Observer Money

Chamwe Kaira Swakop Uranium, operator of the Husab Mine, recorded a net profit of N$562 million in 2024, marking a strong turnaround from a loss in 2023. Total procurement for the year reached N$10.1 billion, with N$6.36 billion spent locally. The company said this reflects its continued support for Namibian suppliers and small businesses. In its 2024 sustainability report, Swakop Uranium highlighted key production achievements.  The company mined 118 million tonnes of material and reached a record processing throughput of 1 720 tonnes per hour.  Its workforce stood at 4 300 employees, representing nearly 18.5% of Namibia’s mining labour force.…

Staff Writer Alpha Namibia Industries Renewable Power Limited (ANIREP) will hold its 7th annual general meeting (AGM) virtually on 21 November, according to a notice issued to shareholders on the Namibian Stock Exchange (NSX) on Wednesday. The meeting will cover several ordinary resolutions, including the consideration of the company’s annual financial statements for the year ended 28 February 2025, the re-election of directors, and the re-appointment of auditors and the company secretary. Shareholders will also be informed that no dividend will be declared for the 2025 financial year.  The meeting will address a number of board and committee changes. The…

This year marks the conclusion of the Oryx Properties group’s three-year growth strategy, with the portfolio closing at N$4.7 billion. Over this period, unit holders have enjoyed a cumulative total return of 57%, with the 2025 financial year delivering the highest annual return of 21%. The property portfolio has expanded by N$1.8 billion, underscoring the group’s successful growth trajectory. Trading at a 41% discount to Net Asset Value (NAV), we see significant value for income-focused investors. Over the past three years, the group’s emphasis has been on growth, strategically building the portfolio to ensure sustained revenue growth from high-quality, strategically…

Chamwe Kaira The Livestock and Livestock Products Board of Namibia (LLPBN) has announced an increase in the selling price of livestock ear tags, effective 1 November 2025. The board said the adjustment follows rising supply costs affecting the production and procurement of ear tags. The new prices are as follows: Bovine Standard Size Ear Tag at N$28.15, Bovine Large Size Ear Tag at N$29.50, Bovine Ear Tag NCA at N$28.15, and Small Stock RSA Export Tag at N$5.45. The LLPBN has also introduced ALLFLEX ear tags for cattle producers, giving farmers an alternative supplier. The ALLFLEX tags are priced at…

Ramona Itembu  Resilience has long been the essence of Namibians' ability to survive life. Whether returning from financial downturns, drought, or personal financial setbacks, we have learnt to survive. But as we tick down the clock to the later part of 2025, surviving is not enough. The financial services industry must evolve from simply being resilient to actually being relevant in the lives of average Namibians. Relevance means showing up where people need us most, not just when things go wrong, but in the everyday decisions that shape their futures. It means understanding how people live, what they value, and…

STAFF WRITER Chief Executive Officer of the Namibia Chamber of Commerce and Industry (NCCI) and vice-chairperson of the Namibia Public–Private Partnership, Titus Nampala has said its possible for Namibia to grow its economy by 5% per annum. He said meeting the aspirations of National Development Plan 6 (NDP6), of growing the economy by more than 5% annually, will needs slight tweaks. The tweaks must be in approach, mindset and in the rhythm with which, the country acts, Nampala said. “The private sector is ready to assure you, Your Excellency: it is possible. And our ask is very small, tiny dare…

Chamwe Kaira The Namibian Competition Commission (NaCC) has paid N$9 million in penalties into the state revenue fund after the audit of its 2024/25 financial year by the auditor general.  This fulfils its obligation under the Competition Act, which requires all collected penalties to be transferred to the fund. NaCC corporate communication practitioner Dina //Gowases said the commission collected the penalties through settlement and consent agreements with companies in several sectors, including non-financial services (N$1 million), cement (N$5 million) and fuel and air transportation (N$3 million).  She said investigations found that some companies violated chapters 3 and 4 of the…

Staff Writer The Bank of Namibia (BoN) and the Namibia Financial Institutions Supervisory Authority (Namfisa) have released the October 2025 Financial Stability Report, assessing the strength of the country’s financial system and its ability to withstand internal and external shocks. According to the report, the domestic economy slowed sharply in the second quarter of 2025, mainly due to weak performance in the manufacturing, fishing, and agriculture sectors.  The economy grew by 1.6% during the quarter, compared to 3.3% recorded in the same period last year. The contraction was driven by declines in manufacturing, fishing and fish processing on board, and…