Observer Money

Chamwe Kaira Stimulus Investments Limited has agreed to sell its 50% stake in Khomas Solar Saver for N$155.7 million after receiving unconditional approval from the Namibian Competition Commission (NaCC). The company said the transaction includes the sale of its full shareholding in Khomas Solar Saver, as well as related loan claims, to Sedgeley Solar Management. Sedgeley Solar Management already owns the remaining 50% stake in the business. Stimulus said the agreement was subject to several conditions before the transaction could proceed, with approval from the competition commission being the main requirement. Following the approval, the transaction is expected to take…

Chamwe Kaira Andrada Mining Limited has secured conditional debt financing of N$98 million from two Namibian financial institutions to support expansion at its Uis mine and ongoing drilling at its Lithium Ridge project. The company said the funding will come through 10-year loan facilities provided by Bank Windhoek and Development Bank of Namibia (BoN). The loans will be channelled through its subsidiary, Uis Tin Mining Company. The financing package consists of two equal tranches of N$49 million each. Andrada said the debt funding complements the company’s US$11 million equity raise completed in April 2026 to support growth projects. The company…

The acting chief executive officer of the Walvis Bay Corridor Group (WBCG), Edward Shivute, talks to Observer Money about the operations of the WBCG and future prospects. Observer Money (OM): May you kindly give us an update on the Trans-Cunene Corridor? What new developments are happening, and what are the volumes on the corridor compared to the Trans-Zambezi and Trans-Kalahari Corridors? Edward Shivute (ES): The Trans-Cunene Corridor (TCC) continues to play an increasingly important role in facilitating trade between Namibia and Southern Angola and remains a key component of the broader regional trade and transport network within the SADC region.…

Chamwe Kaira  The government has officially gazetted the Appropriation Act, 2026, authorising government spending for the financial year ending 31 March 2027. According to the government notice No. 168 of 2026 published by the office of the prime minister in the government gazette, the law was passed by Parliament and signed by President Netumbo Nandi-Ndaitwah on 21 May 2026 in line with Article 56 of the Constitution. The Appropriation Act, 2026, authorises withdrawals from the State Revenue Fund to cover government expenditure under the State Finance Act of 1991. The government allocated N$87.93 billion across ministries, offices and agencies. The…

Staff Writer Koryx Copper S.A. has confirmed the completion of its move from British Columbia, Canada, to Luxembourg following approval from the TSX Venture Exchange. The company said the continuation was completed under section 308 of the Business Corporations Act of British Columbia. Koryx also confirmed its name change from Koryx Copper Inc. to Koryx Copper S.A. after receiving approval from the TSX Venture Exchange. The company’s shares started trading under the new name on 27 March 2026 while keeping the “KRY” ticker symbol on the exchange. Koryx said its shares were assigned a new CUSIP number of L5S2AP105 and…

Chamwe Kaira Savanna Beef Processors Limited has delayed the release of its audited annual financial results for the year ended 28 February 2026 due to additional administrative work linked to its recently approved export certification. In a notice to shareholders, the company said the results would not be published within the period required under the Namibia Securities Exchange Listing Requirement 3.16. Savanna said the delay followed administrative processes connected to the export certification granted to its beef abattoir. The company said the certification process required further reconciliation and validation of information supporting the annual financial statements. Savanna said its board…

Staff Writer The Chamber of Mines of Namibia says safety performance across member mining operations improved during 2025, with zero fatalities recorded among its members and fewer workplace injuries reported. Chamber president George Botshiwe said health and safety remain the industry’s top priority. He said every worker should return home safely and without injury or occupational illness. “It is therefore with deep regret that the industry recorded a fatality in November 2025 at a non-Chamber member operation,” Botshiwe said. Although the fatality did not happen at a chamber member mine, he said the incident affected the entire mining sector and…

Chamwe Kaira Stimulus Investments Limited reported lower profit for the year ended 28 February 2026 despite continued growth across its investment portfolio and higher dividend income from investee companies. The listed investment company recorded a profit of N$22.7 million, down from N$49.8 million in 2025. Operating profit also declined to N$85.3 million from N$108.9 million the previous year. Stimulus said its net assets under management still increased by 9% during the financial year, compared to 12.7% growth in 2025. The company invests in unlisted businesses for capital growth and investment income. Its portfolio includes Cymot Group, Khomas Solar Saver, Neo…

Chamwe Kaira  South Africa-based Africa Bitcoin Corporation plans to expand its Altvest Credit Opportunities Fund into Namibia in 2026 as part of a broader African growth strategy. The company, which is listed on the Namibian Securities Exchange (NSX), said investor roadshows are already taking place in Namibia and Botswana to raise capital for the fund. The company also plans to expand into Uganda and Kenya. Africa Bitcoin Corporation said the Namibia expansion comes as interest in alternative investments, private credit and digital assets continues to grow across southern Africa. However, Namibia’s regulators have maintained a cautious approach toward cryptocurrencies and…

Chamwe Kaira  The Chamber of Mines of Namibia says its relationship with the government came under pressure during 2025 due to disagreements over proposed local ownership requirements for the mining sector. In its latest industry review, the Chamber said engagement with the Ministry of Industries, Mines and Energy became difficult during the year, especially after the ministry’s mandate was expanded to include the industries portfolio. The Chamber said former minister of industries, mines and energy Natangwe Ithete was also serving as deputy prime minister at the time, which created scheduling difficulties. After a new minister was appointed in March 2025,…