Namibia Minute.
Thursday, 23 July 2026
Namibia’s news, on the hour · Est. 2026
Thursday, 23 July 2026
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Business & Economy

Companies, markets, trade, jobs.

Business

Namibia's Financial Institutions Act takes effect May 1, 2026

The News

Namibia has begun implementing the Financial Institutions and Markets Act (FIMA), a consolidated regulatory framework designed to strengthen consumer protection, enhance financial stability, and modernize oversight of the non-banking financial sector by replacing several separate laws.

1 hour ago · Windhoek Observer

Today

  1. Namibia's Financial Institutions Act takes effect May 1, 2026

    Namibia has begun implementing the Financial Institutions and Markets Act (FIMA), a consolidated regulatory framework designed to strengthen consumer protection, enhance financial stability, and modernize oversight of the non-banking financial sector by replacing several separate laws.

    1 hour ago · Windhoek Observer

  2. SuperSpar Keetmanshoop workers delayed over alleged theft

    SuperSpar Keetmanshoop staff will receive their July salaries in two instalments about 10 days apart due to a shortfall caused by alleged internal theft.

    7 hours ago · Namibian Sun

Yesterday

  1. Information Ministry, Swakop Uranium discuss digital partnership

    Namibia's Ministry of Information and Communication Technology and Swakop Uranium have agreed to explore partnerships to advance digital development, focusing on expanding connectivity, improving infrastructure, and promoting digital inclusion. The discussions highlight the government's challenges in deploying telecommunications infrastructure in areas without reliable electricity supply.

    7 hours ago · Informanté

  2. Mercedes launches third-generation CLA 200 locally

    Mercedes-Benz unveiled the latest CLA 200 model, a coupe-sedan featuring advanced technology, a 1.5-litre turbocharged petrol engine with mild-hybrid technology, Dynamic Select modes for customisable driving performance, and fuel economy of 5.1 litres per 100km.

    14 hours ago · The Namibian

  3. Mental health stress impairs business decision-making abilities

    Chronic stress from financial threat impairs the prefrontal cortex responsible for planning and risk assessment, while activating the brain's alarm system. Recent research identifies managerial and strategic failure as a core reason businesses collapse, and the article argues sustained financial stress on founders' brains contributes to Namibia's high small-business failure rate.

    14 hours ago · The Namibian

  4. Hospitality Association defends high beverage prices as market-driven

    The Hospitality Association of Namibia says hotels set their own prices under free-market principles, following public complaints about beverage costs—with Appletisers ranging from N$60 to N$70 at some establishments. The association argues that demand and supply determine pricing, and that hotel prices reflect additional operational costs beyond supermarket shelf prices.

    14 hours ago · The Namibian

  5. DJ Kandy launches Kandy Beauty lip product line

    Windhoek-based DJ and digital solutions analyst Mercy Shoombe, known as DJ Kandy, has launched Kandy Beauty, a new brand that debuted with a range of lip products. She plans to expand the product range over the next three years while building her customer base.

    18 hours ago · The Namibian

  6. Bank of Namibia: Financial system remains sound and stable

    The Bank of Namibia's Macroprudential Oversight Committee concluded that Namibia's financial system remains sound and stable following an assessment of systemic risks and vulnerabilities. Real GDP grew by 2.0% in the first quarter of 2026, rebounding from 0.1% in the final quarter of 2025, with growth projected to reach 2.6% in 2026, though the outlook faces downside risks from geopolitical tensions, weaker global demand, and water supply constraints.

    18 hours ago · Informanté

  7. Namibia Air to launch domestic, regional and international services

    Five years after Air Namibia's collapse, Namibia Air has filed aviation licence applications to operate passenger and cargo services domestically, regionally and internationally, with the government aiming to launch the fully operational joint airline with Botswana by the end of 2026 and Ethiopian Airlines as the strategic operating partner.

    19 hours ago · New Era

  8. Namibia Air proposes sub-N$2000 fares for regional routes

    Namibia Air (Pty) Ltd has proposed one-way ticket prices below N$2,000 on regional routes, with Windhoek-Johannesburg flights estimated at N$1,881.88 and Windhoek-Cape Town at approximately N$1,939.08, excluding airport taxes and security charges. The carrier is seeking Transport Commission approval to operate scheduled and non-scheduled passenger and cargo services, with actual fares to vary by demand, booking periods, and operational factors under a dynamic pricing model.

