Page 9 – News Stand

01 Aug

NAC to build third Hosea Kutako terminal

info_e12wt4csNational NewsNamibia Airports Company (NAC)

Allexer Namundjembo The Namibia Airports Company (NAC) is set to build a third terminal at Hosea Kutako International Airport as part of a broader infrastructure expansion plan. The announcement was made on Thursday during a briefing on the state of air transport infrastructure. The NAC also confirmed that upgrades are planned at Walvis Bay and Lüderitz airports to support the country’s oil and gas sector. In addition, Katima Mulilo Airport will be further developed to accommodate the rise in tourism, which the NAC says is outpacing international passenger growth. The new projects come after more than N$350 million was invested…

01 Aug

Usakos signs agreement for affordable housing

info_e12wt4csNational NewsThe Usakos Town Council

Allexer Namundjembo The Usakos Town Council has signed agreement with the National Housing Enterprise (NHE) to formalise informal settlements and provide affordable housing to low-income residents The Memorandum of Understanding (MoU) signed this week at the Usakos Town Council chambers, is part of the National Informal Settlement Upgrading Project (ISUP). The signing ceremony was attended by NHE chief executive officer Gisbertus Mukulu, local councillors, technical staff, and community representatives from the Saamstaan and Ongulumbashe areas. Usakos mayor Irene Simeon said the partnership is a step towards addressing inequality and housing insecurity in the town. “Together, we are choosing to say,…

01 Aug

Nuclear energy could inject N$20 billion into economy

info_e12wt4csObserver Money

Chamwe Kaira The government sees potential in the nuclear fuel cycle chain, including uranium conversion and small modular reactors, with the ability to inject up to N$20 billion into the economy under favourable conditions. These include geopolitical dynamics, market trends, and Namibia’s financial and technical capacity. The sixth National Development Plan (NDP6) shows that one of the planned interventions is to assess the viability of uranium conversion. The plan also sets the stage for considering a nuclear power programme beyond the NDP6 period. The proposed activities include the establishment of a Nuclear Institute of Namibia and exploring flagship nuclear projects…

01 Aug

Talks advance on N$10 billion hydrogen loan

info_e12wt4csObserver Money

Chamwe Kaira The Namibia Green Hydrogen Programme (NGH2P) is in advanced talks with the European Investment Bank for a €500 million (approximately N$10 billion) facility. The proposed facility carries a 3.5% interest rate with a five-year grace period. Earlier this year, the programme, in partnership with the ministry of finance, submitted a funding proposal to the Climate Investment Funds’ Industry Decarbonisation Program under the Clean Technology Fund. The requested amount ranged from $50 million to $250 million, with a low-cost facility averaging 1% interest in USD. This funding has been awarded, and the NGH2P is now in the project pipeline…

01 Aug

Standard Bank expects profit to increase by 12%

info_e12wt4csObserver Money

Chamwe Kaira Standard Bank Namibia Holdings Limited expects its profit after tax for the six months ended 30 June 2025 to increase by between 8% and 12% compared to the same period last year. Earnings per share (EPS) and headline earnings per share (HEPS) are projected to rise to between 105 and 109 cents, up from 97 cents in 2024. This projection is based on a trading statement issued in line with the Namibia Stock Exchange Listings Requirements, which obliges companies to inform shareholders when results are likely to differ materially from the previous period. The company is expected to…

01 Aug

Govt to make bond interest payment

info_e12wt4csObserver Money

Chamwe Kaira The Namibian government will make an interest payment of N$17 million on 1 August 2025 on bond NAM04, listed under ISIN ZAG000138470. The bond carries a coupon rate of 10.51%, according to a notice issued on the Johannesburg Stock Exchange (JSE). “Since the scheduled payment date falls on a weekend or public holiday, the following business day rule will apply if necessary. FirstRand Bank Limited is the debt sponsor for this issuance,” the announcement said. On 3 February 2025, the government made a similar N$17 million payment on the same bond under the same terms. The government has…

01 Aug

Water supply capacity to increase by 2030

info_e12wt4csObserver Money

Chamwe Kaira The government plans to expand the country's bulk water infrastructure from 1,608 million cubic meters to 2,100 million cubic meters by 2030 to meet growing domestic, agricultural, and industrial needs. The expansion forms part of the sixth National Development Plan (NDP6), which outlines several interventions to improve and diversify water sources. These include building water purification plants, artificial recharge of inland aquifers, and developing pipelines to distribute raw water. “Seawater and brackish water will be desalinated and integrated into the supply system. These efforts will culminate in a resilient bulk water infrastructure network that meets current and future…

01 Aug

Kali appointed to Bank Windhoek board

info_e12wt4csObserver Money

Capricorn Group Limited, a Namibian financial services group listed on the Namibian Stock Exchange (NSX), has announced a keyboard appointment at its major subsidiary, Bank Windhoek Limited. The board has confirmed the appointment of Daniel Kali as an independent non-executive director, effective 25 July. This appointment follows the group’s established nomination policy and has received full regulatory approval. Kali’s addition to the board is expected to strengthen the company’s governance and oversight capabilities. The board has extended a warm welcome to Kali, expressing confidence in the value of his future contributions. Kali is a long-serving executive of the De Beers…

01 Aug

De Beers sale process making progress

info_e12wt4csObserver Money

Chamwe Kaira Anglo American chief executive officer Duncan Wanblad says the formal process to sell De Beers is advancing, despite current challenging market conditions. Anglo is the majority shareholder in De Beers. The update is included in the company’s production report for the second quarter ended 30 June. De Beers operates in partnership with the Namibian government through Namdeb Land operations, Debmarine Namibia, and the Namibia Diamond Trading Company. Rough diamond production in the quarter declined by 36% to 4.1 million carats due to a planned response to lower demand. The group reported that trading conditions remained difficult in the…

01 Aug

Etango progressing towards production

info_e12wt4csObserver Money

Chamwe Kaira Bannerman Energy reported strong progress at its Etango uranium project during the quarter ended 30 June 2025, with key developments across multiple work streams. The company is moving toward a positive final investment decision (FID), depending on market conditions. The Etango project is located in the Erongo region, 30 kilometres southeast of Swakopmund. It holds a uranium mineral resource of 207 million pounds of contained uranium oxide. Bannerman achieved one million lost-time injury-free man-hours in June. Early construction works remain on budget and on schedule. The construction power overhead infrastructure has been erected and connected to the grid.…