Observer Money

Staff Writer O&L Leisure has partnered with South African Airways to launch a tourism campaign aimed at strengthening Namibia’s position as a leading African travel destination. The initiative began with a major webinar attended by more than 100 top travel agents from nine African countries.  The session brought together key Namibian tourism players, including Gondwana Collection, Namibia Wildlife Resorts, the City of Windhoek and national tourism bodies such as the Namibia Tourism Board (NTB), TASA, the Hospitality Association of Namibia (HAN) and CARAN. O&L Leisure marketing general manager Maryke van Lill said the partnership signals a shift in how Namibia…

Staff Writer The African Development Bank (AfDB) has approved a US$159.50 million loan to the Democratic Republic of Congo to improve access to the Ngandajika Agro-Industrial Park and boost connectivity in the country’s central region. The total project cost is US$177.16 million, with the Congolese government contributing the balance.  The project to strengthen connectivity at the Ngandajika Agro-Industrial Park aims to link the park more effectively to major economic corridors in central DRC. The work will include upgrades to the Nkuadi–Ngandajika–PAIN and Lukalaba–Ngandajika roads, as well as improvements to connecting sections between National Roads 1 and 2.  The project also…

Luandro Steyn  Retirement is something many people still believe they will “figure out when the time comes.” But this mindset is becoming increasingly dangerous in a world where life expectancy is rising, the economy is unpredictable, and responsibility for retirement income continues to shift from institutions to individuals.  As Namibians, we can no longer afford to treat retirement planning as an afterthought. We must place financial literacy at the centre of how we prepare for the future. The conversation about retirement needs to evolve urgently. For previous generations, retirement came with a predictable income. Today, many retirees rely on market-linked…

Chamwe Kaira Mobile Telecommunications Company (MTC) has announced a new strategy aimed at shifting the company from a traditional mobile operator to a regional digital powerhouse. MTC's managing director Licky Erastus unveiled the plan on Monday during the presentation of the 2025 annual results. He said the company has identified seven key pillars to protect its core business and expand into new digital markets. The roadmap focuses on protecting mobile revenue, winning the home market, growing enterprise services, building digital platforms, scaling fintech solutions, establishing a national data centre and expanding into local and regional markets.  Erastus said the strategy…

Staff Writer FNB Namibia Retail has appointed Mbo Luvindao as its new chief executive officer.  Luvindao steps into the role with more than 20 years of senior and executive leadership experience in Namibia’s banking and financial services sector. He began his career at Bank Windhoek, where he held several leadership roles, including head of the SME segment. He later joined NamPost as executive for financial services, where he led the Savings Bank and helped shape and implement the organisation’s strategy. Before joining FNB, Luvindao served as chief commercial officer at Letshego Bank Namibia.  He was responsible for driving the bank’s…

Staff Writer Mobile Telecommunications Company (MTC) has reported strong financial results for the 2025 financial year, supported by favourable operating conditions and ongoing strategic investments. Financial analyst Max Rix from Simonis Storm rated the stock a “measured buy,” pointing to its attractive valuation and strong cash flows, but also noting growing competitive pressure. MTC’s total income rose to N$3.71 billion, an increase of 14 to 15% year-on-year. The prepaid segment performed well, with subscriber numbers rising by 4.3% and average revenue per user growing by 14.6%. This lifted mobile revenue at a time when prepaid markets in many emerging economies…

Staff Writer The first week of December has been unusually active on the Namibian Stock Exchange (NSX), with listed companies reporting major share trades, corporate governance shifts and updates to executive incentive plans. Capricorn Group Limited confirmed a significant on-market transaction involving one of its directors.  Marthinus Johannes Prinsloo sold 385,347 ordinary shares on 5 December at N$26 per share, a transaction valued at just over N$10 million.  The group said the sale was direct and beneficial and that Prinsloo had received the necessary clearance in line with Namibian Securities Exchange rules. Global mining company Anglo American also issued a…

Staff Writer Trustco Group Holdings has rejected an attempt by the Riskowitz Value Fund (RVF) to replace the company’s board, after a regulatory review process failed to proceed. The matter began on 20 November when RVF issued a notice under Section 189 of Namibia’s Companies Act. The notice sought the removal of the current board and proposed five new directors: Grant Pattison, Dee Sauls-Deckenbrock, Jerome Davis, Sepo Haihambo and Robert Hutchinson-Keip. The move prompted Trustco to seek an independent legal opinion on whether the notice met statutory requirements for a publicly listed company. As a dual-listed entity on the JSE…

Chamwe Kaira Mobile Telecommunications Company's (MTC) profit after tax for the year ended 30 September 2025 rose to N$1.02 billion, up from N$772.9 million in 2024. MTC said the increase reflects strong execution across mobile, fixed broadband, enterprise, and digital services. Earnings per share grew to 136.37 cents, with headline earnings per share showing the same rise. Total income increased by 14.24% to N$3.71 billion, driven by higher demand for high-speed data and value-added mobile services. Prepaid subscribers grew by 4.3% after successful SIM registration campaigns, and prepaid ARPU increased by 14.6%. Improved postpaid products helped protect core revenue, while…

Chamwe Kaira The board of directors of the African Development Bank Group has approved a Country Strategy Paper for Namibia, committing US$1.78 billion (about N$33.4 billion) to support economic transformation and inclusive growth from 2025 to 2030. The funding aims to drive job creation and economic diversification at a time when Namibia faces a high youth unemployment rate of more than 40% and a drop in per capita income from US$5 942 (about N$111 500) in 2012 to US$4 240 (about N$79 500) in 2024. The group’s deputy director general for Southern Africa and country manager for Namibia, Moono Mupotola,…