Blog

MUN demands investigation into diamond industry 

MUN demands investigation into diamond industry 

Patience Makwele  The Mineworkers Union of Namibia (MUN) has called for a parliamentary probe into the country’s diamond cutting and polishing industry. MUN submitted a petition to the National Assembly this week.  The union said the industry faces reduced production, scaled-down operations and growing uncertainty among workers. “The current trajectory of the sector is unsustainable and requires immediate intervention to prevent further job losses,” the union said. The union said hundreds of jobs are at risk if no action is taken.  It urged parliament to investigate the challenges affecting the sector, which has been central to Namibia’s plan to add…
Read More
Speaker rejects claims of bias in parliament

Speaker rejects claims of bias in parliament

Allexer Namundjembo  The office of the speaker of the National Assembly has rejected claims that the speaker frustrates members of parliament.  Saara Kuugongelwa-Amadhila’s office said all actions in the chamber follow established rules and that the speaker’s conduct is guided by parliamentary procedures.  “The office stated that the speaker is always governed by the standing rules, orders, and internal arrangements of the National Assembly, rather than by personal discretion or preference,” in response to questions by the Windhoek Observer on Wednesday.  It said rule 90 protects members’ right to speak without interruption, and any intervention by the Speaker is meant…
Read More
Namibia urged to prepare for AI-driven future

Namibia urged to prepare for AI-driven future

Allexer Namundjembo Namibia must move faster to prepare for artificial intelligence as the technology reshapes economies and public services, speakers said at a public lecture in Windhoek. AI specialist Chandan Chauhan addressed the event hosted by the Economic Association of Namibia (EAN) in partnership with the Hans Seidel Foundation. He said AI has moved beyond simple tools to systems that can reason and perform tasks.  It has evolved from generating content to handling text, images and video and is now entering a phase where systems can plan and act on their own. “AI is moving from answering questions to doing…
Read More
India opens training lab at Osona military base

India opens training lab at Osona military base

Renthia Kaimbi  India has inaugurated an advanced networking laboratory at the School of Signals at Osona Military Base to support training for the Namibian Defence Force (NDF). The facility was opened on Monday by deputy minister of defence and veteran affairs Charles Mubita.  The event was attended by the deputy minister of international relations and trade Jenelly Matundu, the chief of the Namibian Defence Force Air Marshal Martin Pinehas, and India’s high commissioner to Namibia Rahul Shrivastava. The government of India funded the laboratory through its defence diplomacy fund projects, with the goal of enhancing skills and training for defence…
Read More
Walvis Bay residents demand toilets and roads

Walvis Bay residents demand toilets and roads

Renthia Kaimbi More than 4 500 Walvis Bay residents have signed a petition calling for urgent municipal reform, raising concerns over sanitation, infrastructure and service delivery. The petition, titled “Demand urgent municipal reform in Walvis Bay,” has been submitted to the municipality and outlines what residents describe as ongoing failures that are affecting daily life. Signatories say poor sanitation in informal settlements has led to open defecation due to a lack of toilets.  “Every day as I drive out of Walvis Bay, I witness the heartbreaking sight of grown men and women resorting to relieving themselves by the roadside,” the…
Read More
OBSERVER COASTAL | Erongo livestock project set for national rollout

OBSERVER COASTAL | Erongo livestock project set for national rollout

Renthia Kaimbi The Hope Farm Project will expand to other regions after completing its first year in the Erongo Region. The project, launched on 26 July 2025, is a partnership between the Swakop Uranium Foundation, the Ministry of Agriculture, Fisheries, Water and Land Reform, the Erongo Regional Council and local cooperatives. It started with the donation of 630 goats and sheep to 30 beneficiaries.  By January 2026, the project had placed 1 008 animals with cooperatives, with the total herd growing to 1 248 animals. Officials said the growth reflects the work of participating farmers and the use of a…
Read More
OBSERVER COASTAL | Global Money Week concludes in Swakopmund

OBSERVER COASTAL | Global Money Week concludes in Swakopmund

Renthia Kaimbi Global Money Week 2026 concluded in Swakopmund after four days of discussions on financial literacy and digital finance. The event ran from 16 to 19 March and was hosted by the Swakopmund municipality. It brought together government officials, financial sector representatives, educators and young people under the theme “Smart Money Talks". The programme focused on improving financial understanding and helping people manage money in a digital environment. At the opening, Bank of Namibia (BoN) deputy governor Leonie Dunn said the financial system is changing fast.  “The financial world is changing rapidly. Financial systems are increasingly digital, instantaneous, and…
Read More
NBL expects profit drop of up to 15%

NBL expects profit drop of up to 15%

Chamwe Kaira  Namibia Breweries Limited (NBL) anticipates its operating profit for the twelve months ended 31 December 2025 is expected to decline by 10% to 15%. NBL said the comparison is affected by its change in financial year-end in March 2024, which resulted in an eighteen-month reporting period for 2024. It said the prior period is not directly comparable. On a like-for-like twelve-month basis, the group reported operating profit growth of between 35% and 45%, reflecting performance after its merger. Headline earnings per share and basic earnings per share are expected to decrease by less than 5%. NBL said the…
Read More
Namibia tax losses push up Choppies’ effective tax rate 

Namibia tax losses push up Choppies’ effective tax rate 

Chamwe Kaira  Losses in Namibia have pushed up Choppies Enterprises Limited’s effective tax rate as the retailer reported lower profits for the six months ended 31 December 2025. The group said its effective tax rate increased to 22.2% from 17.3% in the previous period. It said this was mainly because it did not recognise deferred tax assets on losses in its Namibian operations. The increase was also influenced by a non-taxable gain linked to the derecognition of payables. Profit for the period declined by 33% to BWP 77 million. Revenue increased by 8.6% to BWP 5.125 billion, supported by retail…
Read More
Old Mutual confirms April dividend payment

Old Mutual confirms April dividend payment

Chamwe Kaira  Old Mutual says Namibian shareholders will receive an interim dividend of 56 cents per share, with payment scheduled for 13 April 2026. The dividend forms part of the company’s interim results announced on 17 March 2026. Old Mutual said shareholders on the London, Malawi and Namibia registers will be paid in local currency equivalents, while those on the Zimbabwean registers will receive US dollar equivalents. For Namibia, the dividend is set at 56 Namibian cents per share, based on an exchange rate of one Namibian dollar per rand. The company said shareholders who are not exempt from dividend…
Read More
No widgets found. Go to Widget page and add the widget in Offcanvas Sidebar Widget Area.