Affirmative Repositioning MP George Kambala has emphasised that Namibia cannot borrow its way to prosperity if it fails to invest in productivity.

Rising fuel prices, the threat of capital outflows, and the need to protect Namibia's international reserves have prompted the Bank of Namibia to raise its Repo rate by 25 basis points to 7%.

Finance Minister Erica Shafudah is expected to table the mid-term budget in the National Assembly tomorrow. 

The budget will outline proposed adjustments to government spending for the remainder of the 2026/2027 financial year.

Namibia’s annual inflation rate accelerated to 5% in August 2026, reaching its highest level since February 2024.

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.