Observer Money – Page 4 – Windhoek Observer

17 Nov

NAM assets under management reach N$22.2 billion

Observer Money

Chamwe Kaira Namibia Asset Management (NAM) reported growth in key financial indicators for the year ended 30 September 2025, reflecting steady performance in a difficult economic period. Operating profit increased to N$16.1 million from N$13.7 million the previous year. Fund management earnings rose to N$10.7 million, compared to N$9.4 million in 2024. Total comprehensive income reached N$12.4 million. Shareholders also saw stronger returns. Basic and headline earnings per share increased to 7.89 cents from 6.99 cents in 2024. Net asset value per share improved to 21.48 cents. NAM’s assets under management grew by 9.9% to N$22.2 billion. The company said…

17 Nov

Santam premiums and profits rise sharply

Observer Money

Chamwe Kaira Santam Limited reported strong results for the nine months ending 30 September, delivering growth across key areas and beating its long-term targets. The company recorded double-digit growth in gross written and net earned premiums. Its underwriting margin stayed above the targeted 5 to 10% range, and its annualised return on capital exceeded 30%. Net income growth remained in line with the first half of the year. On 7 April 2025, Allianz Europe BV acquired 8.59% in SanlamAllianz. This resulted in a final shareholding split of 51% for Sanlam and 49% for Allianz. Sanlam Life Namibia was sold to…

17 Nov

Namibia gets N$876m from Germany for new clean energy projects

Observer Money

Staff Writer Germany will provide Namibia with €43.8 million (about N$876 million) for new projects in green energy, vocational training, sustainable urban development and natural resource management. The support was confirmed during intergovernmental negotiations between the two governments held on Thursday in Lüderitz. The funds will assist Namibia in meeting targets under the sixth National Development Plan (NDP6). Namibia aims to raise electricity access from about 59% today to 70% by 2030 and reach universal access by 2040. Germany will support efforts to expand affordable, reliable and clean energy. This includes improving planning and strategy, strengthening infrastructure for decentralised energy…

17 Nov

Capricorn Group bids farewell to Swanepoel

Observer Money

Chamwe Kaira Capricorn Group Limited has announced the retirement of long-serving board member Johan Swanepoel, who stepped down as an independent non-executive director on 5 November 2025. The update was released through a notice on the Namibia Stock Exchange (NSX). Swanepoel served the group for more than 26 years, including five years as chairperson. The board praised his “exceptional leadership and vision,” saying he helped shape Capricorn Group into one of Namibia’s most respected financial institutions. Although leaving the group board, Swanepoel will continue as chairperson of Bank Windhoek Limited, a Capricorn subsidiary, allowing the company to draw on his…

17 Nov

Botswana gives green light to Curro’s N$7.2 billion takeover

Observer Money

Chamwe Kaira Curro Holdings has moved a step closer to going private after the Botswana Competition and Consumer Authority granted unconditional approval for the proposed buyout. The transaction, driven by Jannie Mouton Stigting, aims to acquire all issued Curro shares through a scheme of arrangement. Once completed, Curro will be delisted from the Johannesburg Stock Exchange (JSE). Details of the deal were first shared with shareholders on 2 October 2025 in a circular outlining the suspensive conditions required for the takeover. While Botswana has now approved the transaction, it still awaits clearance from South Africa’s competition authorities. Curro, which jointly…

17 Nov

Standard Bank, NIFA equip MSMEs for trade competitiveness

Observer Money

Staff Writer Trade experts and policymakers met in Windhoek on Thursday to discuss ways to expand regional and continental market access for Namibian micro, small and medium-sized enterprises (MSMEs). The discussions took place during the Market Access and Trade Opportunity Evening, hosted by Standard Bank Namibia in partnership with the Namibia Investment and Finance Academy (NIFA). The event formed part of the Standard Bank Blue Growth Series, an initiative focused on SME growth, financial inclusion and sustainable entrepreneurship. Entrepreneurs and MSMEs received insights on trade finance, logistics and practical strategies for entering new markets across borders. The head of commercial…

17 Nov

Koryx Copper finalises move to Luxembourg

Observer Money

Staff Writer Koryx Copper Inc. has completed its corporate move from British Columbia to the Grand Duchy of Luxembourg. The continuation was carried out under section 308 of British Columbia’s Business Corporations Act, authorised by the Registrar of Companies and approved by shareholders at a special meeting on 15 October 2025. The company will now operate as Koryx Copper S.A., pending final approval from the TSX Venture Exchange. The TSX-V has already given conditional approval for the transition. As part of the move, the company strengthened its board with two new independent directors, Cristina Lara and Tarik El Hanch. Lara…

13 Nov

BoN plans instant payment platform for creatives

Observer Money

Chamwe Kaira The Bank of Namibia (BoN) plans to introduce an Instant Payment Platform (IPP) in 2026 to support fast, low-cost digital payments. BoN governor Johannes !Gawaxab said the system will help freelancers and small creative businesses access income and markets more easily. He spoke during a discussion on “Unleashing the Power of the Creative Industry” held in Windhoek this week. The bank is also reviewing collateral rules, exploring intellectual property–based lending, and promoting innovation-friendly regulation through the Namibia Regulators Forum. !Gawaxab said Namibia’s future depends on the imagination, innovation and ingenuity of its people, not only on minerals or…

13 Nov

Revenue falls below forecast

Observer Money

Chamwe Kaira Revenue performance for the 2025/26 financial year has fallen below initial projections due to external and cyclical factors outside Namibia’s control, the Ministry of Finance has said. Executive director Michael Humavindu said the shortfall has slightly widened the fiscal deficit and will require additional financing for the rest of the year. He said the government remains committed to raising capital in a responsible and sustainable way to meet its obligations and support economic activity. The ministry will continue to adopt proactive, disciplined and transparent debt management practices. “The government remains committed to protecting fiscal stability while ensuring that…

13 Nov

Bitcoin treasury grows to N$5.8m

Observer Money

Chamwe Kaira Africa Bitcoin Corporation Limited has expanded its cryptocurrency treasury after acquiring more Bitcoin. The company, listed on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange (NSX), said its subsidiary Africa Bitcoin Strategies bought 0.6833 Bitcoin on 7 November. The Bitcoin was purchased at an average price of N$1.77 million per coin, bringing the total transaction cost to N$1.21 million, including all fees. The purchase was made through the VALR over-the-counter trading desk and funded from the company’s recent equity capital raise of N$4.05 million. Africa Bitcoin Corporation now holds 3.1949 Bitcoin in total, with a combined…