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CHAMWE KAIRA Sea transport remained Namibia's leading export channel in April 2026, carrying goods worth N$3.8 billion and accounting for 39% of the country's total exports, according to the latest Namibia International Merchandise Trade Statistics Bulletin. The main commodities exported by sea were uranium, fish, and nickel ores and concentrates. Air transport ranked second, contributing 32% of total export value, largely driven by shipments of non-monetary gold and diamonds. Road transport accounted for the remaining 29%, with petroleum oils, fish and fertilizers making up the bulk of exports moved by road. Despite the strong export values, the total volume of…

Staff Writer Mobile Telecommunications Limited (MTC) remains a strong income-generating stock with a dominant position in the Namibian telecommunications market, but rising costs are beginning to weigh on profitability, according to stockbroking firm Simonis Storm Securities. In its latest assessment of MTC, Simonis Storm downgraded the stock from “Buy” to “Hold” and lowered its target price to 1,035 cents, down from 1,073 cents. The firm said MTC's interim results for the six months ended March 2026 showed that while revenue growth remains healthy, the company is struggling to convert that growth into stronger earnings. “MTC remains a quality income stock…

Staff Writer Mobile Telecommunications Limited (MTC) has announced that, effective from 10 September, it will be discontinuing its free standalone SMS offering, which customers previously received upon recharging. This move is part of MTC's ongoing efforts to enhance network efficiency and introduce more value-driven communication solutions for customers. The decision follows a steady shift in customer communication preferences, with increasing adoption of data-based messaging platforms such as WhatsApp, email, and other digital services. “Our customers’ communication needs are evolving rapidly. As part of our commitment to delivering improved services and innovative products, we are realigning our offerings to focus more…

Chamwe Kaira Canadian-listed gold exploration company Ongwe Minerals has announced the discovery of a new five-kilometre-long gold-in-soil anomaly (zone) at its Nguni prospect, located approximately 17 kilometres from the company's existing Manga gold discovery at the Omatjete Gold Project. The company described the Nguni prospect as a significant surface gold discovery situated along the Okondeka Fault Zone, a regional structural trend that also hosts Wia Gold's Kokoseb gold deposit, located about 55 kilometres away. Ongwe Minerals chief executive officer Dave Underwood said the Nguni prospect represents the largest gold-in-soil anomaly he has encountered in Namibia since beginning exploration activities in…

QKR Namibia Navachab Gold Mine is taking important steps toward establishing underground mining operations as part of its long-term strategy to sustain and expand production. Following a successful trial mining phase and encouraging geological results, the mine has progressed with underground development aimed at unlocking additional mineral resources that cannot be economically mined through open-pit methods.  Underground Mining Project Manager, Venancio Guchu, said the current phase of development is focused on creating access for exploration drilling and gathering critical geological data required for future mining decisions. “QKR Namibia Navachab Gold Mine is currently assessing the potential for a full underground…