Observer Money

Chamwe Kaira  SBN Holdings Limited, the parent company of Standard Bank Namibia, reported a 12.8% increase in profit for the year ended 31 December 2025. Profit after tax rose to N$1.187 billion compared to N$1.053 billion recorded in 2024, according to the group’s audited consolidated financial results. The group said the increase was supported by revenue growth, expansion of the loan book, cost control and lower credit impairments. Net income before tax for the period stood at N$1.649 billion. The bank said stable net interest income and improved credit conditions supported its performance during the year. Basic earnings per share…

Chamwe Kaira  Stimulus Investments Limited has issued a cautionary announcement advising shareholders that ongoing negotiations could affect the price of its preference shares. The company said discussions are still underway and could have a material impact on the value of its listed securities if concluded. Stimulus urged shareholders to exercise caution when trading in its preference shares until more information is released. The latest notice follows earlier cautionary announcements issued on 14 August 2025, 25 September 2025, 6 November 2025 and 12 January 2026. Stimulus, which is listed on the Namibia Securities Exchange under the share code SILP, did not…

Chamwe Kaira  The African Development Bank (AfDB) has maintained an active investment portfolio in Namibia valued at about N$16.4 billion as of July 2025. The portfolio includes 10 operations made up of eight sovereign projects and two non-sovereign operations structured as lines of credit. It also includes four investment projects and four technical assistance initiatives. Most of the funding comes from AfDB loans, which account for about 99.2% of the portfolio. Additional support comes from four middle-income country technical assistance fund grants, one African water facility grant and one rural water and sanitation initiative grant. The finance sector holds the…

Chamwe Kaira  The Namibian Securities Exchange recorded mixed performance during the trading week from 9 to 13 March, with the overall index declining while the local index increased slightly. The NSX Overall Index closed at 2 148.65 points, down 9.11 points, or 0.42%, from the previous week’s level of 2 157.76 points. Despite the weekly decline, the index remains slightly above its December 2025 level of 2,141.33 points. This represents a 0.34% increase since the start of the year. During 2026 the index reached a high of 2 408.59 points and a low of 2 141.86. The NSX Local Index…

Staff Writer  Simonis Storm has maintained a “hold” recommendation on Letshego Holdings Namibia Limited after reviewing the company’s financial results for the year ended 2025. The research firm said the results show strong growth in net interest income but noted that operating momentum remains moderate. Interest revenue calculated using the effective interest method increased to N$1.107 billion from N$954.2 million in the previous year. Interest expenses declined to N$382.9 million from N$404.9 million. Net interest income rose to N$723.9 million compared to N$549.3 million previously. According to the research note, the increase reflects improved margin capture and a stronger liability…

Chamwe Kaira  South African poultry producer Rainbow Chicken Limited reported higher revenue while warning that the poultry sector continues to face export constraints, logistics problems and rising disease control costs. The company said progress has been made under the poultry master plan introduced in 2019 to expand the poultry market and increase consumption. However, Rainbow said more work is needed to enable meaningful exports from South Africa’s poultry sector. One concern raised by the industry relates to uncertainty around the African Growth and Opportunity Ac (AGOA). Although the programme has been extended until 31 December 2026, the poultry sector remains…

Chamwe Kaira  Namibia reached 728 megawatts (MW) in local electricity generation capacity during the 2024/2025 financial year as new power projects came online, according to the medium-term expenditure framework for 2026/2027–2028/2029 under the Ministry of Industries, Mines and Energy. One of the major developments was the commissioning of the Anixas II Power Station, a 54 MW heavy fuel oil facility. The plant reached its commercial operation date and was officially inaugurated in March 2024. The government also issued a new 330 MW ministerial determination in December 2024 to further expand electricity generation. Renewable energy projects also progressed. The Khan Solar…

Chamwe Kaira  Namibia’s annual inflation rate slowed to 2.4% in February, down from 3.6% recorded in the same month last year. According to Namibia Statistics Agency (NSA) statistician-general and chief executive officer Alex Shimuafeni, inflation remained low during the period. Monthly inflation stood at 0.0%, compared to 0.8% recorded in January 2026. Core inflation, which excludes food and fuel, was recorded at 3.2%. Regional data showed differences in price trends across the country. Zone 2, which includes the Khomas Region, recorded the highest annual inflation rate at 3.5%. Zone 3, which covers the ||Karas, Erongo, Hardap and Omaheke regions, recorded…

Chamwe Kaira  One of Africa’s largest short-term insurers, Santam, is expanding its regional footprint while strengthening its presence in Namibia as part of a broader strategy to grow insurance coverage across southern Africa. Santam has strengthened its presence in Namibia after acquiring the insurance book of business of Western National Insurance Namibia (Pty) Ltd. The transaction allows Santam Namibia to take over existing policies from Western National Insurance Namibia, increasing its client base and expanding its position in the local insurance market. The development forms part of Santam’s regional strategy to grow insurance coverage across southern Africa. According to the…

Chamwe Kaira  The government plans to spend more than N$758 million on military training and capacity building by the 2028/29 financial year as part of efforts to strengthen defence readiness. Medium-term expenditure plans show that spending on the programme will increase over the coming years.  The allocation will rise from N$702.2 million in the revised 2025/26 budget to N$733.7 million in 2026/27, N$734.1 million in 2027/28 and N$758.4 million in 2028/29. Most of the funding will go to personnel expenditure. This expenditure is expected to increase from N$586.2 million in 2025/26 to N$639.9 million by 2028/29. Spending on goods and…