    22 hours ago · Windhoek Observer

  9. NamWater defends unchanged tariffs since 2019 amid affordability concerns

    NamWater defended its pricing model, stating that its tariffs have remained unchanged since 2019 despite rising operational costs, and argued that increases on household municipal accounts are largely the responsibility of local authorities rather than the state-owned utility. The corporation warned that supplying water below cost indefinitely would threaten its financial sustainability.

    22 hours ago · Windhoek Observer

  10. NSFAF's N$4.3 million recovery lawsuit advances to case management

    The High Court has ordered NSFAF and former chief executive Hilya Nghiwete to file a joint case management report by 4 August 2026 ahead of a case management conference on 11 August 2026. NSFAF is seeking to recover N$4,301,277.36 paid to Nghiwete under an arbitration award that lost its legal basis following a Supreme Court ruling upholding her dismissal.

    22 hours ago · Windhoek Observer

  11. Banking sector assets grew 3.8% to N$195.1 billion in Q1

    The Namibian banking sector remained well capitalised, profitable and liquid in the first quarter of 2026, with total assets increasing by 3.8% to N$195.1 billion, driven mainly by growth in net loans and advances. Credit risk improved as the non-performing loan ratio declined to 4.2%, while the return on assets and return on equity both decreased.

    22 July 2026 · Windhoek Observer

Tuesday 21 July

  1. NamWater says tariffs unchanged since 2019 despite rising costs

    NamWater's Head of Public Relations argued the corporation has been considerate with water pricing, noting that tariffs have not been adjusted for more than five years despite operating on 2019 costs, while acknowledging the corporation has applied for tariff adjustments.

    21 July 2026 · Informanté

  2. Namibia Air plans acquisition of seven aircraft for late 2026 launch

    The government, through Namibia Air, is planning to acquire seven aircraft valued at N$594 million to launch the new airline by late 2026, following Air Namibia's liquidation. The airline has applied for licenses to operate scheduled and charter flights domestically, regionally, and internationally.

    21 July 2026 · The Namibian

  3. Nandi-Ndaitwah urges Namibia-SA shift to manufacturing and value addition

    President Netumbo Nandi-Ndaitwah has called for Namibia and South Africa to move beyond their traditional trade relationship—where Namibia exports raw materials and South Africa supplies finished goods—by investing in industrialisation, value addition and regional manufacturing to create jobs and drive economic growth. She highlighted investment opportunities in agriculture, mining, energy, oil and gas, tourism, fisheries, and green hydrogen.

    21 July 2026 · The Namibian

  4. Nandi-Ndaitwah urges Namibia-SA industrialisation over raw material trade

    President Netumbo Nandi-Ndaitwah called for Namibia and South Africa to move beyond their current trade pattern, where Namibia exports raw materials and imports finished goods, toward greater industrialisation, value addition and regional manufacturing to create jobs and drive economic growth. She highlighted investment opportunities in agriculture, mining, energy, oil and gas, tourism, fisheries, transport and logistics.

    21 July 2026 · The Namibian

  5. Savanna Beef reports N$25.9m loss amid facility ramp-up

    Savanna Beef Processors Limited recorded a group loss of N$25.9 million for the financial year ended 28 February 2026 as it commissioned and ramped up its newly completed abattoir and meat processing facility. The operating loss widened to N$30.9 million from N$13.2 million in the previous year, reflecting costs associated with bringing the facility into production.

    21 July 2026 · Windhoek Observer

  6. Savanna Beef reports N$25.9m loss as abattoir commences operations

    Savanna Beef Processors Limited reported a group loss of N$25.9 million for the year ended 28 February 2026, with operating losses widening as the company commissioned its newly completed abattoir and meat processing facility. The subsidiary Savanna Beef Operations received its taking-over certificate from the contractor on 29 October 2025, with the total project value amounting to N$436.5 million.

