The Brief

The Brief Namibia's leading Daily Business, Finance and Economic News publication

… lending up 25.4%NedNamibia Holdings Limited (NNH Group) recorded a 23.7% increase in profit after tax to N$239 million...
04/09/2026

… lending up 25.4%

NedNamibia Holdings Limited (NNH Group) recorded a 23.7% increase in profit after tax to N$239 million for the six months ended June 2026, supported by higher lending, revenue growth and lower impairment charges.

Profit after tax increased from N$193.3 million in the corresponding period of 2025, while profit before tax rose 25.6% to N$287.7 million from N$229 million.

A major driver of the performance was a sharp expansion in lending, with loans and advances to customers increasing by 25.4% year-on-year to N$13.46 billion from N$10.73 billion.

The increase means the group added about N$2.72 billion to its loan book over the 12-month period. Deposits grew at a slower 10.8% to N$21.47 billion from N$19.38 billion.

https://thebrief.com.na/2026/09/nedbank-namibia-posts-n239m-profit-in-six-months/

President Netumbo Nandi-Ndaitwah has warned against self-interest and the commercialisation of scientific advice in Nami...
04/09/2026

President Netumbo Nandi-Ndaitwah has warned against self-interest and the commercialisation of scientific advice in Namibia’s fisheries sector, calling on stakeholders to put the long-term survival of the industry ahead of immediate commercial interests.

Speaking at the National Fisheries Indaba, Nandi-Ndaitwah questioned why government and industry scientists sometimes arrive at significantly different recommendations despite working within the same scientific field.

She warned against weakening scientific recommendations in an attempt to balance competing economic and social interests, saying the sustainability of Namibia’s marine resources must remain central to fisheries management.

“Therefore, we really need to take science seriously. As the Minister mentioned, I find that we may be diluting science,” Nandi-Ndaitwah said.

https://thebrief.com.na/2026/09/nandi-ndaitwah-warns-against-self-interest-as-namibia-seeks-to-revive-fisheries-sector/

04/09/2026

INCASE YOU MISSED OUR LEAD STORY

Nedbank Namibia has announced strong condensed results for the six months ended June 2026.The NNH Group delivered contin...
04/09/2026

Nedbank Namibia has announced strong condensed results for the six months ended June 2026.

The NNH Group delivered continued growth across key areas of its business, reflecting the resilience of its operating model and its focus on creating sustainable value.

Key highlights include:

🔹 25.4% growth in loans and advances
🔹 23.7% increase in headline earnings
🔹 15.1% return on equity
🔹 62.5% growth in pay-to-account users
🔹 15% increase in digitally active clients

The results demonstrate Nedbank Namibia’s continued commitment to growth, innovation and supporting individuals, businesses and communities across the country.

Namibia’s international reserves increased by N$1.62 billion, or 2.9% month-on-month, to N$58.04 billion at the end of J...
04/09/2026

Namibia’s international reserves increased by N$1.62 billion, or 2.9% month-on-month, to N$58.04 billion at the end of July, driven mainly by higher Southern African Customs Union (SACU) receipts and foreign currency placements by commercial banks, according to IJG Securities.

The reserves increased from N$56.42 billion in June, with currency depreciation and increased gold monetisation providing additional support.

“According to the BoN, the increase was driven by higher SACU receipts and strong Customer Foreign Currency (CFC) placements by commercial banks, with further support from currency depreciation and increased gold monetisation,” IJG said.

The higher reserve position lifted Namibia’s estimated import cover to 3.6 months, rising to 4.0 months when oil and gas-related imports are excluded.

https://thebrief.com.na/2026/09/namibias-international-reserves-rise-n1-62bn-to-n58-04bn/ Ministry of Finance-Namibia

Namibia’s Northern region recorded the country’s highest room occupancy rate of 66.43% in July 2026, outperforming the C...
04/09/2026

Namibia’s Northern region recorded the country’s highest room occupancy rate of 66.43% in July 2026, outperforming the Coastal, Southern and Central regions, according to data from the Hospitality Association of Namibia (HAN).

The Northern region sold 15,971 of the 24,043 rooms available during the month, while bed occupancy stood at 61.47%, with 32,589 of 53,015 available beds sold.

