Erongo RED and NAMITVEST Partner to Build Generational Wealth for Employees- ISSUE # 83

🌟 Happy New Month, Fam! 🎉 It’s the first week of October – a month that promises growth, surprises, and maybe even a few secrets (looking at you, KFC 👀🍗). As the year sprints toward the finish line, big moves are shaping industries and futures alike.

This week, Erongo RED and NAMITVEST are teaming up to secure generational wealth for employees, while Wia Gold’s Kokoseb Project shows jaw-dropping returns in Namibia’s mining space. The Namibia Agronomic Board is digging deep with a N$250 million commitment to boost the crop value chain, while tech giants Samsung and SK Hynix are gearing up to fuel OpenAI’s ambitious $500 billion Stargate project. And just when you thought you had your favorites locked in, KFC Africa teases the reveal of its legendary secret recipe.

🍂 October is here, full of promise – and Revolox is here to bring you the stories that matter, with a dash of flavor!

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BUSINESS & ECONOMY

Erongo RED and NAMITVEST Partner to Build Generational Wealth for Employees

Erongo RED has formalized a payroll deduction agreement with NAMITVEST aimed at boosting financial inclusion and long-term prosperity for its workforce. The partnership was sealed at a signing ceremony at Erongo RED’s Head Office in Walvis Bay.

Key Highlights:

• Inclusive Investment Opportunity:

  • The initiative enables Erongo RED employees, particularly members and former members of the Mineworkers Union of Namibia (MUN) and their dependents, to invest automatically in Just Transition Investment (JTT) Namibia Limited via salary deductions.

  • This platform offers a structured way for employees to build personal wealth, acquire assets, and participate in the company’s growth.

• Financial Security and Growth:

  • NAMITVEST’s Principal Officer, Jason Kasuto, emphasized the scheme’s role in securing financial futures through systematic asset building and investment returns.

• Company Commitment:

  • Erongo RED CEO Immanuel !Hanabeb—in remarks delivered by Executive Manager Claude Tjizo—highlighted the company’s dedication to not only reliable electricity supply but also enhancing employee socio-economic welfare.

• Union Support:

  • George Ampweya, General Secretary of MUN, welcomed the move as strengthening employer-employee relations and fostering a culture of shared success.

  • Dividends to employee shareholders will be transparently distributed to encourage long-term financial planning.

• Building Ownership and Legacy:

  • The partnership reflects a joint commitment to broaden investment opportunities for employees and their families.

  • Payroll deduction simplifies investing and enhances employee connection to Erongo RED, laying the groundwork for generational wealth and financial security.

The Bottom Line:

Erongo RED and NAMITVEST’s collaboration represents a forward-thinking approach to employee wealth creation in Namibia, blending financial inclusion with corporate responsibility. By integrating investment opportunities into payroll, the initiative empowers workers to build assets and secure futures, ultimately strengthening community resilience and ownership in Namibia’s energy sector.

Source: BusinessExpress 

Scoping Study Confirms High Return Potential for Wia Gold’s Kokoseb Project in Namibia

Wia Gold Limited has announced promising results from its scoping study for the Kokoseb Gold Project in Namibia, projecting strong production and robust financial returns.

Key Highlights:

• Production Forecast:

  • The project is expected to produce 177,000 ounces of gold annually for the first five years and then 146,000 ounces per year for the remainder of its 11-year mine life.

  • Mining will be conducted via open-pit methods with carbon-in-leach processing.

• Financial Metrics:

  • At an average gold price of $2,600/oz, the after-tax net present value (NPV) is $646 million with an internal rate of return (IRR) of 38%.

  • If gold prices rise to $3,450/oz, the project’s NPV jumps to $1.26 billion and the IRR climbs to 60%.

  • Payback period is under two years in both scenarios.

• Resource Growth and Exploration:

  • The Kokoseb resource remains open along strike and at depth, signaling future growth potential.

  • Seven drill rigs are currently active, with plans to release a maiden underground mineral resource estimate by mid-2026.

• Project Development:

  • Wia Gold has submitted the scoping study to Namibia’s Ministry of Mines and Energy, enabling it to apply for a mining license.

  • An environmental impact assessment is scheduled for early 2026.

  • Work on a definitive feasibility study is underway, expected for publication in mid-2026.

The Bottom Line:

Wia Gold’s Kokoseb project emerges as a high-return, long-life gold mine poised to contribute significantly to Namibia’s mining sector. Strong economic indicators, combined with ongoing exploration and development plans, position Kokoseb as one of southern Africa’s key new gold assets. The project promises rapid payback and robust value across a range of gold price scenarios, underscoring its investment appeal

Source: BusinessExpress

Namibia Agronomic Board Commits N$250 Million to Crop Value Chain Development in New Five-Year Plan

The Namibia Agronomic Board (NAB) has unveiled its Integrated Strategic Business Plan (ISBP) for 2025-2030, with a focused investment of N$250 million over five years aimed at advancing crop value chain development.

Key Highlights:

• Growth and Self-Sufficiency Targets:

  • The plan aims to boost grain self-sufficiency to 60%.

  • Horticulture exports are targeted for 60% growth.

  • Regulatory compliance is set to reach 97% across the sector.

• Financial Stability:

  • NAB projects a healthy financial outlook with expected surplus of around N$100 million despite planned investments.

• Building on Past Success:

  • The ISBP builds on five years of progress with an overall performance rating of 91%.

