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Staff writer Pensioners have expressed disappointment and frustration at the N$100 increase in the monthly old-age grant, saying it does little to ease rising living costs. Finance minister Ericah Shafudah announced in the 2026/27 budget last week that the pension will increase from N$1 600 to N$1 700 from 1 April. The government said the adjustment reflects fiscal constraints and competing national priorities. Beneficiaries in Windhoek and the Zambezi region say the increase will not stretch far. “A N$100.00 cannot even afford enough electricity to last a day; it cannot even afford to buy enough food,” said 72-year-old Mary Nyambe…

Staff Writer Online gambling is becoming a growing concern among young people, with more women affected as betting platforms expand through smartphones and social media. Psychologists and counsellors say easy access to betting apps and online advertising has normalised gambling among youth, many of whom face unemployment and financial pressure. Psychologist Margaret Liswaniso said the pattern of gambling has shifted in recent years. “What we are seeing is not just casual betting anymore,” she said. “For some young women, gambling has become a coping mechanism for stress and economic frustration. They are less likely to seek help early because of…

Renthia Kaimbi Namibia has stepped up efforts to fight illicit finance, as the Financial Intelligence Centre (FIC), in partnership with the European Union (EU), launched a week-long national risk assessment workshop in Windhoek on Monday. The workshop runs until 6 March 2026. It focuses on strengthening how Namibia identifies and responds to money laundering, terrorism financing and proliferation financing risks. Illicit financial flows remain a concern across Africa. According to background information shared at the event, these flows are estimated at about USD 88.6 billion a year on the continent. They stem from tax evasion, corruption, organised crime and human…

Allexer Namundjembo Namibia Oil and Gas last week unveiled its second biannual industry report, bringing together policymakers, executives, financial institutions and industry professionals to reflect on developments in the country’s oil and gas sector. The launch was supported by Africa Provider Offshore Services. The report provides data on exploration activity, key projects and supply-chain trends in the local energy market. It tracks sector growth and investor interest as Namibia’s offshore discoveries continue to shape the industry. Sanjay Korteweg, founding partner of Namibia Oil and Gas, said the publication aims to support collaboration and provide reliable information. “This biannual industry report…