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NSX overall index gains 2.35% for the week

NSX overall index gains 2.35% for the week

Chamwe Kaira  The Namibia Securities Exchange (NSX) recorded gains across most indices for the week of 16–20 February 2026, with the Overall Index rising 2.35% to close at 2 360.07 points. The index gained 54.17 points from 2,305.90 the previous week. Since December 2025, it has increased 10.21% from 2 141.33. It is trading just below its 2026 high of 2 366.23. The year’s low stands at 2 154.64. The dividend yield is 3.38%. The Local Index edged up 0.07% to 814.96 points, gaining 0.55 points from 814.41 a week earlier. Since December 2025, the index has risen 0.89%. It…
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FirstRand expects earnings to rise by between 13% and 18% 

FirstRand expects earnings to rise by between 13% and 18% 

Chamwe Kaira  FirstRand Namibia Limited expects its earnings and headline earnings to increase by between 13% and 18% for the period ending 31 December 2025. In a trading statement issued under the Namibia Securities Exchange (NSX) listing rules, the group signalled improved performance compared to the prior period. The bank said growth was driven by expansion in its advances book, reflecting stronger lending activity and higher transactional volumes across the business.  It also recorded a lower impairment charge during the period. Interest expenses declined as the group relied less on institutional funding, supported by strong growth in customer deposits. The…
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Businesses seek alternatives amidst electricity tariffs concerns

Businesses seek alternatives amidst electricity tariffs concerns

Staff Writer Businesses in Namibia are turning to alternative energy solutions as electricity tariffs rise and supply reliability remains a concern. Standard Bank Group market development lead and asset finance specialist for renewable energy and healthcare, Oliver Jugadasen, said the country’s energy environment is undergoing a structural shift. “The energy market is shifting toward decentralised generation, driven by rising utility costs, reliability concerns, and the global move toward cleaner electricity. For Namibia, this is not only an environmental conversation but an economic one,” he said. Jugadasen said falling solar panel prices and advances in technology have improved the financial case…
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Brand Namibia strategy advances for national identity 

Brand Namibia strategy advances for national identity 

Staff Writer Namibia has moved forward with the development of a formal Brand Namibia strategy aimed at shaping how the country presents itself to the world. The initiative is led by the Ministry of Information, Communication and Technology under minister Emma Theofelus. It seeks to strengthen Namibia's international standing and position the country as a destination for tourism, trade and investment. A two-day strategy development workshop was held in collaboration with the Namibia Investment Promotion and Development Board. The session brought together stakeholders to help define a national brand that reflects Namibia's people, values and offerings. O&L Leisure hosted the…
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NCAA surpasses global aviation safety benchmark 

NCAA surpasses global aviation safety benchmark 

Staff Writer The Namibia Civil Aviation Authority (NCAA) has recorded an effective implementation score of 73% under the International Civil Aviation Organization’s (ICAO) safety audit programme, exceeding both regional and global averages. The ESAF regional average stands at 61.2%, while the global average is 70.5%. A high-level delegation from the ICAO's Eastern and Southern African (ESAF) Office highlighted the achievement during a four-day visit from 17 to 20 February. The delegation was led by ICAO regional director for eastern and southern Africa, Lucy Mbugua. It included deputy regional director Richard Gatete and technical experts in environment, meteorology and safety implementation.…
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MTC invests over N$30 million in sponsorships

MTC invests over N$30 million in sponsorships

Staff Writer MTC has invested more than N$30 million in sponsorships, with 13 current beneficiaries valued at N$19.3 million. The figures were shared during a sponsorship beneficiaries engagement workshop hosted by MTC in Windhoek on 16 February 2026. The workshop brought together sponsored partners for discussions on governance, brand alignment and sponsorship management. The session formed part of MTC’s efforts to strengthen accountability and improve the impact of its sponsorship portfolio. Representatives from the company’s events, communications, marketing and sponsorship departments provided guidance on brand management, media engagement, marketing alignment and financial processes linked to sponsored events. MTC currently supports…
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Reflections on opportunity and responsibility

Reflections on opportunity and responsibility

Shetugwana Shipena Attending the 2026 Investing in African Mining Indaba reaffirmed the complex duality that continues to shape Africa’s mining landscape: significant growth potential coupled with persistent systemic challenges.  The tragic landslide in Rubaya in the Democratic Republic of the Congo earlier this year, which resulted in the loss of hundreds of lives, cast a sobering tone over the week’s discussions. This incident highlighted, with unmistakable clarity, the urgent imperative for enhanced safety standards, more robust regulatory frameworks and a strengthened commitment to responsible and sustainable mining practices across the continent. Rain and wind on day zero disrupted logistics across…
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Namibia eyes N$15.4bn in new products beyond raw exports

Namibia eyes N$15.4bn in new products beyond raw exports

Justicia Shipena  About 200 products identified in a new diversification report represent an estimated US$811 million (roughly N$15.4 billion) in market opportunities under a global export scenario.  Import substitution could add another US$117 million, about N$2.2 billion, while developing a priority subset of products could generate around 26 000 jobs across the economy. These figures were presented at the launch of the report titled “Rapid Assessment for Value Addition and Diversification to Support Namibia", held in Windhoek on Thursday.  UNCTAD secretary general Rebeca Grynspan said the report identifies 353 products across 23 sectors where Namibia can diversify, with 60 directly…
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Majority of education projects On track, says Balloti 

Majority of education projects On track, says Balloti 

Justicia Shipena  The Ministry of Education, Innovation, Youth, Sports, Arts and Culture says most of its capital projects for the 2025/26 financial year are progressing as planned.  Its deputy minister, Dino Ballotti, gave an update on projects by the ministry on Thursday.  Ballotti said the country’s school infrastructure is holding up, but more work still needs to be done. He said the ministry is continuing with its national decongestion plan to reduce overcrowding in schools. Ballotti added that there are currently 29 large capital projects underway across the country. Every region has at least one major project, while regions such…
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Trustco moves to unwind N$468m LSH transaction 

Trustco moves to unwind N$468m LSH transaction 

Staff Writer Trustco Group Holdings Limited has started the process of unwinding its N$468 million transaction to acquire shares in Legal Shield Holdings Limited (LSH). In an update to shareholders, the company said it is reversing the deal after accepting what it described as a repudiation of the shareholder-approved framework by Riskowitz Value Fund LP (RVF). The LSH transaction was approved by Trustco shareholders through a circular dated 4 December 2024. The approval was granted on the basis that the deal would not result in any direct or indirect change in control of Trustco, including through governance arrangements, board composition…
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