Windhoek Observer – Page 9 – Windhoek Observer

08 Dec

AfDB to give Namibia N$33.4 billion to grow its economy

Observer Money

Chamwe Kaira The board of directors of the African Development Bank Group has approved a Country Strategy Paper for Namibia, committing US$1.78 billion (about N$33.4 billion) to support economic transformation and inclusive growth from 2025 to 2030. The funding aims to drive job creation and economic diversification at a time when Namibia faces a high youth unemployment rate of more than 40% and a drop in per capita income from US$5 942 (about N$111 500) in 2012 to US$4 240 (about N$79 500) in 2024. The group’s deputy director general for Southern Africa and country manager for Namibia, Moono Mupotola,…

08 Dec

Fuel price hike expected to push inflation up

Observer Money

Chamwe Kaira Fuel prices are expected to put upward pressure on inflation after the Ministry of Industries, Mines and Energy increased pump prices by 21% per litre in December. The rise follows higher global crude oil prices and refinery constraints. Almandro Jansen of Simonis Storm said housing inflation is also expected to remain firm due to long-standing supply shortages and municipal tariff adjustments. Economists project inflation to average between 3.7% and 3.9% in 2025, rising toward 4% in 2026 as fuel and utility prices settle at higher levels. They warn that currency volatility, logistics costs and global supply conditions could…

08 Dec

Paratus battles inflation while growing its network

Observer Money

Chamwe Kaira As Paratus Namibia marks its 20th anniversary, managing director Andrew Hall reflected on how the company began with a small team aiming to change the country’s digital future. What started as Internet Technologies Namibia (Pty) Ltd has grown into a major connectivity provider now preparing to enter the mobile network market. After a successful rights issue in May 2024, Paratus began one of its largest network expansions. The nationwide roll-out of its Radio Access Network and the growth of its retail footprint to 18 outlets led to strong customer uptake across its services. Fibre connections grew by 34%,…

08 Dec

NYC boss fights to clear her name as contract ends

Main

Renthia Kaimbi National Youth Council director Calista Schwartz-Gowases is demanding that her name be cleared and her legal fees repaid as her term ends this month. She says unproven misconduct allegations have damaged her reputation and wants an independent mediator to resolve the dispute. Schwartz-Gowases made the request through her lawyers, Shipindo & Associates, in a letter to interim board chairperson Kennedy Kariseb on Monday last week. “Our client essentially wants her name cleared from all such allegations before the parties part ways. We request for the Board Resolution and minutes of the meeting that gave effect to such action,”…

08 Dec

Standard Bank wraps up MSME blue growth programme

Observer Money

Staff Writer Standard Bank Namibia has concluded the blue growth series, a four-month micro, small and medium enterprises (MSME) capacity-building pilot that supported 40 Namibian micro, small and medium enterprises across various sectors. The programme ended with a closing event at the bank’s headquarters, highlighting the progress made by participants as they moved from early-stage potential to investment-ready businesses. Launched in August 2025, the programme attracted 695 applicants. It was designed to equip MSMEs with structured training, mentorship, and internationally recognised certifications from institutions such as Harvard Manage Mentor and Bloomberg Finance Lab. Of the 297 MSMEs that qualified, 45%…

07 Dec

The limits of courtesy: What modern diplomacy requires and classical diplomacy provides

Opinions

PAUL T. SHIPALE (with inputs by Folito Nghitongovali Diawara Gaspar) The analysis of minister Selma Ashipala-Musayi’s response to the United Kingdom’s concerns offers a lens through which to examine how diplomacy itself has evolved and what this evolution means for states navigating an increasingly complex global environment. While the minister’s position reflects honourable and historically significant diplomatic virtues, the global system in which these virtues operate has transformed. This episode illustrates a broader lesson for contemporary foreign policy: classical diplomatic principles remain necessary, but they are no longer sufficient. Diplomacy has shifted from a state-centric model to a networked system…

07 Dec

Afrikaans adaptation of The Office to premiere in January

Uncategorised

Staff Writer Showmax is producing a South African adaptation of the global comedy hit The Office, licensed by BBC Studios. The new series, titled Die Kantoor, is filmed mainly in Afrikaans. kykNET will air a preview of the first episode at 20:00 on Sunday, 18 January, ahead of the Showmax double-episode premiere on Tuesday, 20 January. It has been more than 20 years since the world was introduced to the mockumentary style of The Office, created by Ricky Gervais and Stephen Merchant. Metacritic lists the original British version as the best-reviewed comedy series of all time. The American version won…

07 Dec

Anirep records N$16 million loss

Uncategorised

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…

07 Dec

Simonis Storm says monetary easing begins to filter through

Uncategorised

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…

07 Dec

Alexforbes revenue rises despite volatile conditions

Uncategorised

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…