馃嚦馃嚘NamibiaSouthern Africa
Capricorn Group leads NSX performance with 32.45% share price increase
via The Namibian2 min read
Capricorn Group, which owns Bank Windhoek and Capricorn Asset Management, has demonstrated strong performance on the Namibia Securities Exchange NSX over the past year, with its share price increasing by 32.45%. This growth has significantly benefited shareholders. The company is scheduled to release its results on September 25. The NSX Overall Index saw a 1.06% increase, while the NSX Local Index, tracking local companies, rose by 0.06%. Other companies also experienced positive movements, with Nictus Holdings up 17.24%, Namibia Breweries gaining 11.25%, and Mobile Telecommunications Limited increasing by 10.06%. However, some companies, including Letshego Namibia, Alpha Namibia Industries, and Stimulus Investments, recorded declines. Standard Bank Namibia Holdings saw a smaller gain of 0.37% on the latest trading day and is expected to release its interim financial results on August 12. Beyond the main exchange, Agra and Gondwana also showed positive movements, gaining 13.77% and 12.36% respectively. Globally, South Africa's JSE All Share Index increased by 0.79%, and major US markets like the Dow Jones and S&P 500 ended higher, though Japan's Nikkei Index declined by almost 2%. In Namibia, the annual inflation rate was 4.4% in June 2026, with the repo rate at 6.75% and the prime lending rate at 10.25%. Economic growth was 2% in the first quarter of 2026. Brent crude oil increased by 4.60%, reaching about N$1,303.17 US$79.51 per barrel, and the Namibia dollar weakened sligh
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This summary was AI-generated from a story originally published by The Namibian.
Namibia generated 58.3% of its electricity requirements in May, with domestic power stations providing more electricity than imports, according to the Namibia Statistics Agency NSA. Local power stations produced 290,390MWh, while imports accounted for 207,496MWh, or 41.7% of the total supply. Overall electricity supplied to the domestic economy increased to 497,886MWh in May. The Electricity Sources Composite Index rose 3.3% month-on-month and was 14.7% higher than a year earlier. The Ruacana Hydro Power Station was the dominant domestic source, generating 253,985MWh, which is 87.5% of total local production. Independent power producers contributed 31,625MWh 10.9%, and the Omburu PV Solar Power Station supplied 4,680MWh 1.6%. Despite increased domestic production, electricity imports also rose by 1.8% from April and 34.2% year-on-year. Zambia's Zesco remained the largest external supplier, providing 43.0% of imports, followed by South Africa's Eskom Aggeneis at 31.3%, and the Zimbabwe Power Company at 19.3%. Electricity demand also strengthened, with the Electricity Sales Composite Index increasing by 1.7% month-on-month and 17.0% year-on-year. Local authority electricity distributors were the largest consumers of domestically generated electricity, accounting for 67.4% of sales, with the mining sector consuming 24.5%.
Landless People鈥檚 Movement member of parliament Eneas Emvula has proposed a significant restructuring of the National Assembly to tackle legislative backlogs and delays in critical bills. His proposal, submitted recently, suggests reorganizing weekly sittings to prioritize questions to the executive, committee reports, bills, and motions. Emvula also advocates for increased use of digital systems, including electronic submission for questions and motions, a live digital order paper, and expanded electronic voting to boost efficiency. He stated that these changes would expedite parliamentary business, reduce the growing backlog, strengthen oversight, and improve the legislature鈥檚 effectiveness. Emvula believes the delays are not solely procedural, suggesting potential political motivations within the ruling party. His proposals include dedicating Tuesdays to questions and motions, Wednesdays to ministerial statements, committee reports, bills, and motivated motions, and Thursdays to executive responses. He also suggests a temporary moratorium on new motions, with exceptions for urgent matters, to help clear the existing backlog.
The Namibian Football Association's NFA aspirations to co-host the 2028 Africa Cup of Nations Afcon are dependent on a formal commitment from the government. NFA secretary general Mabos Vries stated that government support is crucial, particularly for ensuring football stadiums are prepared by 2028. This follows an invitation from the Confederation of African Football CAF for Namibia to join a regional bid. If successful, Namibia would co-host the event with South Africa, Botswana, and Zimbabwe as part of a proposed four-country southern African bid. Vries clarified that this Afcon bid is a distinct, medium- to long-term project and should not be confused with operational funding for football. While Namibia meets several of CAF's infrastructure requirements, the main challenge is securing a CAF-compliant stadium. Vries noted that the government's plans to renovate Independence Stadium indicate ongoing efforts, but a firm commitment is still needed. The Ministry of Education, Innovation, Youth, Sport, Arts and Culture allocated N$60 million for the Independence Stadium upgrade and N$23.6 million for other sport facility construction and rehabilitation, including a national high-performance center at the University of Namibia. However, Independent Patriots for Change shadow minister of sport Bertha Nghifikwa-Kambonde warned that recent funding cuts for sport bodies could jeopardize Namibia's Afcon bid and harm the country's sporting reputation.