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Gold rush by African central banks carries liquidity and price risks, says Fitch’s BMI unit

Gold rush by African central banks carries liquidity and price risks, says Fitch’s BMI unit

Nairobi — Sub-Saharan African central banks that have added gold to their reserves in recent years could face price and liquidity crises if the value of the precious metal slides, BMI, a unit of Fitch Group, said on Wednesday. Ghana, Tanzania and...

Clean-up day at Windhoek’s Single Quarters sparks smiles, gripes and calls for better toilets

Clean-up day at Windhoek’s Single Quarters sparks smiles, gripes and calls for better toilets

A clean-up campaign was held at Single Quarters, also known as Oshetu Community Market, in Windhoek on Wednesday. The event was organised by the City of Windhoek, which says the market undergoes a thorough cleaning every Wednesday to maintain a...

Eenhana Expo a Call for Local Enterprise Growth

Eenhana Expo a Call for Local Enterprise Growth

By: Patemoshela Lukolo The 15th Eenhana Expo officially opened this week under the theme ‘Advancing Innovation and Diversification,’ positioning itself as a platform for inclusive growth and strategic economic engagement in northern Namibia....

Mapping organized criminal economies in East and Southern Africa

Mapping organized criminal economies in East and Southern Africa

East and Southern Africa (ESA) is a pivotal node for organized crime, connecting regional criminal markets to global networks. From the shores of Somalia to border crossings and international air and seaports in Ethiopia, Kenya, Tanzania,...

Namibia Bets Big on Green Energy to Fuel Economic Comeback

Namibia Bets Big on Green Energy to Fuel Economic Comeback

Namibia is charting a bold path to reclaim its upper-middle-income status after a recent World Bank downgrade. President Netumbo Nandi-Ndaitwah has unveiled a national plan targeting 7% annual economic growth and a $6,000...

UAE's non-oil foreign trade hits $462.8bn in first half, defying trends

UAE's non-oil foreign trade hits $462.8bn in first half, defying trends

The UAE's non-oil foreign trade rose by 24 per cent annually in the first six months of 2025, bucking the global trend as the Emirates continues to diversify its economy and forge trade deals across continents. The value of aggregate non-oil...

Market Recap 21 to 27 July 2025

Market Recap 21 to 27 July 2025

The Namibian Stock Exchange presented investors with divergent signals this week as the NSX Local index posted a modest gain of 0.11% to close at 749.3 points, while the NSX Overall Index retreated 0.60% to finish at 1792.1 points. Market...

Namibia’s Offshore Oil Dreams Are Taking Shape

Namibia’s Offshore Oil Dreams Are Taking Shape

Portugal’s Galp Energia has begun receiving offers for its massive Mopane oil discovery off Namibia’s coast, signaling that one of Africa’s most promising new hydrocarbon frontiers could be edging closer to commercial production. The company told...

Financial stress is the new normal

Mignon du Preez For over half of Namibia’s working force, pressure is an immediate reality and not a short-term phenomenon. 52% of Namibian employees report that they are under stress financially, according to the 2024 Old Mutual Financial...

Okutoyi banks on superb preparations to deliver at the Billie Jean tourney

Okutoyi banks on superb preparations to deliver at the Billie Jean tourney

Africa Games tennis champion, Angela Okutoyi/ FILE Fresh from winning a silver medal at the World University Games in Germany, the Africa Games champion Angela Okutoyi has her sights on leading the country to glory at the Billie Jean King Cup...

USAFRICOM deepens security ties with Namibia

USAFRICOM deepens security ties with Namibia

In a move to reinforce growing ties between the United States and Namibia, two top leaders from the United States Africa Command (USAFRICOM) recently visited the African country to boost security cooperation and civil-military engagement in the...

40% of Namibians suffer financial stress

40% of Namibians suffer financial stress

Ngurare opens up about almost taking his life Financial stress is increasingly affecting the mental health of Namibians, with experts linking economic hardship to rising cases of anxiety and depression. About 40% of Namibians earning N$3 000 or...

Namibia to roll out green finance, expand capital markets under new strategy

WINDHOEK, July 29 (Xinhua) -- Namibia will introduce new green finance products, expand domestic capital markets, and modernize its financial infrastructure by 2035 as part of its long-term financial sector reform strategy. The government's...

Nova Actus: City’s commercial arm still dormant amid land backlog

Nova Actus: City’s commercial arm still dormant amid land backlog

The City of Windhoek has confirmed that Nova Actus Holding Company, its commercial arm announced in 2021 as a vehicle to fast-track land and housing delivery, has been fully regist... If you are an active subscriber and the article is not showing,...

The Hague Group: Namibia’s Principled Stand on International Law and the War in Gaza

The Hague Group: Namibia’s Principled Stand on International Law and the War in Gaza

This article discusses Namibia’s response to the rulings of the International Court of Justice (ICJ) and the International Criminal Court (ICC) on the ongoing conflict in Gaza. The ICJ is the principal judicial organ of the United Nations. It...

Anton Lubowski memorial lecture returns to Namibia

Anton Lubowski memorial lecture returns to Namibia

The family of the late Namibian liberation figure and anti-apartheid activist Anton Lubowski has announced that this year’s Anton Lubowski Memorial Lecture (ALML) will be held in Namibia. The announcement comes ahead of the 36th anniversary of...

US general meets Kapofi over jihadist threat near Namibia

US general meets Kapofi over jihadist threat near Namibia

The United States (US) military has raised concern over jihadist groups and drug cartels operating near Namibia’s borders, following high-level talks with minister of defence and veterans affairs Frans Kapofi. US Africa Command (Africom)...

Future of Business Conference set for August

Erasmus Shalihaxwe Nedbank Namibia will host its first-ever Future of Business Conference next month at Droombos in Windhoek. The event targets owner-managed businesses, emerging startups, and small and medium enterprises (SMEs), with a focus on...

St. Kitts and Nevis Addresses Global Trade Challenges and Explores Regional Solutions

by Kevon Browne St. Kitts and Nevis (WINN)—At a recent Prime Minister Press Conference, Minister of Foreign Affairs and International Trade, Rt. Hon. Dr. Denzil Douglas provided insight into the significant impact the shifting global trade...

NNN engineered needed economic, national, and sustainable goals

Josef Kefas Sheehama The President of Namibia, Her Excellency Dr. Netumbo Nandi-Ndaitwah, has my sincere gratitude for the excellent accountability report she delivered during her first ninety days in office. Prior to Vision 2030, Namibia launched...

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