Finance Minister Ericah Shafudah has said the 2025-26 financial year is anticipated to be an eventful year from a financing perspective.
Shafudah pointed out that the government is faced with the redemption of a US$750 million Eurobond on 29 October this year.
Finance Minister Ericah Shafudah has tabled a budget of N$106.3 billion for the 2025-2026 financial year, the maiden budget of the new administration of President Netumbo Nandi-Ndaitwah.
The budget, themed "Beyond 35, for a Prosperous Future", marks an increase of 22.6% from the previous year.
The tourism officer for the Erongo and Kunene regions, Suama Nambala, has highlighted the immense contribution cruise lines make to Namibia's growing tourism sector, emphasising their vital role in providing a much-needed economic boost to the country.
Business leaders paid tribute to Namibia's late leader for his major role in helping to bring Namibia's economy to growth.
The Oshana Regional Council on Friday rolled-out a programme to support goat farmers.
The Director of Planning in the Oshana Regional Council Teopolina Mbangula says the initiative is aimed at empowering local farmers and enhancing food security, while growing the local economy.
The gross domestic product for the first quarter of 2024 indicates exceptional growth in most economic sectors.
This was highlighted in the capital by the Namibia Statistics Agency at the release of GDP for the first quarter of 2024.
Namibia's economy is reported to have recovered in 2023 and will see a strong rebound in mineral production.
This was revealed by the International Monetary Fund at a media briefing on its mission conclusion for Namibia.
Erongo Governor Neville Andre said that the current state of the economy will have a negative impact on regional electricity distributors in the region.
Organisers of the Discover Namibia Intra Africa Trade Expo and small business owners are hopeful that the upcoming event will boost the economy of Swakopmund.
Preparations for the event are in full swing at the Germina Shitaleni Multi-purpose Centre at Mondesa.
The fishing sector remains one of the top industries, contributing to the country's economic growth, Gross Domestic Product, and export earnings, despite hardship and a bleak financial outlook the past two years.
