Observer Money

Justicia Shipena Policymakers and energy leaders from six African countries will convene in Walvis Bay this week for the Namibia Parliamentary Green Investment Dialogue.  The four-day regional event, running from Thursday through Sunday, will focus on mobilising climate finance for green energy development. The dialogue will bring together delegations from Botswana, Kenya, Namibia, Rwanda, Zambia, and Zimbabwe.  The event is hosted by the Climate Parliament and the United Nations Industrial Development Organisation (UNIDO), with support from the Green Climate Fund (GCF).  It marks the final leg in a series of regional dialogues held under the Parliamentarians for Climate Finance project,…

Justicia Shipena Policymakers and energy leaders from six African countries will convene in Walvis Bay this week for the Namibia Parliamentary Green Investment Dialogue.  The four-day regional event, running from Thursday through Sunday, will focus on mobilising climate finance for green energy development. The dialogue will bring together delegations from Botswana, Kenya, Namibia, Rwanda, Zambia, and Zimbabwe.  The event is hosted by the Climate Parliament and the United Nations Industrial Development Organisation (UNIDO), with support from the Green Climate Fund (GCF).  It marks the final leg in a series of regional dialogues held under the Parliamentarians for Climate Finance project,…

Justicia Shipena The executive for investment at the Namibia Investment Promotion and Development Board (NIPDB), François van Schalkwyk, will be stepping down from his position.  The NIPDB announced on Tuesday that his last working day will be 31 July 2025. NIPDB senior manager for marketing, branding, and communications, Catherine Shipushu, said that after more than four years at the institution, Van Schalkwyk has decided to pursue other interests and relocate to the United Kingdom to spend more time with his young family. Van Schalkwyk joined the NIPDB as one of its first employees and played a key role in shaping…

Staff Writer  The Bankers Association of Namibia (BAN) has appointed Dantagos Naomi Jimmy as its new chief executive officer, effective 1 July 2025. Jimmy brings more than 20 years of experience in investment management, financial markets, corporate governance, and strategic advisory.  She founded Ndapunikwa Investment Management (Pty) Ltd and has held senior roles at the Bank of Namibia, Alexander Forbes Investments, and IJG Securities. She holds a BSc in International Management from La Roche College in the United States and an MBA in General and Strategic Management from the Maastricht School of Management in the Netherlands.  She also completed executive…

Justicia Shipena Consumers in the Khomas Region paid more for beef fillet in June compared to May, as beef prices climbed across several regions of the country. According to the latest figures from the Livestock and Livestock Products Board of Namibia, the price of fillet in Khomas rose from N$315.98/kg in May to N$378.25/kg in June. This was a 6.93% weekly increase, the board said. Other prime cuts also saw increases. Topside climbed 3.66% to N$187.94/kg, neck rose 6.48% to N$99.99/kg, and shin increased by 5% to N$106.51/kg. At the same time, the price of thin flank dropped by 5.41%…

Justicia Shipena  Come September, Namibians will have the chance to take control of their finances through a newly launched Financial Education Masterclass by Old Mutual Namibia. The initiative, the first of its kind by Old Mutual, invites individuals across the country to complete a short online survey to express their interest in attending the free training.  According to Old Mutual, based on the responses, two regions will be selected to host the inaugural masterclasses, with the announcement scheduled for 11 August 2025 via Old Mutual’s official social media platforms. The sessions are expected to take place in September or October…

Chamwe Kaira Alpha Namibia Industries Renewable Power Limited (Anirep) says its renewable energy portfolio is on track to grow to over 190 MWp of clean, diversified energy capacity.  The company made the announcement in its latest financial results for the year ended February 28, following the successful launch of the Khan Moses Mague/Garoëb 25 MW solar PV plant. The growth outlook is supported by Anirep's recent acquisition of a 45% stake in the 50 MWp CERIM Wind Project and the development of the 100 MWp Kokerboom project. Total group revenue for the year grew to N$177.2 million, up from N$89.2…

Chamwe Kaira Namibia's international reserves dropped to N$57.4 billion at the end of May, a 9.8% decline from the previous month, according to the Bank of Namibia (BoN). The decline was driven by net outflows from commercial banks, customer foreign currency (CFC) withdrawals, and revaluation losses caused by the strengthening of the Namibian dollar against major currencies. The current level of reserves translates into 3.7 months of import cover. Excluding oil exploration and appraisal activities, the import cover stood at 4.6 months. Commercial banks’ cash holdings fell to N$8.5 billion in May from N$9.9 billion in April, due to net…

The Swakopmund Municipality has announced plans to upgrade the town’s aerodrome. This week, Observer Money asked the municipality’s public relations officer, Linda Mupupa, about the reasons behind the planned upgrade. Observer Money (OM): What has led to this proposed upgrade?  Linda Mupupa (LM): Council called for a feasibility study in 2023 to be conducted on the aerodrome. The purpose of the study was to develop a framework that will guide the council in enhancing the operations and overall functionality of the Swakopmund Aerodrome, in alignment with the council’s long-term vision. The ultimate goal is to position the aerodrome as a…