Walvis Bay shuttle drivers have expressed frustration and anger towards Windhoek-based tourism agencies for “monopolising bookings and leaving fewer customers for smaller shuttle services in the township.” This is despite the influx of tourists brought in by cruise liners. Walvis Bay, a key destination, sees a significant number of international passengers arriving on cruise ships. […]
The tourism officer for the Erongo and Kunene regions, Suama Nambala, has highlighted the immense contribution cruise lines make to Namibia’s growing tourism sector, emphasising their vital role in providing a much-needed economic boost to the country. Nambala said Namibia’s stunning coastal landscape and unique wildlife have helped the country become a sought-after destination for […]
The mining and quarrying sector saw a 1.2 percent decline in real value added in 2024, compared to a 19.3 percent increase in 2023. As reflected in the 2024 National Accounts publication, this slowdown was mainly due to a 3,7 percent drop in diamond mining, driven by weakened global demand. The diamond mining subsector experienced […]
The Namibia Revenue Agency (NamRA), in collaboration with the Organisation for Economic Co-operation and Development (OECD) and the United Nations Development Programme (UNDP), have launched Tax Inspectors Without Borders in Namibia. The programme is aimed at raising additional revenue for developing countries and building capacity in international tax audits. The programme is designed to address […]
The much-anticipated Dr. Hage Geingob N$60 commemorative banknote is officially in circulation. The banknote, which was launched two weeks ago, can now be accessed by the public. It symbolises and celebrates the legacy of the late President as well as honours his contribution to Namibia’s independence, nation-building, and development. The N$60 banknote has now been […]
Namibia has begun trading under the African Continental Free Trade Area (AfCFTA) following the completion of its Provisional Schedules of Tariff Concessions (PSTC). This development enables Namibian businesses to engage in trade more easily with countries such as Cameroon, Egypt, Ghana, Kenya, Rwanda, and Tunisia through preferential tariff agreements that reduce trade barriers. In 2024, […]
The Namibian Competition Commission (NaCC) has warned that no individual or group may proceed with a merger without approval from the Commission. Implementing a merger without approval violates the merger provisions of the Competition Act. The NaCC has emphasised that such actions will have consequences for those involved. A merger occurs when one or more […]
The Development Bank of Namibia (DBN) has announced the immediate resignation of its Chief Executive Officer, Dr. John Steytler. He was appointed in September 2023. The Board has initiated the recruitment process for a new CEO, and in the interim, John Mbango, Head of Coverage and Large Transactions, has been appointed as Acting CEO until […]
President Nangolo Mbumba has emphasised Namibia’s commitment to transitioning from its 100% reliance on fossil fuels towards renewable energy sources, including solar, wind, and thermal energy. Speaking at the inauguration and renaming ceremony of the 300 million Khan Solar Power Plant to Moses Mague ||Garoëb Solar Plant, Dr. Mbumba outlined the strategic shift as part […]
Social justice activist Shaun Gariseb is concerned about NamPower’s proposed bulk tariffs of over 17%, saying the increase will have a negative impact on vendors who will be forced to mark up their prices. Gariseb suggested that the Electricity Control Board (ECP) look into ways to engage with communities before crucial decisions are made regarding […]
