The Brief

The Brief Namibia's leading Daily Business, Finance and Economic News publication

Our Tuesday edition is out now – catch up on the latest business and finance news from Namibia. Read it here, click here...
02/06/2026

Our Tuesday edition is out now – catch up on the latest business and finance news from Namibia. Read it here, click here:
https://epaper.thebrief24.com/2026/June/The-Brief-02-June-2026.pdf

to join our WhatsApp channel to get The Brief straight to your phone on https://whatsapp.com/channel/0029Va3Fe3j8V0twuTyCRm2g… to get our daily edition and stay updated with Namibia’s business and finance news, every weekday.

02/06/2026

Martha Murorua, CEO of Nedbank Namibia, has officially assumed the role of Chairperson of the Bankers Association of Namibia.

In her remarks, she highlighted the importance of collaboration across the banking sector, stronger engagement with regulators, and a continued commitment to advancing financial inclusion.

Murorua said Namibia stands at a critical economic juncture, with opportunities emerging in sectors such as green energy and infrastructure. She stressed that the key challenge is ensuring that all Namibians benefit from this growth.

She pledged to strengthen the banking sector’s role in supporting sustainable and inclusive economic development.

Nedbank Namibia Bank of Namibia

JSE-listed gaming and hospitality group Sun International is set to launch its online betting platform, SunBet, in Namib...
02/06/2026

JSE-listed gaming and hospitality group Sun International is set to launch its online betting platform, SunBet, in Namibia as it expands its footprint across Africa's growing digital gaming market.

The launch will make Namibia the third African market for SunBet and forms part of the group's strategy to strengthen its position in the continent's online gaming and sports betting sector.

SunBet will operate on technology provided by Bede Gaming, which will power the platform's digital betting and gaming services.

SunBet Chief Executive Officer Simon Gregory said the Namibian launch represents a key milestone in the company's regional growth strategy.

https://thebrief.com.na/2026/06/sun-international-bets-on-namibia-in-africa-expansion-drive/

The Bankers Association of Namibia (BAN) has appointed Nedbank Namibia Chief Executive Officer Martha Murorua as its new...
02/06/2026

The Bankers Association of Namibia (BAN) has appointed Nedbank Namibia Chief Executive Officer Martha Murorua as its new Chairperson.

Murorua succeeds Letshego Namibia Chief Executive Officer Ester Kali, who completed her one-year tenure as Chairperson.

Speaking at the handover ceremony on Tuesday, Murorua stressed the importance of collaboration between banks, regulators and other stakeholders in maintaining a stable, resilient and responsive financial system.

She said the banking sector must continue to play a central role in supporting economic participation by broadening access to finance and supporting the growth of small businesses.

https://thebrief.com.na/2026/06/nedbanks-martha-murorua-takes-over-as-bankers-association-chair/

The Shoprite Group says it has provided nearly 60 local gardeners and farming cooperatives with direct access to consume...
02/06/2026

The Shoprite Group says it has provided nearly 60 local gardeners and farming cooperatives with direct access to consumers through its annual Market Day initiative, helping small-scale farmers sell fresh produce, gain retail experience and strengthen their businesses.

Among the participants were members of Groot Aub Fresh Producers, a community gardening project that cultivates crops including beetroot, carrots, chillies, herbs, spinach and peppers.

The initiative forms part of Shoprite's broader efforts to support local food production and strengthen food security across southern Africa.

Groot Aub Fresh Producers is one of more than 300 community gardens supported by the Shoprite Group through its Act For Change programme, which provides training, seedlings and infrastructure to community-based agricultural projects.

https://thebrief.com.na/2026/06/shoprite-gives-namibian-community-farmers-direct-access-to-consumers/

Telecom Namibia Chief Executive Officer Stanley Shanapinda is set to leave the state-owned telecommunications company af...
02/06/2026

Telecom Namibia Chief Executive Officer Stanley Shanapinda is set to leave the state-owned telecommunications company after being appointed Executive Secretary of the Communications Regulators' Association of Southern Africa (CRASA).

CRASA announced that Shanapinda will assume the regional role on 1 July 2026 following his appointment by the association's Special General Meeting held on 27 May after a competitive selection process.

