Observer Money

Staff Writer Sectoral job creation in projects funded by the Development Bank of Namibia (DBN) fell in the 2024/25 financial year, with supported projects creating 512 permanent and 971 temporary jobs. According to DBN’s Integrated Annual Report 2024/25, this marks a decline from the 717 permanent and 1,586 temporary jobs recorded in the previous year. Job creation within small and medium enterprises also weakened. SMEs generated 225 permanent and 257 temporary jobs in 2024/25, down from 375 permanent and 405 temporary jobs in 2023/24.  Despite the drop, SMEs continued to contribute to employment across several sectors. The construction sector remained…

Staff Writer Alexforbes Namibia has been ranked the No. 1 Top Employer in Namibia for 2026 after receiving certification from the Top Employers Institute. The accreditation recognises the company’s people practices and its focus on employee development, engagement and wellbeing.  The Top Employers Programme assesses organisations against global standards across six areas.  These include people strategy, work environment, talent acquisition, learning, diversity and inclusion, and wellbeing. Alexforbes said the ranking shows strong alignment between its people strategy and business goals, which supports long-term performance and growth. Commenting on the recognition, managing director of Alexforbes Namibia Holdings Stéfan du Preez said…

Staff Writer For many young Namibians, building a career now comes with heavy family responsibilities. Many support parents nearing retirement, younger siblings still in school, and extended family members with ongoing health needs. This often places them in the role of primary breadwinner, even as they work toward financial independence. According to Geoffrey Namaseb, sales manager at Standard Insurance Brokers Namibia, this reality is more common than many expect. “Many young professionals are the backbone of their families,” he says.  “Yet few have the savings needed to absorb sudden financial shocks, particularly the unexpected passing of a loved one –…

Chamwe Kaira  The Development Bank of Namibia (DBN) has entered a period of strategic transition with the implementation of a new five-year integrated strategic business plan aimed at strengthening the institution’s resilience, adaptability and long-term development impact. Board chairperson Evangelina Nailenge said the strategy marks an important step in repositioning DBN as a future-focused development finance institution while reinforcing its role in supporting Namibia’s economic and social progress.  She said the plan is built on four strategic pillars: financial sustainability, people and culture, market positioning, and developmental effectiveness. Nailenge said DBN’s governance framework remained sound during the period under review,…

Chamwe Kaira  The Development Bank of Namibia (DBN) has flagged several downside risks to the Namibian economy despite a positive growth outlook, according to its Integrated Annual Report for the 2024/25 financial year. The bank said one of the main risks is reduced diamond export earnings, driven by declining global diamond prices and growing competition from lab-grown alternatives.  It also warned that possible trade disruptions linked to rising protectionist policies, together with inflationary pressures caused by ongoing global conflicts, continue to increase economic uncertainty. Fiscal pressures remain a concern, with declining revenues from the Southern African Customs Union (SACU) and…

Chamwe Kaira  Mining activities at Langer Heinrich Mine continued to ramp up during the quarter ended 31 December 2025, with drilling, blasting, and load-and-haul operations focused on the G and F pits, according to Paladin Energy.  Total material mined reached 5.53 million tonnes, up from the previous quarter, resulting in higher volumes of mined ore and low-grade ore added to stockpiles. The remaining mining fleet arrived at the port of Walvis Bay during the quarter and is scheduled for delivery to the mine by the end of January, with commissioning expected in the March quarter. Crusher throughput reached 1.21 million…

Veruscka Gertze We talk a lot about empowering women with money, yet real progress happens when we move past slogans and into structure. The financial system was not designed with women’s life patterns in mind. Career breaks for caregiving, pay gaps that compound over time, longer life expectancy and higher odds of outliving a partner all shape the journey. If we ignore these realities, the advice sounds hollow. The answer is practical and personal. Start with income resilience. Build a small emergency fund that sits between you and the unexpected. It gives you choices when life shifts. Next, automate contributions…

Chamwe Kaira  Koryx Copper Inc. has closed a C$46 million (about N$543 million) bought-deal private placement, issuing 18.77 million common shares at C$2.45 per share.  The offering was led by Stifel Canada with a syndicate that included Beacon Securities, Haywood Securities, Research Capital, Red Cloud Securities, Canaccord Genuity and BMO Capital Markets.  The company said the offering was oversubscribed due to strong demand from international investors. Koryx also completed a concurrent Namibian non-brokered private placement of 2 million shares at the same price, raising C$5 million (about N$60 million).  The Namibian placement targeted institutional and retail investors and is aimed…

Chamwe Kaira  Reconnaissance Energy Africa Ltd. has raised C$36.8 million (about N$431 million) through a public share offering to fund its oil and gas activities in Namibia and Gabon. The offering was led by Research Capital Corporation, with participation from Canaccord Genuity Corp and Haywood Securities ReconAfrica sold 38.7 million units at C$0.95 each.  Each unit consists of one common share and half a warrant, giving holders the option to purchase additional shares at a later date. The company said the funds will support operations across its portfolio. In Namibia, the proceeds will be used to test and install production…

Chamwe Kaira The Development Bank of Namibia (DBN) recorded a 42% increase in operating profit to N$88.3 million, according to its 2024/25 integrated annual report. The bank said the performance reflects disciplined cost management, improved recoveries, and the resilience of its teams during a challenging economic environment. “While pressures related to asset quality and a contracting loan book persist, the Bank has taken decisive steps to stabilise risk and position itself for renewed growth,” the bank said. During the year, DBN began implementing the first year of its 2024–2029 integrated strategic business plan.  It secured N$607 million through the KfW…