The National Youth Development Fund has approved N$14.9 million in financing for 46 youth-owned businesses through the Development Bank of Namibia, with about 40 additional applications under assessment. The fund, a N$500 million initiative supporting Namibians aged 18–35, offers loans from N$60,000 to N$1 million at interest rates from 2%, with no collateral required.
1 February 2026 · The Namibian →
Bank BIC Namibia has appointed Erastus Hoveka as chief executive effective February 2, bringing three decades of financial services experience in retail, corporate, investment banking and development finance. The bank also appointed two new non-executive directors and says Hoveka will lead efforts in digital banking, customer service and economic empowerment.
1 February 2026 · The Namibian →
Namibia's heavy reliance on imports, particularly from South Africa, leaves the economy vulnerable to external shocks and limits job creation and resilience. Building domestically owned industries through coordinated effort by government, business, and civil society—with particular emphasis on technical and vocational skills—is essential to ensure the country produces a meaningful share of what it consumes.
1 February 2026 · The Namibian →
Fuel prices in Namibia will decrease on 4 February, with petrol falling by N$1 per litre and diesel by 50 cents per litre, following over-recoveries recorded during January. The Ministry of Industries, Mines and Energy said pump prices across the country will be adjusted accordingly.
1 February 2026 · The Namibian →
Werner Bachmann founded the Namibian Pie Company in 2018, which now supplies frozen pies, pastries, pizzas and samosas to supermarkets and service stations across Namibia, delivering about 400,000 units monthly. Bachmann, a marathon enthusiast, credits his success to low debt, strategic location, quality products at affordable prices, and strong customer service learned from his family's retail background.
1 February 2026 · The Namibian →
Namibia's export basket reached N$115 billion from January to November 2025, with uranium (N$26.3 billion), gold (N$18.1 billion), and fish (N$13.5 billion) as top commodities. About 29% of exports were re-exports, with Namibia leveraging its position as a regional gateway through the Port of Walvis Bay for copper, diamonds, and other goods from neighbouring countries.
1 February 2026 · The Namibian →
Botswana Oil flagged that fuel trucks loaded from Namcor's Walvis Bay terminal in early January failed quality tests for octane rating, raising concerns that substandard fuel may have entered Namibia's retail network and could damage engines. Namcor disputes the allegations, saying the product met specifications at discharge and underwent standard testing procedures.
1 February 2026 · The Namibian →