The Brief Live Nam

The Thursday Edition of The Brief is out! Catch up on the latest Namibian business and finance news. To get your free daily edition, subscribe by following our WhatsApp Channel here: https://lnkd.in/dDbgrWm8 #namibia #businessnews #finnews

Namibia’s banking sector recorded 10% growth in real value added in the second quarter of 2026, reversing a 4.1% contraction recorded during the corresponding period last year, as deposits increased to N$174 billion. According to the Namibia Statistics Agency’s (NSA) second-quarter GDP report, total banking deposits increased from N$156 billion in the second quarter of 2025 to N$174 billion, an increase of about N$18 billion. “The banking subsector recorded a growth of 10.0% in real value added during the second quarter of 2026, in comparison to 4.1% decline recorded in the same period of 2025,” the NSA said. The banking sector’s recovery was the main driver of growth in the broader financial services sector, which expanded by 5.5% in real value added, compared with a 0.7% contraction a year earlier. https://lnkd.in/dvUMWcP3 #namibia #banking #finances #growth #financialsector Ministry of Finance-Namibia Bank of Namibia FNB Namibia Bank BIC Namibia Standard Bank Namibia Nedbank Namibia Bank Windhoek Bankers Association of Namibia

Paratus Namibia Holdings’ expansion into mobile telecommunications helped lift group revenue by 24% to about N$688 million in the year ended 30 June 2026, but the cost of building the new business continued to weigh on profitability. The telecommunications group generated about N$94 million from its mobile operations during the year, establishing the business as a new source of income alongside its established fibre, connectivity and data services. 10 Tensor 1 OctoBen 2026. Of the mobile revenue, N$49.8 million came from recurring services recognised over time, while N$44.2 million was generated from non-recurring revenue recognised at a point in time. This means mobile accounted for nearly 14% of Paratus’ total revenue during its first full year of contribution, showing the growing importance of the company’s push into a market traditionally dominated by MTC and Telecom Namibia. https://lnkd.in/gRJt4P_6 #namibia #technology #profit #connectivity #revenue MTC Namibia Ministry of Information and Communication Technology (MICT) Telecom Namibia

Finnish businesses could expand their commercial presence in Namibia through digital services, logistics, tourism and consumer goods, as the two countries seek to broaden economic cooperation beyond mining and energy. Finnish Member of Parliament and Chairperson of the Finnish Parliament’s Namibia Friendship Group Ville Valkonen said Namibia’s developing economy offers opportunities for Finnish companies, particularly in sectors where Finland has established technological and infrastructure expertise. “Namibia is a young, dynamic economy. It provides lots of business possibilities for Finland,” Valkonen said. He identified logistics as a key area for cooperation, pointing to Namibia’s efforts to strengthen its role as a regional trade and transport gateway serving neighbouring markets, including Botswana and Zambia. https://lnkd.in/gwYTmfcp #namibia #opportunities #economy #growth #infrastruture Namibia Investment Promotion and Development Board (NIPDB)

Namibia’s long-term insurance industry recorded a 192.6% quarter-on-quarter increase in profit after tax to N$2.5 billion in the second quarter of 2026, driven largely by a sharp recovery in investment income. According to the Namibia Financial Institutions Supervisory Authority’s (NAMFISA) Quarterly Statistical Report, investment income swung from a N$392.2 million loss in the first quarter of 2026 to a N$2.5 billion gain in the second quarter. The investment recovery lifted profit after tax by 77.6% year-on-year, while profit before tax increased by 182% quarter-on-quarter and 77.7% year-on-year to N$2.5 billion. The improved profitability coincided with growth in industry assets, which increased 2.2% quarter-on-quarter and 9.5% year-on-year to N$97.4 billion. NAMFISA attributed the quarterly asset growth to positive performance in current and non-current investment instruments. https://lnkd.in/d2YjXzGn #namibia #finances #investment #insuranceindustry #profit Ministry of Finance-Namibia Old Mutual Namibia SanlamAllianz Namibia Momentum Namibia

