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The Brief

@TheBriefLive

1 year

LEFA secures Google contract to map Namibia Local startup LEFA has secured a contract with global tech giant Google to map the country. The project, spanning 17,000 km, will provide an intimate digital perspective of Namibia's unique landscapes, towns, and cities, which will be

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5 months

Shiimi wins Finance Minister of the Year Award Finance Minister Iipumbu Shiimi has been named the Minister of Finance of the Year at the African Banker Awards 2024. According to the African Banker Awards committee, Shiimi was recognized for his exceptional leadership and

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7 months

Rundu Abattoir granted export certification and approval to sell South of the redline Meat and meat products from Rundu Abattoir will now be traded south of the redline and exported to international markets, following certification by the Directorate of Veterinary Services,

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9 months

FNB Namibia appoints Nangula Kauluma and Sepo Haihambo as CEOs FNB Namibia has announced the appointment of Nangula Kauluma as CEO of FNB Retail Banking and Sepo Haihambo as CEO of FNB Commercial Banking. The appointments are part of the restructuring of FNB Namibia following

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5 months

Namibia revokes visa exemptions for over 30 countries The Namibian government has resolved to introduce entry visa requirements for countries that have not reciprocated its visa exemption gestures. Citizens from over 30 countries will no longer enjoy visa-free access to Namibia

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5 months

Oshikango-Santa Clara Border Post to operate 24 hours a day The Ministry of Home Affairs, Immigration, Safety and Security says the Oshikango-Santa Clara Border Post, a key point for trade and travel between Namibia and Angola, is set to operate 24 hours a day starting tomorrow.

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1 year

CRAN bans mandatory biometric data collection for SIM card registration The Communication Regulatory Authority of Namibia (CRAN) has ordered telecommunications operators to cease the mandatory capturing of biometric data for SIM card registration purposes. According to the

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1 year

NWR cuts lodge prices by up to 50% Namibia Wildlife Resorts (NWR) has reduced prices at its resorts and lodges for Namibians and those from the SADC region in order to boost domestic tourism. NWR's spokesperson, Nelson Ashipala, said the company is offering discounts of up to

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6 months

Namibia nearing deal to export grapes, sea produce to China The Chinese Embassy says negotiations between Namibia and the country are advancing to allow Namibian grapes, deep-sea crabs, and other seafood products to be exported to the Asian country. This comes when negotiations

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3 years

Windhoek ranked among African cities with the highest cost of living

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5 months

BoN to conduct user fees, charges investigation The Bank of Namibia (BoN) plans to conduct a comprehensive study on user fees and charges in response to persistent public concerns over high fees and charges in the country’s financial sector. The central bank is currently

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2 months

Telecom allocates N$100 million for network upgrades Telecom Namibia has earmarked between N$90 million and N$100 million for improving network quality and expanding coverage in the country. The telecommunications giant has initiated upgrades of several mobile sites from 2G to

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8 months

Namibia’s population increases by 43.9% to over 3 million Namibia’s population has increased by 43.9% to 3,022,401, according to the 2023 preliminary results of the Population and Housing Census released by the Namibia Statistics Agency on Wednesday. This is an increase from

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2 years

Atterbury Property in talks to sell Grove Mall for N$1.8bn #namibia #property #investment #zimbabwe #SouthAfrica #mall

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26 days

Safland plans 5 new malls, N$260m Goreangab Mall to open in May 2026 Safland Property Group plans to develop five new retail shopping centres across the country, with construction on at least three of these expected to start next year. The N$260 million Goreangab Mall in

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5 months

NamPower's N$2.3bn Biomass Project to create 2,500 jobs Namibia Power Corporation's (NamPower) Otjikoto Biomass Power Project, set to commence construction next month, is anticipated to generate over 2,500 jobs, both direct and indirect. Project Manager Tangeni Tshivute said

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1 year

Namibia bans export of unprocessed lithium and critical minerals Cabinet has approved the banning of the export of unprocessed lithium and other critical minerals. The proposal, which had been submitted by Mines and Energy Minister Tom Alweendo for cabinet consideration, was

