Author: Staff Reporter (Staff Reporter )

School chess contest attracts players
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School chess contest attracts players

The Bank Windhoek 2025 School Closed Chess Championships took place on Saturday at Windhoek High School. The event was the grand final for the top three winners from the previously-held zonal tournaments across various regions. With an impressive turnout of 270 players, participants travelled from the far north, south and coastal areas of Namibia. Acting...

Oryx achieves 63% improvement in commercial vacancies
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Oryx achieves 63% improvement in commercial vacancies

Oryx Properties has announced its interim financial results for the six months ended 31 December 2024.  Chief financial officer Francis Heunis stated that “the group delivered strong results in the first half of 2025 and remains well positioned to meet its 2025 corporate strategy. Positive rental reversions, a 63% improvement in commercial vacancies and an...

EU boosts Namibia’s trade capacity 
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EU boosts Namibia’s trade capacity 

The Delegation of the European Union (EU) to Namibia, in partnership with the industrialisation and trade ministry and the Namibian Standards Institution (NSI), officially handed over advanced laboratory equipment to the NSI. The handover took place on 13 February 2025 at the NSI Testing and Inspection Centre in Walvis Bay.  The high-profile event was graced...

AfDB, WB empower Africa’s green transition
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AfDB, WB empower Africa’s green transition

The African Development Bank (AfDB) and the World Bank have jointly announced a groundbreaking initiative that promises to reshape Africa’s energy landscape and accelerate green industrialisation. With the AfDB committing US$18.2 billion (about N$330 billion) and the World Bank pledging up to US$40 billion (about N$725 billion) in financing, this ambitious endeavour is poised to...

Ethiopian Airlines continues to honour women
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Ethiopian Airlines continues to honour women

Ethiopian Airlines, the largest airline in Africa, and one of the fastest-growing airline brands in the world, marked the 2025 International Women’s Day on Saturday, 8 March, by flight operations entirely managed by women, from catering, maintenance, and check-in to lounge services.  These all-women-operated flights departed from Addis Ababa to Bahir Dar, Athens, Delhi, Dubai,...

Letshego profit after tax up 18.5% to N$418 million
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Letshego profit after tax up 18.5% to N$418 million

Letshego Holdings Namibia Limited has reported a total revenue increase of 15% year-on-year and a profit after tax of N$418.8 million, which is an increase of 18.5% from N$353.3 million in 2023.  This is as the latest financial results for the year ended 31 December 2024 indicate Letshego demonstrated remarkable financial resilience and strategic adaptability...

Sanlam reports strong growth in 2024 …with operational earnings per share up 26%
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Sanlam reports strong growth in 2024 …with operational earnings per share up 26%

Sanlam last week reported strong growth in its 2024 annual results.  The results showed the group’s earnings’ growth, shareholder value creation and new business was driven by its three growth pillars, namely South Africa, African economies and India.  The strong earnings’ growth, robust new business volumes and excellent investment returns underpin the increase in the...

Nghitumbwa challenges top super bantamweights
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Nghitumbwa challenges top super bantamweights

One of Namibia’s top world champion prospects, Fillipus “Energy” Nghitumbwa, has challenged leading Super Bantamweight contenders to the ring.  Nghitumbwa, who boasts a record of 17 fights with 15 wins, 13 by knockout, has one goal in mind – to take on the top three WBO contenders and earn a fight against Naoya Inoue. Inoue is...

ScaleUp Namibia to aid startup market access
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ScaleUp Namibia to aid startup market access

Businesses in Namibia’s startup ecosystem face significant challenges in scaling beyond domestic markets.  These hurdles are compounded by limited commercialisation platforms, restricted access to funding and a lack of structured support for entrepreneurs.  As a result, some Namibian innovators struggle to develop and commercialise their ideas locally, with limited cross-border financial transaction capabilities.  This makes...