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Chamwe Kaira  The government says infrastructure funding must follow existing procurement and borrowing laws and cannot be sourced through unsolicited proposals from private individuals or companies. Ministry of Finance executive director Oscar Capelão said the ministry has recently received several funding proposals from private entities and agents representing investors interested in financing projects in Namibia. Some of the proposals included requests by investors to finance specific infrastructure projects while also appointing contractors to implement them on behalf of the government. Capelão said the government recognises that such proposals could help support national infrastructure development.  However, he stressed that all funding…

Staff Writer  Bank of Namibia governor Ebson Uanguta last week completed a regional working visit to Kenya, Rwanda and Uganda as part of efforts to strengthen cooperation and learn from other African central banks. The engagements focused on financial systems, digital transformation, banking supervision, oil sector management and economic policy. Uanguta first visited the National Bank of Rwanda in Kigali, where he met governor Soraya Hakuziyaremye and deputy governor Nick Barigye. During the visit, the Bank of Namibia and the National Bank of Rwanda signed a Memorandum of Understanding aimed at strengthening cooperation in economic research, financial inclusion, digital transformation,…

Chamwe Kaira  Africa Bitcoin Corporation, which is also listed on the Namibia Securities Exchange (NSX), has received approval to move its listing from the Alternative Exchange (AltX) of the Johannesburg Stock Exchange (JSE) to the JSE main board. The company announced on Monday that the transfer will take effect on 22 May. The move will include the company’s ordinary shares as well as its preferred A, preferred B and preferred C ordinary shares, which will trade under the JSE’s general segment classification. Africa Bitcoin Corporation, formerly known as Altvest Capital Limited, said the transfer forms part of its plan to…

Chamwe Kaira  Dual-listed local investment group Trustco Group Holdings Limited has advised shareholders to remain cautious when trading its shares as the company’s delisting process continues. In a further cautionary announcement issued this week, Trustco referred shareholders to earlier announcements on the proposed delisting, including the latest notice published on 7 April 2026. The company said shareholders should “continue to exercise caution when dealing in the company's securities until a full delisting announcement is made”. Trustco is listed on both the Johannesburg Stock Exchange (JSE) and the Namibia Securities Exchange (NSX) under the share codes TTO and TUC. The announcement…

Staff Writer Choppies Enterprises Limited has announced a share transaction involving its chief executive officer and a senior management member in line with Botswana Stock Exchange listing requirements. The company said director Ramachandran Ottapathu bought 780 000 ordinary shares in Choppies on 18 May 2026 at P1.50 per share. The transaction was valued at BWP1.17 million. On the same day, senior management member Satheesan Kodakkadath sold 780 000 ordinary shares at the same price of P1.50 per share, also valued at BWP1.17 million. Choppies said both transactions were conducted on the market. The retailer is primarily listed on the Botswana…

Staff Writer Santam Limited says it delivered a strong operational performance during the first quarter of 2026 despite facing about R430 million in weather-related and other major claims. The insurer, which is also listed on the Namibia Securities Exchange (NSX), recorded 9% growth in gross written premiums in its conventional insurance business for the three months ending 31 March 2026. Santam said growth came from all business units, although international operations had a slower start to the year. Its direct insurance businesses, including MiWay and Santam Direct, continued recording double-digit premium growth. The group said underwriting performance was affected by…

Staff Writer WeBuyCars Holdings Limited says the rapid growth of South Africa’s new vehicle market and the rise of lower-priced Asian vehicle brands are putting pressure on the used vehicle sector. In its interim financial results for the six months ending 31 March 2026, the company said the new vehicle market grew by 15.7% during the 2025 calendar year, increasing competition across the motor industry. The company said Asian vehicle brands continue gaining market share through lower prices and attractive finance offers, forcing traditional vehicle manufacturers to respond with discounts and promotions. “This has significantly influenced consumer behaviour and heightened…