Blog

CHAMWE KAIRA The Bank of Namibia has maintained its growth projections at 2.6% for 2026 and 2.9% for 2027, supported by expected gains in uranium mining, wholesale and retail trade, financial services, and public administration and defence. However, the central bank has warned that domestic economic activity weakened in the first four months of 2026, particularly in mining, manufacturing, tourism, electricity generation, construction, and communications. According to data cited by the Bank of Namibia, Namibia’s merchandise trade deficit widened to N$11.723 billion in the first four months of 2026, compared to N$11.267 billion over the same period in 2025, reflecting…

CHAMWE KAIRA Minister of finance, Erica Shafudah, has tabled the Accountants and Auditors Regulatory Authority Bill in the National Assembly, setting the stage for a major overhaul of Namibia’s accounting and auditing regulatory framework. Shafudah said the legislation marks a “significant milestone” in strengthening financial accountability, enhancing transparency in reporting, and aligning Namibia’s professional standards with international best practice. The proposed law seeks to repeal and replace the Public Accountants’ and Auditors’ Act of 1951, which has governed the profession for over seven decades. According to the minister, the existing legal framework no longer reflects modern developments in the financial…

CHAMWE KAIRA Consumer inflation in South Africa, Namibia’s biggest trading partner, jumped to 4.5% in May from 4% in April, Statistics South Africa announced on Wednesday.   This is the highest rate since July 2024, when it was 4.6%.  The monthly change in the consumer price index (CPI) was 0.7% in May. Namibia’s trade deficit in April increased to N$4.4 billion, up from N$2.1 billion in April 2025, with South Africa emerging as the country’s largest market for both exports and imports. The inflation surge was largely driven by increases in fuel prices. The fuel index recorded the second largest monthly…

Staff Writer Stimulus Investments Limited has announced changes to its board of directors following the resignation of long-serving non-executive director, Josephat Mwatotele. In a notification issued in terms of paragraph 3.59 of the Namibia Securities Exchange (NSX) Listing Requirements, the company confirmed that Mwatotele resigned with effect from 12 June 2026. Mwatotele has served on the board since September 2015 and is stepping down after reaching the maximum allowable term in line with the company’s director appointment and succession policy. The company expressed appreciation for his contribution over nearly a decade of service, noting his role in supporting the firm’s…

CHAMWE KAIRA Sea transport remained Namibia's leading export channel by value in April, accounting for N$3.8 billion or 39% of total exports, according to the Namibia Statistics Agency's (NSA) Namibia International Merchandise Trade Statistics Bulletin for April. The NSA said uranium, fish, and nickel ores and concentrates were the main commodities exported by sea during the month. Air transport ranked second, contributing 32% of total export value, driven largely by exports of non-monetary gold and diamonds. Road transport accounted for the remaining 29%, with petroleum oils, fish and fertilizers making up the bulk of exports moved by road. Despite sea…