Namibia’s currency circulation hits N$5.6 billion

At the end of 2024, the total value of Namibian currency (both coins and banknotes) in circulation within the Namibian economy was N$5.6 billion. “In 2024, the Namibian economy saw a 6.9% increase in currency circulation, rising from N$5.2 billion in 2023 …

Boxing duo set to bring back victory to Namibia

Erasmus Shalihaxwe Boxing promoter Nestor Tobias says it is not easy for African boxers to get international fights, but Namibians like Jeremiah Nakathila and Jon Ndjolonimus have earned their place. Tobias, founder and owner of the MTC Nestor Tobias …

Bank of Namibia launches enhanced N$50 Note

The Bank of Namibia has completed a series of currency enhancements, launching the modified fifty-dollar note in response to evolving market demands. Over the past three years, the Bank of Namibia upgraded other banknotes, including the 10, 20, 100, and …

Namibia plans to electrify over 200,000 homes by 2030

WINDHOEK, May 13 (Xinhua) -- Namibia has set a national target to connect more than 200,000 households to the grid by 2030 to improve the standard of living and promote inclusive economic development, a senior official said Tuesday. During a national …

Namibia's Central Bank embraces Ghana's 'Gold Purchase Programme'

Namibia has become the latest African country to emulate Ghana's gold purchase programme by the Bank of Ghana which was launched three years ago in the midst of the global economic crisis. Former Vice President of Ghana, Dr Mahamudu Bawumia proposed …

Namibia's inflation slows to 3.6 pct in April

WINDHOEK, May 13 (Xinhua) -- Namibia's annual inflation rate slowed to 3.6 percent in April 2025, down from 4.8 percent recorded during the same month last year, the Namibia Statistics Agency (NSA) said in its latest Consumer Price Index (CPI) bulletin …

Offshore Oil Exploration Booms in Namibia with Key Decisions Looming

Namibia expects France’s TotalEnergies and Norway’s BW Energy to take final investment decisions on oil projects offshore the African country in late 2026, a senior Namibian official says.    TotalEnergies is expected to submit this summer a field …

TotalEnergies, BWEnergy set to decide on Namibia projects late next year, minister says

PARIS: Namibia expects French oil major TotalEnergies to take a final investment decision (FID) on its Venus discovery in the African country in the fourth quarter of 2026, the country's petroleum commissioner said on Tuesday. Maggy Shino said at a …

Namibia Charts New Offshore Safety Era with Bold, Africa-Inspired Regulatory Blueprint

Bank of Namibia launches modified N$50 banknote

Staff Reporter The Bank of Namibia (BoN) has officially unveiled the modified N$50 banknote as part of its ongoing efforts to meet changing market demands and enhance security features in response to increasingly advanced counterfeiting methods. The …