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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Chamwe Kaira  The Livestock and Livestock Products Board of Namibia (LLPBN) has repealed restrictions on poultry imports and introduced a new scheme to support local producers. The board confirmed that the government notice No. 54 of 28 February 2020 has been repealed following the issuance of a government notice on 1 April by the Ministry of International Relations and Trade.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…

Staff Writer  TransNamib Holdings Limited has approved a six-month trial of a dual-fuel locomotive powered by hydrogen and diesel in partnership with CMB.TECH. The trial will run for about 50 round trips along the Walvis Bay to Windhoek corridor.  It forms part of the company’s plan to reduce emissions and test new rail technology. TransNamib chief executive officer Desmond Van Jaarsveld said the trial will be assessed using a performance matrix that includes fuel use, reliability, efficiency, maintenance needs and cost. He said a decision on whether to expand the project will be made after the six-month evaluation. During the…

Staff Writer  Momentum Metropolitan Namibia has appointed Evangelina Nailenge as the executive for retail distribution, effective March. In this role, she will lead distribution strategy and focus on improving access to financial services through adviser and broker networks. Nailenge has more than 20 years of experience in the financial sector, including over a decade in executive roles.  She previously served as managing director of Momentum Investments Namibia, where she oversaw asset management, wealth and collective investment schemes.  During her tenure, the business recorded growth in assets under management and administration while improving client outcomes and retention. She has also served…

Wandile Sihlobo  Namibia, Botswana, and Mozambique are among the few countries that have recently introduced restrictions on South African agricultural exports. In the case of Namibia and Botswana, these are our customs union partners, the Southern African Customs Union (SACU). An important benefit of a customs union is the free movement of goods in the common customs area. All these countries, including Mozambique, have committed to removing all trade barriers by 2030 as part of the African Continental Free Trade Area (AfCFTA). Undoubtedly, trade restrictions undermine the spirit of trade integration. It also makes a mockery of commitments to liberalise…