Namibia’s corporate sector has recorded a milestone in its post-pandemic recovery, with business overdraft facilities posting positive annual growth for the first time in over a year, signalling renewed confidence among firms amid broader credit expansion. According to the latest Private Sector Credit Extension (PSCE) report by Simonis Storm, overdraftContinue Reading
The Governor of the Bank of Namibia (BoN), Johannes IGawaxab, alongside Deputy Governors, Leonie Dunn and Ebson Uanguta, convened with President Netumbo Nandi-Ndaitwah last week in a high-level statutory meeting to address Namibia’s economic trajectory and strategic financial reforms. The engagement, attended by Vice President Lucia Witbooi, Deputy Prime MinisterContinue Reading
Namibia is positioning itself to revolutionize Africa’s aquaculture sector with ambitious plans to establish two large-scale salmon farms along its cold, nutrient-rich coastline. If successful, the projects could propel the nation to the forefront of Atlantic salmon production on the continent, leveraging cutting-edge Norwegian technology and strategic environmental advantages. TheContinue Reading
Namibia, like many nations reliant on regional trade frameworks, faces significant fiscal challenges due to the volatility of revenue from the Southern African Customs Union (SACU). During the recent parliamentary debate on the 2025/26 budget, Finance Minister Ericah Shafudah underscored the pressing issue of declining SACU revenues, a critical incomeContinue Reading
President Netumbo Nandi-Ndaitwah has emphasized the crucial role of human capital development in realizing Namibia’s ambitious energy goals. As the country seeks to establish itself as a significant player in the oil and gas sector, the development of a skilled workforce is not just a necessity; it is a fundamentalContinue Reading
Namibia’s Orange Basin has the potential to produce up to 47,000 barrels of oil per day (bopd) and generate trillions of dollars in revenue, according to Marcio Mello, Founder of Namibia Energy Corporation. Speaking at the Namibia International Energy Conference, Mello highlighted the potential of the Orange Basin to replicateContinue Reading
Merger and acquisition (M&A) activity continues to emerge as a critical engine for growth in Namibia’s upstream oil and gas sector, as emphasized during a high-level panel discussion at the Namibia International Energy Conference (NIEC) on Thursday. Industry leaders outlined how strategic M&A deals are not only reshaping the country’sContinue Reading
As a strategic partner of the Namibia International Energy Conference (NIEC), the African Energy Chamber (AEC) is calling for a deliberate and accelerated approach to moving Namibia’s recent oil and gas discoveries into production – emphasizing the importance of speed, investor confidence and strategic collaboration. Speaking during a high-level panelContinue Reading
At the Namibia International Energy Conference (NIEC) on April 23, industry leaders from Chevron, the National Petroleum Corporation of Namibia (NAMCOR) and Rand Merchant Bank (RMB) outlined critical developments in the country’s oil and gas sector. These statements reaffirmed Namibia’s ambition for first oil production by 2030, underscoring the importanceContinue Reading
Namibia’s energy sector is bracing for pivotal updates as President Netumbo Nandi-Ndaitwah prepares to deliver a keynote address at a major upstream conference in Windhoek this week, following her recent decision to centralize control of the oil and gas sector under her office. The move, which mirrors similar actions byContinue Reading
