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Chamwe Kaira The Namibian Securities Exchange’s (NSX) overall index closed the week ended 24 April 2026 higher, gaining 0.87% to 2 295.09 points from 2 326.15 points in the previous trading session, while the local index edged up by 0.01% to a record 828.43 points. The latest performance brings the overall index's gain to 5.74% since December 2025, while the local index is up 2.42% over the same period, showing steady support for domestic counters despite mixed sector movements. The local index close at 828.43 points marks a new high for 2026. Among sectors, basic materials led the gains for…

Staff Writer Nearly 42% of Namibia’s population lives in informal settlements, amounting to close to one million people.  A coalition of partners, including FNB Namibia, the Pupkewitz Foundation, Ohorongo Cement and the Shack Dwellers Federation of Namibia (SDFN), has reaffirmed its commitment to addressing housing challenges through continued support for the federation. Over the past decade, the partners have invested N$26.5 million into the partnership. Since 2016, the initiative has delivered more than 533 homes, with more planned for the coming year.  Thousands more people have gained access to land, services and housing opportunities. The partners recently handed over a…

Staff Writer Nedbank Namibia has increased its investment in Lüderitz as the southern coastal town gains importance due to planned growth in energy, logistics and export industries. The bank recently unveiled its upgraded Lüderitz branch under its nationwide project imagine modernisation programme.  The upgrade aims to improve banking infrastructure and client services in areas expected to see more commercial activity. Lüderitz is being positioned as a key industrial hub following developments linked to offshore oil and gas, green hydrogen and logistics centred around the Port of Lüderitz. Plans to expand the port at Angra Point, supported by international partners including…

Staff Writer More than 200 delegates gathered in Windhoek this week for the upstream oil and gas suppliers’ workshop, a two-day event aimed at helping Namibian small and medium-sized enterprises take part in the country’s growing upstream petroleum sector. The workshop was hosted by FNB Namibia, RMB Namibia, Petrofund and the Namibia Investment Promotion and Development Board. It brought together stakeholders from the financial sector, government, local businesses and international oil and gas operators and service providers. The event focused on helping SMEs understand Namibia’s upstream oil and gas industry while creating space for networking, supplier development and engagement across…

Christie’s will offer the Ocean Dream, the largest existing blue-green diamond, at its upcoming Geneva jewellery sale, expecting it will fetch up to CHF 10 million (US$12.8 million). Set in a ring, the triangular-cut, 5.50-carat, fancy-vivid-blue-green, SI1-clarity, type IIa stone comes with an additional mount containing sculpted rock crystal, round diamonds and pink diamonds, Christie’s said Friday. The polished stone, the largest vivid-blue-green diamond the Gemological Institute of America (GIA) has ever certified, originated from an 11.70-carat rough found in Central Africa. The May 13 Magnificent Jewels sale is only the second time the Ocean Dream has appeared at auction.…

Sonja van Kradenburg The future of work in Namibia will not be defined solely by technology or efficiency, but by the well-being of the people who make organisations thrive. Health and safety are no longer peripheral considerations; they are central to resilience, innovation, and trust.  When leaders recognise that wellbeing is inseparable from performance, they begin to see safety and health not as compliance measures but as strategic imperatives. A workforce that feels supported, aligned, and valued is the foundation on which sustainable success is built. Namibia’s context makes this imperative even clearer. The Occupational Safety and Health Bill proposes…