Observer Money

Chamwe Kaira Koryx Copper Incorporated, listed on the Namibian Stock Exchange, has announced that shareholders have overwhelmingly approved all resolutions at a special meeting held on 15 October, allowing the company to transfer its registered office and central administration from British Columbia to Luxembourg. In person or by proxy, the meeting saw the voting of 51.6 million common shares, or approximately 53.75% of Koryx's issued and outstanding shares.  The proposed transfer, known as the “continuation”, will see the company continue as a public limited company (société anonyme) under the name Koryx Copper S.A. The continuation and related resolutions received near-unanimous…

Chamwe Kaira Deep Yellow Limited has announced that its managing director and chief executive officer, John Borshoff, has stepped down from his position effective 20 October. Borshoff, who has led the company since 2016, will remain as an advisor until the end of November to ensure a smooth transition.  Under his leadership, Deep Yellow grew from a junior uranium explorer into an Australian Stock Exchange-listed producer-in-waiting with key assets in Namibia and Australia. During his tenure, Deep Yellow revitalised the Tumas Project in the Erongo Region, one of Namibia’s most advanced uranium developments, now nearing a final investment decision.  The…

Chamwe Kaira The environmental and social impact assessment (ESIA) for the proposed offshore Venus Field Development in petroleum exploration licence (PEL) 56/Block 2913B off southern Namibia is now open for public review and comment. The Draft ESIA Report, prepared by SLR Consulting and Urban Dynamics Africa, examines the potential environmental and social impacts of TotalEnergies EP Namibia B.V.’s (TEEPNA) planned project.  The report is available for public comment from 3 November to 3 December 2025. The Venus Field, discovered about 300 kilometres offshore from Oranjemund in waters roughly 3,000 metres deep, is one of Namibia’s largest oil finds.  TEEPNA, together…

Chamwe Kaira Namibia’s real estate market is undergoing major changes driven by urban growth, shifting demographics and expansion in energy, logistics and tourism.  Despite high demand, the supply of residential and commercial properties remains tight, especially in Windhoek, Swakopmund and Walvis Bay. Dominic Shikola, head of client coverage for business and commercial banking at Standard Bank Namibia, says the country must close the development finance gap to unlock its property potential. “The demand for housing and commercial space is real, urgent, and growing,” says Shikola.  “But without innovative financing, collaborative partnerships, and municipal reform, the supply gap will widen, impacting…

Chamwe Kaira Paratus Namibia Holdings (PNH) recorded strong results for the financial year ended 2025, reflecting its transition from a data connectivity provider to a full telecommunications operator, according to Simonis Storm Securities. Revenue rose by 14.6% to N$652 million, driven by recurring connectivity income, growing enterprise services, and the successful launch of its national mobile network in September.  Net profit stood at N$26.6 million, with earnings per share at 26.3 cents. The company reported EBITDA of N$203 million, supported by efficiency gains and early mobile network growth. Paratus invested N$471 million in capital expenditure during 2025, focusing on mobile…

Namibia Breweries Limited (NBL) has entered into a strategic partnership with Red Bull, becoming the official distributor of the energy drink in Namibia.  The move combines Red Bull’s global brand strength with NBL’s local distribution network and experience in the beverage industry. The partnership aims to strengthen Red Bull’s presence in Namibia while creating new opportunities for retailers and consumers.  NBL will manage the entire distribution process to meet Red Bull’s international standards and adapt to local market conditions. In a joint statement, the companies said the partnership reflects their shared commitment to sustainability, innovation and operational excellence.  It also…

Chamwe Kaira The Namibia Airports Company (NAC) recorded a profit after tax of N$9.4 million, driven by its route development strategy that attracted new services from South African Airways, Air Angola, FlySafair, and Discover Airlines.  Increased flight frequencies to Hosea Kutako and Walvis Bay International Airports lifted total passenger numbers to 1.1 million in the 2024/2025 financial year. NAC also reported a 6% rise in revenue to N$540 million and received an unqualified audit opinion for the fourth consecutive year. The results were presented during NAC’s annual general meeting (AGM), chaired by the Minister of Works and Transport, Veikko Nekundi. …

Staff Writer The Airlines Association of Southern Africa (AASA) has called for bold, collective action to transform Africa’s aviation industry.  The association says change requires harmonised regulations, open markets, better governance, financial discipline, and stronger aviation infrastructure and services. Speaking at AASA’s 55th Annual General Assembly in Lusaka, Zambia, CEO Aaron Munetsi said all players, such as airlines, airports, regulators and suppliers, must work together to reshape Africa’s aviation story and prove that African carriers can compete globally.“For too long, African aviation has been underestimated, especially by ourselves. Africa is home to 1.4 billion people, the world’s youngest population and…

Staff Writer The Johannesburg Stock Exchange (JSE), in partnership with UBS and Standard Bank Group, will host the annual South Africa Tomorrow Investor Conference on 21–22 October 2025. The event will be held under the theme “Delivering Superior Returns Through Transformative Reforms.” The conference aims to connect the US investor community with South Africa’s top JSE-listed companies and promote the country as an attractive investment destination. The South African delegation will include key figures from government and the financial sector, among them South African Reserve Bank Governor Lesetja Kganyago; Minister of Electricity and Energy Dr Kgosientsho Ramokgopa; Minister of Public…

Chamwe Kaira PSG Wealth made N$51 million from the sale of Western National Insurance Namibia to Santam Namibia. The company said in its interim results for the six months ended 31 August that the assets and liabilities related to the insurance business were classified as held for sale since 29 February 2024, after management approved the sale. The sale became effective on 3 March 2025 after all suspensive conditions were met. PSG, which operates in South Africa and Namibia, reported a 21% rise in recurring headline earnings per share and a return on equity of 28.6%. The company said better…