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Chamwe Kaira FNB Namibia economists Cheryl Emvula and Helena Mboti expect the Bank of Namibia to keep the repo rate steady at 6.75% over the coming quarters, even as global markets begin pricing in rate cuts. “As a result, the interest rate differential with South Africa is expected to compress to 25 basis points over the course of the year. Should capital flow pressures intensify, or reserves come under severe strain, the central bank may consider pre-emptive rate adjustments to stabilise inflows and reinforce its commitment to capital flows,” Emvula and Mboti said. Despite Namibia’s strong trade position, international reserves…

Chamwe Kaira Anglo American, through its subsidiary De Beers, revealed in its 2024 tax and economic contribution report that its total tax and economic contribution in Namibia amounted to US$545 million (N$10.2 billion), a decrease from US$611 million (N$11.4 billion) in 2023. Taxes and royalties borne in Namibia amounted to US$63 million, compared to US$144 million the previous year. Total taxes and royalties borne and collected reached US$136 million, lower than US$234 million in 2023. De Beers operates in Namibia through a 50:50 partnership with the government. It recovers land-based diamonds through Namdeb and offshore diamonds through Debmarine Namibia. The…

Chamwe Kaira Oryx Properties Limited, a company listed on the Namibia Stock Exchange, says its planned acquisition of Safari Investments Namibia (Proprietary) Limited is still subject to conditions agreed with the sellers. Safari owns and manages the Platz am Meer Shopping Centre in Swakopmund. Oryx announced in March that it had entered into a sale of shares and claims agreement with Safari Investments RSA Limited, a company listed on the Johannesburg Stock Exchange.  Under the deal, Oryx will acquire 100% of the issued share capital in Safari Investments Namibia and all related loan claims from the seller for N$290 million.…

InterContinental Hotels Group (IHG) Hotels & Resorts, one of the world’s leading hospitality companies, has announced the signing of three new hotels in Namibia as part of a franchise agreement with Cadence Capital & Santiago Property Developers Pty Ltd. The agreement will see the debut of Vignette Collection Dunes Resort Swakopmund, Holiday Inn Walvis Bay, and voco Windhoek CBD, collectively adding 347 rooms to IHG’s growing pipeline in Southern Africa.  The three properties will be operated by Valor Hospitality Partners, a global leader in integrated hotel management and operations solutions, and one of IHG’s trusted partners. All hotels are expected…

Acacia-Composites Manufacturers, the African continent’s only WPC (wood-plastic composite) manufacturer, recently exhibited at WoodEX for Africa 2025, which was held at the Gallagher Convention Centre in Johannesburg, South Africa. Acacia-Composites Manufacturers offers premium decking and cladding solutions with sustainably designed exhibition booths built entirely from compressed cardboard. Made using 70% intruder bush species and recycled plastic, Acacia’s WPC products are produced in Windhoek and certified to meet stringent European standards. Eike Bolm, business manager of Acacia-Composites, said the presence at WoodEX is more than just an exhibition but a celebration of Namibian ingenuity.  Bolm told Observer Money that while South…