Diversified financial services group listed on Namibia Securities Exchange, operating across Namibia and Botswana with subsidiaries including Bank Windhoek and Capricorn Asset Management.
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February 2026
The Namibian
Capricorn Groupannounced the suspension ofthe Capricorn Schools Netball League for the upcoming season
Source
“Capricorn Group chief brand and corporate affairs officer Marlize Horn has announced the suspension of the popular Capricorn Schools Netball League for the upcoming season.”
Capricorn Grouprecorded price return of26.58% in 2025
Source
“Data from Cirrus shows that Standard Bank Holdings (SBN) recorded the highest price return of 33.7%, followed by Capricorn Group at 26.58% and FirstRand Namibia rising 17.2%.”
Capricorn Groupannounced sponsorship forthe u19 women's cricket team
Source
“Last week, the Capricorn Group further strengthened its commitment to developing women's cricket in Namibia when it announced a sponsorship for the u19 women's team, which brings its total sponsorship for women's cricket to N$1,4 million since its inception in 2021.”
“One headline in The Namibian (1 March) declared 'Shiiimi's plan to spend N$100 billion' while underneath it another read 'Capricorn Group's loan book grows to N$48,9b'.”
President Netumbo Nandi-Ndaitwah has warned that Namibia must be cautious about taking on international debt and should instead prioritize mobilizing capital within the country to finance development. During a meeting with Capricorn Group, the financial services company outlined its loan and advances portfolio exceeding N$40 billion and its commitment to invest in sectors including oil and gas and SMEs.
President Netumbo Nandi-Ndaitwah has warned that Namibia must be cautious about taking on international debt and should instead prioritize mobilizing capital within the country to finance development. During a meeting with Capricorn Group, the financial services company outlined its loan and advances portfolio exceeding N$40 billion and its commitment to invest in sectors including oil and gas and SMEs.
Capricorn Group and Imago Dei held a ceremony in Windhoek to recognise 35 community leaders from across Namibia, with certificates of appreciation presented by Emma Kantema, minister of gender equality and child welfare. The event themed "Service Beyond Self: The Power of Everyday Heroes" recognised leaders advancing food security, child protection, early childhood development, women's livelihoods and community support.
Entrépo Finance, a microlender that relied on government payroll deductions for civil servants, has stopped granting new loans after the Ministry of Finance ended its payroll deduction management system in November. The company, 55.5% owned by Capricorn Group, has retrenched close to 20 employees and has not approved a new loan in more than six months, according to sources.
Namibia's women's cricket team won all six group matches in the Capricorn Women's T20 Quadrangular tournament but fell short in the final, losing to Uganda by 17 runs while reaching 129/6 in chase of 146. Despite the loss, Namibia won two matches each against Uganda, Hong Kong and Tanzania, with captain Sune Wittmann claiming the batter of the tournament award (238 runs at 47.60 average) and Mekelaye Mwatile winning both bowler of the series (8 wickets at 5.65 economy rate) and player of the series awards.
The Medical Association of Namibia's 45th Annual Medical Congress, held in Windhoek from 10 to 11 July under the theme "Wellness in Medicine," brought together healthcare professionals to discuss physical, emotional, professional and financial well-being in the health sector, with particular emphasis on financial pressures including practice management, equipment costs and retirement planning.
Namibia's social challenges require coordinated, evidence-led corporate social investment rather than fragmented goodwill efforts. The Capricorn Foundation backs the Mukopano initiative, a platform that convenes funders, implementers and communities to coordinate social investment across the country.
The Capricorn Foundation argues that Namibia's social challenges require coordinated, evidence-led corporate social investment rather than fragmented giving, and supports the Mukopano initiative as a platform for funders, implementers and communities to collaborate on social investment across the country.
Capricorn Group, which owns Bank Windhoek and Capricorn Asset Management, has been a top performer on the Namibia Securities Exchange with a 32.45% share price increase over the past 12 months. The NSX Overall Index rose 1.06% over the latest trading week, with mixed performance across listed companies.
The Namibian Securities Exchange closed marginally higher on 6 July, with the NSX Local Index rising 0.04% and the NSX Overall Index advancing 0.63%, driven by gains in banking and investment counters including SBN Holdings, Capricorn Group, and FirstRand Namibia.
