News

  By: Vitalio Angula In what economists describe as a win for the country, the Development Bank of Namibia (DBN) recently announced its accreditation by the Green Climate Fund (GCF) as a Direct Access Entity under its medium-sized project category. This milestone makes DBN the first institution in Namibia to acquire this status, qualifying the bank for funding between USD 50 million and USD 250 million. The accreditation allows DBN […]

Windhoek, Namibia — A robbery unfolded early this morning at the Shoprite complex on Monte Christo Road, where two suspects—one wielding a panga and the other a handgun—made off with approximately N$110,000 before fleeing on foot. City Police Assistant Superintendent Katrina Namboga confirmed the ongoing investigation and appealed to witnesses to come forward. Police are reviewing CCTV footage and coordinating ground patrols in surrounding neighbourhoods. No injuries were reported, and there […]

Group Strategy Director at the Pupkewitz Group of Companies, Andrea Barry The Pupkewitz Group is marking a historic milestone this week as it celebrates its 100th anniversary, cementing its place as one of Namibia’s most respected and enduring business institutions. Founded in 1925 by Max and Anna Pupkewitz, what began as a modest trading business in Windhoek has evolved into a diversified enterprise with interests across automotive, construction, technology, and […]

The Popular Democratic Movement (PDM) has raised serious concerns over the Office of the Prime Minister’s (OPM) decision to scale down drought relief food distribution in parts of the country. The opposition party has labelled the move premature and potentially dangerous, particularly for severely affected regions like Kunene and Erongo, where communities are still struggling with food insecurity and worsening livestock losses. According to a recent government announcement, certain areas […]

Unemployment isn’t just an economic challenge — it’s a deep psychological battle that many Namibians face alone. Psychological Counsellor Marcella Katjijova says the effects of joblessness can be devastating, stripping individuals of their sense of purpose and self-worth. “Not being employed has a negative psychological impact on any individual, especially if they have the skills but can’t find work,” Katjijova explains. She warns that persistent unemployment often leaves people with […]

Brand Africa, together with Paragon Investment, has published Brand Africa 100 | Namibia’s Best Brands 2025—a comprehensive ranking of the most admired brands in Namibia. Drawing from a broader pan-African survey reaching 31 countries and covering over 85% of the continent’s population and economic activity, the rankings reflect consumer admiration across generations and sectors.   Key Findings Only 11% of the Top 100 most admired brands are Namibian or African—one […]

  The Anti‑Corruption Commission (ACC) has confirmed the arrest of nine individuals, among them four former senior executives of the National Petroleum Corporation of Namibia (NAMCOR), the state-owned petroleum entity, in connection with alleged corrupt dealings that drained more than N$327 million from public coffers. ACC spokesperson Josefina Nghituwamata revealed the charges focus on unlawful credit extensions and a failed N$53 million attempt to acquire fuel storage facilities—facilities already owned by […]

A spike in unemployment could severely shrink the tax base and weaken government revenue, warns a leading business and economics expert. In a recent interview, Josef Kefas Sheehama explained that fewer taxpayers mean lower collections and greater pressure on welfare spending. He says this cycle could drag down economic growth if urgent solutions aren’t found.  play_arrow Jobless Rate Surge Poses Tax Threat Leonard Witbeen The post Jobless Rate Surge Poses […]

Business and economics expert Josef Kefas Sheehama says the country’s rising unemployment rate is putting mounting pressure on tax collection, public finances, and overall economic stability. In an exclusive interview, Sheehama explained that while the official unemployment rate climbed from 33.4% in 2018 to 36.9% in 2023, the real figure could be much higher. “If we use what we call the standard mean, unemployment could actually stand at 60%,” he […]