Page 4 – Windhoek Observer

27 Mar

ABC to split shares three-for-one

Observer Money

Chamwe Kaira Africa Bitcoin Corporation Limited (ABC) has proposed a share split and changes to its memorandum of incorporation, a move that will affect its listing on the Namibian Stock Exchange. The company, which is listed on the JSE Limited and the NSX under the code BAN, plans a three-for-one subdivision of its ordinary shares. Under the proposal, shareholders will receive three shares for every one they currently hold. The change will not affect ownership or the company’s overall value. The board said the aim is to improve liquidity and make the shares more accessible to investors. A lower share…

27 Mar

Ultimate Safaris expands global guide exchange

Observer Money

Staff Writer Ultimate Safaris has continued its international guide exchange programme, marking its fourth year and investing more than N$400 000 since it began. Each year, the “Ultimate Guide of the Year” travels to Baja California in Mexico for a three-week experience with Todos Santos Eco Adventures. Peter Nuugonya, the 2025 winner, took part in the programme this year. He grew up in a village near Ondangwa, where he learned to track animals from a young age. Nuugonya started his career at Sossusvlei Desert Lodge in the NamibRand Nature Reserve as a barman before moving into guiding. Over time, he…

27 Mar

Woolworths awards new CEO R70m in shares

Observer Money

Chamwe Kaira Woolworths Holdings Limited has awarded incoming Group CEO Sam Ngumeni a once-off share award valued at about R69.7 million. The award includes 995,715 shares bought on the open market by the Woolworths Holdings Share Trust. Based on a share price of about R70, the total value is just under R70 million. The shares form part of a performance-based incentive. They will vest over five years until June 2031 if set targets are met. These targets include share price growth, headline earnings per share and returns on capital employed. The shares will be held in escrow during the vesting…

27 Mar

Namibia ranks in top three in African gender disparity

Observer Money

Retuura Ballotti Namibia continues to distinguish itself as a continental leader in gender equality, supported by strong national institutions and sustained policy reforms. Research from the African Development Bank’s 2025 Gender Brief places Namibia among the top three African countries with the least gender disparity, driven by consistently high education completion rates among girls and a growing presence of women in strategic decision‑making roles. Women make up 51.8% of the national population, and the country’s empowerment and representation scores outperform continental averages, underscoring a social environment that increasingly supports gender equity. This national trajectory provides a fertile foundation for organisations…

27 Mar

Are poverty and inequality challenges or structural realities of capitalism?

Opinions

By the President’s own admission in her 36th Independence Anniversary statement and speech, Namibia is facing poverty and inequality. That is a fact! However, what is not clear and what the country must come to terms with through a national dialogue is what these socio-economic evils, for a lack of a better term, represent. Challenges as Her Excellency maintains. Or are they fundamental factors of the capitalist system? Because unless the country addresses these varying interpretations and understandings as they seem between and among those, like Her Excellency, who think poverty and inequality are just challenges, and those who think…

27 Mar

The urgent call beyond the rhetoric of One Namibia, One Nation

Opinions

Paul T. Shipale (with inputs by Folito Nghitongovali Diawara Gaspar) On 21 March 2026, President Netumbo Nandi-Ndaitwah stood before the nation and invoked a familiar but powerful refrain: “One Namibia, One Nation.” It is a phrase or slogan deeply embedded in the country’s post-independence identity and a moral anchor forged in the transition from colonial rule to sovereign statehood. Yet, in her speech, unity did not sound like a settled achievement. It sounded like a warning. Her emphasis on unity must be read not as ceremonial rhetoric but as a political signal. When a head of state stresses the dangers…

27 Mar

From promise to practice: Rethinking Namibia’s jobs conversation

Opinions

Hopolang Phororo Almost every day, Namibia’s newspapers carry a story about jobs. One day it highlights youth empowerment initiatives, such as MTC’s 4Life programme. Another day it is a sobering reminder that more than 70% of working individuals are unable to save or build generational wealth because unemployed relatives depend on them. On another day, we read about efforts such as the National Youth Development Fund supporting young entrepreneurs. And we also hear about TVET as a pathway to economic emancipation. Different headlines. Different angles. But they all point to the same reality: jobs and livelihoods matter deeply to Namibians. …

26 Mar

Expensive lessons: Why populism and inexperience don’t mix in public health

Editorial, Featured

The re-emergence of intermediaries in the procurement of medicines by the Health Ministry is not just an administrative adjustment; it is a sobering indictment of how policy, when driven by rhetoric rather than rigour, can backfire with real consequences for ordinary citizens. Reports that some medicines are now costing up to five times more, coupled with widening supply gaps and shortages in hospitals, should concern every Namibian. More importantly, it demands a frank reflection on how we arrived at this point. At the heart of the matter lies a familiar but dangerous pattern: the preference for performative, dramatic gestures over…

26 Mar

Health ministry back in bed with middlemen

Main, National News

ARVs, other medicine stocks low Buys medicine from local pharmaceutical companies Ministry returns N$700m to treasury Renthia Kaimbi The Ministry of Health and Social Services appears to be back in business with 'middlemen' as medicine shortages deepen and emergency purchases drive up costs. The Central Procurement Board of Namibia (CPBN) has invited bids for the supply of antiretroviral drugs for 12 months, raising questions about a return to intermediaries 'middlemen' after a shift to direct procurement from manufacturers. This follows as Namibia faces shortages of essential medicines. Sources who spoke to the Windhoek Observer said the ministry returned about N$700…

26 Mar

Shipwikineni apologises to Swapo

National News

Allexer Namundjembo Former swapo member Reinhold Shipwikineni has issued an apology to Swapo, its leadership and members. The apology follows a High Court judgement delivered in Windhoek on March 20, which dismissed an application by Shipwikineni and four others. The group had challenged the party’s decision not to hold an extraordinary congress within three months after a leadership vacancy following the death of President Hage Geingob. The court ruled the matter had become moot, as the congress had already taken place and the vacancy had been filled. “The relief sought by the applicants has since become moot,” the judgement reads.…