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Non-Performing Loans Threaten Banks’ Stability
By: Justicia Shipena Economists are warning that the growing volume of non-performing loans (NPLs) in Namibia could destabilise the financial sector and jeopardise banks’ balance sheets. An increasing number of Namibians are defaulting on loans due to affordability challenges, with experts attributing the trend to prolonged economic difficulties spanning nearly a decade. By […]
Windhoek Beer Returns to Kenyan Markets
By: Dolly Menas The Namibia Breweries Limited (NBL) will once again expand into the Kenyan market, in a move aimed at broadening its market reach and growing its products on international markets. This marks the third attempt NBL has established the presence of its brand in the Kenyan market after making its […]
Nam Urged to Extend Visa-Exemption To Entrepreneurs
By: Dolly Menas, David Shoombe Local business analysts have urged the recently announced agreement for mutual visa exemption between Namibia and China to expand beyond diplomats. Currently, the agreement is only for diplomatic passport holders and service officials between the two countries. The move has been welcomed, considering the Asian country remains Namibia’s largest […]
Entrepreneurs Call for Female Financial Inclusivity
By: Uaueza Kanguatjivi Female entrepreneurs are calling for systemic transformation to ensure that women and marginalised groups gain greater access to economic opportunities. Despite 79.8% of eligible women now being financially included, surpassing the 76.1% of men, investment opportunities remain largely untapped, particularly for women entrepreneurs. Business mentor Twapewa Kadhikwa emphasised the importance […]
Value Addition: Turning Mushrooms into Biscuits, Tea, and Soup
By: Mathias Hangala Value addition has been at the forefront of discussions surrounding policy and economic growth in recent years. Abner Tomas, who hails from Oniipa in the Oshikoto region, transformed his passion for farming and mushrooms into a niche business by producing biscuits, tea, and soup through his enterprise, Ndaka Mushrooms (NM). […]
Namibia Courts Nigeria Over Oil & Gas Collaboration
By: David Shoombe Namibia is seeking to collaborate with Nigeria in its oil and gas sector, exploring potential partnerships in exploration, production, and refining. This was revealed by the chairperson of the Nigerian delegation during the fifth session of the Namibia-Nigeria Joint Permanent Commission of Cooperation held this week. The meeting aims to […]
NAB Restricts Importation of Six Crops Starting February
By: Loise Shiimi The Namibian Agronomic Board (NAB) has announced that only six horticultural products on the 20-crop special list will be restricted from importation for February 2025. This marks a significant decrease from December 2024, when 15 crops were closed for importation, leaving just five open for trade. In a notice issued […]
Namibia Seeks Partners for Lamb Exports to China
By: Justicia Shipena Minister of Agriculture, Water and Land Calle says Namibia is looking for partners to facilitate the export of lamb to China. While Namibia has successfully exported beef to the Chinese market, the export of lamb is still in progress. In August 2024, the country announced plans to sign a protocol with […]
Red Line Removal Could Dent EU Markets – Warns Govt Lawyer … Amupanda pushes for market diversification
By: Uaueza Kanguatjivi, Justicia Shipena and David Shoombe Advocate Raymond Heathcote, the lawyer representing the Ministry of Agriculture, Water and land reform in the ongoing case on the removal of the Veterinary Cordon Fence (Redline) has warned that Namibia could lose access to the European markets for meat exports should the redline be […]
Second Lowest Pork Imports Recorded in October
By: Nghiinomenwa-vali Eratus Namibia recorded its second-lowest pork imports of the year in October 2024, with only 35,734 kilograms of pork products brought into the country. This significant reduction has been attributed to an increase in local pork production and shifts in consumption patterns, according to the Livestock and Livestock Products Board of […]