Business & Economy
Markets, mining, fintech and the macro forces shaping Namibian commerce.
OBSERVER COASTAL | Local businessman donates 1,500 sanitary pads to Erongo governor’s office
Renthia Kaimbi Benguela Petroleum Supplies, a Namibian-owned company based in the Erongo Region, has donated 1,500 sanitary pads valued at nearly N$30,000 to the Office of the Erongo Governor. The donation followed a courtesy visit aimed at aligning the company’s future plans with regional development priorities, particularly youth unemployment. The donation was made in collaboration […]
NaCC yet to receive Ninety One-Sanlam Allianz merger plans
Ninety one Namibia and Sanlam Allianz Namibia’s plan to combine their asset management businesses has yet to be filed with the Namibia Competition Commission (NaCC). Ninety One Namibia and Sanlam Allianz yesterday announced plans to combine their active asset management businesses. NaCC spokesperson Dina //Gowases tells The Namibian that the commission had not received any […] The post NaCC yet to receive Ninety One-Sanlam Allianz merger plans appeared first on The Namibian .
Namibia has N$14.5 billion value addition opportunity
Namibia has an opportunity to unlock approximately N$14.5 billion in new manufacturing and value-addition activities, according to an analysis by Simonis Storm, which says the country's widening trade deficit highlights the urgency of industrialisation efforts.
Home ownership – interest versus affordability
The Bankers Association of Namibia (BAN) noted that the public discussions on home ownership and housing, raises important questions around affordability, access and the structure of home loans in Namibia, and they welcome this. Chief Executive of BAN, Dantagos Jimmy said this is an important national conversation. “By improving financial literacy and strengthening collaboration between […]
Sea transport carried good worth N$3.8 billion in April
Sea transport remained Namibia's leading export channel in April 2026, carrying goods worth N$3.8 billion and accounting for 39% of the country's total exports, according to the latest Namibia International Merchandise Trade Statistics Bulletin.
Ernest Hamukwaya heads blue bank’s Risk Governance and Reporting
Chartered Accountant Ernest Hamukwaya has been appointed as Standard Bank Namibia’s Head of Risk Governance and Reporting, bringing a wealth of leadership experience to the bank’s management team. According to the bank, Hamukwaya previously served as Head of Finance and Governance at FirstRand Namibia. His career also includes significant international exposure through Deloitte in both […]
Simonis Storm cuts MTC rating to ‘Hold’
Mobile Telecommunications Limited (MTC) remains a strong income-generating stock with a dominant position in the Namibian telecommunications market, but rising costs are beginning to weigh on profitability, according to stockbroking firm Simonis Storm Securities.
New fund aims to turn small businesses into big players
Namibian small businesses can now apply for grants of between N$50 000 and N$100 000 under a new small and medium enterprise (SME) fund. The fund aims to help businesses grow, create jobs and become more competitive. The fund was launched through the Promotion of Small and Medium Enterprises Development in Namibia Project, a partnership […] The post New fund aims to turn small businesses into big players appeared first on The Namibian .
Ongwe uncovers 5km gold zone at Omatjete
Canadian-listed gold exploration company Ongwe Minerals has announced the discovery of a new five-kilometre-long gold-in-soil anomaly (zone) at its Nguni prospect, located approximately 17 kilometres from the company's existing Manga gold discovery at the Omatjete Gold Project.
FNB awarded as Africa’s Best SME Bank for 2026
The Global Finance Awards have recognised First National Bank (FNB) as Africa’s Best SME Bank for 2026, making them Africa’s largest and most accessible SME banking partner and a key driver of economic growth across the continent. The bank said, across the continent, small and medium enterprises continue to power economies, sustain livelihoods and redefine […]
Navachab takes steps to establish underground mining operations
QKR Namibia Navachab Gold Mine is taking important steps toward establishing underground mining operations as part of its long-term strategy to sustain and expand production.
Transport Nightmares
This week’s uproar over speed humps on Windhoek’s Western byypass has exposed more than a traffic bottleneck – it has laid bare a deeper urban transport crisis that is punishing commuters, especially the poor. The measure was introduced to protect pedestrians who cross the highway illegally, posing a danger to themselves and to motorists. But […] The post Transport Nightmares appeared first on The Namibian .
African Aquaculture Company secures N$40 million local investment
Allexer Namundjembo The African Aquaculture Company (AAC) has welcomed Omankete Investment as the first Namibian private investor in its offshore salmon farming project, in a deal valued at N$40 million. AAC last Wednesday said the investment signals the Namibian private sector’s readiness to contribute to the indigenisation and development of the emerging salmon industry, while […]
Sintana willing to sell interest in Mopane for ‘right price’
Sintana Energy’s management says it would be open to selling its exposure to petroleum exploration licence 83, which is the site of the massive Mopane oil discovery. Sintana is a Canadian oil exploration company with an indirect interest in six petroleum exploration licences (PELs) through its partial ownership of companies owned by Namibian businessman Knowledge […] The post Sintana willing to sell interest in Mopane for ‘right price’ appeared first on The Namibian .
