Oceana Group has disputed reports that its Lucky Star cannery in South Africa is closing, stating that operations have only been temporarily consolidated due to fish supply shortages. The company moved operations from its Amawandle facility to Lucky Star at St Helena Bay to protect workers' jobs amid difficulties sourcing sufficient fish stock.
3 June 2026 · The Namibian →
The central bank governor told parliament that reducing high banking fees will take time as new regulations are implemented, though he expects significant progress within three years. Banks earned N$5.0 billion from fee income last year, representing 31.3% of their total income.
3 June 2026 · The Namibian →
Finance minister Ericah Shafudah said the implementation of the Financial Institutions and Markets Act on 1 May marked a significant step in modernising the regulation of Namibia's non-banking financial sector. The act, passed in 2021 alongside the Namfisa Act, establishes a modern regulatory framework designed to strengthen oversight of financial institutions, improve market confidence and support sustainable growth, with over 150 regulations and standards developed through stakeholder consultations between 2021 and 2025.
3 June 2026 · The Namibian →
First Capital chief executive Laina Amutenya rejected allegations that the company deducted nearly N$48 million in unlawful project management fees from a 300-house Grootfontein project, stating the company operates in accordance with contractual obligations and applicable laws. Amutenya cautioned against incomplete reporting on matters subject to judicial determination.
3 June 2026 · The Namibian →
An independent investigation by South Africa's Railway Safety Regulator into a Rovos Rail passenger train derailment near Keetmanshoop on 1 March has reinforced the need for continued improvements in rail safety and operational systems. TransNamib says recommendations from the report will be reviewed and incorporated into ongoing safety enhancement programmes.
3 June 2026 · The Namibian →
The Independent Patriots for Change has accused the government of monopolistic tendencies after the Minister of Mines and Energy announced Vitol Bahrain E.C. as Namibia's sole supplier of bulk petroleum products from July to September 2026. The three-month deal is expected to save the country about N$1 billion, though the Namibian Competition Commission earlier found Vitol controlled an estimated 75% to 85% of the intra-wholesale fuel market.
3 June 2026 · Informanté →
TransNamib has received an independent investigation report from South Africa's Railway Safety Regulator into a March 2026 Rovos Rail derailment south of Keetmanshoop that killed two people, caused when rains washed away sections of track. The report findings were presented to TransNamib leadership and union representatives, but the operator has not yet shared the conclusions publicly.
3 June 2026 · Informanté →
Shanapinda, who led Telecom Namibia for six years, has been appointed to lead an organisation responsible for promoting regulatory harmonisation and cooperation among communication regulators in the Southern African Development Community. A new chief executive will be recruited once Telecom Namibia's new board starts on 3 June.
3 June 2026 · The Namibian →
Namibia's banking sector continues to draw investors, though earnings quality differences among listed banks are now structural rather than cyclical, according to Simonis Storm's Banking Report 2026. FirstRand Namibia is identified as the preferred banking stock, while Standard Bank Namibia received an accumulate rating and Capricorn Group a reduce rating pending improvements in key indicators.
3 June 2026 · Windhoek Observer →
The Municipality of Swakopmund is pursuing multiple housing, land servicing and infrastructure projects under its 20-Year Structure Plan to accommodate growth and address informal settlement housing needs. Land parcels for low, middle and high-income residential developments have been identified and submitted for approval expected in 2026, while the municipality also progresses commercial township and precinct development projects.
3 June 2026 · Windhoek Observer →
Namibia's headline inflation rose to 3.1% year-on-year in April from 2.1% in March, driven by higher transport costs following fuel price increases linked to Middle East tensions. FNB Namibia warns inflationary pressures are likely to persist, with further strain dependent on geopolitical developments that could push transport and food prices higher.
3 June 2026 · Windhoek Observer →
Mediclinic Holdings Limited reported group adjusted revenue of US$842 million, up 11%, with EBITDA margin improving to 15.7%, as Remgro prepares to acquire full ownership of Mediclinic Southern Africa including Namibian operations for US$950 million.
3 June 2026 · Windhoek Observer →
Momentum Group reported a 15% increase in normalised headline earnings to N$5.54 billion for the nine months ended 31 March 2026, with Namibia's operations contributing strongly to growth in life insurance, new business volumes and contractual service margins across African operations. Momentum Africa, which includes Namibia, Botswana and Lesotho, recorded a 60% increase in earnings to N$304 million, driven by strong investment income, improved operating profits and positive changes in economic assumptions.
3 June 2026 · Windhoek Observer →
Headline inflation jumped to 3.1% in April from 2.1% in March, primarily driven by transport costs reflecting currency depreciation and higher global fuel prices. With the repo rate held at 6.50%, real interest rates have fallen, supporting credit demand but eroding household purchasing power.
3 June 2026 · Windhoek Observer →
Telecom Namibia CEO Dr Stanley Shanapinda will step down from the state-owned telecommunications company on 1 July after accepting a senior regional appointment with CRASA (the Communications Regulators Association of Southern Africa).
3 June 2026 · Namibian Sun →