Windhoek Observer

Chamwe Kaira  The Development Bank of Namibia (DBN) has entered a period of strategic transition with the implementation of a new five-year integrated strategic business plan aimed at strengthening the institution’s resilience, adaptability and long-term development impact. Board chairperson Evangelina Nailenge said the strategy marks an important step in repositioning DBN as a future-focused development finance institution while reinforcing its role in supporting Namibia’s economic and social progress.  She said the plan is built on four strategic pillars: financial sustainability, people and culture, market positioning, and developmental effectiveness. Nailenge said DBN’s governance framework remained sound during the period under review,…

Chamwe Kaira  The Development Bank of Namibia (DBN) has flagged several downside risks to the Namibian economy despite a positive growth outlook, according to its Integrated Annual Report for the 2024/25 financial year. The bank said one of the main risks is reduced diamond export earnings, driven by declining global diamond prices and growing competition from lab-grown alternatives.  It also warned that possible trade disruptions linked to rising protectionist policies, together with inflationary pressures caused by ongoing global conflicts, continue to increase economic uncertainty. Fiscal pressures remain a concern, with declining revenues from the Southern African Customs Union (SACU) and…

Chamwe Kaira  Mining activities at Langer Heinrich Mine continued to ramp up during the quarter ended 31 December 2025, with drilling, blasting, and load-and-haul operations focused on the G and F pits, according to Paladin Energy.  Total material mined reached 5.53 million tonnes, up from the previous quarter, resulting in higher volumes of mined ore and low-grade ore added to stockpiles. The remaining mining fleet arrived at the port of Walvis Bay during the quarter and is scheduled for delivery to the mine by the end of January, with commissioning expected in the March quarter. Crusher throughput reached 1.21 million…

Veruscka Gertze We talk a lot about empowering women with money, yet real progress happens when we move past slogans and into structure. The financial system was not designed with women’s life patterns in mind. Career breaks for caregiving, pay gaps that compound over time, longer life expectancy and higher odds of outliving a partner all shape the journey. If we ignore these realities, the advice sounds hollow. The answer is practical and personal. Start with income resilience. Build a small emergency fund that sits between you and the unexpected. It gives you choices when life shifts. Next, automate contributions…

Chamwe Kaira  Koryx Copper Inc. has closed a C$46 million (about N$543 million) bought-deal private placement, issuing 18.77 million common shares at C$2.45 per share.  The offering was led by Stifel Canada with a syndicate that included Beacon Securities, Haywood Securities, Research Capital, Red Cloud Securities, Canaccord Genuity and BMO Capital Markets.  The company said the offering was oversubscribed due to strong demand from international investors. Koryx also completed a concurrent Namibian non-brokered private placement of 2 million shares at the same price, raising C$5 million (about N$60 million).  The Namibian placement targeted institutional and retail investors and is aimed…

Chamwe Kaira  Reconnaissance Energy Africa Ltd. has raised C$36.8 million (about N$431 million) through a public share offering to fund its oil and gas activities in Namibia and Gabon. The offering was led by Research Capital Corporation, with participation from Canaccord Genuity Corp and Haywood Securities ReconAfrica sold 38.7 million units at C$0.95 each.  Each unit consists of one common share and half a warrant, giving holders the option to purchase additional shares at a later date. The company said the funds will support operations across its portfolio. In Namibia, the proceeds will be used to test and install production…