Namibia needs tailored regulations instead of imported policies: central bank governor

WINDHOEK, April 3 (Xinhua) -- Namibia's regulatory framework must reflect its specific economic realities rather than copying policies from more advanced economies, Bank of Namibia Governor Johannes Gawaxab said on Thursday. Speaking at a high-level …

Namibia's new foreign minister vows to expand trade footprint

WINDHOEK, April 3 (Xinhua) -- Namibia's new Minister of International Relations and Trade Selma Ashipala-Musavyi has pledged to enhance the country's economic diplomacy and expand its global trade footprint in key sectors such as agriculture, …

Namibia Sports Commission overhauls sports governance, lifts bans

WINDHOEK, April 3 (Xinhua) -- Namibia Sports Commission (NSC) on Thursday announced the removal of all previous restrictions placed on the Namibia National Paralympic Committee (NNPC) and the Namibia Boxing Federation (NBF), signaling a renewed focus on …

Namibia women's cricket team to host Uganda in crucial series

WINDHOEK, April 3 (Xinhua) -- Namibia women's national cricket team, nicknamed the "Capricorn Eagles," will compete against Uganda in a crucial series scheduled to take place at the newly established High-Performance Cricket Oval in Windhoek, …

Trade key to Namibia’s economic diplomacy: Ashipala-Musavyi

Namibia becomes Russia's latest nuclear ally

In May 2024, the Organization of the Petroleum Exporting Countries, OPEC+ oil producers coalition, noted that it was considering Namibia for potential membership. At the time, experts deduced that within the next decade, Namibia could be the fourth-largest …

Namibia Budget Review

FY25/26 Budget Review: High stakes in a ‘priced for perfection’ economy – a balancing act • The Ministry of Finance (MoF) expects GDP growth to reach 4.5% y/y in 2025 and 4.7% in 2026, up from 3.7% in 2024. This is anticipated to be supported by a …

US imposes 21% import tariff on Namibia

The United States (US) has decided to increase import tariffs across all trading partners, which includes Namibia which will now pay a reciprocal tariff of 21%. Reciprocal tariffs means the US will impose tariffs on other countries that are equivalent to …

Germany invests N$32 billion in joint ventures with Namibia

Lahja Nashuuta Germany has invested N$32 billion in the form of financial and technical support for collaborative projects in Namibia since the country’s independence. This funding consists of a combination of grants and preferential loans. Thorsten Hutter …

Namibia’s Sossusvlei Named One of World’s Best Places to Visit in April

Sossusvlei, a breathtaking dry lake in Namibia’s Namib Desert, has been named one of the world’s top destinations to visit in April. Known for its towering red dunes—some over 300 meters high—Sossusvlei offers surreal beauty, unique wildlife, and striking …