Trade deficit reached N$4.4 billion in April
Namibia recorded a trade deficit of N$4.4 billion in April 2026, as imports continued to exceed exports, according to Statistician-General and Namibia Statistics Agency chief executive officer, Alex Shimuafeni.
U.S., Iran trade new round of strikes
TEHRAN, June 11 — Iran’s Islamic Revolution Guard Corps (IRGC) said on Thursday that it…
Andrada confirms high-grade lithium results from drilling programme
Andrada Mining Limited says it has confirmed new high-grade lithium mineralisation from its Lithium Ridge Project in Namibia following the latest batch of drilling results.
Murder accused allegedly laundered money through grandmother’s bank account
Murder accused Petrus Shikwaya (22) allegedly laundered money through his grandmother’s bank account, the Ondangwa Magistrate’s Court heard during his bail hearing on Wednesday. The allegation surfaced during a cross-examination by prosecutor Yukai Kangira, who questioned Shikwaya about his relationship with Hilma Uutsi (65). Shikwaya is one of six men accused of orchestrating and carrying […] The post Murder accused allegedly laundered money through grandmother’s bank account appeared first on
ReconAfrica begins production testing at Kavango West discovery well
Canadian oil and gas exploration company, ReconAfrica has commenced production testing operations at its Kavango West 1X (KW1X) discovery well in Namibia, marking a significant step in assessing the commercial viability of hydrocarbons in the Damara Fold Belt.
Bank Windhoek pushes for digital innovation in the SME sector
Bank Windhoek reinforced its commitment to empowering local Small and Medium Enterprises (SMEs) by launching an enhanced value proposition aimed at boosting digital capabilities, securing payment solutions, and providing relationship-led business support. Speaking at the Bank Windhoek Coffee Extravaganza and SME Value Proposition launch last week, Managing Director James Chapman emphasized that digital innovation is […]
Green entrepreneurs invited to pitch for funding
Green entrepreneurs in Namibia are being encouraged to enter the 2026 FNF Afri GreenPitch Challenge, a continental competition designed to support and scale innovative small and medium enterprises (SMEs) in the green economy.
Tsumeb gears up for inaugural street market
OMUTHIYA – The Tsumeb Municipality will host its inaugural street market later this month to create a vibrant platform where local buyers and sellers can connect, trade and support one another. The two-day event, scheduled for 26-27 June 2026 at the Benjamin Kheimseb Community Hall, is aimed at stimulating local economic activity, generating income opportunities... The post Tsumeb gears up for inaugural street market appeared first on New Era .
Opinion – Don’t let cyber-attacks be the legacy of your organisation
Peter Karon We recently saw headlines in regional newspapers about another major cyber-attack disrupting African corporate IT infrastructure. These attacks are not isolated incidents and are on the rise. Namibians are rapidly embracing the digital age, accessing the internet across a variety of personal and corporate devices. While this digital shift is excellent news for... The post Opinion – Don’t let cyber-attacks be the legacy of your organisation appeared first on New Era .
Capricorn group renews backing for women’s cricket … with N$1.2 million investment
Women’s cricket in Namibia received another significant boost yesterday after Capricorn Group announced the renewal of its strategic partnership with Cricket Namibia (CN), extending a relationship that has become instrumental in the growth and success of the women’s game. The renewed agreement, which runs from 1 June 2026 until 31 May 2028, will see Capricorn... The post Capricorn group renews backing for women’s cricket … with N$1.2 million investment appeared first on New Era .
Nabta back to business with digital plan
Abraham Mwanyekange ONGWEDIVA – The Namibia Bus and Taxi Association (Nabta) has resumed full operations after resolving a compliance issue with the Office of the Labour Commissioner. Nabta’s secretary general Pendapala Nakathingo confirmed that the association was reinstated after successfully submitting its outstanding financial report last month. The association was among seven trade unions and... The post Nabta back to business with digital plan appeared first on New Era .
Nangolo to trade blows against experienced Zamba
Bantamweight boxer Joy Nangolo will step into the ring against experienced opponent Gabriel Zamba for the national bantamweight title at the Multipurpose Centre at Swakopmund on 24 July. MTC Nestor Sunshine Tobias Boxing and Fitness Academy founder Nestor Tobias say although Nangolo will square off against Zamba, he fancies the former to come out on […] The post Nangolo to trade blows against experienced Zamba appeared first on The Namibian .
NAMCOR welcomes new oil discovery – Namibia’s confidence as an emerging global oil hotspot boosted
The National Petroleum Corporation of Namibia (NAMCOR) has welcomed the announcement of yet another oil discovery offshore Namibia. The discovery, made by partners QatarEnergy on the Merlin-1X exploration well within Petroleum Exploration License 39 (PEL 39) in the deep-water Orange Basin, marks another significant breakthrough in Namibia’s rapidly expanding upstream sector. “Together with our joint […]
Geingos urges young journalists to embrace long-term impact of storytelling
Former first lady and One Economy Foundation founder Monica Geingos urges young journalists to view their work as a long-term contribution to social change rather than a tool for immediate transformation. Geingos made the remarks during an orientation session for the 2026 One Economy Foundation Media Fellowship Programme in Windhoek on Wednesday, where fellows from […] The post Geingos urges young journalists to embrace long-term impact of storytelling appeared first on The Namibian .
