Observer Money

Chamwe Kaira The global uranium market outlook remains firm as demand for nuclear energy rises due to energy security concerns and growing electrification.  Utilities are seeking secure uranium supplies from Western-aligned countries amid supply constraints caused by years of underinvestment.  This is based on the Langer Heinrich Mine investor report released by Paladin Energy. In Namibia, Paladin Energy’s Langer Heinrich Mine is ramping up towards full mining and processing operations. The mine produced 2.3 million pounds of U₃O₈ during the first half of the 2026 financial year.  Full-year production for FY2026 is expected to reach the upper end of the…

Staff Writer Trustco Group Holdings Limited has announced that Meya Mining Limited, in which the Windhoek-based group holds an indirect equity interest, has secured a US$25 million financing facility from Ecobank Sierra Leone Limited, supported by Ecobank Ghana Plc. The funding was announced at a signing ceremony on the opening day of the Africa Mining Indaba 2026 in Cape Town.  Meya said the facility was obtained on normal commercial terms and does not include any equity conversion rights or restrictive conditions. The company said the financing marks a step toward full commercial diamond production under its 25-year exclusive mining licence…

Hileni Amadhila February tells us that love should be exciting. Big gestures. Surprise spending. Something memorable enough to post about. But when it comes to money and relationships, the kind of love that lasts is usually quiet, practical and, frankly, a bit boring. Borrowing money choices don’t make for good stories. No one brags about sticking to a budget or paying an insurance premium on time. Yet these are the choices that protect relationships when life takes an unexpected turn. They’re the decisions that keep stress low and trust intact long after the flowers have wilted. Money is one of…

Staff Writer Nedbank Group Limited and Nedbank Limited have announced changes to their boards of directors and board committees as part of the group’s board continuity programme. With effect from 3 March 2026, Peter Wharton-Hood has been appointed as an independent non-executive director on the boards of Nedbank Group and Nedbank. He will also serve on the Nedbank Group Credit Committee and the large-exposure approval committee.  Wharton-Hood is the Group Chief Executive of Life Healthcare Group Holdings Limited and has more than 20 years of international executive and board experience. He has previously held senior roles at Standard Bank Group…

Namibia’s upstream narrative has, until recently, been defined by deepwater success in the Orange Basin, where major offshore discoveries have transformed perceptions of the country’s hydrocarbon potential. Galp’s Mopane discovery, estimated to hold up to 10 billion barrels of oil equivalent, alongside TotalEnergies’ Venus find, has firmly positioned Namibia on the global exploration map and underpinned expectations of first offshore oil before the end of the decade.  Alongside this offshore momentum, however, a parallel story is unfolding onshore, where frontier basins, lower entry costs and improving geological understanding are drawing increased attention from explorers and investors alike. Onshore Namibia presents…

Chamwe Kaira  The Namibia Airports Company Limited (NAC) recorded revenue growth of 6% in the 2024/25 financial year as passenger volumes continued to recover. For the year ended 31 March 2025, NAC’s revenue increased by 6% to N$540 million. The company said the growth was driven by improved passenger numbers and a return to normal operations after the Covid-19 pandemic. Aeronautical revenue also increased by 6%, supported by route development initiatives and stronger relationships with strategic partners. NAC chief executive officer Bisey /Uirab said the results show the company’s ability to respond to market needs while preparing for future growth. …

Staff Writer Andrada Mining Limited has signed a cooperation agreement with the European Investment Bank to advance the feasibility study for the Uis Lithium Expansion Project in Namibia. The agreement was concluded through Andrada’s wholly owned subsidiary, Uis Tin Mining Company (Proprietary) Limited. It will provide technical and project development support to move the lithium project to a bankable feasibility level. The support will come through the EU-funded Critical Raw Materials Technical Assistance Facility under the EU–OACPS framework. Consulting services worth up to €2 million, about N$37.9 million, will be provided as a non-dilutive grant. The agreement carries no repayment…

Nhika Vassallo and Magano Erkana Namibia, the world’s third-largest uranium producer, contributes approximately 10% of global uranium output, which is no small feat for a ‘small’ nation.  Namibia is currently able to produce about 60% of its energy demand locally while importing the shortfall from neighbouring nations. This dependency, coupled with rising energy demands, underscores the need for energy diversification. With hydropower, solar, and wind dominating its current energy mix, nuclear power offers a promising solution to achieve energy security, reduce carbon emissions, and support economic growth aligned with Namibia’s Vision 2030. Historical ambitions and policy development Namibia’s nuclear energy…

Chamwe Kaira  Passenger traffic at Namibia’s airports exceeded one million for the first time since the Covid-19 pandemic, reaching 1,055,641 in the 2024/25 financial year. According to the Namibia Airports Company Limited’s (NAC) 2024/25 Annual Report, this marks a 23% increase from the 854 808 passengers recorded in 2023/24. Flight movements rose by 8% to 46 994, compared to 43,505 in the previous year. This figure remains below the pre-pandemic peak of 60,288 movements recorded in 2019, which NAC attributes to the exit of several regional carriers. Aeronautical revenue increased to N$346.2 million in 2024/25 from N$326.2 million in 2023/24. …