Observer Money

Justicia Shipena As winter sets in and households tighten their budgets, Namibia’s trade data shows a sharp imbalance in the coffee sector.  In April 2025, the country imported coffee worth N$12.4 million, mainly from South Africa and Switzerland.  This is revealed in the latest Namibia international merchandise trade statistics bulletin by the Namibia Statistics Agency (NSA).  Over the same period, the NSA revealed that the country exported only N$14,629 worth of coffee to Angola and South Africa.  This gap highlights the country’s reliance on foreign coffee and raises questions about opportunities in domestic processing and value addition. This comes as…

Justicia Shipena Food and non-alcoholic beverages remained the main contributors to price increases in May 2025.  This is despite a slowdown in the country’s annual inflation rate to 3.5%. This marks a decline from 4.9% recorded in May 2024 and slightly below April’s rate of 3.6%. Consumer prices rose by 0.2% on a monthly basis, unchanged from April.  According to the Namibia Statistics Agency (NSA), the steady rate reflects modest gains in food and alcohol prices, a small rebound in transport costs, and ongoing deflation in housing services. Core inflation stood at 4.1% in May, down from 4.3% in April. …

Allexer Namundjebo Senior trade officials from Commonwealth countries are meeting in Windhoek for the Second Senior Trade Officials Meeting (STOM II).  This is the first time the event has been held in Africa and within the Southern African Development Community (SADC) region. The two-day meeting builds on earlier discussions to shape collective strategies for global trade, ahead of the upcoming Commonwealth Trade Ministers meeting and the 2026 WTO Ministerial Conference in Cameroon. Ruth Kattumuri, senior director at the Commonwealth Secretariat’s Economic, Digital, Trade and Investment directorate, said the Commonwealth must present a united voice as global trade tensions grow.  “Trade…

Staff Writer  Thirty youth micro-entrepreneurs participated in a full-day content creation and social media masterclass hosted by the Youth Opportunity (YO!) Pillar in partnership with MultiChoice Namibia on Friday.  The session, themed “Passion to Pixels to Profit,” focused on building digital content strategies, brand identity, and platform monetisation. The hands-on training aimed to equip young entrepreneurs with practical tools to grow digital brands and generate income in Namibia’s evolving online economy.  The event combined technical learning with creative insight, teaching participants to turn audiences into customers, use AI tools for faster content production, build strong brand identities, and understand legal…

Justicia Shipena Preparations are at an advanced stage for the 2025 Global Policy Forum (GPF), which Namibia will host for the first time.  The Bank of Namibia (BoN)'s acting director for strategic communications and international relations, Naufiku Hamunime, said the event theme and host location have been finalised. BoN and the Alliance for Financial Inclusion (AFI) will hold the event in Swakopmund from 2 to 5 September 2025. Hamunime said coordination with ministries and stakeholders is ongoing to ensure a secure and smooth experience for all delegates. The forum, held under the theme “Empowering Society, Enabling Growth”, is expected to…

Chamwe Kaira Oceana Group reported a 14% drop in its Namibian performance, driven by higher catch costs, increased fuel prices, rising quota costs, and a larger share of lower-value bycatch. In its unaudited condensed consolidated interim results for the six months ended 31 March, the company said horse mackerel fishing in South Africa was limited. The Desert Diamond vessel operated in Namibia for most of the period due to low catch rates in South African waters. In Namibia, catch rates remained in line with the previous period, but sea days declined. This was due to the Desert Jewel undergoing a…

Chamwe Kaira Trustco Group Holdings Limited has confirmed it is moving forward with its plan to delist from all its current trading platforms. These include the Johannesburg Stock Exchange (JSE), the Namibian Stock Exchange (NSX), and the OTCQX Market in the United States. The company issued a renewed cautionary announcement, stating that it is completing the final steps of the delisting process. Trustco said it will provide further information once the process is complete. Shareholders are advised to continue exercising caution when trading in Trustco securities. The group first announced its intention to delist in updates published on 20 January,…

Chairman of the Economic Association of Namibia, Jason Kasuto, informed Observer Money that the emergence of the oil sector and the development of green hydrogen present unique opportunities for Namibia, particularly in job creation.  He added that the private sector is vital for driving economic growth and job creation in Namibia. By investing in local enterprises and creating value chains that prioritise local procurement, companies can enhance their socio-economic impact, Kasuto added.  Observer Money (OM): What is the EAN’s position on the rate of unemployment in Namibia and what measures can be taken to create employment in Namibia? Jason Kasuto…

Chamwe Kaira FirstRand Namibia Limited (NSX: FNB) has announced that its board chairperson, Otto Nakasole Shikongo, has acquired shares in the company worth nearly N$1 million.  The transaction was disclosed in line with the Namibia Stock Exchange (NSX) Listing Requirements. According to the notice issued by the company, Shikongo purchased 19,955 ordinary par value shares at a price of N$47.11 each.  The total value of the transaction, including levies and commission, was N$945,954.58. The trade was executed on 11 June 2025, with prior clearance obtained as required under NSX regulations. FirstRand Namibia is one of Namibia’s leading financial institutions and…

Chamwe Kaira Mobile Telecommunications Limited (MTC) is showing signs of commercial recovery, supported by rising revenue, growing subscriber numbers, and solid performance in the enterprise segment, according to Simonis Storm Securities. In its interim results, MTC reported a strong first-half performance for 2025, driven by improved product delivery, subscriber growth, and revenue uplift across its portfolio.  The company posted a profit of N$503 million, up from N$362 million in the same period in 2024.  Revenue increased by 15.8%, from N$1.57 billion to N$1.82 billion, driven by higher demand for high-speed data and value-added services, mainly from prepaid users and enterprise…