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CHAMWE KAIRA  Pension fund PPS South Africa has said its members in Namibia should again be pleased with the profits that were generated for them. This year, the company allocated a record-high N5.59 billion in profit share to South African and Namibian members with qualifying life-risk products to their notional PPS profit-share accounts. This amount follows the previous record-high allocation of N5.46 billion in 2021. Additionally, the annual gross benefits paid were N$5.95 billion (2023: N$6.12 billion; due to lower exit claims payment). Together, these amounts totalled N$11.54 billion in 2024, compared to N$10.70 billion in 2023. “From a membership…

The Cleanergy Solutions Namibia, a joint venture between the Ohlthaver & List (O&L) Group and CMB.TECH is developing a green hydrogen production plant in the Erongo region. The Hydrogen Dune comprises hydrogen production, a refuelling station and the hydrogen academy.  Katrien Hennin of CMB.TECH gives an update in response to questions by Observer Money.  Observer Money (OM): Will the hydrogen refuelling that is expected to be operational be reserved for trucks under Cleanergy Solutions Namibia or are they for the whole Namibian market? Katrien Hennin (KH): The green hydrogen refuelling station expected to be operational mid 2025 will not be…

CHAMWE KAIRA  Simonis Storm Securities has said if exploration in the Orange Basin moves to large-scale production, Standard Bank Namibia has established relationships with key upstream players that should translate into mandates for project finance, transactional banking, and treasury services. The firm said this upside scenario could accelerate the loan book well beyond single-digit growth. In terms of renewable energy financing, Namibia’s push for wind and solar in remote areas intersects with growing private sector appetite for sustainable energy solutions. It said other banks are refining digital strategies but said Standard Bank Namibia Holdings’ synergy with the broader Standard Bank…

The International Air Transport Association (IATA) emphasized the vital role of air cargo in maintaining global supply chain resilience and called on governments and industry to remain focused on delivering the fundamental expectations of customers, safety and security, digitalisation and sustainability. “Whether supporting global trade, enabling e-commerce, or delivering vital humanitarian aid, the value of air cargo has never been clearer. To meet customer expectations and navigate an increasingly complex environment, the air cargo industry must continuously strengthen safety and security, fast track digitalization, and deliver on its sustainability commitments,” said Brendan Sullivan, IATA’s Global Head of Cargo at the…

Global geopolitical risks remain elevated, raising concerns about their potential impact on economic and financial stability. Shocks such as wars, diplomatic tensions, or terrorism can disrupt cross-border trade and investment. This can hurt asset prices, affect financial institutions, and curtail lending to the private sector, weighing on economic activity and posing a threat to financial stability. Such risks are challenging for investors to price due to their unique nature, rare occurrence, and uncertain duration and scope. This can lead to sharp market reactions when geopolitical shocks materialise.  As we show in a chapter of the latest Global Financial Stability Report,…