    21 July 2026 · Windhoek Observer

  7. Namibia invites businesses to Turkish trade mission in Windhoek

    The Namibia Investment Promotion and Development Board has invited Namibian businesses and companies with investment-ready projects to participate in an upcoming Namibia–Türkiye Trade Mission aimed at strengthening trade and investment links. The mission will bring together local companies and Turkish trade and investment delegates for business-to-business and business-to-government engagements in renewable energy, textiles, fisheries, infrastructure, education, water purification, automotive, and tourism sectors.

    21 July 2026 · Windhoek Observer

  8. Namibia hosts trade mission with Turkish investors and businesses

    The Namibia Investment Promotion and Development Board has invited Namibian businesses with investment-ready projects to participate in a Namibia–Türkiye Trade Mission in Windhoek, coordinated with Turkish trade and investment delegations for B2B and B2G engagements across renewable energy, textiles, fisheries, infrastructure, education, water purification, automotive, and tourism sectors.

    21 July 2026 · Windhoek Observer

  9. ECB approves 3.7% NamPower tariff rise, residents concerned

    The Electricity Control Board approved a 3.7% bulk electricity tariff increase for NamPower effective 1 August 2026, raising the average bulk tariff to N$2.14/kWh. Windhoek residents, landlords and small business owners warn the increase will deepen financial pressure on households and businesses already struggling with rising living costs.

    21 July 2026 · Windhoek Observer

  10. Windhoek residents warn of strain from 3.7% electricity tariff hike

    The Electricity Control Board approved a 3.7% bulk electricity tariff increase for NamPower effective 1 August 2026, raising the average bulk tariff from N$2.06 to N$2.14 per kilowatt-hour. Windhoek residents, landlords, and small business owners say the increase will add to financial pressure as living costs rise, with some landlords warning they may need to raise rents.

    21 July 2026 · Windhoek Observer

  11. Shoprite Namibia workers secure wage increases and improved benefits

    Shoprite Namibia workers will receive salary increases and improved employment benefits after the Namibian Food and Allied Workers Union and the retailer signed a two-year agreement.

    21 July 2026 · Namibian Sun

  12. Telecom Namibia customers may cancel contracts for service failures

    Telecom Namibia has confirmed that customers unable to receive contracted services due to company failures can cancel their contracts.

    21 July 2026 · Namibian Sun

Monday 20 July

  1. Government spent N$90 million to reduce electricity tariff increase

    The Namibian government allocated N$90 million (N$50 million from the Long Run Marginal Cost Fund and N$40 million from the National Energy Fund) to cushion consumers against higher electricity tariffs. The ECB approved a 3.7% bulk tariff increase from 1 August 2026, down from NamPower's 8.4% application, bringing the average bulk tariff to N$2.14 per kWh from N$2.06 per kWh.

    20 July 2026 · Informanté

  2. Baronice Hans appointed CEO of Lady Pohamba Private Hospital

    Lady Pohamba Private Hospital has appointed Chartered Accountant Baronice Hans as its new Chief Executive Officer, effective 1 September 2026. Hans joins from Bank Windhoek, where she served as Managing Director for nine years.

    20 July 2026 · Informanté

  3. Cabinet directs crediting ex-Meatco CEO for revenue growth

    Cabinet has directed the agriculture ministry to ensure that former Meatco chief executive Mwilima Mushokabanji is formally credited for the state-owned company's 55% revenue increase.

    20 July 2026 · Namibian Sun

  4. RFA warns of likely road user charge increases

    The Road Fund Administration has warned that Namibians should expect steady increases in road user charges as demand for road infrastructure grows.

    20 July 2026 · Namibian Sun

Sunday 19 July

  1. Hyphen facilitates President's meeting with Chinese partner CC7

    Hyphen Hydrogen Energy has facilitated a strategic engagement between President Nandi-Ndaitwah and her ministerial delegation with China National Chemical Engineering Corporation 7 (CC7) in Chengdu, China, to advance international cooperation and collaboration on Namibia's green energy transition.

    19 July 2026 · Informanté

  2. Windhoek launches N$12-million streetlight mapping initiative

    The City of Windhoek has begun a 28-month project to digitally map and inspect over 17,000 municipal streetlight poles to improve public safety, reduce maintenance delays, and modernise infrastructure management.

