Page 12 – Windhoek Observer

15 Jun

Ongwe Minerals launches N$180 million capital raise

Observer Money

CHAMWE KAIRA Canadian-listed gold explorer Ongwe Minerals Incorporated has announced plans to raise up to C$13 million (approximately N$180 million) through a share offering and private placement to fund exploration activities on its Namibian gold projects. The company said it has entered into an agreement with Beacon Securities Limited and Research Capital Corporation to conduct a “best efforts” listed issuer financing exemption (LIFE) offering aimed at raising approximately C$10 million through the sale of 7.25 million common shares at C$1.38 per share. Ongwe Minerals has also granted the agents an option to sell an additional 1.09 million shares, which could…

15 Jun

NSX overall index gains 2.44% during week ending 12 June

Observer Money

CHAMWE KAIRA The Namibia Stock Exchange (NSX) recorded gains across its broader market during the week ending 12 June, with the Overall Index rising 2.44% to close at 2,359.13 points from 2,302.94 points in the previous trading session. The increase of 56.19 points pushed the Overall Index's year-to-date performance to 10.17%, compared to its closing level of 2,141.33 points at the end of December 2025. The index reached a 2026 high of 2,408.59 points and a low of 2,070.30 points during the year. The NSX Local Index remained largely unchanged, edging up 0.04% to 839.51 points from 839.19 points. The…

15 Jun

Instant Payment Solution completes pilot testing

Observer Money

Staff Writer Instant Payment Namibia (IPN) has announced the successful completion of pilot testing for Namibia's Instant Payment Solution (IPS) in a live production environment, marking the final milestone before the phased rollout of the country's new instant payment solution. The pilot phase involved the successful processing of live transactions between the Bank of Namibia's Currency Management and Banking Operations (CMBO) department and the first cohort of participating institutions, namely Bank Windhoek, Nampost and Letshego Bank Namibia. The successful transfer and receipt of funds confirmed the platform's operational readiness and demonstrated its ability to process instant payments securely and efficiently.…

15 Jun

Mshelbila to participate in oil and gas conference

Observer Money

Staff Writer The Namibia Oil and Gas Conference and Exhibition (NOGC) confirmed the participation of Philip Mshelbila, Secretary General of the Gas Exporting Countries Forum (GECF), at the 4th edition of NOGC, taking place from 18–20 August in Windhoek. Mshelbila assumed office on 1 January 2026 as the fifth Secretary General of the GECF. A highly respected energy executive with more than three decades of international experience, he has played a leading role in shaping the global natural gas, liquefied natural gas (LNG), and power sectors. His distinguished career spans executive leadership, board-level governance, strategic communications, stakeholder engagement, sustainability and…

15 Jun

Fitch upgrades Eskom rating after SA sovereign boost

Observer Money

Staff Writer Fitch Ratings has upgraded the long-term credit rating of Eskom Holdings SOC Ltd to 'B+' from 'B', citing stronger support from the South African government following the recent upgrade of South Africa's sovereign credit rating. The ratings agency announced that Eskom's long-term Issuer Default Rating (IDR) had been raised to 'B+' with a Stable Outlook. Fitch also upgraded Eskom's senior unsecured debt rating to 'B+' from 'B', while its government-guaranteed senior unsecured debt was lifted to 'BB' from 'BB-'. NamPower imports 100 MW of firm power from Eskom under a bilateral agreement, with an additional non-firm arrangement of…

15 Jun

Unlocking Namibia’s digital future

Opinions

ABRAHAM EITA As the telecommunications, broadcasting and postal sector continues to evolve, driven by rapid technological changes, digital transformation, and increasing demand for connectivity, the role of the Communications Regulatory Authority of Namibia (CRAN) remains pivotal and goes beyond regulation. The Authority is committed to becoming a digital ecosystem builder, by shifting to functionality-based regulations. CRAN seeks to become a digital enabler by improving the adoption of emerging technologies through the establishment of regulatory sandboxes for new and emerging technologies and innovation. What is a Regulatory Sandbox? A regulatory sandbox is when innovators, start- ups, researchers, and established businesses are…

12 Jun

Four killed in head-on crash near Kalkfeld

Uncategorised

Four people died and multiple others were injured Thursday night when a delivery truck and a 15-seater Quantum minibus collided head-on on the C33 outside Kalkfeld. Otjozondjupa Police Community Liaison Officer, Senior Inspector Maureen Mbeha, said the crash happened at around 19h45, about 7km from Kalkfeld on the road toward Omaruru. Mbeha said the truck's rear left tyre burst, causing the driver to lose control, according to preliminary findings. "The light delivery vehicle swerved off the road and back onto it before colliding head-on with an oncoming Quantum minibus travelling in the direction of the coast," she stated. Three of…

12 Jun

Geingos joins Club de Madrid as advisor

Uncategorised

Renthia Kaimbi The Club de Madrid has appointed former First Lady Monica Geingos, as its newest Advisor. Geingos brings extensive experience in law, finance, public health, and youth development to the global forum of more than 130 democratic former Presidents and Prime Ministers from over 70 countries. The Club de Madrid, founded in 2001 and headquartered in the Spanish capital, distinguishes itself from other global forums by relying on the hands-on governance experience of its members rather than think-tank analysis alone. Its membership includes seven Nobel Peace Prize laureates and 23 women who have served as heads of state or…

12 Jun

YOUNG OBSERVER | Why society expects rape survivors to simply “move on”

Featured, Uncategorised

Patience Makwele The assault may last minutes. The trauma can last a lifetime. Yet for many rape survivors, one of the most painful experiences comes long after the crime itself. It comes when family members, friends, colleagues and even entire communities expect them to carry on as though nothing happened. For survivors, healing is rarely that simple. Long after police reports have been filed and court proceedings concluded, many continue to battle anxiety, depression, nightmares, panic attacks, trust issues and emotional wounds invisible to those around them. Despite growing awareness around gender-based violence, experts warn that Namibia still struggles to…

12 Jun

YOUNG OBSERVER | ‘Disability should not limit success’ – Witbooi

Featured, Uncategorised

Patience Makwele Vice President Lucia Witbooi has called for greater support for young entrepreneurs living with disabilities, saying they are proving every day that disability is not inability through business ownership, innovation and job creation. Speaking at the closing of National Disability Week in Lüderitz on Thursday, Witbooi said young people with disabilities continue to make meaningful contributions to Namibia’s economy despite facing barriers that often limit their access to funding, training and business opportunities. “You are changing our economy. You are starting businesses, employing fellow citizens and providing community leadership,” Witbooi said. She noted that many young Namibians with…