Group CEO David Nuyomasaid results demonstratedresilience of the group's diversified business model and financial foundation
Source
“Group chief executive officer David Nuyoma said the results demonstrated the resilience of the group's diversified business model and financial foundation.”
David Nuyoma, Group CEOsaiddisciplined execution and commitment to long-term strategic investments allowed maintaining strong operational momentum despite current interest rate-cutting cycle challenges
Source
“"Our disciplined execution and commitment to long-term strategic investments allowed us to maintain strong operational momentum despite the challenges posed by the current interestratecutting cycle," said David Nuyoma, Group CEO.”
David Nuyomasaidgovernment is responsible for deciding where founding president will be buried
Source
“Nujoma's nephew, David Nuyoma, who is also the Nujoma family's spokesperson, however, yesterday said the government is responsible for deciding where the founding president will be buried.”
Entrepo Finance's loan book fell from N$2.2 billion in 2025 to N$1.7 billion by June 2026 after the government ended its contract with payroll deduction administrator Avril Payment Solutions, disrupting the microlender's ability to issue new loans to civil servants. Despite the decline, Entrepo increased profit by 6% and contributed 14% of parent company Capricorn Group's total profit after tax.
Entrepo Finance's loan book fell from N$2.2 billion in 2025 to N$1.7 billion by June 2026 after the government ended its contract with payroll deduction administrator Avril Payment Solutions, disrupting the microlender's ability to issue new loans to civil servants. Despite the decline, Entrepo increased profit by 6% and contributed 14% of parent company Capricorn Group's total profit after tax.
The diversified financial services group's profit after tax declined 6.4% to N$1.87 billion for the financial year ended 30 June 2026, amid higher funding costs and weaker economic conditions in Botswana, though non-interest income rose 8.3% to N$2.62 billion.
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.
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.
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.
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.