In his first six months in office, President Nangolo Mbumba has navigated Namibia through a period of profound change and challenge following the passing of his predecessor, Dr Hage Geingob, in February 2024. Reflecting on this transition, President Mbumba has demonstrated a steady hand in guiding the nation through mourning and uncertainty, steering the country [...]
The Bank of Namibia's fourth monetary policy announcement of the year took many by surprise, as the central bank opted to reduce the interest rate by 25 basis points, lowering the repo rate to 7.50% and the prime rate to 11.25%. This marks the first rate cut since the hiking cycle began in June 2022, [...]
Article by Business Express The upcoming African Energy Week (AEW): Invest in African Energy conference – Africa’s premier event for the energy sector, taking place this November in Cape Town – will host a series of country-specific spotlights, showcasing investment opportunities across Africa’s leading energy markets including Namibia. Spotlight sessions will highlight projects seeking investment, [...]
Article by: Business Express EMPRETEC Namibia which first trained entrepreneurs on 16 October 2019 has now trained close to 2000 entrepreneurs of which about 30% were vulnerable categories, Minister of Industrialisation and Trade, Lucia Iipumbu has said. EMPRETEC Namibia, is a collaboration between the Ministry and UNDP Namibia with the aim to train MSMEs and larger [...]
Economic Pulse – March 2024 His Excellency Dr Hage Geingob embarked on his presidency in 2015 amidst a wave of public support, having secured 86% of the presidential vote in 2014. However, with Geingob’s inauguration as the third president of Namibia, he inherited an overheated economy rapidly running out of steam. While Namibia had been [...]
29/02/2024 DBN Executive for Marketing and Corporate Communication, Jerome Mutumba, talks about the mutual responsibilities of lending and borrowing In the wake of the repeated calls for write-offs of loan repayments for small and medium enterprises issued with the purpose of enhancing Namibia’s development, economic activity and prosperity, Development bank of Namibia (DBN) Executive for [...]
01 March 2024 By Daniel Munyanya, Final Year Student, University of Namibia Introduction: Empowering Communities for Sustainable Futures Nestled within Namibia’s communal lands lies a beacon of hope for both people and wildlife: The Integrated Rural Development and Nature Conservation (IRDNC). As a final year student at the University of Namibia, my internship journey with [...]
David Nuyoma, Group CEO of Capricorn Group 15 November 2023 The Chairman of the Capricorn Group Board, Mr. Gerhard Fourie, announced that the recruitment process for the position of Group CEO of Capricorn Group has been successfully concluded. The Capricorn Board has approved the appointment of Mr. David Nuyoma as [...]
NIPDB Investor One-Stop Centre In the realm of investment, convenience and efficiency reign supreme, and this is precisely the driving force behind the newly introduced One Stop Centre (OSC), a game-changing initiative by the Namibia Investment Promotion and Development Board (NIPDB). In a bold stride towards enhancing Namibia's business landscape, the OSC aims to revolutionise [...]
In Namibia, potential investors have the option of choosing which business vehicle best suits their needs in the country. Domestic business vehicles are either a private company, a public company, or a close corporation (i.e., depending on the complexity of the company ownership structure and the sector the investor wishes to operate in). Investors may [...]
