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Chamwe Kaira Oceana Group reported a 14% drop in its Namibian performance, driven by higher catch costs, increased fuel prices, rising quota costs, and a larger share of lower-value bycatch. In its unaudited condensed consolidated interim results for the six months ended 31 March, the company said horse mackerel fishing in South Africa was limited. The Desert Diamond vessel operated in Namibia for most of the period due to low catch rates in South African waters. In Namibia, catch rates remained in line with the previous period, but sea days declined. This was due to the Desert Jewel undergoing a…

Chamwe Kaira Trustco Group Holdings Limited has confirmed it is moving forward with its plan to delist from all its current trading platforms. These include the Johannesburg Stock Exchange (JSE), the Namibian Stock Exchange (NSX), and the OTCQX Market in the United States. The company issued a renewed cautionary announcement, stating that it is completing the final steps of the delisting process. Trustco said it will provide further information once the process is complete. Shareholders are advised to continue exercising caution when trading in Trustco securities. The group first announced its intention to delist in updates published on 20 January,…

Chairman of the Economic Association of Namibia, Jason Kasuto, informed Observer Money that the emergence of the oil sector and the development of green hydrogen present unique opportunities for Namibia, particularly in job creation.  He added that the private sector is vital for driving economic growth and job creation in Namibia. By investing in local enterprises and creating value chains that prioritise local procurement, companies can enhance their socio-economic impact, Kasuto added.  Observer Money (OM): What is the EAN’s position on the rate of unemployment in Namibia and what measures can be taken to create employment in Namibia? Jason Kasuto…

Chamwe Kaira FirstRand Namibia Limited (NSX: FNB) has announced that its board chairperson, Otto Nakasole Shikongo, has acquired shares in the company worth nearly N$1 million.  The transaction was disclosed in line with the Namibia Stock Exchange (NSX) Listing Requirements. According to the notice issued by the company, Shikongo purchased 19,955 ordinary par value shares at a price of N$47.11 each.  The total value of the transaction, including levies and commission, was N$945,954.58. The trade was executed on 11 June 2025, with prior clearance obtained as required under NSX regulations. FirstRand Namibia is one of Namibia’s leading financial institutions and…

Chamwe Kaira Mobile Telecommunications Limited (MTC) is showing signs of commercial recovery, supported by rising revenue, growing subscriber numbers, and solid performance in the enterprise segment, according to Simonis Storm Securities. In its interim results, MTC reported a strong first-half performance for 2025, driven by improved product delivery, subscriber growth, and revenue uplift across its portfolio.  The company posted a profit of N$503 million, up from N$362 million in the same period in 2024.  Revenue increased by 15.8%, from N$1.57 billion to N$1.82 billion, driven by higher demand for high-speed data and value-added services, mainly from prepaid users and enterprise…

Chamwe Kaira Andrada Mining continues to show strong operational progress at its Uis site in the Erongo Region, reinforcing its role in Namibia’s critical minerals sector. Chief Executive Officer Anthony Viljoen said the first quarter of 2025 saw solid performance improvements at the Uis operation. These gains were supported by upgrades made through the company’s continuous improvement programme, including modifications to the Dense Media Separation (DMS) circuit. He said these changes led to higher processing rates and increased tin production, showing improved operational efficiency and reliability. “Production of our increasingly valuable byproduct tantalum improved notably, reinforcing our multi-mineral offering,” said…

De Beers Group is strengthening its commitment to sustainability through key developments in renewable energy, aligned with its Building Forever programme. The company has entered into new partnerships aimed at expanding clean energy use across its operations. Namdeb recently signed a memorandum of understanding (MoU) with NamPower to scale up its current 34 MW wind energy project. Early assessments suggest the project could expand to between 100 100MW and 150 MW, connecting to the NamPower grid. In Botswana, Debswana has partnered with Botswana Power Corporation to support renewable energy integration. In South Africa, Envusa Energy has commissioned renewable energy projects…

Chamwe Kaira Elevate Uranium Limited has announced the discovery of a new mineralisation style at its Marenica Uranium Project in Namibia, intersecting a 13-metre-thick zone of uranium in granite, outside the existing resource area. Drill hole MAR2500, part of a recent drilling programme, was one of several holes within a few kilometres that intersected basement-hosted mineralisation. The discovery marks a shift from the project’s traditional palaeochannel-hosted uranium deposits. “Mineralisation at the Marenica Uranium Project has typically been intersected in palaeochannels,” said Murray Hill, Managing Director of Elevate Uranium. “The company has now identified another mineralisation style with a large mineralised…