Observer Money

Chamwe Kaira  Elevate Uranium says its uranium processing pilot plant is expected to arrive in Namibia by early October. The company announced this in its June quarter activities report. The plant, designed to demonstrate the company’s proprietary U-pgrade beneficiation process, will undergo final factory testing in Perth in late July. In early August, it will be packed and shipped to Namibia, where it will be assembled on-site. The U-pgrade process aims to remove gangue waste and concentrate uranium mineral into a low-mass, high-grade product before leaching. The pilot plant is intended to operate continuously to confirm the process at scale…

Chamwe Kaira  The gaming industry generated about N$32 million in revenue during the 2024/25 period, up from N$9.3 million in 2022/23. It is projected to grow by 8.1% by 2030. In 2020/21, the industry recorded around 4,140 jobs. The State Lottery alone is expected to generate over N$100 million in revenue by 2030 and contribute meaningfully to the country's GDP. Growth in mobile gaming, augmented and virtual reality technologies, and the broader ramifications market are seen as key drivers. This is according to the Sixth National Development Plan (NDP6). The plan notes that the gaming industry is evolving and presents…

Chamwe Kaira  Deep Yellow Limited is preparing to begin mining at its Tumas Project in the Erongo Region by late 2026.  The company is finalising negotiations with prequalified mining contractors before awarding contracts and starting operations. The update follows progress on early infrastructure works and detailed engineering at Tumas, located within ML237.  In April, Deep Yellow delayed its Final Investment Decision (FID), citing uranium prices that did not offer sufficient value to shareholders or justify new greenfield development. The company now says the rise in uranium prices since then has confirmed the logic behind that decision. Despite the FID delay,…

The imposition of a 30% tariff by the United States on all South African exports including vehicles represents a major external shock to South Africa’s automotive sector, and by extension, to Namibia’s vehicle market, which is intricately linked to its southern neighbour through trade, supply chains, and dealership networks. Namibia imports the overwhelming majority of its new vehicles from South Africa, leveraging shared logistics routes, harmonised standards under the SACU arrangement, and the ease of rand-based trade due to the currency peg. As such, any disruption to South Africa’s vehicle production and export profile will inevitably ripple through to Namibia,…

Chamwe Kaira  Paladin Energy says its Langer Heinrich Mine produced 993,843 pounds of uranium oxide during the quarter ending 30 June, a 33% increase from the previous quarter.  This marks the highest quarterly output since the mine restarted operations, bringing total production for the financial year to 3 million pounds. During the same quarter, the mine sold 710,051 pounds of uranium oxide, with total sales for the year reaching 2,705,693 pounds.  Paladin also signed one new uranium sales agreement in the quarter, bringing its total to 13 agreements with tier-one customers in the US, Europe, and Asia. The company achieved…

Hertta-Maria Amutenja  Namibia has recorded the highest tax-to-GDP ratio on the continent for the second year in a row, according to data from the African Tax Administration Forum (ATAF). This was revealed by Namibia Revenue Agency (NamRA) commissioner and ATAF vice chairperson Sam Shivute during a panel discussion at the ATAF Heads of Tax Administrations Leadership Masterclass, which is taking place this week in Rabat, Morocco. Shivute said the country's performance results from a series of domestic reforms and strategic interventions undertaken in recent years. During the panel session titled 'Embracing Collaboration and Enhanced Transparency for Domestic Resource Mobilisation', he…

Hanks Saisai Namibia is home to many communal areas under the administration of Traditional Authorities. The country's aspirations of achieving food security and the crucial role of land in this endeavour, emphasise the influence of Traditional Authorities in overseeing land for Agricultural Production. For instance, during a recent potato harvest, King Omukwanilwa Fillemon Nangolo and the leadership of the Ondonga Traditional Authority demonstrated the vital role these authorities play in agriculture. Land is considered a crucial factor of production in any agricultural business. To this end, Traditional Authorities that oversee communal land are essential stakeholders that can help transform communal…

Justicia Shipena  Forty entrepreneurs will be pitching their businesses in the final edition of the Old Mutual Sustainable, Economic and Empowerment Drive (OM SEED).  The entrepreneurs were selected from 116 applications received across the Omaheke, Otjozondjupa, Omusati, and Kunene regions and will now participate in regional business visits. The shortlisted entrepreneurs, drawn from Omaheke, Otjozondjupa, Omusati, and Kunene, will now participate in regional business visits.  During this phase, judges will meet them in person to assess their businesses and evaluate their impact on local communities. The process begins in the Omaheke Region. This year marks the final edition of OM…

Allexer Namundjembo MTC has announced plans to open new  mobile homes in northern Namibia this year, with a focus on Katima Mulilo, Divundu, and Rundu, as demand for telecommunications services continues to grow. The announcement was made during the launch of the company’s 38th mobile home in Omuthiya on Friday.  MTC’s chief commercial officer, Octivious Kahiya, said the expansion responds to rising business activity and population growth in the north-eastern regions. “Within this calendar year, we anticipate opening stores in the North East due to the increase in business and SME sectors and the overall population growth. Emphasis will be…