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The Namibian Ports Authority (Namport) is targeting to start port expansion at Lüderitz next year to facilitate the implementation of the country's impending oil and gas developments. 

The Ministry of Health and Social Services says it has directed N$3.37 billion on capital projects out of a total allocation of N$75.41 billion over the past 11 years.

The International Monetary Fund (IMF) has recommended the Bank of Namibia to implement countercyclical capital requirements as a means to bolster the nation's economic stability.

Mines and Energy Minister Tom Alweendo says government is scaling up efforts to remove constraints that inhibit entrepreneurship activities and the growth of small businesses into medium- and large-scale competitive enterprises.

The Namibia Revenue Agency (NamRA) is structuring an independent auditing department that will only focus on the oil, gas and renewable sectors to curb tax evasion and maximise revenue collection in these sectors, an official has revealed.

The Minister of Finance and Public Enterprises, Iipumbu Shiimi, has revealed that Members of Parliament are set to receive a pension-backed home loan after entering into an agreement with Standard Bank.

Namibia recorded a trade deficit of N$3.3 billion during the month of September compared to N$4.9 billion and N$2.6 billion recorded in August 2023 and September 2022, respectively, latest data reveals. 

Namibia's credit market saw a modest uptick in the third quarter of 2023, with total credit extended reaching N$357.1 billion, latest data shows. 

The Environmental Investment Fund of Namibia (EIF), through the Green Resilient Recovery Rapid Readiness Support in Namibia, will spend N$5 million on a green hydrogen feasibility study.

First National Bank of Namibia, in partnership with the Namibia Special Risk Insurance Association (NASRIA), has extended N$83 million to address credit limitations issues faced by aspiring entrepreneurs. 

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