Namibia recorded a trade deficit of N$4.4 billion in April 2026, with exports at N$9.8 billion and imports at N$14.2 billion, marking a deterioration from the N$2.1 billion deficit in April 2025. Mining commodities, including gold, uranium, diamonds and petroleum oils, drove the export basket, while South Africa remained the largest trading partner.
10 June 2026 · Windhoek Observer →
Letshego Holdings (Namibia) Limited's employee benefit expenses rose to N$147 million in 2025 from N$116.2 million in 2024, with salaries increasing to N$79.6 million and incentive bonuses more than doubling to N$26.6 million. The group recorded strong financial performance, with net interest income rising by nearly 32% despite higher operating costs.
10 June 2026 · Windhoek Observer →
President Netumbo Nandi-Ndaitwah officially opened Goreangab Mall in Windhoek, where Bank Windhoek opened a Digital Banking Hub as an extension of its Katutura Branch. The hub provides in-person and self-service banking to residents of Goreangab, Katutura and surrounding areas.
10 June 2026 · Windhoek Observer →
Mobile Telecommunications Limited is opening its first retail store in Okongo, Ohangwena Region, bringing its countrywide total to 40 stores. The new Mobile Home will offer SIM card replacements, contract applications, account payments, and other services to residents who currently travel nearly 100 kilometres to Eenhana.
10 June 2026 · Windhoek Observer →
The OL Group has announced the permanent closure of the Hartlief Shop & Bistro in Windhoek's northern industrial area, effective 15 July, following a review that determined the outlet operates outside Hartlief's core meat processing and distribution competency and has not achieved required financial sustainability.
10 June 2026 · Windhoek Observer →
Hodago Fishing, a company 45% owned by Gendev Fishing Resources (which has links to Swapo business interests), faces financial pressure as its flagship freezer trawler, Venus 1, is set for auction in Walvis Bay on 30 June following unpaid debts to Standard Bank Namibia of N$18.4 million and N$17.6 million.
10 June 2026 · Windhoek Observer →
The African Aquaculture Company has welcomed Omankete Investment as the first Namibian private investor in its offshore salmon farming project, in a deal valued at N$40 million. The company says the investment demonstrates local private sector readiness to contribute to the emergence of salmon farming and reflects market confidence in the project.
10 June 2026 · Windhoek Observer →
The government faced criticism in the National Assembly for awarding Vitol Bahrain a N$7.2-billion emergency fuel contract while bypassing Namcor. Opposition and former officials raised concerns that the arrangement could jeopardise fuel security and undermine the downstream fuel sector's competitiveness, while the prime minister said Cabinet discussions on the matter are ongoing.
10 June 2026 · The Namibian →
OL Group has announced the closure of Hartlief Shop and Bistro in Windhoek on 15 July as part of a strategic review to cut costs and focus on its core meat-processing and distribution operations. Affected workers will remain permanently employed and the company will discuss redeployment opportunities with staff.
10 June 2026 · The Namibian →
Telecom Namibia has appointed Synercap Capital to lead a strategic transformation and restructuring programme aimed at repositioning the state-owned company in the digital economy. The programme will assess the company's organisational structure, infrastructure, operations and finances, and develop a strategy focused on improving customer experience, introducing new products and services, and identifying new revenue opportunities.
10 June 2026 · The Namibian →
Namibia Airports Company says Ondangwa, Rundu, Lüderitz, Keetmanshoop and Katima Mulilo airports remain unprofitable, with only Hosea Kutako International Airport operating at a profit and Walvis Bay closest to breaking even. NAC spent N$13.2 million on airport maintenance in 2024/25 and increased its budget to N$20 million for 2025/26, though a spokesperson says this remains insufficient as underlying assets depreciate at around 7.2% annually.
10 June 2026 · The Namibian →