Windhoek Observer – Page 4 – Windhoek Observer

09 Mar

Sanlam new business value falls after Namibia sale

National News

Chamwe Kaira Sanlam Limited has reported a decrease in Value of New Business (VNB) for the year ended 31 December, partly linked to the disposal of its Namibia operations to SanlamAllianz in 2024. The company said the decline was largely driven by a shift in product mix in South Africa, where clients continued to favour market-linked or living annuities instead of life annuities. “This was compounded by development costs associated with establishing new distribution channels in India as well as by the cessation of the Capitec partnership and disposal of the Namibia operations to SanlamAllianz in 2024,” the company said.…

09 Mar

Katti warns Namibians may miss Rössing stake opportunity

National News

Allexer Namundjembo Businessman Knowledge Katti says Namibians risk missing an opportunity to gain local ownership in the Rössing Uranium Mine. In January, reports emerged that one of the shareholders of Rössing uranium, the Industrial Development Corporation (IDC) of South Africa, is selling its 10.2% stake in the mine. The IDC was among Rössing’s founding shareholders in the 1970s, when Rio Tinto was the main shareholder. IDC said it had reached the end of its investment horizon and intended to dispose of its 10.2% stake because the holding period for the investment had expired. Katti raised the concern on Friday in…

09 Mar

Leaders call for action on women’s rights

National News

Justicia Shipena President Netumbo Nandi-Ndaitwah says progress toward gender equality requires action and commitment from society. Nandi-Ndaitwah was among many leaders who, on International Women’s Day yesterday, called for stronger action to protect the rights of women and girls. “Progress does not happen by chance. It requires action, determination and the collective will of societies to ensure that women and girls are given the dignity, opportunity and space to contribute fully to the development of our world,” she said during the commemoration of International Women’s Day at Hosea Kutako International Airport on Sunday. The global event was observed under the…

09 Mar

Programme launched to tackle food insecurity in Oshikoto

National News

Allexer Namundjebo A two-year emergency food support programme aimed at addressing food insecurity among vulnerable households was launched last week at Ondera Farm in the Oshikoto region. The programme is implemented through a partnership between the government, Chevron and the non-profit organisation Palms for Life Fund. The launch ceremony took place on Friday and was officiated by the governor of Oshikoto, Sacky Kathindi, on behalf of vice president Lucia Witbooi. Regional and traditional leaders and community members attended the event. The programme will provide nutritious food assistance to about 3 150 households, including highly vulnerable individuals, pregnant and breastfeeding women…

09 Mar

TURNING POINT | Memory, nationhood and the architecture of identity

Opinions

In the quiet spaces where history lives, museums, archives, monuments, and preserved building, a nation converses with its past. These sites are not merely repositories of objects or relics; they are instruments through which societies narrate their collective story, negotiate identity, and transmit values across generations. The recent notice of motion in the National Assembly by George Kambala, calling for the Old State House to be converted into a museum in honour of Namibia’s founding president Sam Nujoma, therefore touches on an issue that extends well beyond architecture or administrative use of a building. It goes to the heart of how Namibia…

09 Mar

Dialogue must move Namibia from courtesy to concrete action

Editorial, Featured

In a political age increasingly defined by polarisation, spectacle and hardened ideological lines, the decision by President Netumbo Nandi-Ndaitwah to engage the leadership of opposition parties is a gesture that deserves recognition and encouragement. Democracy does not thrive merely through elections; it flourishes through constant conversation between those who govern and those who challenge power. Since assuming office in March 2025, Nandi-Ndaitwah has initiated consultations with leaders of political parties represented in the National Assembly, including the official opposition, the Independent Patriots for Change (IPC), led by Panduleni Itula. She has also met representatives from the Popular Democratic Movement (PDM)…

09 Mar

Oryx interim results lifted by Platz am Meer income

Observer Money

Chamwe Kaira Platz am Meer in Swakopmund made its first earnings contribution to Oryx Properties in the group’s interim results for the six months ended 31 December 2025. Oryx acquired the shopping centre on 30 June 2025. The company said the results were supported by disciplined capital management and the first-time contribution from Platz am Meer. The group increased its interim distribution by 11.4% to 58.50 cents per linked unit. Net rental income grew by 16.8%. The interest cover ratio remained at 2.2 times. Over the 12 months to 31 December 2025, Oryx recorded a total annualised return of 13.1%.…

09 Mar

Nictus expects higher first-half earnings

Observer Money

Chamwe Kaira Nictus Holdings Limited has advised shareholders that it expects higher earnings for the six months ended 31 December 2025. In a trading statement issued in line with the Namibian Securities Exchange listing requirements, the company said earnings per share (EPS) are expected to range between 62.65 cents and 74.39 cents for the period. This represents an increase of between 6.77% and 26.77% compared with the 58.68 cents reported for the six months ended 31 December 2024. Nictus said headline earnings per share (HEPS) are expected to be between 62.18 cents and 73.76 cents. This reflects an increase of…

09 Mar

Deep Yellow advances Tumas uranium project

Observer Money

Chamwe Kaira Deep Yellow Limited says it continues to monitor developments in the global uranium market as it advances its flagship Tumas uranium project in Namibia. The company said supply and demand imbalances and growing interest in nuclear energy remain key factors influencing the timing of a final investment decision for the project. During the six months ended 31 December 2025, Deep Yellow focused on its strategy to position itself as a diversified uranium producer. Work during the period included progress on the Tumas Project in Namibia, metallurgical test work and feasibility studies at the Mulga Rock Project in Western…

09 Mar

Hollard Namibia launches gap cover for medical shortfalls

Observer Money

Staff Writer Hollard Namibia has launched Hollard Gap Cover as private healthcare costs continue to rise faster than inflation and salary growth. Medical aid often covers basic healthcare costs but does not always settle the full cost of services. “When this happens, members may face shortfalls between what their medical aid pays and what healthcare providers charge, leaving families to cover the difference out of pocket,” the company said. The company said these shortfalls can become more common as healthcare costs increase and medical aid funds try to balance affordability and the sustainability of benefits. Hollard Gap Cover is designed…