Windhoek Observer

Chamwe Kaira  Oryx Properties Limited has warned shareholders of a sharp fall in profit for the year ended 30 June 2025.  In a trading statement issued this week, the group said earnings per share and headline earnings are expected to drop by more than 30% compared to the previous year.  The decline is linked to the derecognition of deferred tax assets after legislative changes limited the carry-forward period for assessed losses to five years. Despite this pressure, Oryx said distributions to unitholders would increase by up to 10%, showing resilience in its core operations. The company plans to release its…

Chamwe Kaira  The ministry of industries, mines and energy has renewed Koryx Copper’s exclusive prospecting licence (EPL) 3140 for the Haib Copper Project in southern Namibia.  The licence, valid until July 2027, was granted after the company submitted a technical update and confirmed that it had met its expenditure commitments during the previous licence period. Under the renewal terms, Koryx must provide progress updates after the first year and keep annual environmental clearance certificates from the ministry of environment, forestry and tourism. Koryx has also applied for a mining licence, as it moves to shift the Haib project from exploration…

Chamwe Kaira  New services under NamPower’s GridOnline platform will enable smaller operators to be competitive and expand internet access to underserved areas.  This forms part of a new, unified national pricing framework launched in Windhoek, replacing the previous cost-recovery model that was based on fibre distance usage. NamPower’s chief operating officer, Fritz Jacobs, speaking on behalf of managing director Kahenge Haulofu, said the change goes beyond pricing adjustments.  “We are adding services that will enable smaller operators to be competitive and to grow, to offer internet connectivity in underserved areas. With these innovations, GridOnline is positioning itself not simply as…

The Communications Regulatory Authority of Namibia (Cran) recently hosted its first Digital Transformation and Entrepreneurship Breakfast Session, an event that highlighted technology’s role in advancing entrepreneurship across the country. Cran's chief executive officer, Emilia Nghikembua, said starting a business is never easy and requires resilience, strategic foresight, and commitment.  “The journey of entrepreneurship is often filled with challenges, uncertainties, and hurdles, but it also offers immense opportunities for growth, impact, and economic development,” she said. She noted that success begins with clarity of purpose, sound financial management, and a clear understanding of what one seeks to offer. She stressed the…

Mobile Telecommunications Limited (MTC) has expanded its fixed internet service, Spectra, to Maltahöhe, Rietoog, Stampriet, Aranos, Oshifo, Khorixas, Tsandi, and Otavi. MTC’s chief brand, marketing, communications and sustainability officer, Tim Ekandjo, said the rollout is part of the company’s commercial strategy to connect rural and semi-urban communities to fibre before the end of its financial year.  He explained that the expansion forms part of MTC’s remote outreach strategy aimed at bridging the digital divide by investing in high-speed internet for settlements outside urban centres. “Our Spectra offering is the last entrant in the highly competitive fixed internet market, and our…