Observer Money

Martin Endjala According to Jan Coetzee, Managing Director of Headway Consulting, Namibia is making significant strides in embracing technology, establishing best practices within organizations, and recognizing the advantages of adhering to international standards in enhancing service delivery and the bottom line. However, the country still faces certain challenges, and both organizations and the nation as a whole must take the need for streamlining processes, compliance, and digitalization more seriously. "Organizations can greatly benefit from Enterprise Resource Planning (ERP) tools and available software to facilitate this transformation," Coetzee said. He believes that by embracing and implementing such tools throughout an entire…

Chamwe Kaira MTC delivered a good financial performance that is in line with the expectation for the financial year. Despite the challenging economic conditions, such as elevated inflation and the weaker local currency against the US dollar, the company adapted with a five percent total income growth compared to 3.7 percent in 2022, the company said in consolidated results for the year ended 30 September 2023. MTC said income growth was driven by the increase in demand for data, growth in prepaid products, resumption of roaming services and continued expansion of enterprise services. “The demand for fixed line services continued…

Alpha Namibia Industries Renewable Power Limited (ANIREP) this week announced the results of the rights offer as approved by shareholders on 3 November and closed on 4 December 2023. ANIREP disclosed that a total of N$557,138,096.30 has been received, which is equivalent to a total of 70,523,809 rights offer shares being subscribed for out of the total 71,403,185 rights offer shares on offer. This translates to a subscription rate of 98.77 percent. Managing Director, Iyaloo Nangolo talked to Observer Money about the money that was raised through the offer and the company’s plans going forward. Observer Money (OM): Alpha Namibia…

Chamwe Kaira Namibia exported goods worth N$52.6 million to Lesotho during the period 2015 to 2022, while on the demand side, goods amounting to N$50.3 million were sourced from Lesotho. In October, Namibia sourced goods worth N$916 8111 from Lesotho. The export basket to Lesotho comprised solely of ‘Lime, cement, and fabricated construction materials’ whereas the import basket primarily comprised of clothing articles. During October, Namibia exported goods worth N$3.6 billion to African markets, whereas, on the demand side, the country sourced goods from Africa. In October, Namibia’s total exports stood at N$6.8 billion and imports at N$11.3 billion, resulting…

FNB Namibia recently announced a one-year partnership agreement with the Harambe Entrepreneur Alliance, an alliance of African innovators known as Harambeans. This strategic partnership aims to unlock the entrepreneurial potential of Namibia and transform its entrepreneurial landscape. FNB’s SME clients will gain access to the Harambeans Lab, a comprehensive online learning platform that provides insights from Africa’s leading innovators on starting and scaling high-growth ventures across the continent. Observer Money asked Tomas Iindji, FNB Namibia Head of Business banking: SME and Mid touch about the progress made on the programme. (Observer Money (OM): Has FNB identified Namibian Entrepreneurs entrepreneurs for…

Chamwe Kaira The ribbon cutting ceremony on one of the biggest construction projects in Windhoek, the new US Embassy will take place this week. The project pumped millions into the Namibian economy. The US Embassy said the project cost US$300 million will have local features like plants, solar, and recycled water. The new embassy compound features solar array that will power 50 percent of the chancery’s needs. Approximately 5000 native and drought-tolerant plants, and trees were replanted on the compound, reducing site irrigation needs. The US mission said the completion of the project has impacted the lives of 2000 Namibians.…