The Coastal region recorded the second-highest room occupancy rate at 65.32%, selling 8,363 of 12,803 available rooms. Bed occupancy stood at 53.33%, with 14,383 of 26,970 available beds sold.

The Southern region followed with a room occupancy rate of 60.25%, selling 12,396 of 20,575 available rooms. Bed occupancy stood at 54.61%, with 23,842 of 43,657 available beds sold.

https://thebrief.com.na/2026/09/northern-region-leads-namibia-hospitality-occupancy-at-66-43-in-july/

A quiet announcement with big implicationsBy Lot NdamanomhataWhen Bank of Namibia Deputy Governor Nicholas Mukasa told r...
04/09/2026

A quiet announcement with big implications

By Lot Ndamanomhata

When Bank of Namibia Deputy Governor Nicholas Mukasa told reporters last week that the central bank has not yet decided whether to push gold reserves beyond an initial 3% target, it may have sounded like a routine technical update.

It isn’t. Namibia is one of a growing list of countries from Poland to Ghana to China that have concluded a hard lesson of the last few years: cash reserves parked in someone else’s currency, in someone else’s banking system, are only as safe as that country’s foreign policy allows them to be.

Gold, sitting in a vault, cannot be frozen by a foreign government or switched off by a payments network.

The Moment SWIFT Stopped Being Neutral

For decades, central banks treated foreign currency reserves mostly US dollars and euros, moved through the SWIFT messaging network as the safest possible asset.

https://thebrief.com.na/2026/09/why-gold-belongs-in-the-vault-lessons-for-namibia-in-a-weaponized-financial-world/

Career Opportunity | Engineer: OperationsOshakati Premier Electric (OPE) is seeking a qualified and experienced Engineer...
04/09/2026

Career Opportunity | Engineer: Operations

Oshakati Premier Electric (OPE) is seeking a qualified and experienced Engineer: Operations to join its team in Oshakati.

The successful candidate will play a key role in the operation and control of OPE’s distribution network, Bulk Solar PV Plant and Solar PV Rooftop Systems, while supporting energy trading and the implementation of electricity safety and operating regulations.

📍 Duty Station: Oshakati
📅 Closing Date: 18 September 2026

Qualified candidates are encouraged to submit their applications via HITO HR’s recruitment portal:
https://recruitment.hitohr.com/jobs

Namibia Water Corporation Ltd (NamWater) is inviting eligible contractors to submit bids for the Construction of the Osh...
04/09/2026

Namibia Water Corporation Ltd (NamWater) is inviting eligible contractors to submit bids for the Construction of the Oshikuku Bypass Pump Station, Pipeline and Stock Watering Supply System.

📌 Procurement Reference: W/OIB/NW-003/2027
🏗️ Procurement Method: International Competitive Bidding – Prequalification Stage
💰 Average Annual Construction Turnover: NAD 70 million
📅 Closing Date: 20 October 2026 at 11:00 Namibian time
💵 Levy: N$1,000.00

Interested bidders can apply in writing to [email protected] and [email protected] to purchase the prequalification bidding documents.

📢 Contractors and construction companies are encouraged to take note of this opportunity and submit their applications before the deadline.

Namibia Water Corporation Ltd (NamWater) invites eligible contractors to submit bids for the Katima Mulilo Purification ...
04/09/2026

Namibia Water Corporation Ltd (NamWater) invites eligible contractors to submit bids for the Katima Mulilo Purification Plant – Design & Build Contract (Yellow Book), including a two-year operation and maintenance period.

📌 Procurement Reference: W/OIB/NW-004/2027
📅 Closing Date: 27 October 2026 at 11h00 Namibian time
💰 Average Annual Construction Turnover: NAD 350,000,000

Interested bidders can obtain the bidding documents by submitting a written application to the contacts provided in the official bid invitation.

Address

Windhoek

Telephone

+264814612969

Website

Alerts

Be the first to know and let us send you an email when The Brief posts news and promotions. Your email address will not be used for any other purpose, and you can unsubscribe at any time.

Contact The Business

Send a message to The Brief:

Shortcuts

Share

Category