Direct economic value generated and distributed in Namibia for the year 2023 by Bannerman Energy amounted to nearly N$29 million, the miner revealed recently. Of this, the biggest spend went to goods and services acquired from Namibian suppliers which totalled approximately N$17 million. This was closely followed by employee costsContinue Reading

TransUnion released new findings today highlighting e-commerce fraud that occurred during the start of the 2023 holiday shopping season, from the Thursday before Black Friday to Cyber Monday. Based on proprietary insights from TransUnion’s global device risk consortium, the average number of suspected digital fraud attempts on any given dayContinue Reading

Telco, Mobile Telecommunications Limited (MTC) which is the largest mobile network operator in Namibia achieved revenue of more than N$3 billion with Net Profit after Tax (NPAT) increasing by 0.14% to N$794 million (2022: 6.7% increase) for the 2023 financial year. In its financial results presentation last week, MTC highlightedContinue Reading

An emerging trend in which inflation is slowing down is expected to continue into 2024 with inflation rates potentially easing to an estimated 5.1%, symbolizing a hopeful stride towards economic equilibrium and resilience in Namibia. According to Simonis Storm, if we look ahead, despite the forecast of a minor surgeContinue Reading

…Key economic driver expected to slow down in 2024 Namibia’s GDP growth is projected to slow down in 2023 and 2024, mainly due to the weaker global demand and anticipated contraction in agriculture, the Bank of Namibia has said in its latest economic outlook report. The domestic economy is estimatedContinue Reading