Windhoek Observer

Chamwe Kaira Alpha Namibia Industries Renewable Power Limited (Anirep) has recorded a loss before taxation of N$16.8 million for the interim period, compared to a loss of N$5.8 million last year. The group said the loss was driven by the timing of interest expense recognition after capitalisation stopped on some facilities and by higher funding deployed before full revenue ramp-up. The group’s asset base rose to N$1.2 billion as of 31 August, up from N$1 billion in the same period last year. No interim dividends were declared or paid. Anirep said the commissioning of the Khan Moses Mague //Garoëb PV…

Chamwe Kaira Simonis Storm Securities says the Bank of Namibia’s monetary easing cycle is slowly filtering into the real economy, even as short-term credit growth shows signs of cooling. Simonis Storm economist Almandro Jansen said the October 2025 data points to a more measured phase in the credit cycle. Private sector credit extension eased to 4.7% year-on-year in October from 5.9% in September. Both households and corporates pulled back on borrowing. Jansen linked the slowdown to tighter liquidity conditions after the government’s Eurobond repayment, which temporarily shifted funds away from private-sector lending. “Even with the moderation, PSCE remains above the…

Chamwe Kaira Alexander Forbes Namibia (Alexforbes) reported 2% growth for the six months ended 30 September, driven by higher administration, consulting and advice fee revenue. The company said the increase was partly offset by lower asset-based income following the implementation of direct asset management fees from South Africa. Alexforbes has initiated a process to decommission legacy fund administration platforms and consolidate its administration systems throughout South Africa, Namibia and Botswana. The company said the project, launched in mid-2025, is progressing on schedule and is expected to improve client experience, deliver cost efficiencies and support scalability over the medium to long…

Staff Writer The Development Bank of Southern Africa (DBSA) says the global economy remains sluggish, even though the impact of recent global trade tariffs has been smaller than expected. The bank said reciprocal tariffs disrupted trade, raised geopolitical tensions and increased the cost of doing business. Across Africa, economic prospects have improved slightly, but high debt continues to weigh on governments. DBSA warned that debt repayments are diverting funds away from development and social services, putting long-term growth at risk. In South Africa, the bank described the economic environment as fragile. Growth is held back by weak investment, persistent unemployment,…

Staff Writer Standard Bank Group says its performance for the ten months to 31 October 2025 stayed in line with the trends reported in the first half of the year. The bank said its full-year guidance remains unchanged. In a voluntary trading update, the group said the economic environment across its sub-Saharan African markets showed easing inflation and lower interest rates. Nigeria, Angola and Ghana recorded more stability following economic reforms, while Malawi and Mozambique continued to face high levels of sovereign stress. South Africa also experienced lower inflation and interest rates, with the central bank cutting rates by 100…

Justicia Shipena The Supreme Court has this week dismissed an appeal by aspiring Rehoboth Baster traditional leader Rynault van Wyk, who wanted the court to overturn the 2021 election of kaptein Herbert George Britz. Van Wyk lost the election and argued that the process was irregular, unfair and not conducted under the Baster Paternal Laws of 1872. The election took place on 24 April 2021 after the deaths of kaptein John McNab in October 2020 and acting kaptein Barney Buys a month later. Cyril Pienaar was then appointed acting kaptein and formed an election committee to organise the vote. Van…

Justicia Shipena The Walvis Bay Corridor Group (WBCG) has asked one of its employees to clarify whether she has resigned or is still employed at the organisation. This comes after an independent investigation found no evidence to support allegations she made against senior management. The instruction is contained in a letter dated 24 November 2025 from acting chief executive officer Edward Shivute. The letter is addressed to project officer Verna Tjivera. Shivute said the organisation is still unsure of her [Tjivera's] employment status, even though she is on the payroll. WBCG, he said, commissioned an independent investigation into her case,…

Justicia Shipena A new memorandum of understanding (MoU) between the Electoral Commission of Namibia (ECN) and the Communications Regulatory Authority of Namibia (Cran) will establish a framework for information sharing and the delivery of accurate electoral communication ahead of future elections. The MoU was signed on Tuesday at ECN's headquarters. ECN chief electoral and referenda officer Peter Shaama said the agreement is an important step in strengthening the country's governance and communication systems. He stated that the partnership will guarantee transparent, effective and law-abiding electoral processes. Shaama highlighted the role of Cran in regulating the communication environment, especially during elections,…

Justicia Shipena The Electoral Commission of Namibia (ECN) has launched an urgent self-review application in the Electoral Court to correct a seat allocation error made during the Rundu local authority election.The commission admitted that one seat was wrongly awarded after the 26 November 2025 vote.ECN chief electoral and referenda officer Peter Shaama said the commission detected the mistake soon after the results were announced and is now asking the court to set aside the incorrect declaration and replace it with the accurate allocation.“Having made the administrative decision through its appointed official, the commission is functus officio and requires a competent…