Windhoek Observer

Chamwe Kaira  Walvis Bay handled exports worth N$2.1 billion in February, making it the country’s leading export point. Other key export routes included Eros Airport, which facilitated goods worth N$1.7 billion, and the Katima Mulilo border post at N$1.2 billion. On the import side, Walvis Bay remained the main entry point, handling goods valued at N$3.9 billion.  Ariamsvlei followed with N$2.7 billion, while the Trans Kalahari border post handled N$1.8 billion. Namibia’s trade with the African continent showed higher imports than exports.  The country exported goods worth N$4.3 billion to Africa and imported goods worth N$5.6 billion, resulting in a…

Staff Writer The Bank of Namibia (BoN) has welcomed the appointment of Nicholas Mukasa as its second deputy governor, effective 1 May 2026. President Netumbo Nandi-Ndaitwah made the appointment in line with the Constitution and the Bank of Namibia Act. Mukasa will support the central bank's governor Ebson Uanguta in guiding the bank’s strategy and reform plans. His role includes strengthening the bank’s ability to respond to changes in the economy, including the shift toward digital financial services and developments in sectors such as energy. Mukasa has nearly 20 years of experience in financial markets, investment management and risk analysis.…

Staff Writer Namibia’s transport prices fell in March 2026, but this trend is expected to reverse after a fuel price increase in April. The transport category, which makes up 14.3% of the consumer price index, recorded a decline of 1.7% year-on-year in March. This is compared to a 2.6% increase in March last year. Simonis Storm Securities said the decline reduced overall inflation by 0.3 percentage points. The drop was driven by lower costs in operating personal transport. These costs fell by 3.3% year-on-year. Fuel prices remained unchanged in March at N$19.58 per litre for petrol and N$19.63 for diesel…

Namibia is emerging as a central focus in TotalEnergies’ expanding African project pipeline, with the company targeting a final investment decision on its Venus oil discovery by the fourth quarter of 2026. The development, located offshore in Namibia’s Orange Basin, is considered one of the most closely watched deepwater oil projects globally and could significantly shape the country’s future oil and gas sector if approved. The update comes as TotalEnergies’ Senior Vice President for Africa, Mike Sangster, prepares to speak at the Invest in African Energy Forum in Paris on April 22–23. The forum is expected to highlight the company’s…

Staff Writer  Simonis Storm Securities projects Namibia’s real GDP growth at about 2.3% in 2026, slightly below government estimates. The firm said recent developments such as stability in the mining sector, infrastructure spending and improving private sector sentiment after the eurobond repayment are expected to support growth over time. “This disconnect is in the previous good developments that have happened, like mining sector stabilisation (uranium and gold), infrastructure spending multipliers and improving private sector sentiment following the Eurobond retirement; the momentum is building and will filter through in the next year or two,” the firm said. Simonis said a stronger…