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7 months

Namibia now Africa’s second-fastest-growing FDI destination Namibia has emerged as Africa's second-fastest-growing market and fifth in the world in terms of foreign direct investment (FDI), with GDP growth forecasted at 2.7% in 2024 according to fDi Intelligence. The study,

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3 years

Telecom plans N$2.3 billion network upgrade

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8 months

Pupkewitz eyes regional expansion, opens retail outlet in South Africa's Upington The Pupkewitz Group is seeking growth opportunities outside Namibia and recently launching its first retail outlet beyond the country's borders–a Megatech branch in Upington, South Africa.

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7 months

Namibia attracts N$33 billion in oil, gas FDI in 3 years ….forecasted to become top 15 oil rich countries in the world The Bank of Namibia (BoN) says the oil and gas sector yielded N$33.4 billion in foreign direct investments (FDI) inflows between 2021 and 2023. The apex bank

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2 years

Namibia passport ranks 67th best globally

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6 months

Namibian banks accused of price fixing card transaction fees The Namibian Competition Commission (NaCC) alleges that the Payments Association of Namibia (PAN) and several commercial banks colluded in price-fixing activities related to card transaction fees. According to the

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2 years

City of Windhoek Mayor Sade Gawanas has urged all residents to leave their cars at home on Thursday, 22 September 2022 and either cycle or make use of car-pooling or public transport in celebration of World Car Free Day. #namibia #windhoek #environment #WorldCarFreeDay

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3 years

Curro Namibia says it’s moving ahead with plans to setup a new private university in the country, with its first enrolment set for 2023.The university will partner University of Stellenbosch for its agriculture faculty to be based at Stampriet and Stadio for its education faculty

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7 months

Namibia ranked 6th most connected country within Sub-Saharan Africa Namibia is highly ranked in Sub-Saharan African connectivity, ranking sixth out of 43 countries in the DHL 2024 Global Annual Connectedness report, surpassing established economies like Senegal, Angola, Nigeria,

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3 months

Namibia Public Service recruitment to go digital The Public Service Commission of Namibia says it is looking into the digitalisation of its recruitment processes. This move aims to improve efficiency, transparency, and fairness in hiring for government positions. Currently,

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7 months

Namibia solar PV production could contribute N$37bn to GDP, create 22k jobs Namibia’s local solar photovoltaic (PV) cell production and module assembly could generate 22,000 jobs and contribute a N$37-billion boost to the country's GDP by 2050, global consultancy firm McKinsey &

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2 years

Festus Nakatana appointed as Corporate Affairs Manager at Capricorn Group #namibia #appointment

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8 months

MTC launches eSIM Mobile Telecommunication Limited (MTC) has launched the Electronic Subscriber Identity Module (eSIM) solution for its customers who travel internationally, enhancing their roaming connections. An eSIM card is a virtual card that identifies a device via a

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3 years

IN CASE YOU MISSED IT: A report by an African Union unit has established that Namibia’s current economic structure is restrictive and incapable of addressing the growing challenges of youth unemployment in the country.

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1 year

Ndapewoshali Shapwanale, Taimi Itembu recognized as African energy industry trailblazers Reconnaissance Energy Namibia's Director of Communications and Stakeholder Relations, Mwanyengwa Ndapewoshali Shapwanale, and Taimi Itembu, Public and Government Affairs representative at

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9 months

Sierra Leone lauds Namibia roads A delegation from Sierra Leone, on a study visit in Namibia, commended the country's road network, even dubbing it the ‘Europe of Africa’ due to its road management system. Namibia boasts the best road infrastructure in Africa, consistently

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2 years

Qatar Airways resumed its flights to Namibia after Boeing 787-8 Dreamliner landed at HKIA on Saturday morning with 98 passengers and later departed with 120 passengers. The airline will service the route between Doha and Windhoek 3 times a week, Tuesdays, Thursdays and Saturdays.

