Windhoek Observer

Chamwe Kaira The Development Bank of Namibia (DBN) recorded a 42% increase in operating profit to N$88.3 million, according to its 2024/25 integrated annual report. The bank said the performance reflects disciplined cost management, improved recoveries, and the resilience of its teams during a challenging economic environment. “While pressures related to asset quality and a contracting loan book persist, the Bank has taken decisive steps to stabilise risk and position itself for renewed growth,” the bank said. During the year, DBN began implementing the first year of its 2024–2029 integrated strategic business plan.  It secured N$607 million through the KfW…

Chamwe Kaira The Namibian Stock Exchange (NSX) closed the week ending 16 January 2026 on a mixed note, with the Local Index edging slightly lower while overall market activity remained steady. The NSX Local Index closed at 808.31 points on Friday, down slightly from 808.64 points at the end of the previous week. The index moved within a narrow range throughout the week, reflecting limited price movement in locally listed shares. The NSX Overall Index ended Friday at 2,174.39 points, down from 2,184.55 points a week earlier, following softer performances in some dual-listed stocks. Trading activity increased during the week.…

Staff Writer Pepkor Holdings Limited has updated disclosures linked to its N$10 billion Domestic Medium Term Note (DMTN) Programme and confirmed the availability of key financial and governance documents ahead of its annual general meeting. In a notice issued on 19 January 2026, the South African retail group informed noteholders that the information statement incorporated by reference in the DMTN Programme has been updated and dated the same day.  The update was made in line with the JSE Debt and Specialist Securities Listings Requirements. Pepkor said the changes mainly relate to investor considerations and risk factors, the group’s organisational structure,…

Staff Writer The MTC Branding and Marketing Indaba has announced 18 excellence award categories aimed at recognising innovation and strong performance across branding, marketing, communications and advertising in Namibia. The awards will be presented at the MTC Branding and Marketing Indaba Gala Dinner on 10 April 2026 at the Mövenpick Hotel in Windhoek. MTC's chief brand, marketing, communications, and sustainability officer, Tim Ekandjo, said the awards will recognise individuals and organisations that have made meaningful contributions to the industry. “The award ceremony will honour outstanding individuals and corporates that have demonstrated exceptional achievements and have made vital contributions and impact…

De Beers has released its sales schedule for the coming year, with plans to hold the usual 10 sales across the 12-month period. The miner sells around 90% of its rough diamonds to sightholders that agree to buy a set volume of rough in return for consistent supply. Amid ongoing uncertainty in the diamond industry, De Beers will extend its current sightholder agreement through June 30, 2026. The contract regulates the company’s rough-diamond sales to customers via its sight system. The rough diamonds originate from the company’s owned and joint-venture operations. The sales will take place in Botswana, Namibia and…

Staff Writer BHP Group Limited has lifted its copper production guidance for the 2026 financial year after strong operational performance and firm commodity prices during the half year ended 31 December 2025. In its operational review, the mining group said copper prices rose 32% year-on-year, supported by solid global demand and supply disruptions at rival producers.  Iron ore prices were also higher, rising 4% over the same period. Against this backdrop, BHP recorded operational records across its copper and iron ore businesses. The company said it increased its copper production guidance for the 2026 financial year after stronger-than-expected performance across…