Windhoek Observer

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Govt issues notice on NAM04 bond interest payment

Govt issues notice on NAM04 bond interest payment

Chamwe Kaira  Namibia has announced an upcoming interest payment to noteholders of its NAM04 bond. According to an interest payment notification issued on 26 January 2026 and published on the Johannesburg Securities Exchange (JSE), the payment of R17.60 million is due on 2 February 2026. The bond carries a coupon rate of 10.51% and is identified by ISIN ZAG000138470.  FirstRand Bank Limited is listed as the debt sponsor. NAM04 bond is incorporated in Namibia and registered under number 1929/001225/06. The previous interest payment on the bond was made on 1 August 2025, also at a coupon rate of 10.51%, with…
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High-grade lithium found at Andrada’s Lithium Ridge

High-grade lithium found at Andrada’s Lithium Ridge

Chamwe Kaira  Andrada Mining Limited has reported high-grade lithium results from surface sampling at its Lithium Ridge project in Namibia, boosting confidence in the project as exploration drilling continues. The AIM-listed tin producer is developing Lithium Ridge in partnership with Sociedad Química y Minera de Chile SA through its subsidiary SQM Australia (Pty) Ltd.  The work forms part of an earn-in agreement under which SQM is funding a stage one drilling programme to earn a 30% stake in the project. Andrada said geological mapping and grab sampling across the licence area returned multiple high-grade lithium results at the surface. Several…
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B2Gold to release 2025 results next month

B2Gold to release 2025 results next month

Chamwe Kaira  B2Gold Corp will release its fourth-quarter and full-year 2025 financial results, together with its 2026 production and cost guidance, after the close of North American markets on 18 February. The Vancouver-based gold producer said its senior executives will host a conference call on 19 February to discuss the results and provide an outlook for the year ahead.  B2Gold is listed on the Toronto Stock Exchange, NYSE American and the Namibia Securities Exchange. B2Gold operates gold mines in several jurisdictions, including Namibia, Mali and the Philippines.  In Namibia, the company owns and operates the Otjikoto Mine near Otavi with…
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Electrification budget set to rise above N$12m

Electrification budget set to rise above N$12m

Justicia Shipena  The government plans to increase its electrification budget to speed up access to electricity for peri-urban communities. The allocation is expected to rise from N$12 million to at least N$20 million. This was announced by the minister of industries, mines, and energy, Modestus Amutse, during the groundbreaking ceremony and site handover of peri-urban electrification projects in the Hardap region on Thursday. “Our intention is to increase this allocation to at least N$20 million, and potentially more, as we strengthen partnerships with other stakeholders and funding partners,” Amutse said. Amuste said the real challenge going forward will not only…
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Former councillor refuses to repay NSFAF loan

Former councillor refuses to repay NSFAF loan

Renthia Kaimbi Former Omuthiya councillor Nghipudilo ya Shiindi has said she will not repay her Namibia Students Financial Assistance Fund (NSFAF) loan until the government first recovers billions lost to corruption and mismanagement. She criticised the state’s renewed push to collect student loan repayments and condemned recent amendments to NSFAF, calling for a pause on repayments until what she described as equal justice is applied. Ya Shiindi said student loans should not be treated like commercial debt. “Student loans are policy instruments, not commercial products. They are issued for education, not for profit, and are intended to expand national human…
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Skybuild’s attempt to stop FNB debt recovery dismissed

Skybuild’s attempt to stop FNB debt recovery dismissed

Justicia Shipena  The High Court has dismissed a bid by Skybuild Construction CC and its two members to set aside a default judgment granted to First National Bank of Namibia over unpaid loan and overdraft debts worth millions. FNB obtained default judgment on 12 August 2024 after Skybuild failed to repay a N$9.05 million loan advanced in 2019, as well as an overdraft facility.  The court granted judgment for more than N$7.5 million, plus interest, and an additional amount linked to the overdraft.  Skybuild’s members, Ralph Rickert Mouton and Rosetta Hendrietta Mouton, were held jointly liable after signing suretyship agreements.…
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Analyst says Hishoono deserved state funeral

Analyst says Hishoono deserved state funeral

Allexer Namundjembo  Political analyst Ndumba Kamwanyah has said liberation struggle veteran Mathias Kanana Hishoono deserved the state funeral he was accorded. He said actions must be understood within the harsh colonial context of the time. “In my view, Kanana Hishoono still deserved the state funeral he was accorded,” Kamwanyah said in response to questions from the Windhoek Observer on Sunday.  He said that Hishoono testified in the 1968 terrorism trial involving Andimba Toivo ya Toivo and other accused freedom fighters, but the circumstances under which that testimony was given remain unclear. “While it is true that he might have testified…
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Nuclear energy must stay on the table — Mbuende

Nuclear energy must stay on the table — Mbuende

Renthia Kaimbi Africa should not shy away from nuclear energy, Namibia’s National Planning Commission (NPC) director general Kaire Mbuende has said.  Mbuende said nuclear power remains a necessary option for meeting future energy needs. He was speaking at the World Economic Forum annual meeting in Davos, Switzerland, last week.  Mbuende said global debates around energy security must include nuclear power, especially for countries that already supply uranium to the world. “As the largest producer of uranium in Africa and the third largest in the world, we cannot shy away from the prospect of generating nuclear energy, especially when our raw…
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WBCG plans health clinics for truck drivers

WBCG plans health clinics for truck drivers

Justicia Shipena  The Walvis Bay Corridor Group (WBCG) plans to establish wellness clinics and improve water and sanitation facilities for truck drivers operating along Namibia’s main transport corridors.  This was revealed by WBCG acting chief executive officer Edward Shivute during an engagement with truck drivers in Walvis Bay on Wednesday.  The plan forms part of efforts to develop practical responses to challenges faced by drivers and to strengthen safety, efficiency, and reliability along the corridor network. Shivute said the proposed wellness clinics are intended to bring basic health services closer to truck drivers, many of whom cannot leave high-value cargo…
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Lower interest rates to support vehicle sales in 2026

Lower interest rates to support vehicle sales in 2026

Chamwe Kaira  Namibia’s vehicle market is expected to record steady growth in 2026, supported by improved credit conditions, lower interest rates and changes in regional vehicle supply chains. Vehicle sales eased slightly toward the end of 2025, but demand remained firm.  According to Simonis Storm, this points to a stable expansion in the year ahead rather than a slowdown. New vehicle sales peaked at 1 320 units in March 2025 before falling to 1 138 units in December, down 8.5% from November’s 1 244 units.  Despite the monthly decline, December sales were 13.8% higher than the 1 093 units sold…
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