Windhoek Observer

Chamwe Kaira Mobile Telecommunications Company (MTC) has announced a new strategy aimed at shifting the company from a traditional mobile operator to a regional digital powerhouse. MTC's managing director Licky Erastus unveiled the plan on Monday during the presentation of the 2025 annual results. He said the company has identified seven key pillars to protect its core business and expand into new digital markets. The roadmap focuses on protecting mobile revenue, winning the home market, growing enterprise services, building digital platforms, scaling fintech solutions, establishing a national data centre and expanding into local and regional markets.  Erastus said the strategy…

Staff Writer FNB Namibia Retail has appointed Mbo Luvindao as its new chief executive officer.  Luvindao steps into the role with more than 20 years of senior and executive leadership experience in Namibia’s banking and financial services sector. He began his career at Bank Windhoek, where he held several leadership roles, including head of the SME segment. He later joined NamPost as executive for financial services, where he led the Savings Bank and helped shape and implement the organisation’s strategy. Before joining FNB, Luvindao served as chief commercial officer at Letshego Bank Namibia.  He was responsible for driving the bank’s…

Staff Writer Mobile Telecommunications Company (MTC) has reported strong financial results for the 2025 financial year, supported by favourable operating conditions and ongoing strategic investments. Financial analyst Max Rix from Simonis Storm rated the stock a “measured buy,” pointing to its attractive valuation and strong cash flows, but also noting growing competitive pressure. MTC’s total income rose to N$3.71 billion, an increase of 14 to 15% year-on-year. The prepaid segment performed well, with subscriber numbers rising by 4.3% and average revenue per user growing by 14.6%. This lifted mobile revenue at a time when prepaid markets in many emerging economies…

Staff Writer The first week of December has been unusually active on the Namibian Stock Exchange (NSX), with listed companies reporting major share trades, corporate governance shifts and updates to executive incentive plans. Capricorn Group Limited confirmed a significant on-market transaction involving one of its directors.  Marthinus Johannes Prinsloo sold 385,347 ordinary shares on 5 December at N$26 per share, a transaction valued at just over N$10 million.  The group said the sale was direct and beneficial and that Prinsloo had received the necessary clearance in line with Namibian Securities Exchange rules. Global mining company Anglo American also issued a…

Staff Writer Trustco Group Holdings has rejected an attempt by the Riskowitz Value Fund (RVF) to replace the company’s board, after a regulatory review process failed to proceed. The matter began on 20 November when RVF issued a notice under Section 189 of Namibia’s Companies Act. The notice sought the removal of the current board and proposed five new directors: Grant Pattison, Dee Sauls-Deckenbrock, Jerome Davis, Sepo Haihambo and Robert Hutchinson-Keip. The move prompted Trustco to seek an independent legal opinion on whether the notice met statutory requirements for a publicly listed company. As a dual-listed entity on the JSE…