President Netumbo Nandi-Ndaitwah said Namibia's unemployment, poverty and inequality require collective action from citizens, businesses and communities, not government action alone. She called for active participation in nation-building and urged citizens to engage in community development and national dialogue.
Capricorn Group has renewed its partnership with Cricket Namibia, committing N$1.2 million over two years (June 2026 to May 2028) to support the national women's team, Under-19 women's squad, girls' cricket festivals, and girls' schools league.
Capricorn Group renewed its partnership with Cricket Namibia, extending sponsorship of women's cricket by N$1.2 million over the next two years. The company will continue as naming partner to the national women's team (Capricorn Eagles), the u19 team, girls cricket festivals, and girls schools league until May 2028.
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.
The Government Institutions Pension Fund paid its board of trustees chairperson Penda Ithindi N$114,000 for attending three meetings in two months, and Napwu general secretary Petrus Nevonga N$92,163 during the same period, according to payroll records reviewed by The Namibian. The payments have revived concerns that clustered board and sub-committee meetings have become a parallel income stream for trustees already drawing civil service or union salaries.
The NSX Overall Index rose 1.51% on dual-listed counter gains, while the local index edged up 0.04%. Internationally, the JSE All Share Index fell 1.37%, the Dow Jones eased 0.36%, and the FTSE 100 declined 0.19%, though Asian markets were mixed. Brent crude edged higher to around US$105.12/bbl, while gold weakened 0.27% and platinum fell 0.82%.
The Capricorn Foundation and Bank Windhoek have launched the 2026/2027 Emerging Bankers Programme, which provides 13 young Namibians with 18 months of workplace exposure, certified training and mentoring, funded with N$3.24 million. The programme, which started in 2024, targets school leavers from small towns and remote areas lacking access to tertiary education and aims to address youth unemployment in the financial services sector.
An opinion piece criticizes Namibia's 2026 budget for adhering to austerity and neo-classical economics rather than pursuing structural economic transformation. The authors argue that the government should instead implement expansionary policies, industrialisation, public investment in social sectors, and democratic economic controls to address unemployment and inequality.
Namibia's Capricorn Group reported interim profit after tax of N$920 million for the six months ended 31 December 2025, a 4% increase from the prior year, as it navigates interest rate cuts, rising credit impairments, and higher operating costs. The group is shifting toward non-interest income sources, with such earnings now comprising 48.8% of total income, while managing a 53% jump in credit impairment charges and a 9% rise in non-performing loans.
As Finance Minister Ericah Shafudah tables the national budget, analysts warn that rising debt-to-GDP ratios and constrained fiscal space pose sustainability challenges, while economists call for policy clarity, strategic investment in education and infrastructure, and balanced spending to address unemployment and weak growth.
Capricorn Group says it will continue supporting Namibia's senior national women's cricket team, the Capricorn Eagles, and is partnering with Cricket Namibia to develop young female cricketers through talent identification roadshows and grassroots programmes.
Economists warn that weaker-than-expected revenue collections will limit government spending and create difficult policy trade-offs, with limited fiscal space and elevated expenditure demands requiring disciplined management to keep the deficit within preferred levels. The upcoming budget is expected to clarify fiscal policy direction and investment frameworks while balancing revenue performance with expenditure commitments through improved resource prioritisation and efficiency.
The Economic Association of Namibia convened a public discussion on the upcoming National Budget, with economists emphasizing the need for growth to become more inclusive and highlighting the oil and gas sector's role in addressing unemployment and inequality. Panellists discussed tax incentives for venture capital and public-private partnerships as mechanisms to unlock investment and support entrepreneurship.
Capricorn Group has ended its Schools Netball League, which ran since 2019, citing concern that the competition's structure unintentionally excluded talented schools unable to afford travel costs. The company is working with the Namibia Schools Sport Union to develop a more equitable national schools netball framework.
Capricorn Group has suspended its Capricorn Schools Netball League, citing concerns that the current structure favours schools able to afford travel costs while excluding talented teams facing financial constraints. The company said the league will be reassessed to ensure equal access for all schools, with a workshop held in January to develop a more equitable framework.
Banking and telecommunications stocks led gains on the Namibia Securities Exchange in 2025, with Standard Bank Holdings, Capricorn Group, and FirstRand Namibia recording the highest price returns, although overall trading activity remained subdued as the second-lowest year for local value traded since 2012.