Capital Markets News in Namibia

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Windhoek Observer

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Agribank forced to bridge N$151m funding gap

Capital Markets

…bank lends over N$250m annually as treasury support averages just N$99m Patience Makwele Agribank is facing a funding squeeze, with the agricultural lender advancing more than N$250 million in new loans each year while receiving an average of only about N$99 million annually from the national treasury. The figures, disclosed in parliament on Thursday, reveal a gap of approximately N$151 million between the bank’s annual lending activity and direct treasury support, forcing Agribank to rely heavily on other funding channels to keep its lending programme going. Agriculture, fisheries, water and land reform minister Inge Zaamwani revealed the figures while responding to questions from NUDO member of parliament Vetaruhe Kandorozu on Agribank’s access to finance, lending policies and governance. Zaamwani said Agribank’s lending programme was financed through a combination of government allocations and money raised from the domestic capital market. According to the minister, the bank has issued more than N$250 million in new loans annually over the past three financial years, while treasury support during the same period averaged approximately N$99 million a year.

Namibia set for greater global investor exposure in JPMorgan frontier index

Capital Markets

Staff Reporter NAMIBIA is set to gain greater exposure to international investors through JPMorgan’s new frontier-market local-currency government bond index, which will track nearly US$330 billion in sovereign debt across 26 developing economies. The JPMorgan Government Bond Index-Emerging Markets (GBI-EM Edge) is expected to launch by the end of September and will include Namibia alongside 25 other countries, placing the country within a benchmark designed to attract global institutional investment into frontier debt markets. The index will cover local-currency government bonds from Albania, Angola, Bangladesh, Botswana, Côte d’Ivoire, the Dominican Republic, Egypt, Georgia, Ghana, Jamaica, Jordan, Kazakhstan, Kenya, Morocco, Namibia, Niger, Nigeria, Pakistan, Paraguay, Senegal, Sri Lanka, Tunisia, Uganda, Uzbekistan, Vietnam and Zambia. JPMorgan’s Global Index Research report indicates that African economies will account for almost 45% of the index, giving the continent the largest regional representation.

Oryx targets disciplined growth as portfolio tops N$5bn

Capital Markets

CHAMWE KAIRA Oryx Properties says it remains focused on disciplined capital allocation and resilient operating performance as it continues to optimise its property portfolio and selectively pursue new development opportunities. The group’s portfolio strategy includes the ongoing development of Goreangab Mall, as well as newly secured sites in Walvis Bay and Lüderitz. It said its loan-to-value (LTV) ratio remained well contained at 41%, while continued access to capital markets supported its funding position. During the financial year ended June, the group successfully issued new notes under an enlarged N$1 billion Domestic Medium Term Note Programme. The group said the combination of disciplined capital allocation, portfolio optimisation and access to funding positions it to continue delivering sustainable value to unitholders. The Namibian economy is projected to grow by 2.1% in 2026 and 2.8% in 2027, recovering from 1.7% in 2025 and against a backdrop of projected economic growth, Oryx Properties says it remains focused on disciplined capital allocation, resilient operating performance and portfolio optimisation, while selectively advancing developments in Goreangab Mall, Walvis Bay and Lüderitz.

20 days ago

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Capital Markets News in Namibia

Agribank forced to bridge N$151m funding gap

Namibia set for greater global investor exposure in JPMorgan frontier index

Oryx targets disciplined growth as portfolio tops N$5bn

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