Observer Money

Staff Writer Paratus Namibia Holdings Limited said shareholders unanimously approved all resolutions tabled at its Annual General Meeting held on 27 January 2025. The meeting was convened in line with the notice issued to shareholders on 4 December 2025. No special resolutions were considered. At the time of the AGM, the company had 98.90 million shares in issue. Shareholders representing 91.84 million shares attended in person or by proxy. This represented about 93% of the total voting shares. Shareholders approved the adoption of the Integrated Annual Report for the financial year ended 30 June 2025, including the annual financial statements.…

Staff Writer Trustco Group Holdings Limited has terminated its transaction framework with Legal Shield Holdings Limited after concluding that the conduct of Riskowitz Value Fund LP was incompatible with the framework approved by shareholders. In a market update, Trustco said its board completed a detailed review of the Legal Shield transaction approved by shareholders in December 2024.  The review also considered later disclosures and the actions taken by Riskowitz Value Fund LP after the first tranche of the transaction was implemented. Trustco said shareholders approved the transaction on the clear basis that it would not lead to any direct or…

Staff Writer Woolworths Holdings Limited reported turnover and concession sales growth of 5.4% for the 26 weeks ended 28 December 2025. The growth exceeded inflation and reflected positive performance across all business segments despite tough economic conditions in South Africa and Australia. On a constant currency basis, group turnover and concession sales increased by 6.1%. The company said consumer demand remained resilient across its portfolio. In South Africa, Woolworths recorded above-market turnover and concession sales growth of 6.8%. The food business led performance, with turnover and concession sales rising by 7.0%, or 5.2%, on a comparable-store basis. The retailer reported…

The Angola Oil & Gas Conference & Exhibition (AOG), organised by Energy Capital & Power was officially launched in Luanda this week marking the start of the countdown to the country’s premier oil and gas event.  Scheduled to take place on 9-10 September 2026, in Luanda, under the theme Investing in the Future of Angola, the event comes on the heels of Angola’s 50 years of independence in 2025, providing a strategic platform for policymakers, operators, financiers and service providers to chart the next five decades of hydrocarbon development. With a one-billion-dollar investment pipeline underway, new barrels coming to the…

Chamwe Kaira Air Connect Namibia has recorded steady growth in air connectivity, positioning Namibia as the leading performer in Southern Africa in terms of new international air connections. The initiative was established in 2024 as a collaborative air service development programme led by the Namibia Airports Company, with the aim of improving international air access to the country. Passenger traffic has continued to grow. Between January and October 2025, passenger numbers increased by 11%. This followed a milestone in 2024, when Namibia recorded more than one million origin-destination passengers, also an 11% increase compared to 2023.  The figures were shared…

Chamwe Kaira Namibia exported goods worth N$5.4 billion to the African continent in November, while imports from Africa amounted to N$6.7 billion.  This resulted in a trade deficit of N$1.3 billion and total trade of N$12.1 billion for the month. A comparison of Namibia’s trade with Africa and the rest of the world shows that intra-Africa exports accounted for 54.2% of total exports. Imports from Africa represented 46.7% of total imports. According to the Namibia Statistics Agency’s (NSA) Namibia International Merchandise Trade Statistics Bulletin, this means that 45.8% of Namibia’s exports were destined for countries outside the African Continental Free…

Chamwe Kaira  The Economic Association of Namibia (EAN) has warned that while the macroeconomic outlook for 2026 appears positive, it remains narrow and vulnerable. The Bank of Namibia (BoN) expects economic growth to improve in 2026 after a subdued performance in 2025.  Growth is forecast at about 3% in 2025 and is expected to accelerate to 3.9% in 2026, assuming stronger sectoral performance and a more stable external environment. However, the EAN said economic performance remains heavily dependent on a small number of sectors, favourable weather conditions and limited fiscal space. Inflation has provided some relief. Headline inflation eased to…

Staff Writer Mr Price Group Limited says signs point to an improving economic growth outlook for South Africa in 2026.  The group said this is supported by low and stable inflation, the possibility of further interest rate cuts, gains from a strong commodity cycle and continued strength of the rand against the US dollar.  It cautioned, however, that uncertainty in the global political and economic environment could still affect the outlook. The retailer said the improved macroeconomic environment should support the retail sector by allowing more disposable income to flow into discretionary spending. In the first four weeks of January,…

Staff Writer Cashbuild Limited reported a 1% increase in group revenue in the second quarter of the 2026 financial year.  The growth was supported by new stores and the inclusion of Amper Alles, a subsidiary in which the group acquired a 60% controlling interest with effect from 1 December 2025. In a voluntary operational update released this week, Cashbuild said the increase came despite a 2% decline in revenue from its 309 existing stores.  The group’s 15 new stores contributed 3% growth during the quarter. For the half year ended 28 December 2025, group revenue rose by 3% compared to…

Chamwe Kaira  20Twenty Financial Solutions has issued its first sustainability-linked note, marking a milestone in Namibia’s debt market and securing funding to expand access to homeownership. The issuance follows the launch of the company’s Sustainability-Linked Finance Framework in October 2025 and reflects growing investor interest in instruments that link financial returns to social outcomes. The transaction was arranged and supported by RMB Namibia, which acted as arranger, NSX debt sponsor and sustainability coordinator.  The funding will support the expansion of 20Twenty’s inflation-linked home loan products, which aim to offer predictable repayments for borrowers while improving long-term financial resilience. 20Twenty provides…