Windhoek Observer

11 May

No survivors in Sossusvlei aircraft crash

Uncategorised

Desert Air has confirmed that all four people aboard its missing aircraft died after the plane crashed in the Sossusvlei area. According to Desert Air’s chief executive officer Willem de Wet, the wreckage was found at about 09h15 on Monday, with no survivors at the scene. The aircraft had been reported missing a day earlier. De Wet expressed condolences to those affected by the tragedy. “We extend our deepest sympathies to the families, friends and loved ones of the deceased,” he said. He said all next of kin have been informed, while authorities remain involved following the discovery of the…

11 May

Govt clarifies who can buy fuel in drums and cans

Latest

Reporter: Allexer Namundjembo  The Ministry of Industries, Mines and Energy says farmers, tourism operators and other businesses buying fuel in drums and jerry cans for operational use should not automatically be viewed as engaging in fuel hoarding or panic buying. The clarification follows public concern over temporary fuel measures introduced to curb panic buying and protect national fuel supplies. On Monday, industries, mines and energy minister Modestus Amutse said the temporary directives were introduced to prevent artificial fuel shortages and safeguard the country’s fuel supply chain. He said the ministry acknowledged that many businesses regularly purchase fuel in bulk for…

11 May

THE TURNING POINT | Namibia must stop becoming a country of ‘almost’

Opinions

There is something profoundly ironic about driving through one of the driest parts of Namibia and finding one of the country’s largest engineering achievements sitting largely underutilised. The Neckartal Dam is not a failure of infrastructure. It is, in fact, a remarkable feat of ambition. Built in a harsh and unforgiving environment, the dam stands as proof that Namibia is capable of executing large-scale projects when political will, financing and technical capacity align. The water is there. The asset is there. The vision was there. And yet, years later, the very economic promise that justified the project remains frustratingly incomplete.…

11 May

Vehicle import bill reached N$979m in March

Observer Money

Chamwe Kaira Namibia imported commercial vehicles worth N$979 million in March, with most of the vehicles coming from South Africa, India and China, according to the latest international merchandise trade statistics released by the Namibia Statistics Agency (NSA). At the same time, the country re-exported commercial vehicles worth N$48 million, mainly to Zambia. Namibia recorded exports worth N$13.2 billion in March, while imports reached N$15.5 billion. This resulted in a trade deficit of N$2.3 billion. “This development reflects an improved trade balance when compared to a N$5.2 billion deficit recorded a month earlier and further analysis shows a N$2.3 billion…

11 May

B2Gold cuts diesel use at Otjikoto

Observer Money

Chamwe Kaira B2Gold Corporation says its Otjikoto Mine has reduced diesel consumption following the transition to underground mining in the fourth quarter of 2025. B2Gold said the shift forms part of efforts to lower operating costs and strengthen production across its mining operations. B2Gold said the Otjikoto Mine now receives power from Namibia’s national electricity grid. The company added that solar projects at the Otjikoto, Fekola and Masbate mines are helping reduce exposure to fuel price increases. According to the company, about 36% of its remaining fuel requirements for 2026 are hedged at or below budgeted fuel prices. B2Gold said…

11 May

Katti defends oil sector reforms

Featured, Observer Money

Staff Writer Businessman Knowledge Katti has called on Parliament and national leaders to support the establishment of the Upstream Petroleum Unit (UPU) and the Petroleum Amendment Bill, saying the reforms are needed to help Namibia move from oil exploration to production. In a memorandum addressed to parliamentarians and national leaders, Katti said the creation of the UPU in the office of President Netumbo Nandi-Ndaitwah was meant to address long-standing governance and operational problems in the petroleum sector. Katti said the President inherited a sector facing major challenges, including a national oil company struggling financially and institutionally, declining investor confidence and…

11 May

Asset manager forecasts improved financial results

Observer Money

Chamwe Kaira Namibia Asset Management Ltd (NAM) expects earnings per share and headline earnings per share for the six-month period ended 31 March 2026 to increase by between 20% and 30% compared to the same period last year. In a trading statement issued on 7 May, the company said earnings per share are expected to increase from 3.46 cents recorded in March 2025 to between 4.15 cents and 4.50 cents. Headline earnings per share are also expected to rise from 3.46 cents to between 4.15 cents and 4.50 cents during the reporting period. NAM anticipates a stronger growth of between…

11 May

NSX overall index gains 5.74% since January

Observer Money

Chamwe Kaira The Namibian Securities Exchange (NSX) overall index has gained 5.74% since the start of 2026, closing at 2,329.01 points during the trading week from 4 May to 8 May. The local index increased by 2.42% year-to-date to close at 834.16 points. The overall index also rose by 0.87% compared to the previous trading day. South Africa’s JSE All Share Index also recorded gains, rising 0.69% to 117 888.93 points. Among sectors listed on the NSX, basic materials recorded the strongest growth since the start of the year. The sector climbed 13.17% to close at 894.44 points, reaching a…

11 May

Education ministry wants out of Chicco building deal …as it pays N$1.1 million monthly for empty building

Main, National News, Uncategorised

Renthia Kaimbi The Ministry of Education, Innovation, Youth, Sports, Arts and Culture has sought urgent legal advice from the office of the attorney general to cancel a lease agreement with northern businessman Erastus ‘Chicco’ Shapumba for an unoccupied building in Independence Avenue, documents seen by the Windhoek Observer reveal. The lease agreement, signed in December 2023 between the Ministry of Works and Transport on behalf of the education ministry and Shapumba’s City Place and Property Management (Pty) Ltd, has cost the state about N$1.1 million per month since 2024 for a building that remains empty and is allegedly unsuitable for…

11 May

Farmers fear market loss after Katima abattoir scale down

National News

Patience Makwele The scaling down of operations by the Meat Corporation of Namibia (Meatco) at the Katima Mulilo abattoir has left farmers in the Zambezi region uncertain about the future of cattle marketing and the stability of the local livestock sector. Zambezi livestock farmer Kwenani Matengu said the development has created uncertainty among producers, although he was not entirely surprised by Meatco’s decision. “There is uncertainty, but for me it is not entirely new. I understand that Meatco was operating under a contract, so at some point it was going to come to an end,” he said. Matengu said farmers…