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Namibia to Create Over 3,600 Jobs Through Global Accelerator Project in 2025-# ISSUE39☕
Namibia is set to roll out the Global Accelerator project during the current financial year, aiming to generate more than 3,600 jobs primarily through the biomass sector and other sustainable industries.
DBN Disburses N$750 Million to SMEs Amid Steep Drop in Loan Approvals - ISSUE #38☕
The Development Bank of Namibia (DBN) has channeled nearly N$750 million to small and medium-sized enterprises (SMEs) from 2020 to 2024, but loan approvals have plummeted by 66% over the same period, raising concerns about access to finance for small businesses.
20Twenty Issues N$350 Million in Home Loans, Delivers N$10.7 Million in Client Savings- # ISSUE 37☕
20Twenty Financial Solutions has rapidly emerged as a disruptor in Namibia’s home loan market, issuing N$350 million in home loans since its 2022 launch and saving clients over N$10.7 million in interest costs compared to traditional bank offerings.
Namibia Misses 2025 Logistics Hub Target, Master Plan Gets an Overhaul- # ISSUE 34☕
Namibia’s ambition to become southern Africa’s logistics powerhouse by 2025 has hit a speed bump. The country has fallen short of the Fourth National Development Plan (NDP4) target to transform itself into a regional logistics hub, prompting officials to revisit and revise the master plan.
Namibia-UK Trade Triples to N$9 Billion - Issue #33☕
Namibia’s trade with the United Kingdom (UK) has surged from N$3 billion in 2021 to N$9 billion in 2025, driven primarily by exports in agriculture and machinery. Outgoing British High Commissioner Charles Moore highlighted this growth during his farewell visit to State House, where President Netumbo Nandi-Ndaitwah emphasized the need for deeper collaboration on climate change alongside trade and investment.
China Faces Economic Headwinds as Trump’s 104% Tariffs Take Effect - Issue #32☕
China's economy is bracing for significant disruption following the imposition of 104% tariffs on Chinese goods by the United States under President Donald Trump’s trade policy. Despite Beijing's efforts to tariff-proof its economy by boosting domestic consumption and investing in key industries, analysts warn that the country remains critically vulnerable to the economic fallout.
Microsoft Launches AI Cybersecurity Agents to Tackle Evolving Threats -Issue #30☕
Microsoft has unveiled 11 new AI-powered agents for its Security Copilot platform, aiming to automate critical cybersecurity tasks and address the growing complexity of cyber threats. The rollout includes six in-house agents and five developed in collaboration with partners, marking a significant step in leveraging AI for organizational defense.
US Imposes 21% Import Tariff on Namibian Goods - Issue #29☕
The United States has rolled out a 21% tariff on Namibian imports as part of a broad “reciprocal” trade policy unveiled by President Donald Trump on April 2, 2025, during a White House event dubbed “Make America Wealthy Again.” With Namibian goods like uranium and fish now facing higher costs, this move could shake things up for local exporters.
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