💼 Business Namibia
Government cuts hake quota by 13% amid stock declines, urges domestic fish supply as FMD strains meat market
The Ministry of Agriculture, Fisheries, Water and Land Reform has announced a reduction in the Total Allowable Catch (TAC) for hake for the 2026/2027 fishing season, dropping the quota by 17,000 metric tons from 133,000 MT to 116,000 MT. The 13% reduction follows a Cabinet decision prompted by declining fish stocks, reinforcing a precautionary management […]
Click to read the full story →Inflation rises to 5.6% in October – NSA
The annual headline inflation rate accelerated to 5.6% in October 2026, marking a significant increase from the 3.6% recorded during the same month last year, according to the latest figures released by the Namibia Statistics Agency (NSA). Monthly, the consumer price index ticked up to 0.7%, rising from 0.4% in September. Meanwhile, core inflation remained […]
Click to read the full story →US$2.5 billion mega-pipeline and storage hub launched in Walvis Bay to secure regional fuel supply
Government and industry leaders gathered along the harbor on Wednesday to unveil a massive US$2.5 billion petroleum storage and regional pipeline project, a landmark initiative designed to shield the nation from volatile global oil markets while supplying fuel to surrounding landlocked neighbours. The multi-billion-dollar infrastructure project aims to expand domestic fuel storage reserves significantly while […]
Click to read the full story →Who will make money from Namibia’s oil boom?
Billions of dollars are being committed to offshore exploration, but the question of how much Namibian businesses will earn from the industry remains largely unanswered. Elvis Mboya Namibia is preparing for an oil industry that could change the country’s economy. International companies are spending millions of dollars on exploration. The government is putting policies in place to ensure that Namibians benefit when commercial production begins. But there is a question that d…
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