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Staff Writer Santam Namibia, in partnership with the City of Windhoek, has launched a flood signage project to improve public safety at high-risk river crossings in the capital. The insurer has committed about N$150 000 for the installation of warning and depth marker signs across flood-prone areas identified by the city’s emergency and disaster risk management division. The chief executive officer of Santam Namibia, Franco Feris, said Namibia’s risk landscape has changed in recent years.  “Shifting climate patterns and rapid urbanisation have significantly increased the frequency and intensity of flash floods. The result has been a concerning rise in vehicles…

Chamwe Kaira The National Youth Development Fund (NYDF), launched in September, has disbursed N$14.78 million to 42 startups, executive director in the Ministry of Finance Michael Humavindu has revealed. The fund is capitalised at N$500 million, with N$257 million available for the current financial year.  It is being implemented by the Development Bank of Namibia (DBN), Agribank and the Environmental Investment Fund (EIF) to close financing gaps for youth-led enterprises. Humavindu said that the NYDF's growth includes a way to lend money through Development Finance Institutions, a fund at the Bank of Namibia to keep it going long-term, and a…

Chamwe Kaira Oceana Group Limited has warned shareholders that its earnings for the year ended 30 September 2025 are expected to drop sharply, despite stronger catches late in the financial year. In a trading update released on the Johannesburg Stock Exchange (JSE), the Cape Town-based fishing and food processing company, which also operates in Namibia, said it now expects its basic earnings per share to range between 589 cents and 534 cents.  This reflects a decline of between 36% and 42% from the 920.9 cents reported in 2024. Headline earnings per share are forecast to fall within the same range,…

Chamwe Kaira  Pepkor Holdings Limited, which owns several Namibian retail brands, including PEP, Ackermans, Shoe City, Dunns, Tekkie Town, Refinery, Bradlows, Sleepmasters, Incredible Connection, HiFi Corp, and BUCO, has announced a 12% rise in revenue to N$95.3 billion for the year ended 30 September 2025. The group said its retail operations outperformed the broader market, driven by strong trading in a difficult economic environment. It noted that its business model, focused on meeting customer needs, continues to show resilience. Pepkor said it expanded its market share based on the latest available data. The company reported strong growth in fintech through…

Chamwe Kaira Celsius Resources has continued its divestment process for the Opuwo Cobalt project in Namibia, with several interested parties conducting due diligence.  The company said in its quarterly report for the period ended 30 September that the project’s exploration licence renewal is still under review by the Ministry of Industries, Mines and Energy. Celsius ended the quarter with about N$29 million (A$2.39 million) in cash, including around N$18 million (A$1.49 million) held by MMCI. It spent about N$53 million (A$4.37 million) on exploration and evaluation during the quarter, while payments to related parties totalled roughly N$6.6 million (A$537 000),…