Namibia Minute.
Thursday, 2 July 2026
Namibia’s news, on the hour · Est. 2026
Thursday, 2 July 2026
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Business

Current account deficit narrows to N$9.9 billion in Q1

The News

Namibia's current account deficit narrowed to N$9.9 billion in the first quarter of 2026, down from N$10.6 billion in the previous quarter, driven by lower services payments and reduced net investment income outflows. The deficit improved to 14% of quarterly GDP, while international reserves increased to N$51.8 billion by end-March and further to N$55.4 billion by end-May, supported by SACU receipts and gold monetisation.

Why it matters

Current account deficit narrowing to N$9.9bn in Q1 and rising international reserves signal improving macroeconomic stability for Namibians.

1 hour ago · Windhoek Observer →

Business

  1. Current account deficit narrows to N$9.9 billion in Q1

    Namibia's current account deficit narrowed to N$9.9 billion in the first quarter of 2026, down from N$10.6 billion in the previous quarter, driven by lower services payments and reduced net investment income outflows. The deficit improved to 14% of quarterly GDP, while international reserves increased to N$51.8 billion by end-March and further to N$55.4 billion by end-May, supported by SACU receipts and gold monetisation.

    1 hour ago · Windhoek Observer →

  2. FIC surplus rises to N$26.2 million in 2026

    Namibia's Financial Intelligence Centre recorded a surplus of N$26.2 million for the financial year ended 31 March 2026, up from N$19.1 million the previous year, with total assets increasing to N$87.4 million. Operating expenses climbed to N$84.6 million, primarily due to higher staff numbers, while the FIC imposed N$19.9 million in financial penalties through 342 administrative sanctions.

    1 hour ago · Windhoek Observer →

  3. Bank of Namibia, IPN, NamClear sign collaboration agreement

    The Bank of Namibia, Instant Payments Namibia (IPN), and NamClear signed a Declaration of Intent to strengthen collaboration and align their operations, aiming to enhance efficiency, resilience and interoperability of the national payments ecosystem by connecting instant payment capability with existing clearing infrastructure.

    2 hours ago · Windhoek Observer →

Mining & Energy

  1. Ongwe Minerals raises C$23 million for Namibian gold exploration

    Canadian and Namibian-listed gold explorer Ongwe Minerals closed a C$23 million financing through a brokered LIFE offering and private placement, with proceeds earmarked for expanding exploration at its Namibian gold projects. Strong investor demand led the company to increase the offering size.

    1 hour ago · Windhoek Observer →

Agriculture & Land

  1. Delayed government subsidy blocks grain procurement from farmers

    The Agro-Marketing and Trade Agency says a delayed government subsidy is preventing it from procuring grain from small-scale farmers, leaving crops uncollected in the fields.

    7 hours ago · Namibian Sun →

  2. South African Karoo farmers benefit from exceptional rainfall

    A farming sector analysis notes that record rainfall in South Africa's Karoo and Kalahari regions has improved grazing conditions for livestock producers after years of drought, with the Kuruman River resuming flow and multiple areas experiencing above-average precipitation.

    2 hours ago · Windhoek Observer →

Society

  1. Rundu town relies on airport fire truck after council unit grounded

    The Rundu Town Council is relying on a firefighting truck stationed at Rundu Airport to respond to emergencies after its own unit was grounded.

    7 hours ago · Namibian Sun →

  2. Henties Bay council claims water system suspension is illegal

    The Henties Bay municipality says supplier ITEM Engineering's suspension of the town's prepaid water vending system is illegal, according to Acting CEO Ignasia Neis.

    7 hours ago · Namibian Sun →

  3. Activists urge E-ID rollout delay pending citizenship backlog

    Undocumented Namibians have called on government to suspend the rollout of electronic national identity cards until a years-long backlog of citizenship applications is cleared.

    7 hours ago · Namibian Sun →

Sport

  1. France advances as 48-team World Cup narrows to 16

    France has won all four games so far with 13 goals scored, including a 3-0 defeat of Sweden, and faces Paraguay in the last 16. Kylian Mbappe has scored six goals in the tournament and has 18 in 18 World Cup appearances.

    6 hours ago · The Namibian →

  2. Harry Kane scores twice as England beats DRC at World Cup

    Harry Kane scored two goals in England's 2-1 victory over the Democratic Republic of Congo in the World Cup round of 32, bringing his tournament total to five goals and moving him to sixth on the all-time World Cup goal-scoring list.

    6 hours ago · The Namibian →

  3. Djokovic, Sinner advance; Andreeva exits Wimbledon

    Novak Djokovic defeated Stefanos Tsitsipas 6–3, 6–4, 6–2 to reach the Wimbledon third round in his bid for a record 25th Grand Slam title, while defending champion Jannik Sinner also advanced and French Open champion Mirra Andreeva was knocked out.

    6 hours ago · The Namibian →

  4. Belgium beats Senegal 3-2 in World Cup last-16

    Belgium mounted a comeback from two goals down to defeat Senegal 3-2 in the World Cup knockout round, with Youri Tielemans scoring the winning penalty in the 125th minute. Senegal had led 2-0 through goals from Habib Diarra and Ismaila Sarr but Belgium equalized in the final five minutes before extra time.

    6 hours ago · The Namibian →

World & Region

  1. Trump reported over $1bn crypto earnings in 2025

    US President Donald Trump made more than $1bn from cryptocurrency business dealings in 2025, according to his mandatory financial report.

    7 hours ago · Namibian Sun →

  2. Thousands march in South Africa demanding undocumented migrant removal

    Thousands of people have marched in South Africa's main cities to demand that all undocumented migrants leave the country, with police officers and private security present.

    7 hours ago · Namibian Sun →

Opinion

  1. Namibia's independence: From military struggle to nation-building

    An essay reflecting on Namibia's path to independence, arguing that military victories alone do not create enduring states and that the deepest historical transformations occur through institutional building and reshaping of political imagination beyond armed conflict.

    2 hours ago · Windhoek Observer →

  2. Freedom incomplete 36 years after independence, columnist argues

    Namibian columnist Lazarus Kwedhi argues that despite political independence in 1990, structural inequalities persist: unemployment exceeds 30 percent overall and 60 percent among youth, while inflation and interest rates squeeze households and many families rely on single grants to support multiple generations.

    2 hours ago · Windhoek Observer →

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