First National Bank of Namibiasecureda N$250 000 sponsorship for the 2026 edition of the EFN awards
Source
“This comes as the EFN secured a N$250 000 sponsorship from First National Bank of Namibia (FNB) for the 2026 edition of the awards, scheduled for early June in Windhoek.”
First National Bank of NamibiaemployedAdriano Visagie as a banker
Source
“A multi-award-winning actor, master of ceremonies, activist, media personality, banker at First National Bank of Namibia and final-year student in human resources, Adriano Visagie is a firm believer that tough circumstances can bring out the best in you.”
Namibia's headline inflation increased to 3.1% year-on-year in April 2026, driven mainly by rising transport costs stemming from fuel price increases due to geopolitical tensions. An economic analyst at FNB warns that further transport price increases and supply chain disruptions could push food prices higher if external pressures persist.
Why it matters
Headline inflation rise to 3.1% signals real pressure on household costs and economic conditions facing Namibians.
Namibia's headline inflation increased to 3.1% year-on-year in April 2026, driven mainly by rising transport costs stemming from fuel price increases due to geopolitical tensions. An economic analyst at FNB warns that further transport price increases and supply chain disruptions could push food prices higher if external pressures persist.
Namibia's four largest commercial banks saw loan impairments surge from N$230 million in June 2015 to a peak of N$1.5 billion in December 2020 before gradually stabilising. Impairments have since eased, declining to N$640 million by 2022 and settling at N$760 million by year-end 2024.
The Editors' Forum of Namibia will exclude non-member media houses from its annual journalism awards from 2027 onwards, citing the need to ensure all participants are subject to the same ethical standards and accountability mechanisms. The 2026 edition, sponsored by First National Bank with N$250 000, will remain open to all journalists and introduces a new cybercrime reporting category.
Robert Eiman, chief executive of Nampost Financial Brokers, has been appointed as the new chief executive of Agribank effective 1 July, succeeding Raphael Karuaihe who retired in March.
RMB Namibia has provided Telecom Namibia with a N$405 million seven-year social loan to upgrade infrastructure and expand connectivity, particularly to underserved areas, through fibre-to-the-home rollout and mobile network upgrades. The investment aims to improve digital access across the country and reduce the connectivity gap between urban and rural areas.
Telecommunications company MTC rewarded Namibia's national women's football team with N$300 000 following their triumph at the Cosafa Women's Cup, with each player and technical team member receiving N$10 000. Officials emphasised the importance of corporate partnerships in strengthening women's football and called for continued private-sector support.
A former Ministry of Gender and Child Welfare official and his girlfriend were arrested for allegedly converting child grant applications into disability payments without beneficiary consent and depositing fraudulently obtained funds into personal bank accounts. Both were granted combined bail of N$315,000 and are set to reappear on 3 June.
Vice President Lucia Witbooi unveiled a tombstone honouring victims of the 19 February 1988 bombing of Barclays Bank in Oshakati, which killed innocent civilians during Namibia's liberation struggle. She emphasised reconciliation as a cornerstone of national identity and urged the nation to reject violence and uphold democracy.