For years, building wealth in Namibia appeared to be reserved for a lucky few, high-paid professionals, successful businesses personalities, or wealth passed down from generations. Traditional investment vehicles like housing, shares, and pension assets have been the cornerstones of building wealth, yet beyond the financial reach of ordinary citizens. This narrative is set to change.
At least 40 successful candidates who have applied for business training under the MTC 4 Life program, have commenced the hands-on three-weeks long training.
• By Stefanus Nashama
The Namibia Tourism Board (NTB), in collaboration with 37 local tourism stakeholders, represented the country at Africa’s Travel Indaba 2025, this week.
Organised by South African Tourism, the three-day Indaba, is hailed as one of the continent’s largest and most prestigious leisure tourism trade. It kicked off on 13 May in Durban and ended on Thursday.
By Patience Makwele
The Electricity Control Board (ECB) on Tuesday approved a 3.8 % increase in NamPower’s bulk electricity tariff for the 2025/2026 financial year, significantly lower than the 17.44 % originally requested by the power utility.
The adjusted tariff will see electricity rates rise from N$1.9856 to N$2.06 per kilowatt-hour (kWh), effective 1 July 2025, and remains applicable until 30 June 2026.
By Jeremiah Ndjoze
Namibia’s trade balance took a turn for the worse in March 2025, standing at a deficit of N$2.7 billion, when compared to the N$2.0 billion recorded the previous month. The scenario, however, presents a significant improvement when compared to the same month last year, which recorded a trade deficit of N$4.6 billion. The trade balance refers to the difference in value between a country’s imports and exports.
A recent sighting of crocodile in the Okatyali constituency of Oshana region has triggered a wave of panic among the inhabitants.
This comes hot on the heels of the disappearance of a cattle herder in the area, which has sparked speculation among community members that the reptile might have something to do it.
THE Namibian Police is warning members of the public in the Ohangwena, Omusati and Kunene regions to be cautious of roaming elephants that are causing havoc in some constituencies in those regions. According to police Senior Inspector Anna Kunga of Omusati region, elephants were recently seen feeding in mahangu fields at Onyalala and Ontanda villages in that region.
As a result, Kunga warned farmers and members of the public not to disturb the elephants.
• By Jeremiah Ndjoze
Over the past four years, Namibia has attracted over N$114.9 billion in net Foreign Direct Investment (FDI) inflows, including N$56 billion into sectors beyond oil and gas. This was said by International Relations and Trade Deputy Minister, Jenelly Matundu, who made these remarks while officiating at the inaugural Foreign Direct Investment Report launch, in Windhoek, this week.
• By Marx Itamalo
OKAHAO mayor Cornelia Iiyambula has called upon all businesses and private individuals who made pledges during the Ehao Expo gala dinner a fortnight ago, to honour their end of the bargain. The mayor indicated that the event held recently, raised a total of N$ 550 000 in pledges before pleading with those who made promises to pay up by end of May 2025.
The Walvis Bay State Hospital is currently operating without a functioning ambulance, which residents say, could be the only determining factor on whether a patient lives or dies during critical and life-threating emergencies. Patients and their families are now forced to make their own transport arrangements or rent a private ambulance, which are often costly.