FirstRand Namibia earnings expected to increase by 15%

FirstRand Namibia earnings expected to increase by 15%

Chamwe Kaira FirstRand Namibia Limited expects earnings and headline earnings for the year ended 30 June 2025 to rise by 10% to 15% compared to the previous year. “The main drivers of the increase in headline earnings are growth in customers, increased customer activity and effective cost containment. The group’s audited financial results will be released on or about 11 September,” the Namibian Stock Exchange, listed company said in a trading statement. For the year ended 30 June 2024, the group, which includes FNB Namibia, recorded a net profit after tax of N$1.704 billion, up from N$1.561 billion in the…
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Usakos allocates N$8 million for sports

Usakos allocates N$8 million for sports

Erasmus Shalihaxwe  The Usakos Town Council has allocated N$8 million for the upgrading of two sports facilities.  The projects form part of the national sport facilities development plan, which aims to ensure that all 14 regions and 121 constituencies have standard facilities for sport development. According to the council, the projects are being carried out in consultation with the ministry of education, innovation, youth, sports, arts and culture.  “After an interactive and impactful meeting with the ministry, we are especially proud to announce that the Usakos Sports Field will be upgraded at an estimated cost of N$8 million,” the council…
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DAILY OBSERVER | Steering Namibia’s Oil with an Unusual Crew

Namibia’s oil and gas sector is standing on the edge of history. For decades, we dreamed of “the big find,” and now that dream is reality. Oil is no longer a rumour off our shores, it’s here, commercially viable, and promising to change the face of our economy forever. But here’s the catch: how we manage this industry from day one will determine whether Namibia becomes a success story or just another African country that struck oil and ended up poorer for it. That’s why leadership matters. The people at the top set the tone, negotiate the deals, and decide…
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Katima dissolution forces fresh Swapo candidate list

Katima dissolution forces fresh Swapo candidate list

Renthia Kaimbi Swapo leaders assigned to the Zambezi region will meet in Katima Mulilo this weekend to reset candidate nominations for the local authority elections.  The meeting follows the recent dissolution of the Katima Mulilo Town Council by minister of urban and rural development James Sankwasa. The dissolution, announced this week, nullified the participation of former councillors on the party’s established candidate list.  Under party rules, sitting councillors who have not been recalled usually receive automatic entry onto the candidate list.  “The dissolution breaks the chain of continuity. The council no longer exists in its previous form, so the mechanism…
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No case filed at ACC on Nust corruption claims

No case filed at ACC on Nust corruption claims

Allexer Namundjembo The Anti-Corruption Commission (ACC) says it has not received a formal complaint regarding allegations of corruption at the Namibia University of Science and Technology (Nust). This follows claims of corruption, nepotism, and financial mismanagement at the university.  A 40-page dossier allegedly addressed to ACC director general Paulus Noa, accuses Nust vice-chancellor Erold Naomab and several senior officials of orchestrating schemes that syphoned millions of dollars from the institution through irregular procurement, abuse of authority, and reckless spending. According to the document,  Naomab surrounded himself with allies strategically placed in key positions, including Klemens /Awarab, special adviser; Browny Mutrifa,…
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Sankwasa cites land-for-vehicles deal in dissolution of Katima Council

Sankwasa cites land-for-vehicles deal in dissolution of Katima Council

Hertta-Maria Amutenja Urban and rural development minister James Sankwasa has defended his decision to dissolve the Katima Mulilo Town Council, saying councillors failed to carry out their functions and engaged in an unlawful land-for-vehicles transaction. Speaking in Katima Mulilo on Wednesday, Sankwasa said the deal was invalid because land gains value while vehicles lose value.  In May, Sankwasa accused councillors of selling land without approval and ordered the return of vehicles acquired in the land-for-vehicles deal.  Councillors, including mayor John Ntemwa, denied wrongdoing and accused the minister of tribalism and interference.  Last month, more than 1 000 residents protested against…
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Theofelus encourages youth to innovate through connectivity

Theofelus encourages youth to innovate through connectivity

Erasmus Shalihaxwe The minister of information and communication technology Emma Theofelus, has urged the youth of Etayi Constituency in the Omusati region to see network connectivity as a gateway to the world. Speaking at Oikoka village on Thursday during the launch of 25 new network towers by PowerCom, Theofelus told the young people to use connectivity to innovate, learn, create, and engage globally.  “The future of Namibia rests in your ability to take the tools and transform them into opportunities,” she said. She stressed that connectivity should also serve farmers and traders. "To every resident of Oikokola, Omusati Region, and…
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DAILY OBSERVER | Let Netumbo Be Netumbo

In Namibia, politics is as much a national pastime as it is the engine of governance. The moment a new president assumes office, our collective curiosity shifts into high gear. Who will be appointed to Cabinet? Which familiar faces will be retained, and which newcomers will find themselves elevated to positions of influence? For weeks, conversations across dinner tables, taxis, shebeens, and WhatsApp groups circle around the same subject: who’s next? Who are the new ambassadors?  This chatter is not unique to Namibia. In every democracy, the arrival of a new leader generates speculation, innuendo, and even misinformation. But in…
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Outapi by-election seen as test run for November polls

Outapi by-election seen as test run for November polls

Allexer Namundjembo Political analyst Sackaria Johannes has described the Outapi Constituency by-election as a “research pilot study”.  He believes that the contest, scheduled just weeks before the national polls, will serve as an early test of voter sentiment in Omusati, a region long regu as a Swapo stronghold.  Only two political parties, the Independent Patriots for Change (IPC) and Swapo, will contest the by-election set for 29 September 2025.  The Electoral Commission of Namibia (ECN) this week announced Selma Asino, the current mayor of Outapi, as Swapo's candidate, while IPC fielded Fillemon Shikwambi. “The results will determine how those specific…
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472 street kids reintegrated into schools

472 street kids reintegrated into schools

Renthia Kaimbi The ministry of gender equality and child welfare (MGECW) has reintegrated 472 children into formal education as part of efforts to address the plight of street kids.  About 425 of them have remained in school, reflecting a 90% retention rate. Control social worker Enjouline Kole and the children's home superintendent Maggy Katimba speaking  at the after-school centre, said the programme goes beyond enrolment.  They described it as a “continuum of support” designed to help children not only return to school but succeed long-term. Children receive bridging classes to close learning gaps and are given uniforms and stationery.  “This…
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