Observer Money

Staff Writer  Bank Windhoek has launched its EasyWallet On-Send feature, allowing customers to send money instantly from one EasyWallet to another.  The feature, the first of its kind in Namibia, enables users to transfer funds even to people without bank accounts. After a successful soft launch earlier this month, EasyWallet On-Send is now available to the public through Bank Windhoek’s USSD Cellphone Banking menu.  It is currently accessible to MTC mobile users and will soon expand to TN Mobile customers. To use the service, customers must complete a quick, one-time Know Your Customer (KYC) verification by entering their ID or…

Chamwe Kaira  President Duma Boko has emphasised Botswana's commitment to strengthening its energy independence and improving its investment climate.  He outlined steps to boost local electricity generation, expand renewable energy, and modernise infrastructure to attract investors. Speaking during the state of the nation address, Boko said Botswana’s current electricity demand stands at 700 megawatts (MW) at peak and 450 MW nominal, with about 65 to 70% supplied locally and the rest imported.  To ensure a secure energy supply and build export capacity, the government is scaling up both renewable and thermal power generation. Under its renewable energy drive, Botswana is…

Chamwe Kaira Namibia’s informal economy contributes about US$13 billion (approximately N$240.5 billion) in purchasing power parity (PPP) terms and remains one of the largest drivers of employment and income in the country. According to the national informal economy, startups and entrepreneurship development policy (NIESEP), the informal economy contributed an estimated 24.7% of gross domestic product (GDP) in 2023, roughly US$8 billion (N$148 billion) in purchasing power parity (PPP) terms. By 2025, this share has grown to 26.5%, equal to about US$13 billion.  The informal economy also employs about 58% of the country's workforce, making it a central part of the…

Chamwe Kaira Namibia’s mining sector showed mixed but steady performance in September as global economic conditions remained fragile. This is according to the Chamber of Mines of Namibia’s monthly mining update for September. Despite trade disruptions and higher tariffs, uranium and gold continued to drive growth and sustain export earnings, confirming the sector’s importance to the national economy. “While the global outlook remains uncertain, Namibia’s mining industry continues to show resilience,” said Veston Malango, chief executive officer of the Chamber of Mines.  “Strong uranium and gold performance, coupled with investor confidence in our critical-mineral potential, positions Namibia well for long-term…

Staff Writer Standard Bank Namibia and RMB Namibia, in partnership with Terminal Investment Namibia (TIN), will fund a N$2.1 billion project to modernise the Port of Walvis Bay. The investment will help transform the port into a leading African transshipment hub. The collaboration supports TIN’s capital expenditure programme, which aims to upgrade terminal operations, increase capacity, and strengthen Namibia’s role as a key gateway for regional trade.  The project follows Namport’s decision to grant TIN a 25-year concession to operate and maintain the container terminal at Walvis Bay. Standard Bank Namibia and RMB Namibia structured and arranged the external funding…

Staff Writer Acacia-Composites Manufacturing, Africa’s only producer of Wood Plastic Composite (WPC) decking, cladding and battens, has signed a distribution agreement with Halsted Builders Express Zimbabwe, the leading construction and building supply company in Zimbabwe. The partnership follows an introduction to Acacia-Composites Manufacturing’s products at WoodEX for Africa in Johannesburg earlier this year.  During a visit to the Windhoek manufacturing plant, Halsted chief executive officer Stuart Knight was impressed by the quality of Acacia’s products. As a result, the two companies agreed to bring Acacia’s WPC decking to the Zimbabwean market.  The order of high-performance decking marks a key step…

Staff Writer The Nissan X-TRAIL is celebrating 25 years since its launch, marking a milestone for one of the world’s most popular SUVs. Introduced in 2000, the first-generation X-TRAIL (T30: 2000–2007) pioneered a new motoring category. It combined comfort, performance, and practicality in a 4WD vehicle, breaking the perception that such cars were heavy on fuel. The T30 featured a spacious interior designed for outdoor and sports use, a large cargo area, washable luggage boards, and water-repellent seats.  In 2003, a model update improved driver comfort with a pop-up steering wheel that tilted up to 45 degrees. The “Hyper Roof…

Staff Writer Orience’s Southern Africa team will host roadshows in Namibia and Zambia later this month to promote new international investment opportunities. The firm, known globally for offering residency and citizenship through investment, will hold its Windhoek roadshows from 17 to 19 November and in Lusaka, Zambia, from 19 to 21 November. Lisa Bathurst, Orience’s Southern Africa manager, said the sessions will help potential investors assess whether the Italian opportunity suits their financial and personal goals. “Potential investors must attend the roadshows to see whether the Italian opportunity would be a good fit for the investors and their families in…

Chamwe Kaira The FNB House Price Index recorded a 12-month average growth rate of 5.9% in the third quarter, down from 7.7% in the second quarter and 7.0% in the same period last year.  FNB Namibia said on Monday that despite the slowdown, the index remains resilient since exiting negative territory early this year. Price growth across the small, medium, large, and luxury segments stood at 4.4%, 0.3%, 1.9%, and -23.9%, respectively. Regionally, all areas recorded growth in the third quarter.  The central region rose by 4.8%, the coastal by 1.2%, the northern by 10.9%, and the southern by 8.5%,…

Chamwe Kaira Namibia’s inflation is expected to average between 3.5% and 3.8% in 2025, trending toward 4% in 2026 as fuel and utility costs stabilise at higher levels, according to analyst Almandro Jansen of Simonis Storm. Jansen said price pressures remain contained, but risks are tilted to the upside. “At its upcoming MPC meeting, we assign roughly a 60% probability to a further 25 basis points rate cut, aimed at supporting domestic demand while maintaining credibility in anchoring inflation expectations and preserving price stability,” he said. He noted that the inflation outlook remains steady but slightly upward. Moderating food prices…