A significant portion of Namibians are hesitant to invest, and many who can invest avoid taking risks. This is contained in the 2023 Old Mutual Financial Services Monitor (OMFSM) availed to Nampa on Monday, which indicates that 37% of Namibians are unwilling to engage in any investment risks. This cautious approach is particularly common among […]
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has resolved 268 complaints of the 691. This is contained in the 2023/2024 annual report. With different markets emerging every day and microlenders on the rise, NAMFISA was able to resolve over 620 cases. This represents a decrease in the resolution rate, compared with 95% in 2022. The […]
Namibia Breweries Limited (NBL) announced its condensed consolidated interim financial results for the period ended 30 June 2024, with a net revenue increase of over N$4 billion. NBL’s diversified portfolio has yielded positive results, with volume growth in all beverage categories. This comes as the company continues to manage cash efficiently given high capital expenditure, […]
The Windhoek Agricultural and Industrial Show (WAIS) can be traced back to 1899 when the first show was held on the 2nd and 3rd of June. The origins of the event pride themselves on the agricultural sector, being the earliest backbone and supporting structure of the local economy. The first Windhoek Agricultural Show in the […]
The 7th annual Rundu Annual Trade Fair (RATF) is set to take place from the 25th of October to the 2nd of November. Working to the realisation of the nine-day trade programme, at least more than N$900,000 was raised during the gala dinner. The dinner also served as a platform for engagement, fostering collaboration and […]
Petrol prices and those of both diesel grades will go down by N$1 per litre, effective 2 October. The Ministry of Mines and Energy announced that the petrol price at the pump in Walvis Bay will adjust to N$20.25 per litre, diesel 50 ppm will be N$19.72 per litre, and diesel 10 ppm will be […]
A groundbreaking ceremony for a 10,500-cubic-meter liquefied petroleum gas (LPG) storage facility was conducted by Erongo Liquid Petroleum Gas Terminal at Walvis Bay. The project will be established at Farm 39. LPG is an environmentally friendly fuel compared to paraffin and wood. The 100% Namibian-owned company’s terminal will supply the Namibian market and neighbouring […]
The Namibia Statistics Agency (NSA) launched the pilot of the Namibia Household Income Expenditure Survey at Otjiwarongo to be conducted in eight regions of the country. The study will be carried out in the Erongo, Hardap, Kavango West, Khomas, Kunene, Omaheke, Omusati, and Zambezi regions from 30 September to 20 October. Speaking at the launch […]
The National Housing Enterprise (NHE) marked a significant milestone in presenting its long-awaited financial report at its Annual General Meeting. The report, which includes audited financial statements from 2017 to 2023, represents a major step forward in the entity’s efforts to bring its financial records up to date. The backlog in financial reporting had been […]
The Namibia Financial Institutions Supervisory Authority (NAMFISA) has made revenue amounting to N$279,5 million with expenditure of N$254,7 million during the 2023/2024 posting profit of N$24 million. The Chief Executive Officer of the NAMFISA, Kenneth Matomola, described the authority’s financial status as stable. Matomola says the authority has seen a levy income amounting to N$255,5 […]
