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Bank Windhoek says it has granted its staff members an 8.5% increase on their salary, rental and transport allowances for the fiscal year 2023/2024, owing to an increase in revenue.

Namibia’s economy grew by N$7.3 billion to N$58.6 billion in the second quarter of 2023, latest data from the Namibia Statistics Agency shows. 

President Hage Geingob says Namibia aims to mobilise N$22.7 billion this year through public-private collaboration and targeted economic diplomacy, to address sustainable development goals and climate change.

 

 President Hage Geingob said the US is missing out on a chance to invest in green hydrogen projects and mineral resources in the southern African nation, while the European Union is showing great interest.

The Ministry of Agriculture, Water and Land Reform says it has received 168 tractors from the 350 procured to help boost agricultural productivity in the country.

The Motor Vehicle Accident (MVA) Fund says it is conducting a traffic impact assessment for the construction of the country’s first dedicated, specialised trauma and rehabilitation facility in Katutura.

Namibia is experiencing a remarkable surge in European tourist arrivals, with the market constituting 72.3% of the total visitors in August 2023, latest data shows.

Power Invest says the proposed Nathaniel Maxuilili Power Plant in Walvis Bay is projected to cost over N$14 billion to develop and generate approximately 586 megawatts (MW) of electricity.

The Tyre Import Association of South Africa (Tiasa) has raised concerns over the alleged failure of Namibia to implement the Southern Africa Customs Union (SACU) regulations related to recent anti-dumping duties on tyres. 

The Namibia Investment Promotion and Development Board (NIPDB) is set to promote investment opportunities in Namibia on the margins of the United Nations General Assembly summit underway in the United States of America (USA) to boost the inflow of foreign direct investment (FDI).

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