Observer Money

Chamwe Kaira  The board of Deep Yellow Limited has appointed Greg Field as managing director and chief executive officer, with his tenure set to begin no later than 1 May 2026.  His appointment follows a global search guided by the company’s leadership transition plan.  The board focused on securing a leader with strong execution skills, a proven record in delivering capital projects and experience in the regions where the company operates. Field is a qualified mining engineer and previously served as managing director for project development at Rio Tinto.  He has worked in the resources sector for 29 years, gaining…

Chamwe Kaira  The Government Institutions Pension Fund (GIPF) this week presented an overview of its unlisted investment ecosystem to the Namibia Financial Institutions Supervisory Authority (Namfisa) amid growing calls for transparency.  The fund reported that its alternative investments portfolio had reached N$24.9 billion in committed capital and N$22.8 billion invested by 30 June 2025.  The portfolio includes 77 indirect funds, 307 underlying companies and 41 fund managers across private equity, private credit, real estate, venture capital and infrastructure. Undrawn capital stood at N$4.8 billion. The GIPF has been under pressure after announcing an N$815 million impairment loss from its investment…

Staff Writer  Choppies Enterprises shareholders have endorsed all resolutions presented at the retailer’s 2025 annual general meeting, held on 28 November.  Results released on the Namibia Stock Exchange show that 93% of the company’s 1.82 billion shares were represented at the meeting.  All ordinary and special resolutions passed, including the adoption of the audited financial statements, the remuneration policy, and the appointment of Forvis Mazars as external auditors. Shareholders confirmed the appointment of Natalie Graaff as a non-executive director with full support.  The re-election of two directors drew more mixed backing. Uttum Corea received 75% approval, while Valentine Chitalu secured…

Staff Writer  FirstRand says its operational performance for the six months ending 31 December 2025 is tracking in line with expectations. The group said easing inflation, lower interest rates and gradual improvements in household affordability supported performance across its key markets.  A voluntary trading update released on the JSE noted that macroeconomic conditions in South Africa, most African markets and the UK remained as anticipated, although Mozambique and Botswana continued to pose challenges. Despite subdued domestic system growth, inflation eased, and two 25 basis point rate cuts in July and November helped stimulate demand. FirstRand said both operational and financial…

Staff Writer  Nedbank Group says it is maintaining stable financial momentum despite tough operating conditions.  The bank released its voluntary trading and pre-close update for the 10 months to 31 October 2025, showing that performance remained steady even as South Africa’s economy faced modest growth, geopolitical uncertainty and concerns over US tariffs.  These factors continued to weigh on business confidence and delayed capital investment, while transactional activity remained muted. Nedbank said conditions have started to improve. Subdued inflation created room for further interest rate cuts, which helped lift household credit demand. Investor sentiment strengthened after progress on structural reforms, South…

Chamwe Kaira Namibia’s electricity security has improved after Eskom concluded firm power supply agreements with Namibia and Botswana, effective 1 April 2025.  The agreements come as international demand for South African power rises due to drought conditions that have reduced supply from other regional sources. Eskom’s interim performance update for the six months ended 30 September 2025 shows Namibia is among the countries relying on South Africa as Eskom stabilises its generation fleet and improves reliability.  On a non-firm basis, consumption from neighbouring states such as Eswatini, Lesotho, and Zambia also increased year-on-year, while the supply to Zimbabwe decreased due…

Chamwe Kaira A new RMB white paper on Africa’s economic future highlights Namibia as one of the continent’s key reformers, pointing to its progress in digital payments and its ambitious green hydrogen plans. According to the Continent at a Crossroads report, Namibia has become the first and only African country to integrate India’s Universal Payments Interface (UPI) into its national payments system.  The agreement between the Bank of Namibia and India’s national payments coordinator will allow real-time, low-cost digital payments across borders.  RMB says the move positions Namibia as a regional leader in interoperable financial technology.  The report notes that…

Chamwe Kaira Namibia’s primary industries are set for a mixed year in 2025, with deep losses in agriculture contrasting with a strong rebound in uranium mining, according to the Bank of Namibia’s December 2025 Economic Outlook Update. The Bank of Namibia projects a 4.2% contraction in the agriculture, forestry, and fishing sector in 2025, a widening from the 2.7% decline in 2024. The drop is driven mainly by a steep fall in livestock farming, which is expected to shrink by 22.5% as farmers work with reduced herds and limited feed after the 2024 drought. Despite the expectation of an improvement…

Staff Writer The O&L Group says it remains confident in the recovery of businesses facing challenges, including Kraatz, Hangana Seafood and Hangana Abalone. The group says its strength lies in resilience and a clear long-term vision. “While each of our businesses looks different, our vision remains the same, and that is what it’s all about: a celebration of the authentic, caring and passionate businesses, leaders and teams behind the success of O&L,” chief experience officer Franziska Rüeck said. “Let us continue to build on this momentum as we step confidently into the next phase of our Vision 2029.” Founded in…

Staff Writer  Namdeb has strengthened its partnership with the Ministry of Environment, Forestry and Tourism (MEFT) by funding the establishment of a patrol camp in the Hardap National Park. The company donated N$280 000 for the camp, which will serve as the base for the wildlife protection service team recently deployed to the park. At the handover, Namdeb’s environmental manager, Nandeshasho Nickanor, said the company’s purpose of mining for good extends beyond diamonds.  “By partnering with MEFT to establish this patrol camp, we are strengthening Namibia’s frontline defences against poaching and contributing to a shared national vision of safeguarding our…