Windhoek Observer

Chamwe Kaira  Agra Limited has reported a 40.5% increase in profit after tax to N$62.1 million for the six months ended 31 January 2026. The company released its unaudited results, showing growth across key financial measures. Revenue rose by 4.4% to N$1.593 billion from N$1.526 billion in the same period last year. Gross profit increased by 10.7% to N$312.4 million. Operating profit rose to N$86.2 million from N$60.7 million. Earnings per share increased to 121.47 cents from 86.46 cents. Net asset value per share rose to N$8.23 from N$7.16. Agra said the results were driven by improved operations, recovery of…

Chamwe Kaira  Namibia’s hospitality sector entered 2026 on a subdued but steady footing, with the traditional low season continuing to weigh on national occupancy levels. The latest figures from the Hospitality Association of Namibia showed that national occupancy stood at 32.39% in February 2026, slightly up from 31.23% in February 2025.  Simonis Storm said in a report that although still below the pre-pandemic February average of about 41%, the performance was broadly in line with the usual seasonal slowdown that marks the first quarter of the year.  During this period, international long-haul arrivals typically ease after the peak European winter…

Chamwe Kaira  The Namibian Securities Exchange (NSX) posted a weaker performance for the week of 16 to 20 March 2026, with the overall market index declining 3.65% as losses in basic materials and consumer discretionary stocks weighed on sentiment. According to the latest NSX data, the overall index fell from 2,148.65 points the previous week to 2,070.30 points, a drop of 78.35 points. This left the index down 3.32% from its December 2025 level of 2,141.33. The Local Index, however, edged slightly higher during the week, rising 0.11% from 817.61 points to 818.48 points. Since December 2025, the local index…

Chamwe Kaira  Mobile Telecommunications Limited (MTC) shareholders have approved all ordinary resolutions at the company’s annual general meeting held on 19 March 2026, including the appointment of two non-executive directors, the declaration of a final dividend, and the reappointment of the external auditor. Mobile Telecommunications Limited said shareholders ratified the appointment of Mercia Geises and Etiigwana Itope as non-executive directors. Both resolutions received strong support, with nearly all votes cast in favour. The meeting also noted the retirement by rotation of directors Trophimus Hiwilepo, Werner Schuckmann and Fabiam George. Andrew Kanime also retired by rotation. His resolution received 97.53% support,…