German luxury vehicle manufacturer Mercedes-Benz has signed an agreement with German-Namibian company HyIron to explore industrial-scale green iron production in Namibia for use in its vehicle manufacturing operations. The agreement will assess the feasibility of expanding production at HyIron’s Oshivela plant near Arandis in the Erongo region. 🚙
FNB reported an 8.9% annual increase in residential property prices across Namibia during the third quarter of 2026, up from 7.4% in the previous quarter and 5.9% during the same period in 2025.🏡
The Ministry of Industries, Mines & Energy has announced a nationwide fuel price increase, with petrol rising by N$2 per litre and both diesel grades increasing by N$3 per litre, effective Wednesday (November 4th).⛽
The Ministry of Environment, Forestry & Tourism has granted environmental clearance for a new N$2.46 billion manganese refinery and sulphuric acid plant planned for Walvis Bay. The projects will be developed by UK-based Green Metals Refining through its Namibian subsidiaries at Farm 58, east of Walvis Bay.
The Namibian Agronomic Board (NAB) has officially prohibited the imports of beetroot, green cabbage, orange carrots, English cucumbers and onions for the month of November due to sufficient domestic production to meet local demand. 🥬