News Updates

The NMA keeps you informed about economy related news...

Revised Procurement Bill to benefit locals

The long awaited revised Public Procurement Bill tabled by Minister of Finance Hon. Calle Schlettwein on Tuesday and is set to provide more preference to local products, previously disadvantaged women and youths, SMEs and local...[more]


DBN and Manufacturing Association ink agreement

The Development Bank of Namibia (DBN) signed a Memorandum of Understanding (MoU) with the Namibian Manufacturers Association (NMA), earlier this week in an effort to provide better financing to the manufacturers sector. The...[more]


Procurement Bill seeks to promote sourcing of local goods

Windhoek The much anticipated Public Procurement Bill, which could potentially create a significant market for local producers, will be re-introduced in parliament during the current session. The new Bill seeks to introduce a...[more]


Electricity regulator gives thumbs up to tariff hikes

Inflation is set to jump significantly in July following an almost 10% increase in the price of bulk electricity that comes into effect at the beginning of that month. Namibia’s statutory regulatory authority, the Electricity...[more]


Government questions impact of empowerment

THE national tender board that is responsible for government's procurement, has admitted that the reservation policy that gives contracts to Namibians is affected by a lack of a proper monitoring system. This means the...[more]


Electricity tariffs to go up 13%

ELECTRICITY tariffs are expected to increase by an average of 13% annually for the next five to six years, NamPower managing director Paulinus Shilamba says. Speaking at a media briefing yesterday, Shilamba said the situation...[more]


Trade embarks on 'globally competitive' mission

One of the Ministry of Trade and Industry's priorities for the year is to increase the capacity and competitiveness of Namibian companies, particularly in terms of quality and range. Speaking in parliament on Tuesday, Trade and...[more]

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