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Staff Writer Grindrod Limited has reported a sharp rise in earnings for the year ended 31 December 2025, supported by once-off gains and improved performance in its core operations. The JSE-listed company, which operates in Walvis Bay, expects earnings to range between N$2.044 billion and N$2.094 billion. This compares to N$314 million in the previous financial year. Earnings per share are expected to be between 306.3 cents and 313.8 cents, up from 47.1 cents in the prior period. The increase includes once-off net profits of N$902.8 million from foreign currency translation reserves.  These gains followed the acquisition of the remaining…

Justicia Shipena  Landless People’s Movement (LPM) leader Bernadus Swartbooi says he understands why President Netumbo Nandi-Ndaitwah’s administration is gunning for a shift in oil powers as she is trying to find solutions for the oil sector. Debating the Petroleum (Exploration and Production) Amendment Bill in Parliament, Swartbooi said the president is trying to confront serious concerns in the oil and energy sector. However he said the bill is misguided.  He said the challenges include trust, corruption, and what he described as "power and resource grabs” within the system. “There’s a problem there. It’s a problem of trust. There’s a problem…

Justicia Shipena  The vice chairperson of the Economic Association of Namibia (EAN), Jesaya Hano-Oshike, said the government must use procurement as a tool to build domestic manufacturing capacity. Hano-Oshike said government spending can play a key role in supporting manufacturers and creating jobs. “Right now Namibia is sitting at 44% youth unemployment, so government procurement perhaps is one of those levers that we can use to really help build our economy. We need more local procurement by the government in the manufacturing sector. Maybe looking at the preference for local manufacturers,” he said. He said prioritising locally produced goods would…

Renthia Kaimbi Langer Heinrich Uranium Mine has invested N$1 million to support 85 young entrepreneurs in Swakopmund through a municipal youth development programme. The funding supports the Youth Entrepreneurial Development Initiative, led by the Swakopmund municipality.  The programme provides business equipment and structured support to help young people start or grow their enterprises. The first handover of equipment will take place today at the Swakopmund fire station.  The 85 selected beneficiaries will receive starter packs that include tools and equipment for trades, catering and retail businesses. The programme also includes compulsory training in business management, financial literacy and customer service. …

Renthia Kaimbi Erongo Governor Nathalia /Goagoses delivered a message of accountability and innovation, warning that internal sabotage and insubordination would no longer be tolerated as the region strives to reclaim its status as an economic powerhouse. Addressing a packed hall in the Swakopmund Municipality Chambers, the Governor used the annual staff meeting to outline a transformative vision for 2026, but not before issuing a rebuke to elements within the public service whom she accused of hindering progress. “The culture of ‘you found me here, and you will leave me here’, and sabotage is no longer going to be tolerated,” /Goagoses…