Observer Money

Staff Writer  The Bankers Association of Namibia (BAN) has appointed Dantagos Naomi Jimmy as its new chief executive officer, effective 1 July 2025. Jimmy brings more than 20 years of experience in investment management, financial markets, corporate governance, and strategic advisory.  She founded Ndapunikwa Investment Management (Pty) Ltd and has held senior roles at the Bank of Namibia, Alexander Forbes Investments, and IJG Securities. She holds a BSc in International Management from La Roche College in the United States and an MBA in General and Strategic Management from the Maastricht School of Management in the Netherlands.  She also completed executive…

Justicia Shipena Consumers in the Khomas Region paid more for beef fillet in June compared to May, as beef prices climbed across several regions of the country. According to the latest figures from the Livestock and Livestock Products Board of Namibia, the price of fillet in Khomas rose from N$315.98/kg in May to N$378.25/kg in June. This was a 6.93% weekly increase, the board said. Other prime cuts also saw increases. Topside climbed 3.66% to N$187.94/kg, neck rose 6.48% to N$99.99/kg, and shin increased by 5% to N$106.51/kg. At the same time, the price of thin flank dropped by 5.41%…

Justicia Shipena  Come September, Namibians will have the chance to take control of their finances through a newly launched Financial Education Masterclass by Old Mutual Namibia. The initiative, the first of its kind by Old Mutual, invites individuals across the country to complete a short online survey to express their interest in attending the free training.  According to Old Mutual, based on the responses, two regions will be selected to host the inaugural masterclasses, with the announcement scheduled for 11 August 2025 via Old Mutual’s official social media platforms. The sessions are expected to take place in September or October…

Chamwe Kaira Alpha Namibia Industries Renewable Power Limited (Anirep) says its renewable energy portfolio is on track to grow to over 190 MWp of clean, diversified energy capacity.  The company made the announcement in its latest financial results for the year ended February 28, following the successful launch of the Khan Moses Mague/Garoëb 25 MW solar PV plant. The growth outlook is supported by Anirep's recent acquisition of a 45% stake in the 50 MWp CERIM Wind Project and the development of the 100 MWp Kokerboom project. Total group revenue for the year grew to N$177.2 million, up from N$89.2…

Chamwe Kaira Namibia's international reserves dropped to N$57.4 billion at the end of May, a 9.8% decline from the previous month, according to the Bank of Namibia (BoN). The decline was driven by net outflows from commercial banks, customer foreign currency (CFC) withdrawals, and revaluation losses caused by the strengthening of the Namibian dollar against major currencies. The current level of reserves translates into 3.7 months of import cover. Excluding oil exploration and appraisal activities, the import cover stood at 4.6 months. Commercial banks’ cash holdings fell to N$8.5 billion in May from N$9.9 billion in April, due to net…

The Swakopmund Municipality has announced plans to upgrade the town’s aerodrome. This week, Observer Money asked the municipality’s public relations officer, Linda Mupupa, about the reasons behind the planned upgrade. Observer Money (OM): What has led to this proposed upgrade?  Linda Mupupa (LM): Council called for a feasibility study in 2023 to be conducted on the aerodrome. The purpose of the study was to develop a framework that will guide the council in enhancing the operations and overall functionality of the Swakopmund Aerodrome, in alignment with the council’s long-term vision. The ultimate goal is to position the aerodrome as a…

Namibia’s mining sector continues to register strong gains in 2025, with uranium and gold emerging as key pillars of economic growth and resilience. Namibia’s uranium industry stands out as a top performer, recording a 59% year-on-year increase in production as of April 2025. Supported by rising global demand for clean and reliable energy sources, uranium has become the country’s most valuable export, contributing N$2.86 billion (26%) of Namibia’s total exports for April. Namibia is cementing its reputation as a strategic supplier of uranium to the world, especially as nuclear energy gains renewed momentum in global energy transition efforts. The strong…

Chamwe Kaira Oryx Properties Limited has officially acquired Safari Investments Namibia (Proprietary) Limited, following the fulfilment of all conditions in the sale agreement.  The transaction became effective on 30 June, with the transfer of shares completed on the same day. Safari Investments RSA Limited confirmed that all conditions precedent to the sale of 100% of the issued share capital and claims in Safari Investments Namibia had been met.  The sale agreement was first announced on 28 March. Oryx informed its unitholders that the acquisition was successfully concluded and that “caution is no longer required to be exercised when dealing in…

Chamwe Kaira Namibia exported petroleum jelly valued at N$3,100 to Greece and the Cayman Islands in May.  In contrast, the country imported petroleum jelly worth N$4.9 million during the same month, mainly from South Africa. Between May 2024 and May 2025, the average monthly import value of petroleum jelly stood at N$3.7 million.  The highest import value was N$5.9 million in July 2024, while the lowest was N$1.1 million in April 2025. In terms of trade under the African Continental Free Trade Area (AfCFTA), Namibia exported goods worth N$5.3 billion to African countries and imported goods valued at N$5.7 billion,…