    19 July 2026 · The Namibian

  3. Windhoek launches N$12m digital streetlight survey project

    The City of Windhoek has launched a N$12 million Streetlight Survey Project to digitally map and inspect more than 17,000 municipal streetlights over 28 months, aiming to improve public safety, maintenance and infrastructure management through physical inspection and creation of a comprehensive digital asset register.

    19 July 2026 · Windhoek Observer

Saturday 18 July

  1. Namibia's trade deficit with South Africa totals N$28.63 billion

    Namibia's total trade with South Africa reached N$86 billion in 2025, with imports of N$57.84 billion against exports of N$29.21 billion, reflecting a persistent trade deficit driven by structural industrial gaps, according to the Minister of International Relations and Trade at the Namibia-South Africa Bi-National Commission meeting.

    18 July 2026 · Informanté

Friday 17 July

  1. NamWater begins N$219.7 million pipeline replacement project

    NamWater has started construction of the Naute–Keetmanshoop Water Pipeline Replacement Project, valued at N$219,697,642.12 inclusive of VAT and fully funded by the corporation. The existing pipeline has been in service since 1972.

    17 July 2026 · Informanté

  2. FIMA rules threaten pensioners' access to housing loans

    Since the Financial Institutions and Markets Act took effect in May 2026, concerns have arisen that Section 282(2) may unintentionally prevent thousands of pensioners from accessing affordable housing finance from their retirement funds. Industry experts worry the rule requiring a first mortgage bond for direct housing loans is hampering the consumer protection the Act was meant to provide.

    17 July 2026 · New Era

  3. SHP Accounting Services achieves global AICPA & CIMA training accreditation

    SHP Accounting Services CC has been awarded the AICPA & CIMA Training Quality Partner certificate, a globally recognised accreditation acknowledging organisations that meet the highest quality standards for training chartered management accountants. The accreditation confirms that the firm's training environment meets quality standards established by the Association of International Certified Professional Accountants and CIMA.

    17 July 2026 · The Namibian

  4. SHP Accounting Services CC earns AICPA & Cima training accreditation

    SHP Accounting Services CC has been awarded the AICPA & Cima Training Quality Partner certificate, a globally recognised accreditation acknowledging organisations meeting the highest quality standards for training chartered management accountants. The firm, founded in 2012 and launched in October 2016, provides accounting, taxation, audits, payroll and business advisory services.

    17 July 2026 · The Namibian

  5. NUST student wins Best Nail Salon award running side business

    Josefina Mutumbulwa, a 22-year-old fourth-year Mechanical Engineering student at NUST, has won the Best Nail Salon 2026 award at the Best of Namibia Awards for her nail artistry business, Joja.nailed-it, which she has been running for three years while balancing her studies. She provides services from her room and also trains aspiring nail technicians.

    17 July 2026 · Windhoek Observer

  6. NIDA faces N$3.1m damages claim over Rundu go-karting lease

    Phat Pharm Construction is suing NIDA for more than N$3.1 million over an alleged breach of a lease agreement for a go-karting facility at the Rundu Convention Centre. Justice Gladice Pickering is scheduled to deliver judgment on 17 July 2026.

    17 July 2026 · Windhoek Observer

  7. NIDA faces N$3.1m lawsuit over go-karting facility dispute

    The Namibia Industrial Development Agency is being sued by Phat Pharm Construction for more than N$3.1 million in damages over an alleged breach of a lease agreement to develop a go-karting facility at the Rundu Convention Centre. The High Court is set to deliver judgment on the dispute on 17 July 2026.

    17 July 2026 · Windhoek Observer

  8. Ghanaian businessman owes Meatco N$300,000 in beef deal

    A Ghanaian businessman who helped open the West African market to beef from Namibia's northern communal areas still owes the Meat Corporation of Namibia N$300,000.

    17 July 2026 · Namibian Sun

  9. 58-year-old entrepreneur builds manufacturing business

    Magreth Tsuses, founder and CEO of Eden Manufacturers CC, demonstrates that entrepreneurial success is not age-dependent, continuing to expand his business ambitions at 58.

    17 July 2026 · Namibian Sun

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