Windhoek Observer

Chamwe Kaira The Bank of Namibia (BoN) has set limits on fees that local banks may charge for cross-border money transfers within the Common Monetary Area (CMA). The CMA includes Namibia, South Africa, Lesotho and Eswatini. According to the central bank’s directive on user fees, charges and speed of cross-border Common Monetary Area low-value transactions (PSDIR-9), as amended, Namibian banks may not charge more than N$20 for incoming or outgoing transfers below N$1 million. For transfers ranging between N$1 million and N$5 million, the maximum fee is capped at N$35 for incoming transactions and N$30 for outgoing transactions. The directive…

Chamwe Kaira Deep Yellow Limited has confirmed that Greg Field will begin his role as managing director and chief executive officer on 2 February. The confirmation follows an announcement made on 2 December 2025 on Field’s appointment.  Deep Yellow executive Chris Salisbury said the board was pleased that Field would start earlier than first expected. Salisbury said the board looks forward to Field’s leadership as the company approaches key decisions on the Tumas Project in Namibia and other developments across its portfolio.  He thanked Craig Barnes for serving as acting chief executive during the transition and said Barnes will return…

Chamwe Kaira PSG Financial Services has announced that some of its non-executive directors and their associates received PSG Financial Services shares following the implementation of a scheme of arrangement involving Curro Holdings Limited. In a notice issued on Wednesday, shareholders were referred to Curro’s announcement published on the JSE Stock Exchange News Service on 23 December 2025.  The announcement confirmed that the Jannie Mouton Stigting acquired the remaining Curro shares through a scheme of arrangement. Under the scheme, Curro shareholders received a mix of cash and shares held by the trust in two listed companies, including PSG Financial Services. The…

Staff Writer The Namibia Financial Institutions Supervisory Authority (Namfisa) has cautioned the public to use only registered microlenders when accessing short-term credit and related financial services. Namfisa said dealing with unregistered microlenders exposes consumers to unlawful practices, excessive charges and the loss of legal protection. Under Namibia’s Microlending Act, all microlenders must be registered and supervised to operate legally.  The Act aims to protect consumers by regulating lending practices and promoting transparency, fairness, and accountability in the microlending sector. Namfisa said registered microlenders must be formally authorised and are required to clearly disclose interest rates, fees, and repayment terms before…

Petra Diamonds has recovered a blue diamond weighing 41.82 carats from its Cullinan mine in South Africa. The stone, a type IIb of “exceptional quality”, is the first of its colour and magnitude the deposit has yielded in the past five years, Petra said Tuesday. The previous one was a 39.34-carat diamond it found at the site in April 2021. The company sold that gem for US$40.2 million. The miner is in the process of analysing the stone and deciding the best method of sale. The Cullinan mine is known for the recovery of rare, high-value blue diamonds. The stone…

Staff Writer Zaria Court Kigali has officially opened under Tapestry Collection by Hilton, marking a new chapter for Rwanda’s first urban lifestyle hotel and strengthening the country’s presence in the global hospitality market. The 80-room hotel, located in Kigali Sports City, now operates as part of Hilton’s Tapestry Collection. The portfolio features independent hotels with distinct design and local character, supported by Hilton’s global standards and the Hilton Honours programme. Zaria Court Kigali sits next to major sports and entertainment venues, including the BK Arena and Amahoro Stadium. The hotel forms part of a mixed-use development with retail, event, and…

Herle Otto  It is tempting to frame well‑being as a calendar item: a month of activities, a visiting speaker, a set of posters and a mindfulness app. But well‑being that works is not an event. It is a way of designing work so people do not need to recover from it. The real levers are in the everyday. Workload that fits the hours available. Managers who ask how you are and mean it. Flexibility that treats adults like adults. Clear priorities that let people switch off without guilt. The truth is most employees know what would help them feel well,…

Kristalina Georgieva The rapid advancement of artificial intelligence (AI) and digital technologies is reshaping the global labour market, creating both opportunities and challenges for workers worldwide. While technological change has historically altered job markets, the current transformation is occurring at an unprecedented pace and scale, affecting even those at the forefront of innovation.  Recent job cuts at major technology companies illustrate that no sector is immune to disruption. At the same time, new roles and occupations are emerging as automation changes the nature of work.  According to a recent analysis of millions of online job postings, one in ten positions…