Windhoek Observer

Chamwe Kaira The FNB House Price Index recorded a 12-month average growth rate of 5.9% in the third quarter, down from 7.7% in the second quarter and 7.0% in the same period last year.  FNB Namibia said on Monday that despite the slowdown, the index remains resilient since exiting negative territory early this year. Price growth across the small, medium, large, and luxury segments stood at 4.4%, 0.3%, 1.9%, and -23.9%, respectively. Regionally, all areas recorded growth in the third quarter.  The central region rose by 4.8%, the coastal by 1.2%, the northern by 10.9%, and the southern by 8.5%,…

Chamwe Kaira Namibia’s inflation is expected to average between 3.5% and 3.8% in 2025, trending toward 4% in 2026 as fuel and utility costs stabilise at higher levels, according to analyst Almandro Jansen of Simonis Storm. Jansen said price pressures remain contained, but risks are tilted to the upside. “At its upcoming MPC meeting, we assign roughly a 60% probability to a further 25 basis points rate cut, aimed at supporting domestic demand while maintaining credibility in anchoring inflation expectations and preserving price stability,” he said. He noted that the inflation outlook remains steady but slightly upward. Moderating food prices…

Staff Writer The Roads Contractor Company (RCC) has entered into an agreement that allows it to receive and use brand-new equipment, including graders, tippers, dozers, drum rollers, excavators and loaders. RCC chief executive officer Dasius Nelumbu said the new machinery will help the company execute construction projects effectively and deliver on its mandate.  “For the past ten years, RCC was awarded construction projects which, due to lack of capacity in terms of equipment, were in most cases executed with a partner who had the required capacity. However, this arrangement could not yield the desired results because most of the projects’…

Staff Writer Telecommunications network services provider Paratus Group has launched “Paratus 500” following its expansion into seven new African markets this year. The new markets include Eswatini, Kenya, Malawi, Rwanda, Tanzania, Uganda, and Zimbabwe. With the expansion, Paratus is now licensed to operate in 15 African countries. This makes the Group one of the first pan-African telecom companies to cover over 500 million people south of the equator, representing more than one-third of Africa’s population and GDP. Paratus 500 connects all 15 licensed operations through a single, contiguous telecom network. The infrastructure includes terrestrial fibre routes, subsea cable landings, and…

Staff Writer FNB Namibia has appointed Carpio Minnaar as head of operations. With more than 15 years of experience in business optimisation, operations leadership, and regulatory compliance, Minnaar brings expertise from the banking, ICT and telecommunications sectors. He has held senior and executive roles at Mobile Telecommunications Company (MTC), Nedbank Namibia, and MTN Business Solutions. Known for aligning operations with business goals, Minnaar’s leadership will strengthen FNB Namibia Retail’s operational efficiency and service delivery. As head of operations, he will provide strategic and tactical direction while overseeing the management of the retail segment’s operations. His focus areas include improving efficiency,…