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1 year

The Brief launches monthly survey on Namibia’s cheapest supermarkets Every month, The Brief will survey in-store prices of the same basket of goods across seven major retailers in Namibia, namely; Shoprite (Independence Avenue), Checkers (Wernhil), Pick n Pay (Wernhil), SPAR

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2 months

Namibians need to earn N$36K monthly to afford N$1m bond on house Namibians require a monthly income of N$36,000 to afford a N$1-million home loan, according to Salomo Hei, Economist and Managing Director at High Economic Intelligence. This significant barrier to homeownership

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1 year

Namibia to become hotspot for millionaires and wealthy South Africans Namibia’s number of millionaires is expected to rise from 2,150 individuals to over 10,000 by 2040, according to a report by New World Wealth. Namibia, according to the report, will become an option for

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11 days

NamRA collects N$45.1 billion in 6 months The Namibia Revenue Agency (NamRA) says it collected N$45.1 billion in net tax revenue from 1 April 2024 to 30 September 2024. NamRA Commissioner Sam Shivute said the collections represent an increase of N$7.1 billion compared to the

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1 year

Paratus signs reseller agreement with Starlink for Africa The Paratus Group has entered into an agreement to become the distributor for Starlink's high-speed services across the African continent. According to the telco, the agreement will allow Paratus to offer Starlink

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6 months

Our Thursday edition is out. Click to download your FREE copy. #namibia #BusinessNews #oilandgas

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2 years

The Bank of Namibia has announced sweeping reforms for banks, placing a cap on the number of boards an individual can serve on, limiting board tenures, and placing an age limit of 70 years for independent Directors, including the Chairperson. Full article in tonight's edition.

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1 year

Namibia launches first national barcode system The Ministry of Industrialisation and Trade has officially launched the country’s first national barcode system, 631 GS1 Namibia. Namibia can now administer, facilitate and allocate barcodes to locally produced goods and services.

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3 months

NamRA recovers N$20 million from fishing companies evading tax The Namibia Revenue Agency (NamRA) has recovered N$20 million from 14 fishing companies between 1 May and 19 July 2024 through administrative summons and the involvement of third parties, including commercial banks,

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3 years

Namibia could net over N$500bn in oil taxes and royalties

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6 months

NamWater plans N$7bn Okavango extraction to mitigate CAN water crisis The Namibia Water Corporation is planning a water extraction project estimated to cost around N$7 billion with pipelines that can be turned on and off, when necessary, from the Okavango River. The project

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2 years

MTC plans to nationalize its National Internship Program by raising N$14.4 million per annum, which will be used to upscale the intake from the current 160 students to 1600 per year. #namibia #internship #Students

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2 years

ReconAfrica wins court ruling over Kavango environmental permits #namibia #oilandgas

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1 year

GIPF to roll out pension-backed property loans The Government Institutions Pension Fund (GIPF) says it expects to finally roll out pension-backed home loans to help workers secure houses in the coming weeks. The pension home loan scheme mooted by the GIPF will allow its

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3 months

O&L terminates Pick n Pay Namibia franchise agreement The Ohlthaver & List (O&L) Group, through WUM Properties (Pty) Ltd, will terminate its 27-year franchise agreement with Pick n Pay South Africa by 30 June 2025. The O&L Group, through WUM Properties (Pty) Ltd trading as Pick

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2 years

Botswana removes VAT on salt, pads, veggies, cooking oil, diapers #namibia #Botswana

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3 years

The City of Windhoek is soliciting for sustainable business proposals from entrepreneurs and innovators that are expected to contribute to the City’s economic development, including employment creation under its Windhoek Economic Recovery Initiative.

