CHAMWE KAIRA
Namibia generated N$169 million in fee and commission revenue for financial services group Alexforbes during the year ended 31 March 2026, an 8.3% increase from N$156 million recorded in the previous financial year.
The figures, published in the group’s annual financial statements, show that Namibia remained one of Alexforbes’ key markets outside South Africa, contributing revenue from its financial advisory, investment management and administration businesses.
Although Namibia’s contribution was relatively modest, it accounted for approximately 2.7% of the group’s total fee and commission revenue of N$6.27 billion for the year.
South Africa remained Alexforbes’ largest market, generating N$5.68 billion in fee and commission revenue, while Botswana contributed N$181 million, up from N$170 million a year earlier.
Operations in Jersey and the Channel Islands generated N$201 million, down from N$219 million, while other international markets contributed R41 million, compared with N$37 million in the previous year.
Group-wide fee and commission revenue increased by 11.1% to N$6.27 billion, compared with R5.651 billion in the 2025 financial year.
Investment management fees remained Alexforbes’ largest revenue stream, rising to N$3.1 billion from N$2.6 billion.
Administration fees increased to N$1.27 billion from N$1.21billion, while consulting and advisory fees climbed to N$1.45 billion from N$1.28 billion. Commission income was unchanged at N$396 million.
The profit attributable to non-controlling interest largely comprise amounts due to parties that hold a non-controlling interest share in the emerging market subsidiaries domiciled in Botswana and Namibia; a non-controlling interest in TSA Administration Proprietary Limited, as well as in Alexforbes Paragon Impact Proprietary Limited (AF Paragon Impact), a non-wholly owned subsidiary incorporated in the current year.
AF Paragon Impact provides impact monitoring, reporting and grading solution, adds depth to our expanding sustainability advisory services to retirement funds and corporate clients
Namibia, meanwhile, reduced its outstanding borrowings with Alexforbes reporting that its senior debt facility in the country had been fully repaid during the financial year.
The Namibia senior debt facility declined from N$17 million in 2025 to nil at 31 March 2026. Across the group, total borrowings fell to N$581 million from N$630 million, driven mainly by lower utilisation of general banking facilities in South Africa and the settlement of debt in Namibia, while borrowings in Botswana declined to N$8 million from N$11 million.
In December 2020 Alexander Forbes Namibia Holdings Proprietary Limited obtained a senior debt facility of N$28 million dollars to finance the capital expenditure on the refurbishment of the Namibia head office. This facility was settled in December 2025.
