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Chamwe Kaira  Namibia’s stock of international reserves fell to N$54.7 billion in September as government foreign payments reduced the country’s foreign assets, data from the Bank of Namibia shows.  The figure represents a 4.1% month-on-month decline, translating into 3.6 months of import cover.  When oil exploration and appraisal activities are excluded, import cover improved slightly to four months, the central bank said. The banking industry’s overall cash position also weakened to N$7.3 billion in September, down from an average of N$8.1 billion in August, mainly due to cross-border payments. Mortgage credit contracted by 0.3% in September after a marginal growth…

Chamwe Kaira  Namibia Asset Management (NAM) expects its profits to grow by up to 20% for the financial year ended 30 September 2025, showing continued momentum in the company’s performance.  In a trading statement issued on the Namibia Stock Exchange (NSX), NAM said it anticipates earnings per share (EPS), headline earnings per share (HEPS), and fund management earnings per share (FMEPS) to increase between 10% and 20% compared to the previous year.  EPS and HEPS are expected to rise from 6.99 cents in 2024 to between 7.69 and 8.39 cents in 2025, while FMEPS is projected to grow from 5.98…

Chamwe Kaira  Elevate Uranium Ltd has raised A$25 million (N$283 million) through a strongly supported share placement to fast-track its U-pgrade pilot plant and expand uranium resource drilling in Namibia and Australia.  The placement, priced at $0.35 per share, received significant backing from both existing and new institutional investors, reflecting confidence in the company’s growth plans.  The new funding increases Elevate Uranium’s cash position to about A$43.9 million, providing a solid foundation for its ongoing development and exploration work. Managing director Murray Hill said the investor response highlights strong belief in the company’s direction and technology.  “This $25 million strengthens…

Chamwe Kaira  The Ministry of Industries, Mines and Energy has increased the fuel industry margin by 30 cents per litre, bringing it to 219 cents per litre.  Executive director in the ministry, Moses Pakote, said the adjustment is aimed at ensuring the financial sustainability of fuel importers while maintaining a reliable supply of petroleum products across the country.  The National Energy Fund will fund the increase, according to him, and it won't impact pump prices. This comes as the ministry announced over the weekend that fuel prices will remain unchanged for November 2025, with prices at Walvis Bay set at…

Staff Writer  Come April 2026, FlyNamibia will expand its regional flights between Windhoek and Victoria Falls from three to six times a week.  Flights to Maun and Katima Mulilo will also increase to four per week. The airline said the move aims to strengthen regional connections and boost tourism and trade across Southern Africa. According to FlyNamibia, the increased flights will give travellers more flexibility, better connection options and easier planning for tour operators and travel agencies.  FlyNamibia Cargo will continue to support business logistics by helping Namibian companies move goods quickly and efficiently across markets. “Every route we fly…