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6 months

Windhoek District Hospital to cost N$2.9bn, to break ground in May The Ministry of Health and Social Services (MoHSS) says the planned Windhoek District Hospital will be constructed at an estimated cost of N$2.9 billion and will break ground on 9 May 2024 with construction

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6 months

Choppies, Metro April’s cheapest retailer, hyper In Windhoek Out of Windhoek's seven popular grocery supermarkets, Choppies consistently offers the most affordable basket of standard groceries. However, in the hypermarket category, Metro stands out for offering the best

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4 months

TransNamib's N$2.6 billion loan approved National rail operator TransNamib's request for a N$2.6 billion loan to help it modernise its fleet and steer the company to meet its set goals was approved. The approval of the rail operator's facility was announced by its recently

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1 year

Namibia sticks to value addition stance President Hage Geingob says Namibia will only work with investors who can operate locally with the view of exporting finished products as opposed to raw materials. This comes after in June, the Namibian government banned the export of

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1 year

Namibia gears up for construction of 300-bed Windhoek district hospital The ministries of Health, Finance, and the National Planning Commission are expected to mobilize resources for the construction of a 300-bed district hospital in Windhoek, following a cabinet directive. As

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3 years

UNAM Vice Chancellor, Kenneth Matengu has been elected President of the Council of the Pan African University for 3 years. He was among 5 candidates vying for the position. The University is a post-graduate training and research network supported by the African Union. @unam_na

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1 year

Windhoek-Okahandja Road to be completed in March The Roads Authority (RA) says 87% of the mega-phased Windhoek-Okahandja Road has been completed while the remaining 13% of work will be completed by March next year. The RA Chief Executive Officer Conrad Lutombi said the 70

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2 years

Namibia’s investment leads at N$161 billion ......with 122,000 potential jobs Namibia has attracted potential investment worth N$161 billion as of March 2023, with a potential to create 122,000 new jobs in the country, Namibia Investment Promotion and Development Board (NIPDB)‘s

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1 year

LEFA to commence Google mapping project Ride-hailing start-up Lefa is set to commence with a ground-breaking project in collaboration with global tech giant Google to map Namibia's extensive road network. According to Melkies Ausiku, the Founder and General Manager at LEFA,

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1 year

Bank Windhoek awards employees 8.5% salary increment Bank Windhoek says it has granted its staff members an 8.5% increase on their salary, rental as well and transport allowance for the fiscal year 2023/2024, owing to an increase in revenue. The agreement was reached on

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2 years

Namibia imported Rice worth N$ 20.1 million during the month of September 2022, sourced from South Africa and India, contributing to the country's N$2.4 billion trade deficit for the period, latest figures show.

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1 year

June's cheapest supermarkets in Namibia survey results out! In its pursuit of providing consumers with valuable insights into the price of a basket of 20 staple products, The Brief launched a survey on the cheapest supermarket in May 2023. Conducting monthly price comparisons of

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17 days

Is Property a Smart Investment? In the first episode of The Property Buyers Guide, @FNBNamibia Economist Helena Mboti and Justina Hamupembe discuss the benefits of property investment and key economic factors to consider when entering the market. Read the full article on The

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1 year

Botswana secures larger share of diamond sales in new De Beers agreement Botswana and De Beers have signed a new diamond sales deal, giving the neighboring country a larger share of rough stones from their joint venture, according to the Botswana government and the mining

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2 years

Isabel dos Santos is set to lose over US$1 billion in assets after Angola's Supreme court ordered the seizure. The court also called for the freezing of 70% of shares in Mozambique telecommunications company Mstar, and ordered the seizure of 70% of shares in Upstar Comunicação.

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1 year

Choppies plans to open 35 new stores in Namibia Botswana Stock Exchange-listed Choppies has announced plans to open 35 additional stores in Namibia over the next five years, expanding its current chain of 15 local stores. The retailer recently opened its newest store in

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7 months

Debmarine, B2Gold, FNB Namibia recognised as mega tax payers …as 235,505 owe NamRA N$79 billion Debmarine was honoured with four awards by the Namibia Revenue Agency (NamRA) for being the top contributor in Employee tax, Corporate income tax, Value-Added Tax, and overall

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1 year

Zambia Airways, Edelweiss, KLM plan Windhoek flights The Namibia Airports Company (NAC) has revealed that Zambia Airways, Edelweiss and KLM plan to launch Windhoek flights. NAC CEO Bisey /Uirab revealed that the Zambian government has already communicated its intention to

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9 months

Team Namibia wins Huawei's Tech4Good Global Competition 2023 Team Namibia clinched the top spot in Huawei's 3rd Seeds for the Future Tech4Good Global Competition out of 152 teams from 74 countries across the world. The team's winning entry, YYeni AI, is an innovative AI-powered

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1 year

Namibia to rake in N$105.9 billion per annum from oil and gas Namibia is on the cusp of an economic transformation as its budding oil industry is projected to generate N$105.9 billion (U$5.6 billion) per annum in state revenue, an official has revealed.

