Observer Money

Staff Writer   Namibia Health Plan (NHP), the largest medical aid fund in Namibia with about 80 000 members, says it will place a stronger focus on preventative healthcare to protect member health before illnesses become severe and costly to treat. The fund said it is seeing more cancer cases, including among younger people, as well as rising mental health conditions linked to stress. This approach forms part of NHP’s strategy to move beyond the traditional role of paying medical claims and to support members through early detection, wellness education, health risk management and timely intervention. NHP’s preventative healthcare programme includes…

Chamwe Kaira  The JSE Limited has reported record financial results for the year ended 31 December 2025, with net profit after tax exceeding R1 billion for the first time. Net profit after tax rose 16.7% to R1.07 billion from R918 million in 2024. Headline earnings per share increased 17.7% to 1,328.9 cents from 1,128.6 cents the previous year. Earnings before interest, tax and depreciation increased by 15.5% to R1.38 billion. Return on equity improved to 22.0% from 20.2% in 2024. The exchange generated net cash from operations of R1.23 billion, up 12.3% from the previous year. The board increased the…

It would be difficult to overstate the degree to which the global trading environment has deteriorated in early 2026. What began as a series of distinct geopolitical tensions – the protracted Russia-Ukraine conflict, deepening US-China rivalry, and the steady ratcheting up of protectionist trade measures – has now converged into a single, compounding set of risks.  The US-led military strikes on Iran in late February and Tehran’s subsequent declaration of war have added a volatile and unpredictable dimension to an already fragile global order. For a small, open, commodity-exporting economy like Namibia, these developments are not abstract.  They transmit directly…

Staff Writer  FirstRand Limited says high commodity prices, a weaker US dollar and policy easing by the US Federal Reserve will support the macroeconomic environment in many of the countries where the group operates. The bank said this outlook remains in place despite geopolitical tensions and policy uncertainty in major global economies. In Namibia, the FirstRand Namibia Group owns FNB Namibia and RMB Namibia. FirstRand said the macroeconomic environment in South Africa is improving during the second half of the financial year. Progress on structural reforms continues, including measures that allow more private sector investment and the creation of more…

Chamwe Kaira  Authorities have assured investors operating in Namibia’s Special Economic Zones (SEZs) that their interests will be protected while the government reviews tax incentives offered under the framework. CDH Namibia noted in its 2026/27 budget review that measures will be introduced to maintain a stable and predictable rules-based environment for businesses already operating within SEZ structures. The planned reforms aim to strengthen the role of SEZs in supporting economic activity, skills transfer and technology development while contributing to national revenue. The government indicated that the design of SEZ incentives will consider global economic conditions and Namibia’s international obligations. It…

Staff Writer Namdeb Diamond Corporation has launched a book documenting more than three decades of its operations and contribution to Namibia’s diamond industry. The book, titled Mining for Good: The Namdeb Story 1994–2024, was unveiled at an event attended by industry leaders, partners and stakeholders. The publication traces Namdeb’s development since its establishment in 1994 as a 50:50 partnership between the Government of Namibia and the De Beers Group. It also explores the broader history of diamond mining in Namibia, beginning with the first discovery in 1908. Namdeb said the book presents a narrative on the value of natural diamonds…

Staff Writer Namibia is preparing to test its first hydrogen-powered freight locomotive as part of efforts to modernise rail transport and introduce cleaner energy solutions in the logistics sector. CMB.TECH Namibia is leading the engineering and development of the locomotive, which is being assembled at the facilities of South African rail engineering company Traxtion. The project forms part of a partnership between TransNamib Holdings Limited, Africa Global Logistics and CMB.TECH Namibia. The partners aim to show how hydrogen can be integrated into Namibia’s freight rail system while reducing reliance on fossil fuels. Namibia currently has a number of idle locomotives.…

Staff Writer The Stampriet Aquifer Uranium Mining Association (Sauma) has raised concerns about a report tabled in Parliament by the standing committee on natural resources recommending that Headspring Investments be allowed to drill and carry out in situ uranium extraction at its Omaheke sites in the transboundary Stampriet Artesian Basin. Sauma said it was surprised by the committee’s findings and stated that it was not consulted during the process despite efforts to engage with the committee. The association said the committee appeared to have engaged only with Headspring Investments, a foreign-owned company. “This raises fundamental questions about the transparency, balance,…

Staff Writer  Bannerman Energy Ltd has strengthened its board with the appointment of chief executive officer Gavin Chamberlain as managing director and Danny Goeman as an independent non-executive director. Chamberlain joined Bannerman as chief operating officer in February 2023 and was promoted to chief executive officer in March 2024. He has experience in construction, engineering and project management in the mining sector in southern Africa. Chamberlain previously served as project director for the development of the US$2 billion Husab Uranium Project in Namibia, which is now one of the world’s largest operating uranium mines. Goeman joined Bannerman in May 2025…