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SME Economic Recovery Loan Scheme Disburses N$462 Million - Issue #28☕
The Small and Medium Enterprises (SME) Economic Recovery Loan Scheme has disbursed N$462 million by the end of 2024, representing 92.4% of the N$500 million allocated to support struggling businesses. The initiative, a collaboration between the Bank of Namibia (BoN) and the Ministry of Finance and Public Enterprises, aims to revive Namibia’s SME sector through targeted financial assistance. fgghh
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SME Economic Recovery Loan Scheme Disburses N$462 Million - Issue #28☕
The Small and Medium Enterprises (SME) Economic Recovery Loan Scheme has disbursed N$462 million by the end of 2024, representing 92.4% of the N$500 million allocated to support struggling businesses. The initiative, a collaboration between the Bank of Namibia (BoN) and the Ministry of Finance and Public Enterprises, aims to revive Namibia’s SME sector through targeted financial assistance. fgghh
Checkers Leads on Grocery Prices - Issue #27☕
Checkers has taken the lead as the most budget-friendly grocery store in March 2025, offering a standard grocery basket for just N$945.74. This marks a notable shift from February, when Metro held the title of cheapest retailer, signaling a win for savvy shoppers looking to stretch their dollars this month.
Finance Minister Tables N$106.3 Billion Budget for 2025/26 Financial Year - Issue #26☕
Namibia’s Minister of Finance and Social Grants Management, Erica Shafudah, has unveiled a N$106.3 billion budget for the 2025/26 financial year, marking a N$6.2 billion increase from last year’s Budget.
EAN Hosted a Public Discussion on 2025 National Budget - #Issue #25☕
The Economic Association of Namibia (EAN) held a pivotal public discussion yesterday at the Hilton Hotel in Windhoek, under the theme "Balancing Growth and Social Upliftment: The National Budget in a New Dispensation." The event brought together policymakers, economists, academics, and civil society to analyze the 2025 National Budget and its alignment with the development goals of President Netumbo Nandi-Ndaitwah’s administration.
Namibia Slashes Net Borrowing by 43.6% in 2024 - Issue #24☕
The Namibian government has made significant strides in fiscal consolidation, reducing net borrowing to N$4.5 billion in 2024, a remarkable 43.6% decline from N$8 billion in 2023, according to the Namibia Statistics Agency (NSA).
Debmarine Namibia Faces A 38% Revenue Drop - #Issue 22☕
Debmarine Namibia has reported a significant 38% decline in revenue to N$8.5 billion for 2024, primarily due to reduced diamond prices and lower production levels. The company mined 2.234 million carats of rough diamonds, a 4% decrease from 2023.
Namibia's Banking Sector Under Scrutiny: Parliament Calls for Urgent Regulation! -☕ #Issue 21
The Parliament Standing Committee on Economics and Public Administration is sounding the alarm for clearer regulations on bank charges in Namibia! Chairperson Natangue Ithete emphasized that commercial banks must operate fairly and transparently, highlighting the need for a thorough investigation into their conduct.
N$3.4 Million Recovered in Tax Crackdown☕- #Issue 20
The Namibia Revenue Agency (NamRA) is making waves in its fight against tax evasion and financial misconduct. In November and December 2024, NamRA recovered a significant N$3.4 million from three companies following assessments worth N$15.8 million.
Namibia Bets Big on Logistics with New N$TBD Nambaza Park☕- Issue #18
Namibia is making a bold play to become a regional logistics hub, breaking ground on the massive Nambaza Logistics Park in Walvis Bay. President Nangolo Mbumba officiated the ceremony, signaling the government's strong backing for this ambitious project.
