Windhoek Observer

Staff Writer  The African Development Bank Group (AfDB) has launched its Namibia country strategy paper for 2025–2030, with plans to support the creation of 25 000 jobs for young people and expand key infrastructure across the country. The strategy was launched in Windhoek this week and sets out priorities aimed at improving access to energy and water, strengthening skills development and supporting economic growth. Moono Mupotola, deputy director general for Southern Africa and country manager for Namibia at AfDB, said the strategy marks a new phase in the bank’s partnership with Namibia. “The launch of this country strategy paper marks…

Staff Writer The finance minister, Ericah Shafudah, says Namibia is at a turning point in its economic path and must work across sectors to drive development. Shafudah made the remarks at Standard Bank Namibia’s annual budget dialogue on Wednesday, where government, financial institutions and industry leaders discussed the 2026/27 national budget. She said the national budget should not be viewed only as a government document. “A national budget is not merely a government document but a national development instrument,” she said. Shafudah said its success depends on cooperation between governments, businesses, financial institutions and citizens. She said Namibia must use…

Chamwe Kaira  The recent increase in civil servant wages is expected to provide some support to household purchasing power and household credit demand in the near term, according to FNB Namibia economist Cheryl Emvula. “However, while these improvements may provide modest relief, they are unlikely to drive a substantial acceleration in household Private Sector Credit Extension (PSCE) growth. This is largely due to persistent structural constraints facing households such as sluggish income growth, elevated living costs, and limited affordability, pressures that remain particularly acute in the mortgage segment, which accounts for the largest share of household credit. As a result,…

Chamwe Kaira  Remgro Limited has sold additional shares in FirstRand Limited through on-market transactions, generating proceeds of about R4.88 billion. The South African investment holding company disposed of 51.97 million FirstRand shares between 2 February and 10 March 2026 at an average price of R93.87 per share. The sale forms part of Remgro’s process of reducing its remaining stake in the banking group. Remgro’s involvement with FirstRand began through its investment in RMB Holdings. In June 2020 the company unbundled its indirect interest in FirstRand through RMB Holdings but retained a direct stake of 3.92% in the bank. The company…

Chamwe Kaira  Namibia’s mining sector has entered 2026 with support from strong commodity prices for gold, copper, zinc and tin, as well as continued momentum in uranium production. The Chamber of Mines of Namibia said in its January and February mining update that higher commodity prices are strengthening export earnings and government revenue. The chamber said elevated gold prices and firm copper fundamentals are improving cash flow for mining companies. “At the same time, uranium remains strategically important amid sustained global interest in nuclear energy, positioning Namibia favourably within the global energy transition landscape. Stronger base metal prices, particularly zinc…

Chamwe Kaira Namibia placed roughly in the middle of the global rankings in the Annual Survey of Mining Companies 2025 conducted by the Fraser Institute. The country’s overall investment attractiveness score was about 52.6, placing it 59th out of 84 jurisdictions assessed. The survey evaluates mining destinations worldwide based on mineral potential and policy attractiveness as perceived by mining executives. The results place Namibia in the middle of the global rankings. The survey notes that while the country has strong geological potential, policy concerns are affecting investor confidence. Mining executives who participated in the survey raised several issues related to…