Page 40 – Windhoek Observer

04 Mar

Parliament still in turmoil over PSC appointments

National News

Justicia Shipena The National Assembly descended into disorder on Tuesday after opposition members once again objected to the voting process over the approval of four nominated Public Service Commission (PSC) commissioners. Parliament had resumed debate on the nomination and re-nomination of PSC members for a five-year term. When the House adjourned last Thursday, the matter had not been concluded. The motion, tabled by prime minister Elijah Ngurare, sought approval for the appointment and re-appointment of commissioners nominated by the President. The matter carried urgency, as the current commissioners’ terms expired on Friday and new members were expected to be sworn…

04 Mar

‘We did our part’ – Kapofi on veterans camping outside Swapo HQ

National News

Allexer Namundjembo A standoff between the government and a group of liberation struggle veterans camping outside Swapo Party headquarters has drawn fresh attention, with defence and veterans affairs minister Frans Kapofi saying his ministry has fulfilled its responsibilities. Kapofi said the veterans’ grievances are not directed at his ministry but at the United Nations. “They are citing the UN in their demands,” he said. He added that the group is demanding answers from the UN, not from the ministry. “We are trying to read what the law is saying because it is in the law,” he said. Kapofi said he…

04 Mar

NDP honours members for grassroots work

National News

Allexer Namundjembo The National Democratic Party (NDP) over the weekend honoured a group of long-standing members for their role in strengthening grassroots structures, driving campaign strategies and supporting community development. The awards were presented during a ceremony held on Saturday at Kamunu Hall in Katima Mulilo. Party supporters and community leaders attended the event. In a telephonic interview with the Windhoek Observer on Tuesday, NDP president Martin Lukato said the recognition reflects the contribution members have made in building the party. “These members have gone beyond ordinary participation. They have inspired peers, led campaigns, and ensured that our message of…

04 Mar

Are we outsourcing the bench ?

Editorial, Featured

The Office of the Judiciary this week announced the appointment of former judges from the region to Namibia’s High Court. A former judge of the High Court of Botswana, Gabriel Komboni, has been appointed on contract for two years and five months. Two Zimbabwean jurists, retired High Court judge David Mangota and former High Court judge James Devittie, have been appointed as acting judges for three years. On paper, these are distinguished legal professionals. Their experience is not in question. Regional judicial exchange is not uncommon, and cross-border appointments can, in certain contexts, strengthen jurisprudential coherence within the Southern African region. Yet the announcement…

04 Mar

Debmarine vessel shutdown cuts diamond output

Observer Money

Chamwe Kaira Namibia’s diamond production fell by 7% to 2.1 million carats in 2025 as Anglo American continued restructuring its diamond unit, De Beers, amid weaker global demand for rough stones. According to Anglo American’s 2025 Integrated Annual Report, De Beers produced 21.7 million carats during the year, down 12% from 24.7 million carats in 2024. The company cut production across Botswana, Namibia, South Africa and Canada to align outputs with market demand. In Namibia, output declined mainly due to lower production at Debmarine Namibia. The decommissioning of the Coral Sea and Grand Banks mining vessels reduced volumes. Higher-grade ore…

04 Mar

FNB eyes growth on oil and gas investment prospects

Observer Money

Chamwe Kaira FirstRand Namibia has reported strong interim results for the six months ended 31 December 2025, as it positions itself to benefit from expected growth in oil and gas investment and an improving domestic outlook. Namibia’s economic prospects hinge on improved agricultural yields, rising uranium production and renewed activity in mining, exploration and infrastructure. The anticipated final investment decision (FID) by global oil and gas companies could reshape the investment landscape. A positive FID could attract foreign capital, drive further investment and create opportunities across sectors. The group said robust monetary policy and improving consumer sentiment should support household…

04 Mar

Nedbank Group posts R17.2bn headline earnings

Observer Money

Chamwe Kaira Nedbank Group Limited reported a 2% increase in headline earnings to R17.2 billion for the year ended 31 December 2025, describing the period as a transformative year marked by strategic restructuring, portfolio repositioning and balance sheet resilience. Headline earnings per share increased by 2% to 3 706 cents, while diluted headline earnings per share rose by 3% to 3 628 cents. Return on equity measured 15.4%, slightly down from 15.8% in 2024 but still above the group’s cost of equity. Revenue grew by 3% to R73.9 billion. Expense growth of 7% to R43.4 billion pushed the cost-to-income ratio…

04 Mar

Companies cut debt despite lower interest rates

Observer Money

Staff Writer Corporates continued to make net repayments in January 2026 despite lower lending rates and contained inflation, reducing overall credit uptake, according to Standard Bank Namibia economist Helena Mboti. Private Sector Credit Extension (PSCE) slowed to 4.2% year-on-year in January, down from 4.4% in December 2025. Mboti said the slowdown reflected subdued demand rather than tighter financial conditions. Business credit growth declined by 1.0 percentage point to 3.8% year-on-year in January. Household credit edged up by 0.3 percentage points to 5.8%. Inflation eased from 3.6% year-on-year to 3.4% in November 2025. Lending rates also declined under an accommodative monetary…

04 Mar

Digital social grant payments set for launch

Opinions

Staff Writer Bank Windhoek has reaffirmed its commitment to Namibia’s financial modernisation agenda following its participation in a high-level engagement on the rollout of Government-to-Person (G2P) payments under the national Instant Payment Programme (IPP). The meeting brought together minister of finance Ericah Shafudah, Bank of Namibia governor Ebson Uanguta, deputy governor Leonie Dunn, Bank Windhoek managing director James Chapman and other industry participants forming part of the first cohort implementing the IPP. Discussions focused on alignment, operational readiness and progress on the G2P digital payments rollout through Instant Payments Namibia (IPN), the entity established to operationalise the country’s instant payment…

04 Mar

NSI wraps up talks on new standards rules

Observer Money

Staff Writer The Namibian Standards Institution (NSI) has concluded stakeholder consultations on the review and formulation of the standards regulations. The consultations took place in the Khomas and Erongo regions. They form part of a national process to strengthen Namibia’s standards and regulatory framework and ensure it responds to economic changes, technological developments and international regulatory practice. The current standards regulations were promulgated in 2013 after the Standards Act of 2005 came into effect. Since then, Namibia’s economic and regulatory environment has changed. Trade integration has increased. Industrial activity has expanded. Expectations for stronger regulation and market oversight have grown.…