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Chamwe Kaira Mobile Telecommunications Limited (MTC) increased revenue by 7.1% during the six months ended 31 March 2026, supported by strong growth in prepaid, roaming and enterprise services, while declaring an interim dividend of N$358.35 million for shareholders. According to the group's unaudited interim results released on Friday, revenue rose to N$1.95 billion from a N$1.82 billion recorded during the corresponding period in 2025. Total income increased to N$1.96 billion, while profit after tax grew by 1.6% to N$511.9 million from N$503.8 million a year earlier. Profit before tax increased by N$8.5 million to N$730.8 million. MTC said prepaid revenue…

Staff Writer Bannerman Energy Ltd has announced a change in its Namibia Securities Exchange (NSX) sponsorship arrangement, confirming the appointment of Cirrus Securities (Pty) Ltd as its new equity sponsor, effective 5 June 2026. The Australia-incorporated uranium developer, which maintains a dual listing structure across the ASX and NSX, said the move forms part of a planned rotation of its NSX sponsorship services in line with the exchange's listing requirements. In terms of Sections 2.2 and 2.6 of the NSX Listings Requirements, shareholders were advised that IJG Securities (Pty) Ltd will step down from its role as NSX equity sponsor…

Staff Writer The fourth Namibia Oil and Gas Strategic Conference (NOGC 2026) is set to bring together policymakers, investors, industry leaders and other stakeholders to discuss strategies aimed at maximising the benefits of Namibia's emerging oil and gas sector. The conference will cover a broad range of topics, including investment opportunities, regulatory and legal requirements, value chain development, financing mechanisms and employment creation within the industry. Organisers say the event will feature a comprehensive programme of national and international speakers who will provide insights into the opportunities and challenges facing Namibia's growing energy sector. Discussions are expected to focus on…

Staff Writer Old Mutual has highlighted continued progress in the integration of Old Mutual Finance into OM Bank, which remains on schedule for completion by year-end, subject to regulatory approvals. Customer uptake at OM Bank increased sharply, rising from 284,000 at the end of December 2025 to 473,000 in the first quarter of 2026. Retail deposits also nearly doubled, reaching R541 million from R272 million, driven by higher savings activity and the migration of money accounts. The group said it will continue rolling out OM Bank's value proposition and focus on increasing transactional activity. Old Mutual said its performance in…

Staff Writer South African retail giant Mr Price Group has warned that renewed global geopolitical tensions and rising inflationary pressures could weigh on consumer spending through the remainder of 2026 and into 2027, despite signs of economic recovery earlier this year. In its latest financial results, the retailer said global geopolitical tensions remained elevated throughout most of 2025, driven by ongoing regional conflicts, fragile diplomatic relations and the trade war initiated by the United States.  However, inflation remained relatively contained, and a global interest rate-cutting cycle provided some relief to consumers. South Africa's economy showed modest improvement during the period,…

Staff Writer The Capricorn Foundation has approved a further investment of N$1.2 million in Rural Revive, reaffirming its long-term commitment to inclusive economic advancement, environmental stewardship and sustainable livelihoods in rural Namibia. The funding, approved by the foundation's board in May 2026, will support a 12-month consolidation phase of the Rural Revive initiative in Maltahöhe, enabling the project to strengthen the systems, infrastructure and organisational capacity needed to secure and scale the gains already achieved. Rural Revive, an initiative of the Wolwedans Foundation's AridEden Vision 2050, is building a locally rooted, desert-based economy by integrating horticulture, waste management, logistics, skills…

Helene Vosloo Namibia stands at the threshold of a transformative era.  With major oil and gas discoveries in the Orange Basin, the country is rapidly emerging as a global energy frontier. Yet, beyond physical resources, it is the power of digitisation that will determine how effectively Namibia harnesses this opportunity. Digitisation, defined as the integration of digital technologies into economic and social systems,  is reshaping the global oil and gas industry. In Namibia's case, this transformation is both urgent and strategic.  Technologies such as artificial intelligence (AI), machine learning (ML), the Internet of Things (IoT), blockchain and digital twins are…