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Staff Writer Koryx Copper Inc. has closed a C$5 million (N$68 million) sidecar non-brokered private placement with mainly Namibian institutional and retail investors, lifting its total financing to C$51 million. The company issued 2,040,816 common shares at C$2.45 per share, raising gross proceeds of C$5 million.  The placement was completed on the same terms as the C$46 million bought-deal financing announced on 6 January 2026 and closed on 20 January 2026. Finder’s fees of C$150,000 were paid to Cirrus Capital (Pty) Ltd. All shares issued under the placement are subject to a hold period of four months and one day…

Chamwe Kaira  Namibian Ports Authority (Namport) says changing economic conditions among regional trading partners present both opportunities and competitive pressure for Namibia’s ports as countries adjust to slower global growth, infrastructure limits and commodity price swings. Namport said South Africa’s economy slowed to 0.5% growth in 2024, weighed down by structural challenges, drought, weak performance by state-owned enterprises and ongoing transport and logistics constraints.  While improvements in electricity supply offered some relief, growth prospects remain limited, with GDP expected to rise by 0.7% in 2025 and average 1.2% in 2026 and 2027. Despite gradual improvements in South Africa’s logistics network,…

Staff Writer KPMG says organisations worldwide are moving past pilot projects and are now integrating artificial intelligence into core operations, according to its Global Tech Report 2026. The report, titled Leading in the Intelligence Age: Excelling Today, Shaping Tomorrow, shows that while the use of AI and other advanced technologies is rising fast, scaling them brings new challenges and uneven returns on investment. The survey covered 2,500 executives from 27 countries across sectors including automotive, retail, energy, financial services, government, healthcare, manufacturing, and technology.  It found that 68% of organisations aim to reach the highest level of AI maturity by…

Chamwe Kaira The rollout of 5G technology is emerging as a key driver of Namibia’s ICT sector transformation, positioning the industry for faster growth, innovation and wider economic integration in 2026, according to the Communications Regulatory Authority of Namibia (Cran). After a year of regulatory and technological progress, 5G is moving beyond faster mobile broadband to support new uses across transport and logistics, finance, trade, agriculture, health, education, mining and energy.  Cran says companies around the world are using 5G to improve efficiency, automation and security through private networks, a trend that is starting to take shape in Namibia. The…