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Chamwe Kaira Namibia’s first Public-Private Forum (NamPPF), held this week, marks a new step in the country’s effort to achieve inclusive growth, job creation, and competitiveness, according to Nangula Nelulu Uaandja, chairperson of the NamPPF coordinating committee. Speaking at the opening session, Uaandja said Namibia’s economic challenges, including a 36.9% unemployment rate and 46% youth unemployment, demand stronger cooperation between the government and private sector.  “Almost half of Namibians are either monetarily or multidimensionally poor. This forum exists because no single sector can solve these structural issues alone. We must co-create and co-own the solutions,” she said. Uaandja said the…

Chamwe Kaira The Namibia Special Risks Insurance Association (Nasria) has paid a dividend of N$16 million to the government after recording another strong year of financial and operational performance for 2024/2025. Nasria maintained its record of clean audits with another unqualified opinion, providing insurance cover against politically motivated and special risks not typically covered by commercial insurers.  The company has achieved this every year since its establishment. Insurance revenue increased by 6%, rising from N$84 million to N$89 million, supported by policy renewals and new business across several sectors.  However, the insurance service result fell by 23% to N$45 million…

Chamwe Kaira The long-term insurance subsector maintained strong profitability in the first half of 2025, building on the momentum achieved in 2024 when gross written premiums rose to N$14.4 billion. According to the Bank of Namibia and the Namibia Financial Institutions Supervisory Authority (Namfisa) in their joint October 2025 Financial Stability Report, the sector’s stability reflects several factors.  These include inflation-linked premium adjustments, greater demand for life, funeral, and investment-linked policies, growth in the middle-income population, and successful product diversification.  The report assessed the strength of Namibia’s financial system and its ability to withstand both internal and external shocks. The…

Chamwe Kaira Swakop Uranium, operator of the Husab Mine, recorded a net profit of N$562 million in 2024, marking a strong turnaround from a loss in 2023. Total procurement for the year reached N$10.1 billion, with N$6.36 billion spent locally. The company said this reflects its continued support for Namibian suppliers and small businesses. In its 2024 sustainability report, Swakop Uranium highlighted key production achievements.  The company mined 118 million tonnes of material and reached a record processing throughput of 1 720 tonnes per hour.  Its workforce stood at 4 300 employees, representing nearly 18.5% of Namibia’s mining labour force.…

Staff Writer Alpha Namibia Industries Renewable Power Limited (ANIREP) will hold its 7th annual general meeting (AGM) virtually on 21 November, according to a notice issued to shareholders on the Namibian Stock Exchange (NSX) on Wednesday. The meeting will cover several ordinary resolutions, including the consideration of the company’s annual financial statements for the year ended 28 February 2025, the re-election of directors, and the re-appointment of auditors and the company secretary. Shareholders will also be informed that no dividend will be declared for the 2025 financial year.  The meeting will address a number of board and committee changes. The…

This year marks the conclusion of the Oryx Properties group’s three-year growth strategy, with the portfolio closing at N$4.7 billion. Over this period, unit holders have enjoyed a cumulative total return of 57%, with the 2025 financial year delivering the highest annual return of 21%. The property portfolio has expanded by N$1.8 billion, underscoring the group’s successful growth trajectory. Trading at a 41% discount to Net Asset Value (NAV), we see significant value for income-focused investors. Over the past three years, the group’s emphasis has been on growth, strategically building the portfolio to ensure sustained revenue growth from high-quality, strategically…