Purchasing a new construction home or opting to buy a plot and acquiring the services of a contractor to build your home are becoming popular options for homebuyers. 

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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. 

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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. 

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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. 

Some farming areas in Namibia are faced with severe forage scarcity, especially grazing materials due to overgrazing and drought conditions.

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The Road Fund Administration (RFA) says it is striving to tackle a hefty funding gap of N$3.6 billion in 2024/25 through a N$1 fuel levy increase. 

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The Road Fund Administration (RFA) has warned that the condition of the road network and the growing funding gap are expected to drive vehicle maintenance costs for Namibians to a staggering N$42 billion by 2028. 

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An Old Mutual Financial Services Monitor (OMFSM) report estimates that approximately 40% of working Namibians currently hold personal loans.

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