First gentleman urges boys to take education seriously
First gentleman Epaphras Ndaitwah says boys lacking behind in education should no longer be viewed as an order of business in society. Ndaitwah said this during a first-of-its-kind community engagement regarding boys, spearheaded by his office, at Katima Mulilo on Tuesday. The aim of the initiative is to foster positive masculinity, where boys and young […] The post First gentleman urges boys to take education seriously appeared first on The Namibian .
Ninety One, Sanlam Allianz partner to create Namibian Asset Management powerhouse
Ninety One Namibia and Sanlam Allianz Namibia signed a strategic relationship agreement this week to combine their active asset management businesses. The proposed transaction aims to combine their respective active asset management businesses in Namibia. According to a joint statement, the transaction will be subject to various suspensive conditions, including shareholder and regulatory approvals. This […]
Chop goes the Hartlief shop
OL GROUP has announced the closure of Windhoek’s Hartlief Shop and Bistro on 15 July to cut costs and focus on core meat-processing operations. The company yesterday announced that it did a review of Hartlief’s operations over the past year, finding that the shop and bistro in Windhoek’s Northern Industrial Area was operating outside the […] The post Chop goes the Hartlief shop appeared first on The Namibian .
Andrada finds more high-grade lithium
Andrada Mining has reported new high-grade lithium results from its Lithium Ridge project in the Erongo region. The latest drilling confirmed that lithium mineralisation extends deeper underground than previously identified. Andrada announced the results yesterday as part of an exploration programme being carried out with its partner, SQM. The latest results come from six additional […] The post Andrada finds more high-grade lithium appeared first on The Namibian .
Regional airports not making profit – NAC
Namibia’s regional airports continue to operate at a loss despite ongoing investment in their maintenance and development. Namibia Airports Company (NAC) spokesperson Dan Kamati says the Ondangwa, Rundu, Lüderitz, Keetmanshoop and Katima Mulilo airports remain unprofitable. “Regional airports in Namibia are all operating at a loss. Hosea Kutako International Airport is the only one operating […] The post Regional airports not making profit – NAC appeared first on The Namibian .
Excavation firm claims Karibib owes N$300 000
A company has accused the Karibib Town Council of failing to pay more than N$300 000 for excavation work carried out for the local authority last year. The company, Mwisha Investment, claims the council owes it N$99 480 from an initial excavation contract worth N$315 000, as well as an additional N$275 000 for extra […] The post Excavation firm claims Karibib owes N$300 000 appeared first on The Namibian .
Trip Cancellation Insurance a Must for Travellers
Nothing in life is certain, and unfortunately, a lot can go wrong in the lead-up to an important holiday or trip. Whether it’s a sudden illness, a family emergency, or severe weather, cancelling a trip can be stressful, especially if you’ve invested in non-refundable bookings. Ensuring you have the right travel insurance cover in place […] The post Trip Cancellation Insurance a Must for Travellers appeared first on The Namibian .
Telecom launches business overhaul
Telecom Namibia has appointed Synercap Capital to lead its strategic transformation and restructuring programme. The programme aims to reposition Telecom in a changing digital economy. The state-owned telecommunications company made the appointment announcement yesterday. The programme will include a full assessment of the company’s organisational structure, infrastructure assets, operations and financial position. Outgoing Telecom Namibia […] The post Telecom launches business overhaul appeared
Namibia’s state oil firm welcomes new offshore oil discovery
WINDHOEK, June 10– Namibia’s state-owned oil company, the National Petroleum Corporation of Namibia (NAMCOR), on…
Life cover protects the financial future of the people that depend on us
By Delvarado Lewin, Financial Adviser at SanlamAllianz. “Many people spend more time planning their next holiday than they do planning for their family’s financial future.” It is a statement that may sound uncomfortable, but it highlights an important reality. Life is unpredictable. We all know this, yet most of us live as though tomorrow is […]
RigFit equips youth for oil, gas industry
A training programme launched in Walvis Bay is helping young Namibians acquire skills and knowledge for careers in Namibia’s growing oil and gas industry. The programme, called RigFit, began in May this year through a partnership between Gen X Youth Leaders Training, Trinity Offshore Construction and Sheq Seventy-Four Seven Investment CC. The initiative provides training for... The post RigFit equips youth for oil, gas industry appeared first on New Era .
SMEs’ spotlight with Pricilla Mukokobi – Fast food craving leads to thriving gadget business
Every afternoon after school, Matheus Nampindi Werner walked past KFC with an empty pocket and a hungry stomach. Rather than asking for money, he sought a way to earn it. That decision led him to sell phone chargers for profit, laying the foundation for a business that now employs four people and serves customers across... The post SMEs’ spotlight with Pricilla Mukokobi – Fast food craving leads to thriving gadget business appeared first on New Era .