Windhoek Observer

Chamwe Kaira Kaoko Fria Investment and its partners are moving ahead with plans to develop a modern port at Cape Fria and a new city, Atlantic City.  The project will roll out in phases, beginning with an integrated infrastructure plan, engineering and architectural designs, township planning, and the land acquisition process. Future phases include the construction of a port at Angra Fria.  The port is expected to become a trans-shipment hub for imports and exports, supporting Namibia’s logistics and blue economy goals.  It will also cater to fishing operations and the shipment of minerals and cargo for Namibia and neighbouring…

Savanna Beef Operations (Pty) Ltd began trading and all operational activities on 3 May 2024.  The company’s administrative expenses included several once-off start-up costs.  These comprised debt raising fees amounting to N$2.8 million, stamp duty and bond registration fees of N$2.1 million, and legal fees of N$1.5 million. For the financial year, finance costs were accrued for loans from the Industrial Development Corporation of South Africa (N$3.7 million) and Energy Utilities Assets (Pty) Ltd (N$0.6 million), totalling N$4.3 million, which were capitalised. Construction of the abattoir is expected to be completed by the end of September 2025. A ramp-up period…

Chamwe Kaira The inflation rate in Zone 1, which includes Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshana, Oshikoto, Otjozondjupa, and Zambezi, stood at 3.9% in June 2025, down from 4.8% recorded in June 2024. According to the Namibia Statistics Agency, the decline in the annual inflation rate was mainly driven by lower prices in transport (from 8.4% to -0.9%), hotels, cafes and restaurants (from 4.1% to 2.4%), alcoholic beverages and tobacco (from 7.5% to 5.9%), and household furnishings and maintenance (from 4.5% to 3.2%). On a monthly basis, inflation in Zone 1 stood at 0.2% in June, compared to…

Chamwe Kaira Koryx Copper Inc. has announced assay results from six drill holes totalling 1,808 metres, completed under phase two of its 2025 exploration and development programme at the wholly owned Haib Copper Project in southern Namibia. Haib is an advanced-stage copper, molybdenum, and gold project designed to produce clean copper concentrate through a conventional crushing, milling, and flotation process. The project also has potential for additional copper production through heap leaching. Koryx President and CEO Heye Daun said the company’s geological understanding of the project continues to improve, supported by the work of consultant Dr Warren Pratt. “Our geological…

Namibia’s engagement with the African Continental Free Trade Area (AfCFTA) is gaining momentum, marked by both statistical significance and real trade execution.  In May, Namibia exported goods worth N$5.3 billion to the African continent while importing N$5.7 billion, resulting in a trade deficit of N$421 million. Intra-African exports accounted for 44.9% of total exports, while 49.0% of total imports originated from the continent, emphasising the central role of African markets in Namibia’s trade structure. Top intra-African export destinations included South Africa, Botswana, Zambia, the DRC, and Zimbabwe, with key exports comprising fish, precious metals, salt, and base mineral products. On…

In the context of high global uncertainty, tighter global financial conditions, and rising borrowing costs, concerns about sub-Saharan Africa’s debt vulnerabilities are mounting. But the region is tackling this issue head-on, and public debt ratios have stabilised on average. Our analytical note in the IMF’s latest Regional Economic Outlook for sub-Saharan Africa uses a new data set to highlight when, how often, to what extent, and how debt stabilisation was achieved. Contrary to perception, countries in the region have often been able to stabilise or reduce their debt ratios without debt restructuring. With more than 60 debt reduction episodes (defined…