Meat Corporation of Namibia has recorded a profit after tax of N$40,5 million for the year ended 31 January 2026, despite a 53% decline in cattle throughput.

This was revealed in its annual financial statements for the financial year ended 31 January 2026, released on Monday.

More than half of income earners – amounting to 54% – earn N$2,000 or less per month, highlighting the country's low-income reality.

Namibia's domestic borrowing strategy has come under scrutiny, with experts questioning whether it is a sustainable way to manage the country's debt.

Finance Minister Erica Shafudah has announced that NamRA has been instructed to ensure that they improve on the processing of refunds, with the period for processing refunds having been reduced from 90 to 60 days.

The Chamber of Mines of Namibia's Chief Executive Officer, Fabian Shaanika, has launched the 13th Mining Expo and Conference, set to take place from the 4th to the 6th of August in Windhoek.

President Netumbo Nandi-Ndaitwah has moved to elevate Namibia's partnership with China, placing youth employment, trade and investment at the centre of talks as she opened her state visit in Guangdong Province.

Strong partnerships between the public and private sectors are the only way to achieve sustainable economic growth, industrialisation, and job creation.

The Minister of Finance Erica Shafudah has welcomed Namibia's delisting from the grey list of the Financial Action Task Force (FATF).

The Namibia Revenue Agency Commissioner, Sam Shivute, said its partnership with the National Youth Service will help develop a disciplined and skilled workforce capable of supporting Namibia's economic ambitions.

President Netumbo Nandi Ndaitwah said despite recent improvements, more needs to be done to reduce youth unemployment in the country.

She said this in remarks delivered on her behalf at the opening of the 3rd General Assembly of the National Youth Council of Namibia at Swakopmund.