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Chamwe Kaira  Capricorn Group Limited, with operations in Namibia and Botswana, posted a profit after tax of N$1.99 billion for the year ended 30 June, up from N$1.74 billion in 2024. Return on equity rose to 18.2% from 17.9% in the previous year. Group CEO David Nuyoma said the results reflect the strength of its business and the resilience of its teams. He credited prudent capital allocation, disciplined strategic execution, and investment in digital and data capabilities for the improved earnings and returns to shareholders. The group created a value of N$5.7 billion, an increase of 11.7% from the prior…

Chamwe Kaira   Debmarine Namibia has unveiled its Next Generation Crawlers after investing close to N$1 billion in their development.  Head of projects and technology development, Danie van Aswegen, said the new crawlers are designed to be more robust and extend their lifespan. The mining vessel Benguela Gem is serviced every three years, while its crawler is replaced every 18 months.  “It needs to be changed out because it is under so much load at the seabed. It’s not the best environment for equipment to operate. With the heavy load of moving material, it cannot last for long periods, so it…

Chamwe Kaira  Namibia’s weak economy, marked by low consumer spending and high inflation, continues to strain regional retailers.  For Choppies Enterprises Limited, losses in its Namibian operations have deepened an already tough trading year pressured by rising diesel costs, foreign exchange volatility, and the sale of its Zimbabwean business. The Botswana-headquartered retail group, listed on the Botswana Stock Exchange and Johannesburg Stock Exchange, issued a trading statement for the year ended 30 June 2025. Profit after tax from total operations is expected to fall between 25% and 35%, while profit after tax from continuing operations is projected to drop between…

Chamwe Kaira  City Lodge Hotels has written down N$13.5 million in Namibia after new tax rules restricted how companies can carry forward assessed losses. The changes, communicated by the Namibia Revenue Agency (NamRA) in September 2024 and from 1 July 2024, losses can  only be set off against taxable income to N$1 million or 80% of taxable income, whichever is higher. Losses may also not be carried forward for beyond five years. “In light of these changes, a N$13.5 million impairment has been recognised,” the group said in its financial statements for the year ended 30 June. In the prior…

Chamwe Kaira  Momentum Metropolitan's Africa operations delivered strong results, with Namibia recording higher corporate protection, new business volumes, and increased retail sales. Growth in Lesotho and Botswana also supported Africa’s overall performance. The Group’s normalised headline earnings rose 41% to N$6.26 billion. Earnings per share grew 46% to 451 cents, reflecting the impact of share buybacks.  Operating profit increased 52% to N$5.48 billion, supported by higher contractual service margin releases, improved mortality and morbidity experience, and strong contributions from Momentum Retail, Metropolitan Life, Momentum Corporate, Momentum Insure, and Guardrisk. Africa’s operating profit declined due to lower market variances, higher new…