary from 14% for seven days to 22% for 30 days, with no collateral required.

6. Youth business fund offers unsecured loans to promote entrepreneurship

Prime minister Elijah Ngurare has announced that the newly launched National Youth Development Fund will provide loans without collateral to young entrepreneurs. The fund aims to bridge market access gaps and support youth-led businesses, offering a grace period of up to 12 months to allow startups to grow before repayment begins. This initiative is seen as a major step toward youth empowerment and economic diversification.

7. Namibia to revise interbank lending rates with new policy

The Bank of Namibia has revealed plans to overhaul the country’s interest rate system by replacing the Windhoek Interbank Agreed Rates with a new standardised lending policy. The move is intended to modernise the financial market and improve transparency in how interest rates are set on loans for homes, vehicles, and other credit facilities. The central bank has yet to announce the new benchmark rate, signaling a significant shift in Namibia’s banking landscape.

In an age of information overload, Sunrise is The Namibian’s morning briefing, delivered at 6h00 from Monday to Friday. It offers a curated rundown of the most important stories from the past 24 hours – occasionally with a light, witty touch. It’s an essential way to stay informed. Subscribe and join our newsletter community.