Observer Money

MAURIZA FREDERICKS As the Namibian festive season fills the air, many families eagerly anticipate a time of celebration, togetherness, and cherished memories. However, this joyous period can also bring financial strain due to increased spending on gifts, travel, and entertainment. To avoid the post-holiday financial blues, it is crucial to plan your festive season expenses wisely and ensure a joyous celebration without financial burdens. Here are some realistic tips to accomplish just that. Create a Realistic Budget The foundation of a stress-free festive season lies in a well-structured budget. Start by creating a detailed budget that accounts for all your…

Anglo American plc, which owns De Beers has provided an update on its performance during 2023 and setting out capital expenditure and production guidance for the next three financial years. De Beers jointly owns diamond operations in Namibia with the government. Duncan Wanblad, Chief Executive of Anglo American, said: “The prospects for mined products have rarely looked better. In the near term, given continuing elevated macro volatility, we are being deliberate in reducing our costs and prioritising our capital to drive more profitable production on a sustainable basis. We are focused on what we can control - safety, operational discipline…

With the arrival of Generative AI in 2023, the technology has surged to the top of airport and airline agendas, with 97 percent of airlines planning a program to develop the technology. This has taken the limelight away from Metaverse, which was the focus for 2022. Similarly, Urban Air Mobility has seen surging interest from airlines and airports, with the first flights due to take off in 2024. As a result, investment in the space across all stakeholders (including OEM, infrastructure, and systems) is projected to accelerate from US$5 billion in 2022 to US$28 billion in 2030. These were some…

KPMG has released a new report highlighting Africa’s significant investment opportunity in renewable energy, detailing nearly US$250 billion untapped green investment opportunities in areas such as solar, wind and hydrogen. As it stands, Africa will need US$277 billion annually between 2020 and 2030 to reach its Paris Agreement targets and implement its nationally determined contributions, to contribute to limiting global warming to 1.5°C, according to the Climate Policy Initiative. Despite this, it currently only receives US$29.5 billion in annual climate finance, revealing the significant inflows of both public and private finances required from domestic and international sources. The report ‘Climate…

Martin Endjala According to Jan Coetzee, Managing Director of Headway Consulting, Namibia is making significant strides in embracing technology, establishing best practices within organizations, and recognizing the advantages of adhering to international standards in enhancing service delivery and the bottom line. However, the country still faces certain challenges, and both organizations and the nation as a whole must take the need for streamlining processes, compliance, and digitalization more seriously. "Organizations can greatly benefit from Enterprise Resource Planning (ERP) tools and available software to facilitate this transformation," Coetzee said. He believes that by embracing and implementing such tools throughout an entire…

Chamwe Kaira MTC delivered a good financial performance that is in line with the expectation for the financial year. Despite the challenging economic conditions, such as elevated inflation and the weaker local currency against the US dollar, the company adapted with a five percent total income growth compared to 3.7 percent in 2022, the company said in consolidated results for the year ended 30 September 2023. MTC said income growth was driven by the increase in demand for data, growth in prepaid products, resumption of roaming services and continued expansion of enterprise services. “The demand for fixed line services continued…