  • Agronomy and horticulture development achieved 93% success.

  • Regulatory framework implementation hit 90%, with operational excellence at 91%.

• Regulatory Strengthening:

  • NAB earned GlobalG.A.P. verification and ISO accreditations (ISO/IEC 17020 and ISO 9001) in 2023 and 2024.

  • The Board secured Third Country Approval from the EU, opening new export avenues.

• Digital Transformation:

  • The plan emphasizes 100% digitalisation of processes with tools such as NAB E-Crop mobile app, online permit systems, NAB AMID for border management, and NAB SMART HR for workforce management.

• Strategic Focus Areas and Targets:

  • Agronomy and horticulture: Increase primary market share to 56%, achieve self-sufficiency and export growth targets, and fully execute the Crop Value Chain Development Strategy.

  • Regulatory compliance: Attain 97% compliance with global standards like GAP and ISO.

  • Operational excellence: Maintain unqualified audits, fully digitized work processes, and allocate at least 1% of income toward employee development.

• Research and Development:

  • NAB’s crop R&D programs include trials on sesame, French potatoes, white maize, pearl millet, wheat, and bananas to bolster local production and diversification.

• Industry Support and Collaboration:

  • NAB pledges continued support to complement government efforts in strengthening Namibia’s agronomy sector and driving sustainable growth.

The Bottom Line:

NAB’s Integrated Strategic Business Plan outlines a comprehensive roadmap to enhance Namibia’s crop sector competitiveness through investment, regulation, digital innovation, and research. With ambitious targets for self-sufficiency, export growth, and operational excellence, the Board is positioning Namibia to reduce import reliance and unlock the full potential of its agronomic industry for economic transformation.

Source: The Brief

TECH

Samsung Electronics and SK Hynix Sign Agreements to Supply Memory Chips for OpenAI’s $500 Billion Stargate Project

Samsung Electronics and SK Hynix have signed letters of intent to supply advanced memory chips for OpenAI’s ambitious Stargate initiative, aiming to build next-generation AI data centers in the United States.

Key Highlights:

• Strategic Partnerships:

  • Announced following OpenAI CEO Sam Altman's meeting with South Korean President Lee Jae Myung and the chairmen of both Samsung and SK Hynix in Seoul.

  • Samsung and SK Hynix will supply AI-specific memory chips critical for OpenAI’s data centers under the multibillion-dollar Stargate project.

• Production and Demand:

  • OpenAI expects to order around 900,000 semiconductor wafers by 2029 to meet the surging demand for AI infrastructure.

  • The initial plan includes joint ventures with Samsung and SK Hynix to develop two AI data centers in South Korea with 20 megawatts capacity.

• Technology Focus:

  • Samsung Electronics will provide a range of memory solutions, likely including high-bandwidth memory (HBM), which optimizes space and power efficiency for AI accelerators like GPUs.

  • SK Hynix, a leading HBM supplier, will ensure scalable manufacturing capacity to support OpenAI’s massive chip requirements, reportedly exceeding twice the current global wafer production capacity.

• Extended Samsung Involvement:

  • Samsung affiliates Samsung SDS, Samsung C&T, and Samsung Heavy Industries will collaborate with OpenAI on data center operation, enterprise AI services, and pioneering floating offshore data centers to reduce cooling costs and carbon emissions.

• Market and Economic Context:

  • The global data center market is projected to grow from $386.7 billion in 2025 to over $1 trillion by 2034, with memory semiconductors expanding at an annual growth rate of 14%.

  • This partnership bolsters South Korea’s position as a critical supplier and innovator in the global AI infrastructure space.

The Bottom Line:

Samsung and SK Hynix’s commitment to supplying cutting-edge memory chips and partnering on AI infrastructure projects with OpenAI’s Stargate initiative signals a massive growth opportunity. It reinforces South Korea’s leading role in the global semiconductor market, supporting the explosive expansion of AI technologies powered by advanced data centers worldwide.

Source: Reuters

EVENT

KFC Africa Shocks Industry by Announcing Reveal of Its Secret Recipe

In an unprecedented move shaking the quick-service restaurant scene, KFC Africa has announced it will unveil the long-guarded secret recipe behind its iconic fried chicken.

Key Highlights:

• Legendary Secret:

  • The recipe, known only to a select few within the company, has been fiercely protected for decades.

  • It has spawned attempts by competitors to replicate it and countless theories fueled by social media speculation.

• Historic Reveal Date:

  • KFC Africa will publicly share the full recipe on Wednesday, 8 October 2025.

• Reason for Disclosure:

  • Grant Macpherson, Chief Marketing & Digital Officer, said the company believes revealing the recipe will benefit everyone by putting the mystery to rest.

  • Official explanation behind the decision will be provided on the day of the reveal.

• Customer and Industry Reactions:

  • There is widespread speculation about the timing and potential impact on KFC’s brand mystique, especially as it remains South Africa’s largest quick-service restaurant.

  • Macpherson expressed confidence that the brand’s allure will remain intact despite the disclosure.

The Bottom Line:

KFC Africa’s bold decision to share its secret recipe challenges decades of secrecy in the fast-food sector. While the move risks altering the brand’s mystique, it may deepen customer trust and engagement by embracing transparency. October 8 will mark a historic moment not just for KFC Africa but for the global quick-service industry.

Source: BusinessExpress