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Capricorn Group bids farewell to Swanepoel

Capricorn Group bids farewell to Swanepoel

Chamwe Kaira  Capricorn Group Limited has announced the retirement of long-serving board member Johan Swanepoel, who stepped down as an independent non-executive director on 5 November 2025.  The update was released through a notice on the Namibia Stock Exchange (NSX). Swanepoel served the group for more than 26 years, including five years as chairperson.  The board praised his “exceptional leadership and vision,” saying he helped shape Capricorn Group into one of Namibia’s most respected financial institutions. Although leaving the group board, Swanepoel will continue as chairperson of Bank Windhoek Limited, a Capricorn subsidiary, allowing the company to draw on his…
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Botswana gives green light to Curro’s N$7.2 billion takeover

Botswana gives green light to Curro’s N$7.2 billion takeover

Chamwe Kaira  Curro Holdings has moved a step closer to going private after the Botswana Competition and Consumer Authority granted unconditional approval for the proposed buyout. The transaction, driven by Jannie Mouton Stigting, aims to acquire all issued Curro shares through a scheme of arrangement.  Once completed, Curro will be delisted from the Johannesburg Stock Exchange (JSE). Details of the deal were first shared with shareholders on 2 October 2025 in a circular outlining the suspensive conditions required for the takeover.  While Botswana has now approved the transaction, it still awaits clearance from South Africa’s competition authorities. Curro, which jointly…
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Standard Bank, NIFA equip MSMEs for trade competitiveness

Standard Bank, NIFA equip MSMEs for trade competitiveness

Staff Writer  Trade experts and policymakers met in Windhoek on Thursday to discuss ways to expand regional and continental market access for Namibian micro, small and medium-sized enterprises (MSMEs).  The discussions took place during the Market Access and Trade Opportunity Evening, hosted by Standard Bank Namibia in partnership with the Namibia Investment and Finance Academy (NIFA). The event formed part of the Standard Bank Blue Growth Series, an initiative focused on SME growth, financial inclusion and sustainable entrepreneurship.  Entrepreneurs and MSMEs received insights on trade finance, logistics and practical strategies for entering new markets across borders. The head of commercial…
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Koryx Copper finalises move to Luxembourg

Koryx Copper finalises move to Luxembourg

Staff Writer  Koryx Copper Inc. has completed its corporate move from British Columbia to the Grand Duchy of Luxembourg.  The continuation was carried out under section 308 of British Columbia’s Business Corporations Act, authorised by the Registrar of Companies and approved by shareholders at a special meeting on 15 October 2025.  The company will now operate as Koryx Copper S.A., pending final approval from the TSX Venture Exchange. The TSX-V has already given conditional approval for the transition. As part of the move, the company strengthened its board with two new independent directors, Cristina Lara and Tarik El Hanch.  Lara…
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NA blocks urgent bid to grant NNN oil regulatory powers 

NA blocks urgent bid to grant NNN oil regulatory powers 

Justicia Shipena  The National Assembly has put on hold a proposal that seeks to shift key powers under the Petroleum Act from the minister of industries, mines and energy to the President.  The amendment would give President Netumbo Nandi-Ndaitwah authority to grant, renew, or revoke oil and gas exploration licences and production rights. The move was shelved after interim minister of industries, mines and energy Frans Kapofi asked the house on Wednesday to allow him to table a bill on it as urgent.  The speaker of the National Assembly, Saara Kuugongelwa-Amadhila, would have had to adjust the order of the…
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Air Namibia to return as Namibia Air 

Air Namibia to return as Namibia Air 

Allexer Namundjembo  Namibia Air has been approved as the name for the country’s new national airline.  Works and Transport Minister Veikko Nekundi said Cabinet has endorsed the name and that the airline will be established as Namibia Air (Pty) Ltd under the Companies Act. Nekundi said the airline will be fully owned by the Namibian government.  He said the decision follows a policy directive by President Netumbo Nandi-Ndaitwah and that work to set up the airline is already underway. A technical committee of local aviation experts has been appointed to guide the process and ensure long-term sustainability and financial viability. …
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Parliament report warns conservancies rely too much on trophy hunting

Parliament report warns conservancies rely too much on trophy hunting

Renthia Kaimbi  Trophy hunting pushed conservancy revenue up to N$30 million in the last financial year for communities in the Zambezi, Kavango East and Kavango West regions, a new parliamentary oversight report has found.  The report warns that the system is now too dependent on a single income source and calls for urgent changes to protect both communities and wildlife. The report, led by Tobie Aupindi, chairperson of the parliamentary standing committee on agriculture, environment and natural resources, follows the committee’s oversight visit in August 2025.  It states that while the community-based natural resource management (CBNRM) programme has empowered rural…
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EU injects N$13 million into Lüderitz port expansion plan

EU injects N$13 million into Lüderitz port expansion plan

Justicia Shipena  The European Union (EU), the Port of Rotterdam and the Namibian Ports Authority (Namport) have signed a deal to advance the expansion of Lüderitz Port at Angra Point.  The agreement forms part of the EU–Namibia strategic partnership on sustainable raw materials value chains and renewable hydrogen. Under the deal, the EU has committed N$13 million to support planning for the port’s expansion.  The agreement was signed during the closing session of its Africa regional workshop on Global Gateway Green Shipping Corridors in Walvis Bay.  Maritime transport must undergo rapid change to cut emissions, European Union (EU) ambassador to…
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Walu and Fisheries Ministry clash over fishing jobs scheme

Walu and Fisheries Ministry clash over fishing jobs scheme

Renthia Kaimbi The Ministry of Agriculture, Fisheries, Water and Land Reform has defended the Government Employment Redress Programme (GERP), saying it was lawfully created to secure permanent jobs for retrenched fishermen.  The defence comes after criticism from Walu Fishing Investments (Pty) Ltd, which accused the programme of being a flawed system that misleads workers and undermines the country’s marine resources. Walu’s managing director, Erna Loch, argued that the initiative has been distorted for personal and political benefit rather than creating meaningful jobs. The ministry responded by stating that a Cabinet directive set up GERP and selected companies implemented it through…
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OBSERVER DAILY | Namibia Air: What’s in a name?

When the Cabinet recently announced the launch of a new national carrier under the name Namibia Air, it marked a bold and welcome move by the administration of President Netumbo Nandi‑Ndaitwah and her team. At a time when national symbols matter more than ever, the decision sends a signal that Namibia intends to reclaim pride of place in the skies. The return of our national airline taps into something deeply Namibian: the idea of connection, of our country being visible in global skies, of our citizens and stories being carried across continents. That ambition deserves applause. It is a sign…
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