Category: World Business Reports
SACU to bring N$24 billion to Namibia’s budget
Tiri Masawi
Namibia is set to receive N$24.3 billion from the Southern African Customs Union (SACU) in the 2026/27 financial year, up from N$21.8 b [...]
Namibia launches investment guide
STAFF WRITER
Namibia has launched an investment guide - a move described by the Minister of International Relations and Trade Selma Ashipala Mausvy [...]
One in every four people who borrow from DBN, don’t repay
TIRI MASAWI
Nearly one in four people who borrowed money from the Development Bank of Namibia (DBN) is not paying it back.
The bank’s own figur [...]
Namcor appoints Ndafyaalako as acting managing director
STAFF WRITER
The National Petroleum Corporation of Namibia (Namcor) has appointed executive upstream development and production, Mtundeni Ndafyaal [...]
Two dead after Rovos Rail passenger train derails near Keetmanshoop
STAFF WRITER
Two people have died following a tragic rail accident involving a passenger train operated by Rovos Rail, according to TransNamib.
[...]
Politicians get N$58 million pay increase as government debt rises
TIRI MASAWI
The government has set aside N$58 million to improve the salaries and benefits of politicians and other public office bearer [...]
Education, health takes more than half of N$81.3 billion budget
TIRI MASAWI
Minister of Finance, Ericah Shafudah announced an operational budget of N$81.3 billion for the financial year 2026/27 with social sec [...]
De Beers worry of synthetic diamonds threat on natural stones
TIRI MASAWI
De Beers Group Chief Executive Officer, Al Cook says synthetic diamonds are posing a real threat to natural diamonds world wide.
H [...]
Capricorn Group profits dip to N$920 million
STAFF WRITER
Capricorn Group shareholders will smile all the way to the bank after the financial institution posted N$920 million profit [...]
NamPort plays down Itula’s corruption allegations in N$3 Billion Luderitz oil, gas base
TIRI MASAWI
The Namibian Ports Authority (Namport) Chief Executive Andrew Kanime has played down allegations of mishandling and potential corrupti [...]