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9 months

Three Namibians recognized as future leaders in mining The Mining Indaba has recognized three Namibians as future leaders in mining under its “Future Leaders initiative.” The initiative, being undertaken in collaboration with the University of Cape Town's Leaders in Extractives

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1 year

Helena Tunga Mboti appointed Economist at FNB Helena Tunga Mboti has been appointed as an Economist across FNB, RMB, Ashburton, and Pointbreak. Mboti, who will be an additional Economist within the FirstRand Namibia group, has over 9 years of banking experience. She holds a

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11 months

DBN appoints Mutenda CFO The Development Bank of Namibia (DBN) has announced the appointment of Nicky Katapa Mutenda as the new Chief Financial Officer (CFO), effective from December 18, 2023, for a term of 5 years. The bank said the appointment follows a meticulous selection

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3 months

Ongos Valley Sports Stadium development estimated at N$2 billion The Governor of the Khomas Region, Laura McLeod-Katjirua, says the Ongos Valley Sports Stadium Development project is estimated at N$2 billion. The Ongos Valley Sports Stadium Development, with a capacity of

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8 months

Namibia starts banana industry development trial Namibia has commenced a banana industry development trial with the planting of 2,222 banana seedlings at Mango Vuluzi farm, in the Singalamwe area of the Zambezi region. The trial, spearheaded by the Namibian Agronomic Board

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6 months

NamPower secures N$2.6 billion World Bank energy infrastructure expansion funding NamPower has secured N$2.6 billion in funding from the World Bank to expand its transmission network and integrate renewable energy into the grid. The first-ever energy project funding from the

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7 months

Shafimana Shimakeleni promoted to Partner at SNC Incorporated SNC Incorporated has promoted Shafimana Shimakeleni from Senior Associate to Partner, effective 1st April 2024. According to SNC, Shimakeleni’s ascension to partner makes him one of the youngest partners in a firm

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1 year

Green Hydrogen can earn Namibia N$653 billion in annual exports, create 200k jobs Hyphen Hydrogen Energy (Hyphen) says Namibia has the potential to generate significant economic value through the production and export of green hydrogen estimated at a staggering N$653 billion

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5 months

City of Windhoek seeks 10.4% electricity tariff hike The City of Windhoek has proposed a 10.4% electricity tariff increase to the Electricity Control Board (ECB) for the upcoming 2024/25 financial year. City of Windhoek's Strategic Executive for Electricity O’Brien Hekandjo

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6 months

NamRA pays N$10.4bn in tax refunds, collects N$86.9bn The Namibia Revenue Agency (NamRA) says it paid out N$10.4 billion in tax refunds at the end of the 2023-2024 financial year (FY23/24). The national revenue collector collected N$86.9 billion in revenue, a 107.6% achievement

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1 year

Namibia sticks to its guns over fossil fuels Mines and Energy Minister Tom Alweendo says Namibia will continue using fossil fuels despite pressure from developed countries for the world to adopt clean energy sources to combat climate change. "What I, however, find unreasonable

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3 years

An African Union unit report has found that Namibia’s current economic structure is restrictive and incapable of addressing the growing challenges of youth unemployment in the country.

