… He has also completed executive education programmes at Imperial College Business School and London Business School.Reporter: Chamwe Kaira WindhoekObserver
Shaanika takes over Chamber of Mines CEO positionNamibia Minute.
Thursday, 21 May 2026
Namibia’s news, on the hour · Est. 2026
Thursday, 21 May 2026
Windhoek—:—London—:—New York—:—Beijing—:—
Namibian press · Person
Chamwe Kaira
In coverage
Verbatim sentences from the source article.
- May 2026
Chamwe Kaira International reserves held by the Bank of Namibia rose slightly to N$51.8 billion at the end of March. …
International reserves increase to N$51.8 billionChamwe Kaira Namibia’s mining sector contracted by 9.4% in 2025 due to lower diamond output, reduced metal production and weaker global demand but still generated N$64.18 billion in sales revenue. …
Mining sector shrinks but generates N$64.2 billion
World & Region
South Africa's inflation rises to 4%, driven by fuel price surge
The News
South Africa's inflation rate rose to 4% in April from 3.1% in March, mainly driven by sharp fuel price increases, with the fuel index rising 18.2% — the largest monthly jump since the CPI series began in 2008. Namibia imports most of its consumer goods from South Africa, making the increase important for local consumers and businesses.
10 hours ago · Windhoek Observer →
Today
South Africa's inflation rises to 4%, driven by fuel price surge
South Africa's inflation rate rose to 4% in April from 3.1% in March, mainly driven by sharp fuel price increases, with the fuel index rising 18.2% — the largest monthly jump since the CPI series began in 2008. Namibia imports most of its consumer goods from South Africa, making the increase important for local consumers and businesses.
10 hours ago · Windhoek Observer →
Vukile Property Fund targets 10–12% dividend growth in 2027
The JSE and NSX-listed real estate investment trust expects funds from operations and dividend per share growth of 9.3% for the 2026 financial year, and forecasts FFO per share growth of 8–10% in 2027. For 2027, Vukile plans to increase its dividend payout ratio from 83% to 85%, which is expected to deliver dividend growth of 10–12%, supported by property expansions in South Africa, Spain and Italy and a 36% stake in Namibian property company MICC Properties.
10 hours ago · Windhoek Observer →
Yesterday
Government rejects unsolicited private borrowing and financing proposals
The Ministry of Finance says infrastructure funding must comply with existing procurement and borrowing laws and cannot be sourced through unsolicited proposals from private entities or their agents, despite acknowledging that such proposals could support national infrastructure development.
20 May 2026 · Windhoek Observer →
Africa Bitcoin upgrades JSE listing to main board in May
Africa Bitcoin Corporation, which is also listed on the Namibia Securities Exchange (NSX), has received approval to move its listing from the JSE Alternative Exchange (AltX) to the JSE main board, effective 22 May. The transfer will include its ordinary shares and preferred shares and forms part of the company's plan to expand on international trading platforms and attract broader investor participation.
20 May 2026 · Windhoek Observer →
Tuesday 19 May
Famous Brands SADC profit drops amid weak regional spending
Famous Brands reported declining profits from SADC operations, with revenue from the region falling 6% to R423 million and operating profit dropping from R51 million to R29 million, driven by weakening consumer spending in Botswana, Zambia and other regional markets. In Namibia, the company operates Debonairs Pizza, Steers, Wimpy, Mugg & Bean, Fishaways and Milky Lane.
19 May 2026 · Windhoek Observer →
Wednesday 13 May
Food prices vary widely across Namibia as April inflation reaches 3.1%
Namibia's annual inflation rate stood at 3.1% in April, down from 3.6% in the same month last year, while monthly inflation rose to 1.1%. Consumers across the country's three zones experienced significant price differences for basic food items including flour, meat, and other staples.
13 May 2026 · Windhoek Observer →
Namibia house price index grew 7.1% in Q1 2026
Namibia's residential property market grew during the first quarter of 2026, with the national house price index increasing 7.1% on a 12-month average basis, though this represents slower growth than the 7.6% recorded at the end of 2025. Luxury housing recorded the strongest growth at 10.8% year-on-year, while transaction volume growth slowed to 10.4% from 17% in the previous quarter.
13 May 2026 · Windhoek Observer →
Swakopmund approves N$704m budget, proposes 5% tariff increase
The Swakopmund Municipality has tabled a combined operational and capital budget of about N$704 million for the 2026/2027 financial year, proposing a 5% increase in municipal service tariffs including water, wastewater, refuse removal and other services, citing rising service delivery costs and inflation.
13 May 2026 · Windhoek Observer →
Friday 8 May
Otjikoto Mine produces 24,529 ounces of gold in Q1 2026
The Otjikoto Mine, in which B2Gold holds a 90% stake, produced 24,529 ounces of gold in the first quarter of 2026, exceeding expectations largely due to better-than-expected ore grades, though this was partly offset by slightly lower mill throughput caused by repairs.
8 May 2026 · Windhoek Observer →
Thursday 7 May
Bank of Namibia keeps repo rate at 6.50%
The Bank of Namibia held its repo rate unchanged at 6.50% on 29 April, citing weak economic activity, slow private sector credit growth, inflation risks and rand strengthening. An FNB economist said easing credit conditions will likely be tempered by elevated borrowing costs, keeping private sector credit growth subdued.
7 May 2026 · Windhoek Observer →
Wednesday 6 May
Shaanika appointed Chamber of Mines CEO from May 2026
Fabian Shaanika, former managing director of Kelp Blue, has been appointed chief executive officer of the Chamber of Mines of Namibia, effective 1 May 2026. He brings experience from mining and resources roles at Namdeb, Vedanta's Skorpion Zinc Mine, Debmarine Namibia, and Rand Merchant Bank Namibia.
6 May 2026 · Windhoek Observer →
Tuesday 5 May
Bank of Namibia's reserves rise to N$51.8 billion in March
The Bank of Namibia's international reserves increased slightly to N$51.8 billion at the end of March, supported by strong inflows of South African rand from commercial banks and customer foreign currency placements. The reserves provided about 3.2 months of import cover and are seen as sufficient to support the Namibian dollar's peg to the South African rand and meet short-term international obligations.
5 May 2026 · Windhoek Observer →
Mining output falls 9.4% but sales reach N$64.2 billion
Namibia's mining sector contracted 9.4% in 2025 due to lower diamond output, reduced metal production, and weaker global demand, yet generated N$64.18 billion in sales revenue. The sector contributed about 14% to GDP, with uranium and gold growth offsetting declines in diamonds and base metals, while government mining revenue increased 39% to N$7.8 billion.
5 May 2026 · Windhoek Observer →