His appointment marks his departure from Telecom Namibia, where he has served as Chief Executive Officer since January 2021.

Shanapinda will take over leadership of the regional body responsible for coordinating and harmonising communications, ICT and postal regulation across Southern African Development Community (SADC) member states.

https://thebrief.com.na/2026/06/stanley-shanapinda-to-leave-telecom-namibia-for-top-regional-ict-role/

The Namibian government increased its borrowing from local banks by N$20.4 billion over the past year, pushing its total...
02/06/2026

The Namibian government increased its borrowing from local banks by N$20.4 billion over the past year, pushing its total debt exposure to the domestic banking system to N$52.4 billion in April 2026 and raising concerns about future inflationary pressures.

According to Simonis Storm Economist Almandro Jansen, government borrowing from the banking sector surged by 63.6% compared to a year earlier, making it the biggest driver of money supply growth in the economy.

The sharp increase means more money has been injected into the financial system through government spending, helping boost liquidity in the economy but also increasing the risk of inflation if the trend continues.

"We reiterate our observation from the March publication that fiscal-driven monetary expansion of this magnitude has historically preceded inflation pressures in small open economies with fixed exchange rate arrangements," Jansen said.

https://thebrief.com.na/2026/06/govt-debt-to-local-banks-climbs-to-n52-4-billion/

A sharp rise in short-term overdraft borrowing by businesses and households pushed Namibia's private sector credit growt...
02/06/2026

A sharp rise in short-term overdraft borrowing by businesses and households pushed Namibia's private sector credit growth to its highest level in seven months during April, signalling growing demand for liquidity rather than investment.

Private Sector Credit Extension (PSCE) accelerated to 4.8% year-on-year in April 2026 from 4.3% in March, marking the strongest expansion since the start of the year and the highest level since September 2025.

According to FNB Graduate Analyst Ndateelela Amukuhu, the increase was largely driven by a surge in overdraft lending across both corporates and households.

“Private Sector Credit Extension (PSCE) increased to 4.8% year-on-year (y/y) in April 2026, from 4.3% y/y in March 2026, marking the strongest expansion since the start of the year and the highest level seen since September last year. The pickup was largely driven by a surge in overdraft lending across both households and corporates,” she said.

https://thebrief.com.na/2026/06/overdraft-borrowing-pushes-namibia-credit-growth-to-seven-month-high/

Swiss leisure airline Edelweiss has launched direct flights between Windhoek and Zurich, strengthening air connectivity ...
02/06/2026

Swiss leisure airline Edelweiss has launched direct flights between Windhoek and Zurich, strengthening air connectivity between Namibia and Europe and expanding access to the wider Lufthansa Group network.

The inaugural flight, WK83, departed Hosea Kutako International Airport on Monday evening with 253 passengers on board.

A ceremony was held before departure to mark the launch of the new route, attended by Edelweiss Chief Executive Officer Bernd Bauer, Swiss Ambassador to Namibia Mirko Manzoni and Lufthansa Group Account Manager for Namibia Renette Scholtz.

The new service will initially operate twice a week on Mondays and Fridays using the Airbus A350, the newest long-haul aircraft in the Edelweiss fleet. From mid-July until the end of October 2026, flights will increase to three times a week, operating on Mondays, Wednesdays and Fridays.

https://thebrief.com.na/2026/06/edelweiss-launches-direct-windhoek-zurich-flights/

By Chris MovirongoDevelopment is never accidental. It is built through deliberate investment in people, communities, and...
02/06/2026

By Chris Movirongo

Development is never accidental. It is built through deliberate investment in people, communities, and the systems that allow societies to grow sustainably over time.

When the Rössing Foundation was established in 1978, Namibia faced deep developmental inequalities.

Access to education, vocational training, and economic opportunity remained limited for many communities, particularly in rural areas.

Yet even in those early years, the Foundation was guided by a simple but powerful belief: lasting national progress begins with empowering people.

https://thebrief.com.na/2026/06/the-architecture-of-empowerment-why-50-years-in-namibia-has-taught-us-to-invest-in-people-not-just-projects/

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