Observer Money

Justicia Shipena  Forty entrepreneurs will be pitching their businesses in the final edition of the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED).  The entrepreneurs were selected from 116 applications received across the Omaheke, Otjozondjupa, Omusati, and Kunene regions and will now participate in regional business visits. The shortlisted entrepreneurs, drawn from Omaheke, Otjozondjupa, Omusati, and Kunene, will now participate in regional business visits.  During this phase, judges will meet them in person to assess their businesses and evaluate their impact on local communities. The process begins in the Omaheke Region. This year marks the final edition of OM…

Allexer Namundjembo MTC has announced plans to open new  mobile homes in northern Namibia this year, with a focus on Katima Mulilo, Divundu, and Rundu, as demand for telecommunications services continues to grow. The announcement was made during the launch of the company’s 38th mobile home in Omuthiya on Friday.  MTC’s chief commercial officer, Octivious Kahiya, said the expansion responds to rising business activity and population growth in the north-eastern regions. “Within this calendar year, we anticipate opening stores in the North East due to the increase in business and SME sectors and the overall population growth. Emphasis will be…

Chamwe Kaira TransNamib says it is working closely with stakeholders, funders, and technical advisors to review and update its procurement strategy after the cancellation of its earlier locomotive tender.  The updated approach aims to ensure compliance, value for money, and alignment with operational needs. The company has been instructed by the government to diversify its locomotive fleet. To support this, TransNamib is sourcing a rail consultant to help guide the process. A new procurement approach for acquiring 23 locomotives is currently being developed.  The process is expected to be relaunched in the coming months, pending approval from financiers and governance…

The Namibia Special Risks Insurance Association (Nasria) has disclosed that during the 2024 financial year, its total assets increased to N$869 million, and its net profit exceeded N$100 million for the first  In 2024, Nasria restructured its investment portfolio and appointed six new investment managers to lead a sustainable growth strategy. As a result, insurance revenue increased by 6%, rising from N$79 million in 2023 to N$84 million in 2024. The growth was driven mainly by policy renewals and new business. Nasria’s executive of marketing, Ndapona Schleberger, spoke to Observer Money about the association’s evolving role in the insurance industry.…

Chamwe Kaira Rosh Pinah Zinc says its Rosh Pinah 2.0 expansion project has reached 75% completion.  The construction of the paste fill and water treatment plants is finished, and both are now being commissioned. “It is anticipated that both these plants will be handed over to operations early in the first quarter of 2025,” the company said. The underground piping and boreholes needed to distribute paste to the first trial stope have been installed. Barricading for the stope is complete, and all control instruments have been connected to the new control system through SCADA. The company said earthworks and civil…

Chamwe Kaira The China Development Bank (CDB) and the Development Bank of Southern Africa (DBSA) have signed a US$293 million loan facility agreement.  This marks the first financing cooperation between the two banks and will support infrastructure, energy, ICT, water, health, and manufacturing projects across Africa. “This agreement marks a new stage in our cooperation,” said CDB president Tan Jiong.  Both banks are members of the BRICS Interbank Cooperation Mechanism.  The agreement aims to enhance financial, economic, and trade cooperation among BRICS countries and strengthen the strategic partnership between China and South Africa.  It follows the ‘Ten Major Partnership Actions’…

Chamwe Kaira Water supply remains a challenge for the expanding uranium mining sector in the Erongo Region.  Namibia ranks fourth globally in uranium production, after Australia, Kazakhstan, and Canada. The mining industry has taken steps to address water constraints. According to the Chamber of Mines of Namibia's 2024 annual report, efforts include the commissioning of a bypass connection and the rehabilitation of a 34-kilometre pipeline from Omdel to the Orano desalination plant.  This upgrade has boosted the water supply by an additional 400 to 500 cubic metres per hour. The Orano plant’s capacity was further enhanced in December 2024 with…

The Walvis Bay Corridor Group (WBCG) has welcomed the recent strong show of support from Tsodilo Resources for Namibia’s ongoing railway infrastructure upgrades and expansion plans.  The developments, particularly the rehabilitation of the Walvis Bay-Tsumeb railway line and the planned extension from Grootfontein to Katima Mulilo under the Trans-Zambezi Railway initiative, are critical to strengthening Namibia’s position as the preferred trade route for southern Africa. Tsodilo Resources Ltd, a Botswana-based mineral exploration company, has expressed interest in using the Walvis Bay Corridors to export its high-grade iron ore.  The company has plans to construct a rail link in Botswana that…

Swakopmund’s built environment is undergoing a visible transformation, driven by a combination of sustained residential demand, strategic municipal investment, and broader development efforts aimed at repositioning the town as a regional hub for tourism, industry, and education. According to the latest municipal building statistics, Swakopmund recorded a steady 18% year-on-year increase in approved building plans in June 2025, with monthly approvals rising by 22% from May to June. Residential projects continue to dominate, making up over 96% of approvals, an indication of the town’s persistent housing demand and the pace of suburban expansion.  However, what’s particularly promising is the growing…