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4 months

New venture constructs 400 tonnes monthly poultry meat facility Kadila Poultry Farming, a new venture between Eos Capital, Africa Venture Partner Projects (AVPP), and Oyeno Poultry Industries, is poised to significantly boost Namibia's poultry production with the construction of

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2 months

Capricorn Group’s new 13-story Windhoek development to create 250+ local jobs The Capricorn Group on Tuesday broke ground on the construction of a new 13-story office building in Windhoek’s central business district. The building, being constructed at the corner of Independence

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1 year

Chakula invests N$37m in new private abattoir The Chakula Investment Group says it has invested N$37 million towards the construction of a state-of-the-art abattoir set to open in the Kunene Region, Otjikondo area in October. According to the group, the investment is set to

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1 year

Choppies July’s cheapest supermarket Choppies Supermarket is July’s cheapest supermarket in The Brief’s monthly Grocery Basket price comparison exercise. For the Month of June the Basket composition was changed as the readers demanded the inclusion of wholesalers. Moreover,

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1 year

UNAM graduates first locally trained dentists The University of Namibia's School of Dentistry has achieved a significant milestone in the country's healthcare sector by graduating its inaugural cohort of 16 dentists. According to the university, what sets the locally trained

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6 months

Our Friday edition is out. Click to download your FREE copy. #namibia #BusinessNews #oilandgas

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1 year

Telecom to roll out 500 new towers to improve coverage Telecom Namibia plans to roll out 500 new mobile towers in the next five years as part of its plan to improve infrastructure and increase mobile coverage in the country. #namibia #mobilenetwork

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2 years

Namibia Dairies is set to move the production and packaging of its Nammilk Full Cream and Low-Fat Ultra-high temperature (UHT) milk ranges from South Africa to its Avis Factory in Windhoek, as from June 2022. #namibia #milk #southafrica #Dairy

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2 years

The reality of household debt in Namibia By Enos Kamutukwata and Halleluya Ndimulunde A popular Namibian Instagram gossip page recently hosted a discussion on debt, where individuals anonymously shared their stories about how much they owed micro-lenders, banks, and other

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1 year

CoW builds 700 low-cost houses in informal settlements The City of Windhoek (CoW) has so far constructed a total of 700 low-cost housing units in its informal settlements at a cost of N$120 million, an official has revealed. The project launched in 2020 seeks to construct 1,200

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2 years

Shut borders to reduce imports, create jobs – Nujoma Labour, Industrial Relations and Employment Creation Minister Utoni Nujoma suggests that closing the country’s borders to avoid overreliance on imports could translate to more local production and creating more jobs for locals

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3 years

@NedbankNam Managing Director, Martha Murorua and Mercia Geises, Chief Executive Officer of @StandardBankNa have been named among the top 50 Most Reputable Bank CEO's in Africa by Reputation Poll International.

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@TheBriefLive

3 years

IN CASE YOU MISSED IT: Bank of Namibia (BoN) Governor Johannes Gawaxab has been lowly rated after he scored a D+ in a survey conducted by Global Finance magazine of Central Bank Governors in 2021.

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The Brief

@TheBriefLive

1 year

FlyNamibia discontinues Walvis Bay route FlyNamibia says it will next month discontinue domestic flights to the coastal town of Walvis Bay, citing the route has proven to be economically unsustainable despite various interventions. Going forward, the aviation company said it

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The Brief

@TheBriefLive

5 months

Choppies, Checkers May's cheapest retailer & hyper Out of Windhoek's seven popular grocery supermarkets, Choppies once again emerged as the most cost-effective option, with an overall basket decrease of 2.6% month-on-month. This reduction was primarily driven by the prices of

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The Brief

@TheBriefLive

9 months

FlyNamibia celebrates a first with all-female crew FlyNamibia celebrated its first flight with an all-female crew on board on Tuesday. The flight was led by Captain Elsa Martin, First Officer Lee Rossouw, and Cabin Crew Yolanda Gawases. #namibia #flight #allfemalecrew

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The Brief

@TheBriefLive

5 months

Procurement Board awards Namibian companies N$7.1 billion in contracts The Central Procurement Board of Namibia (CPBN) says it has awarded N$8.1 billion worth of tenders with contracts valued at N$7.1 billion awarded to local companies. In total, CPBN awarded 32 procurement

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