Bank Windhoek employees in the bargaining unit are set to receive a 6% salary increase and a 20% increase in their transport allowance following the conclusion of annual wage negotiations with the Namibia Financial Institutions Union (NAFINU). The agreement was concluded on 30 September 2026, with the adjustments effective retrospectively from 1 September 2026 until 31 August 2027. Bank Windhoek Managing Director James Chapman said the agreement followed negotiations between the bank and NAFINU and reflected efforts to recognise employee contributions and support their financial well-being. “The agreement follows focused and constructive engagement between the parties and reflects Bank Windhoek’s commitment to recognising employee contribution, rewarding performance and supporting the financial well-being of its employees,” Chapman said. https://lnkd.in/dnEeU9vs #namibia #banking #salaries #increament #performance Jacquiline Vemunikapi Pack

Nictus Namibia Holdings more than doubled its capital expenditure on property, plant and equipment to N$124.8 million in the year ended June 2026, from N$56.3 million a year earlier, as the group increased investment in its retail and property operations. The group also invested N$222.9 million in investments, up from N$80.9 million in the previous year, while N$84.9 million in construction costs was capitalised on three properties previously classified as investment property. Nictus said the investments in its Property segment and retail subsidiaries affected short-term profitability, but are expected to generate returns in the coming years. The increased investment coincided with a 25.9% expansion in total assets to N$3.30 billion, while cash and cash equivalents increased to N$1.36 billion from N$1.04 billion. https://lnkd.in/dE4XcvUj #namibia #property #operations #investment #expansion

GCR Ratings has affirmed Capricorn Group Limited’s Namibian long-term issuer rating at AA(NA) and Bank Windhoek Limited’s at AA+(NA), with Stable outlooks, citing their strong domestic market positions, sound capitalisation and adequate liquidity. Capricorn’s Namibian short-term issuer rating was maintained at A1+(NA), while Bank Windhoek retained its A1+(NA) short-term rating and South African long-term issuer rating of A+(ZA). “The affirmed ratings on Capricorn Group Limited and its core banking subsidiary, Bank Windhoek Limited, reflect the entrenched market position of the Namibian franchise, sound capitalisation and adequate liquidity,” GCR said. The ratings agency said these strengths were partly offset by Capricorn’s reliance on institutional deposits and weaker financial performance at its Botswana subsidiary, Bank Gaborone Limited, which continues to face pressure from the country’s credit cycle. https://lnkd.in/du82qs2Y #namibia #banking #domesticmarket #capitalisation Marlize Horn (APR) Jacquiline Vemunikapi Pack

By Dylan Mukoroli After years of subdued growth, slowing to around 1.7% in 2025 amid diamond sector weakness and lingering drought effects; the administration under H.E Dr. Netumbo Nandi-Ndaitwah is most determined to hit Ctrl + Alt + Delete on structural bottlenecks and unlock growth opportunities. The goal is not incremental tinkering but a decisive and much needed restart. What is further encouraging is seeing the unlocking of private-sector dynamism in the works of the administration, and building genuine resilience. Once the honeymoon phase is over and things go quiet, this is where the real work starts. https://lnkd.in/d_NgxQZ2 #namibia #economy #growth #opportunities

By Lot Ndamanomhata Namibia's economy grew 4.8% year-on-year in Q2 2026, up sharply from 1.7% a year earlier, according to the Namibia Statistics Agency. That headline number sounds like good news — and in some ways it is — but it answers a narrower question than most people assume. It tells you the size of the economic pie grew faster. It does not tell you who got a bigger slice, or whether life actually got easier for the average person. Growth vs. Development: Why They're Not the Same Thing Economic growthis a quantitative measure — the increase in the total value of goods and services produced (GDP), in this case N$70.6 billion, up N$5.3 billion from the previous year. It's a number. https://lnkd.in/dWZ66SHr #namibia #growth #population #development