Observer Money

Chamwe Kaira  Gecko Gold Mining plans to explore copper, zinc, gold, and precious stones in the Otjozondjupa Region. The company aims to contribute to the country's socio-economic development through mining. Mining is Namibia’s leading economic sector, accounting for about 10% of the country’s gross domestic product each year. Gecko said the prospecting and exploration activities could boost other sectors and create temporary jobs. The company also expects to generate mineral rights levies, taxes for the government, and business opportunities for local small and medium enterprises. The company sees mining as a source of trained workers and small businesses that support…

Chamwe Kaira  Liquidity pressures are becoming clear in Namibia Breweries Limited’s (NBL) balance sheet, according to an analysis by Simonis Storm Securities. Bank overdrafts have risen to just over N$230 million. Meanwhile, net debt dropped to N$403 million from N$536 million a year earlier. However, this apparent improvement hides a weaker capital structure. The net debt-to-equity ratio jumped to 64.01%, up from 34.6% the previous year, showing a decline in balance sheet strength. Working capital also shows stress. Inventories increased by 4.7%, and trade and other payables grew by 22.5%. At the same time, trade and other receivables fell by…

Chamwe Kaira  Recent developments point to positive changes in the country’s trade environment, driven by targeted reforms and capacity-building efforts to improve efficiency, market access, and competitiveness, says Almandro Jansen, an analyst with Simonis Storm. In March 2025, the Ministry of Industrialisation and Trade launched the Namibian Trade Information Portal. This digital platform centralises key trade information, such as customs procedures, licensing requirements, tariff schedules, investment incentives, and trade regulations.  Jansen explained that the portal reduces red tape and makes trade processes more predictable. “It is particularly beneficial for small and medium-sized enterprises seeking to engage in regional and global…

Chamwe Kaira The Langer Heinrich Mine (LHM) processed more than 900 000 tonnes of ore during the March 2025 quarter. This marked the highest throughput since the mine restarted operations. The plant achieved an average recovery rate of 88%, which is within the company’s target. Paladin Energy, the mine’s operator, said it produced 745,484 pounds of uranium oxide in the March quarter. This was a 17% increase from the previous quarter and the highest quarterly output since the restart. Total uranium oxide production for the nine months ending 31 March stood at two million pounds. During the March quarter, the…

Chamwe Kaira The Otjikoto Mine is expected to produce between 165,000 and 185,000 ounces of gold in 2025. Cash operating costs are forecast between US$695 (approximately N$12 931) and US$755 (approximately N$14 054) per ounce.  All-in sustaining costs are projected between US$980 (approximately N$18 243) and US$1 040 (approximately N$19 366) per ounce. Production will be higher in the first half of the year. Open-pit mining is scheduled to end in the third quarter of 2025. The mine will process 3.4 million tonnes of ore in 2025, with an average grade of 1.63 grams per tonne and a gold recovery…

Allexer Namundjebo  Over N$56 billion of Namibia's recent Foreign Direct Investment (FDI) inflows have gone beyond oil and gas. This, according to Deputy Minister of International Relations and Trade, Jenelly Matundu, highlights a strong interest in sectors like tourism, agribusiness, and digital technology. Matundu was speaking at the launch of Namibia’s first-ever FDI Report, released by the Bank of Namibia (BoN) and the Namibia Investment Promotion and Development Board (NIPDB) on Tuesday. Matundu said the report reflects Namibia’s commitment to economic transparency. “This publication is not just a compilation of data. It symbolises our commitment to economic transparency and presents…

Hertta-Maria Amutenja Eight young Namibians have secured internships after completing a two-week technical training program through CodeConnect Namibia, run by the non-profit organisation African Connection. The training was conducted under the Binary Program, in partnership with Document Warehouse.  Participants were introduced to the company’s systems and records management tools. Boitshepo Pieters, operations manager at The African Connection, said the initiative aims to address a lack of opportunities in the technology sector. “The African Connection was inspired by the need to bridge the gap between ambition and opportunity for Namibia's youth. Recognising the global shift towards technology-driven economies, the organisation aimed…

Niël Terblanché The Caltex fuel brand has officially returned to the Namibian market with the launch of a newly rebranded service station in Windhoek, operated by Bachmus Oil and Fuel Supplies (Pty) Ltd. The new service station, located in the Southern Industrial area, represents the first of several planned outlets to operate under the Caltex brand following a strategic partnership between Bachmus and Chevron Brands International LLC. The managing director of Bachmus, Corne van Schalkwyk, said that Caltex has long-standing ties to Namibia. “This is a proud and historic moment for Bachmus. The Caltex brand holds a special place in…

Justicia Shipena  The European Union delegation to Namibia has invested N$1 million to support local crafters in the Khomas and Zambezi regions. This investment was made through the EU-Namibia Craft Project, under the Cultural Relations Platform. In this regard, 11 elected artisans took part in a workshop at the Penduka Training Centre in Windhoek. The training focused on product development, pricing, packaging and storytelling. Artisans gained hands-on experience in turning their ideas into market-ready products, especially in jewellery, beadwork and corporate gifts. “This workshop has helped build those foundations. We are investing N$1 million to support local crafters in the…