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Windhoek building plans rise by 28.4%

Windhoek building plans rise by 28.4%

Chamwe Kaira  Windhoek’s approved building plans rose by 28.4% in September, increasing from 176 in August to 226. Swakopmund recorded a smaller rise of 4.9%, with approvals going up from 81 to 85. Simonis Storm Securities analyst Almandro Jansen said that on an annual basis, Windhoek’s approvals dropped by 15.8%, while Swakopmund’s approvals rose sharply by 91%, from 45 to 85. “The latter can be attributed to a low base effect. Despite the mixed monthly results, the total number of approvals for both Windhoek and Swakopmund increased by 19% and 30%, respectively, quarter on quarter, during the third quarter of…
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FirstRand Namibia shareholders approve all AGM resolutions

FirstRand Namibia shareholders approve all AGM resolutions

Chamwe Kaira FirstRand Namibia Limited shareholders have approved all ordinary resolutions presented at the company’s Annual General Meeting (AGM) held on Friday, 17 October. The company said the meeting, which covered governance and financial matters, recorded a voting participation of 85.87% of issued shares, with most resolutions receiving unanimous support. Shareholders approved the Annual Financial Statements for the year ended 30 June 2025 and confirmed declared dividends.  They also reaffirmed the appointments of independent non-executive directors Otto Shikongo and Emile van Zyl, while formally accepting the resignation of non-executive director I-Ben Nashandi. Samantha Balsdon was confirmed as a new non-executive…
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Walvis Bay Salt plans major expansion 

Walvis Bay Salt plans major expansion 

Chamwe Kaira  Walvis Bay Salt Holdings (Pty) Ltd plans to apply for an amendment to its Environmental Clearance Certificate (ECC) to expand salt production within its Mining License (ML) 37 area. Documents show the expansion will take place southwest of Walvis Bay in the Erongo Region. The company, established in 1964, processes seawater to produce crude salt and is one of the largest solar evaporation salt facilities in Africa. In November 1995, the Ministry of Mines and Energy extended its licence for the salt works under ML 37. Annual production has since increased from 750,000 metric tonnes to about 1.1…
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Investors pour N$1.12 billion into Langer Heinrich expansion

Investors pour N$1.12 billion into Langer Heinrich expansion

Chamwe Kaira Paladin Energy Ltd has raised A$100 million (N$1.12 billion) through its oversubscribed share purchase plan to support the ramp-up of the Langer Heinrich Mine to full operations by the 2027 financial year.  The company will also use the funds for working capital and future exploration. The uranium producer said it received overwhelming support from retail investors. The company had aimed to raise up to A$20 million under the non-underwritten offer priced at A$7.25 per share, but applications exceeded A$138 million. Paladin used its discretion to accept A$100 million in subscriptions. The share purchase plan followed Paladin’s A$300 million…
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Koryx Copper shareholders approve move to Luxembourg

Koryx Copper shareholders approve move to Luxembourg

Chamwe Kaira Koryx Copper Incorporated, listed on the Namibian Stock Exchange, has announced that shareholders have overwhelmingly approved all resolutions at a special meeting held on 15 October, allowing the company to transfer its registered office and central administration from British Columbia to Luxembourg. In person or by proxy, the meeting saw the voting of 51.6 million common shares, or approximately 53.75% of Koryx's issued and outstanding shares.  The proposed transfer, known as the “continuation”, will see the company continue as a public limited company (société anonyme) under the name Koryx Copper S.A. The continuation and related resolutions received near-unanimous…
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Deep Yellow CEO steps down

Deep Yellow CEO steps down

Chamwe Kaira Deep Yellow Limited has announced that its managing director and chief executive officer, John Borshoff, has stepped down from his position effective 20 October. Borshoff, who has led the company since 2016, will remain as an advisor until the end of November to ensure a smooth transition.  Under his leadership, Deep Yellow grew from a junior uranium explorer into an Australian Stock Exchange-listed producer-in-waiting with key assets in Namibia and Australia. During his tenure, Deep Yellow revitalised the Tumas Project in the Erongo Region, one of Namibia’s most advanced uranium developments, now nearing a final investment decision.  The…
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NaCC maintains Red Mountain deal still unfair

NaCC maintains Red Mountain deal still unfair

Renthia Kaimbi The Namibia Competition Commission (NaCC) says the Red Mountain Joint Management Area (JMA) in the Red Mountain area still constitutes anti-competitive conduct.  NaCC reaffirmed its earlier position despite extending the deadline for the Ministry of Environment, Forestry and Tourism (MEFT) to resolve the issue. In a letter dated 17 October 2025, the NaCC told mining claimant Timoteus Mashuna that its view on the matter remains unchanged. The Red Mountain Joint Management Area (JMA) is a conservation zone established in 2018 through a partnership between the Uibasen Twyfelfontein, Nawas and Sorris Sorris conservancies, sharing a mutual boundary. Earlier this…
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Activist Gariseb charged after sewage protest in Katutura

Activist Gariseb charged after sewage protest in Katutura

Allexer Namundjembo Windhoek community activist Shaun Gariseb says the City of Windhoek only began clearing sewage blockages after residents dumped buckets of raw sewage at the Katutura Customer Care Office. Speaking to the Windhoek Observer on Monday, shortly before handing himself over to the police, Gariseb said the municipality had ignored complaints from residents for years. The municipality has filed a criminal case against him after Gariseb and residents of Salm Street in Windhoek’s Nama 10 dumped buckets of raw sewage at the office last week. “Since the day we dumped the dirt at their office, they started clearing blockages…
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Erongo education director urges calm over Covid, mpox

Erongo education director urges calm over Covid, mpox

Renthia Kaimbi Erongo region education director Erenfriede Stephanus has called on parents and schools to remain calm and vigilant following reports of new Covid-19 cases in Walvis Bay and a confirmed mpox case in Swakopmund. The appeal comes after two local schools, Duinesig High School and Seaside Primary School, informed parents of confirmed Covid-19 cases over the weekend. Stephanus said the education directorate is monitoring the situation and working closely with health officials in the region.  “We are on the ground and busy investigating the matter. We call for calm from schools, parents and learners alike while we await official…
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Public service plans to start online hiring system

Public service plans to start online hiring system

Justicia Shipena The Public Service Commission (PSC) plans to roll out an automated recruitment and management system to improve hiring processes in the public sector. The system aims to make recruitment more transparent, fair, and efficient. PSC chairperson Salmaan Jacobs said this forms part of wide-ranging reforms aimed at restoring the commission’s independence and accountability.  He was speaking at the PSC Reform Retreat held in Windhoek on Monday.  Jacobs says the reform drive seeks to reposition the commission as a truly independent oversight body that ensures fairness, efficiency and integrity in the public service.  Jacobs said the PSC’s independence has…
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