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Chamwe Kaira  Cyber crooks are using sharper and more sophisticated tactics to target businesses and individuals, experts have warned. Social engineering remains one of the most common methods. Criminals use phishing emails, fake calls, and misleading messages to trick people into giving them sensitive information.  “They often pose as trusted institutions, create urgency and convince victims that sharing details will prevent financial harm,” said FirstRand Namibia chief executive officer Conrad Dempsey. Deepfake and AI-driven fraud are also rising. Criminals use synthetic media to copy voices or identities for high-value scams. “As more businesses move online, these sophisticated techniques are harder…

Chamwe Kaira  Windhoek’s approved building plans fell by 12% month-on-month, dropping from 226 in September to 198 in October, economic analyst Almandro Jansen of Simonis Storm said. On an annual basis, approvals were down 19%, showing slow construction activity in the capital. Swakopmund moved in the opposite direction. The coastal town recorded an 80% rebound from 85 to 153 approvals. Year-on-year, it posted a 119% increase, supported by a low 2024 base and stronger sentiment linked to tourism, relocations and future energy-sector activity. Windhoek remains Namibia's main growth centre, with an average of 179 approvals per month this year.  “But…

Chamwe Kaira  S&P Global Ratings has upgraded South Africa’s long-term sovereign ratings, raising the country from ‘BB-’ to ‘BB’ for foreign currency and from ‘BB’ to ‘BB+’ for local currency.  The outlook is positive, the South African National Treasury said. South Africa is one of Namibia’s biggest trading partners. In September, it was Namibia’s largest export destination with a share of 17.8%. Botswana followed with 14%. Zambia, China, and the UAE were also among Namibia’s top five export markets. South Africa remained Namibia’s main source of imports, accounting for 33.3% of all goods entering the country.  China held 10.8%, while…

Chamwe Kaira  Four sources have confirmed that TotalEnergies, Chevron and other oil majors are leading the race to buy a 40% stake in Galp Mopane in Namibia, Reuters reported this week.  Galp said it will announce the winning bidder and the estimated resources of Mopane by year-end. Namibia has continued to attract international oil companies after several major finds since 2022.  The National Petroleum Corporation of Namibia (Namcor) says the discoveries point to Namibia’s potential to rank among the world’s top 15 oil producers by 2035, even though the country does not yet produce hydrocarbons. TotalEnergies and Chevron declined to…

Karen van der Merwe  In an era defined by convenience, speed, and personalisation, the banking industry is undergoing a quiet revolution. No longer confined to branches or apps, banking is becoming embedded in the everyday lives of customers – woven into the experiences they value most. This shift from banking-as-a-product to banking-as-a-lifestyle marks a strategic transformation in how financial institutions must operate to remain relevant. For decades, banks focused on offering products – accounts, loans, cards – designed around internal capabilities. But as technology reshapes consumer expectations, the competitive edge now lies in curating experiences, not just selling services.  Customers…