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Staff Writer The Namibian Competition Commission (NaCC) has approved, with conditions, the acquisition of a fuel retail business by Nasan Energies (Pty) Ltd. The deal involves Nasan Energies acquiring assets operated by Vivo Energy Namibia Ltd and Engen Namibia (Pty) Ltd under a sale of assets agreement. The transaction follows a condition set by the commission during its review of the merger between Vitol Emerald Bidco (Pty) Ltd and Engen Ltd in December 2023. Nasan Energies was created to acquire and operate the assets and has not yet started operations. The assets include 52 fuel service stations previously run under…

Staff Writer TransUnion Africa has announced the appointment of Annemie Botha as general counsel, effective 1 February.  In her role, Botha will lead TransUnion Africa’s legal, risk and compliance function across South Africa, Botswana, eSwatini, Namibia, Kenya, Rwanda, Zambia and Malawi.  Her responsibilities include aligning legal and regulatory strategies with business objectives, strengthening governance frameworks, and supporting sustainable growth across these markets, with a strong focus on advancing transparency, fairness, and consumer protection across the financial ecosystem. Botha brings over 17 years of experience in legal advisory, compliance, privacy and corporate governance, with deep expertise across credit bureau regulation and…

Chamwe Kaira  Namibia recorded net outflows of international remittances in 2025, amounting to N$304.5 million, compared to a net inflow of N$150.7 million in the previous year.  The increase in net outflows was primarily driven by higher personal transfer payments and increased compensation of employees paid to nonresidents, particularly in the fishing and mining sectors, the Bank of Namibia (BoN) has announced.  The country’s capital account surplus declined during the year. It fell by 17.1% to N$2.4 billion due to lower capital transfers from non-residents, including foreign governments and private institutions, with a notable drop in inflows from the United…

Chamwe Kaira  The Livestock and Livestock Products Board of Namibia (LLPBN) has repealed restrictions on poultry imports and introduced a new scheme to support local producers. The board confirmed that the government notice No. 54 of 28 February 2020 has been repealed following the issuance of a government notice on 1 April by the Ministry of International Relations and Trade.  The earlier regulation was issued under the Import and Export Act of 1994. LLPBN acting chief executive officer Goliath Tjijendapi announced the changes in a public notice. At the same time, the board introduced the Poultry Market Share Promotion Scheme…

Staff Writer  First National Bank (FNB) economist Cheryl Emvula said recent data shows a slight improvement in credit activity after a period of slowdown. “After four consecutive months of slower momentum, private sector credit extension (PSCE) growth improved marginally to 4.7% year-on-year in February 2026, supported primarily by stronger credit uptake in the corporate segment,” he said. He said businesses are showing renewed demand for credit, while households remain under pressure. “Household credit growth moderated slightly, reflecting a more cautious approach to borrowing amid tighter financial conditions and elevated living costs,” Emvula said. Instalment sales and leasing continued to lead…