Mobile Telecommunications Limited (MTC) Delivers Robust Revenue Growth, Accelerates Digital Expansion# ISSUE 58-☕

Good morning and welcome to a fresh edition of Revolox Media—your trusted source for the stories shaping Namibia and the world beyond.

In today’s spotlight:

MTC Powers Forward – Mobile Telecommunications Limited (MTC) delivers strong revenue growth as it ramps up its digital expansion strategy.

 NamRA’s Billion-Dollar Quarter – Namibia Revenue Agency (NamRA) collects a staggering N$19.9 billion in the first quarter, edging closer to its annual target.

 Koryx Copper’s Bold Move – The mining sector gets a boost as Koryx Copper launches a N$130 million share offering to accelerate the Haib Project in southern Namibia.

Cybercrime Crackdown – India’s Central Bureau of Investigation (CBI) takes down a major transnational cybercrime syndicate responsible for tech support scams targeting the UK and Australia.

And to kickstart your week, here’s your Monday Motivation:
"This week, transform your mindset from doubt to possibility. As Steve Jobs famously said, 'The only way to do great work is to do what you love. If you haven’t found it yet, keep looking. Don’t settle.' Your dream job is within reach—keep pushing forward."

Stay sharp, stay informed.
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BUSINESS & ECONOMY

Mobile Telecommunications Limited (MTC) Delivers Robust Revenue Growth, Accelerates Digital Expansion

MTC Reports Double-Digit Revenue Growth

Mobile Telecommunications Limited (MTC) has announced a significant 15.8% increase in revenue, reaching N$1.82 billion for the six months ending 31 March 2025—up from N$1.57 billion in the same period last year. The company attributes this strong performance to sustained subscriber growth, improved product uptake, and a solid showing across its diverse service portfolio.

Operational Momentum and Strategic Focus

MTC’s management highlights that this robust growth reflects the company’s ongoing strategy to deepen mobile penetration, expand its digital ecosystem, and strengthen enterprise partnerships. Prepaid services remain the cornerstone of MTC’s mobile business, with revenue in this segment surging by 18%. This was driven by:

• Enhanced bundle offerings

• Improved average revenue per user (ARPU)

• High demand for the flagship Aweh product range

With over 57% of the previous year’s prepaid revenue already achieved in the first half of the current financial year, MTC anticipates that prepaid will outperform last year’s results if current trends persist.

Segment Performance and Enterprise Growth

Postpaid revenue recorded a modest year-on-year rise of 0.3%, while monthly subscription income grew by 4%. The Enterprise Business Unit (EBU) delivered standout results, reporting:

• A 40.1% jump in revenue

• A 51% increase in spectra connections, underscoring rising demand from corporate clients

Device and accessory sales climbed by 23%, buoyed by strong demand for handset upgrades and new financing options. Visitor roaming income grew by 26%, a result of Namibia’s tourism recovery and the establishment of new international roaming agreements.

Strategic Priorities for the Second Half of FY2025

Looking ahead, MTC has outlined several key focus areas for the remainder of the financial year:

• Drive further growth in prepaid revenue

• Accelerate broadband adoption and fibre rollout

• Expand enterprise contracts and pursue high-value regional opportunities

• Monetise digital platforms and enhance channel efficiency

Customer retention, digital engagement, and operational excellence will remain at the forefront of MTC’s strategy as it seeks to consolidate its market leadership and support Namibia’s digital transformation.

The Bottom Line

MTC’s strong half-year performance underscores its effective execution and adaptability in a dynamic market. With a clear focus on innovation, enterprise growth, and digital inclusion, the company is well-positioned to deliver sustained value to shareholders and contribute to Namibia’s economic development.

Source: The Brief

NamRA Nets N$19.9 Billion in Q1, Surges Toward Annual Target

The Namibia Revenue Agency (NamRA) has posted a robust start to the 2025/26 financial year, collecting N$19.9 billion in net revenue during the first quarter—reaching 22.4% of its ambitious annual target of N$88.999 billion.

Revenue Performance and Composition

At the close of June 2025, NamRA’s gross revenue stood at N$22.5 billion. After processing tax refunds totaling N$2.6 billion, the agency’s net revenue for the review period settled at N$19.9 billion.

A breakdown of the net revenue reveals:

• International taxes led the way, contributing N$5.7 billion—28.6% of the total.

• Value Added Tax (VAT) followed at N$5 billion.

• Pay-As-You-Earn (PAYE) brought in N$4.2 billion.

• Corporate Income Tax accounted for N$3.7 billion.

• Other tax categories made up N$1.3 billion.

Domestic taxes generated N$13.6 billion, while customs and excise duties added N$6.3 billion to the fiscal coffers.

Comparative Growth

The latest figures mark a significant leap from the previously reported N$12.78 billion collected between 1 April and 31 May 2025, underscoring NamRA’s momentum as it advances toward its annual target.

Economic Impact and Forward Outlook

NamRA’s strong first-quarter performance signals resilience in Namibia’s revenue collection framework and supports the country’s fiscal stability. The agency’s ability to process substantial refunds while maintaining a high net collection rate reflects operational efficiency and a commitment to transparent tax administration.

As Namibia continues to invest in rural development, public sector reforms, and regional impact initiatives, NamRA’s revenue drive remains central to funding national priorities and sustaining economic growth.

Source: The Brief

Koryx Copper Launches N$130 Million Share Offering to Advance Haib Project in Namibia

Canadian copper developer Koryx Copper Inc. has announced a major capital raise, aiming to accelerate the development of its flagship Haib Copper Project in southern Namibia. The company plans to issue 9,524,000 common shares for gross proceeds of C$10 million (approximately N$130 million), marking a pivotal step in its Namibian and regional expansion strategy.

Capital Raise and Strategic Intent

Koryx Copper president and CEO Heye Daun revealed on Wednesday that the company has entered an agreement with Stifel Nicolaus Canada Inc. to purchase the shares at C$1.05 (N$13.64) each. The offering, set to close around 30 July 2025, is subject to regulatory approvals, including the TSX Venture Exchange.

The shares will be offered via a short form prospectus in both Canada and the United States, broadening the investor base and reinforcing Koryx’s commitment to transparency and compliance.

Leadership and Track Record

Daun, who previously developed the Twin Hills gold mining project near Karibib before its sale to Shanjin International Gold Co Ltd for nearly N$5 billion in 2024, brings a proven track record in Namibian mining. His leadership is expected to drive the Haib project towards production and unlock further value for stakeholders.

Project Overview: Haib Copper

Koryx Copper is focused on advancing its 100% owned Haib Copper Project, a large, advanced copper-molybdenum porphyry deposit with a rich exploration history. The project has seen over 80,000 metres of drilling since the 1970s, with major exploration campaigns led by Falconbridge (1964), Rio Tinto (1975), and Teck (2014). Extensive metallurgical testing and technical studies have been completed, positioning Haib as one of Namibia’s most promising copper assets.

The company is also progressing two copper exploration licences on Zambia’s copper belt, expanding its regional footprint.

Exploration Progress and Technical Milestones

Recent test results from six drill holes, part of the Phase 2 drill programme for 2025, have been encouraging. Daun highlighted:

These near-surface, higher-grade intersections could enhance the overall mineral resource estimate and provide the potential for a shallow, higher-grade starter pit—an important development for project economics.

Looking Ahead: Clean Copper and Local Impact

Koryx’s 2025 strategy targets the production of a clean copper concentrate through conventional crushing, milling, and flotation, with the possibility of additional copper recovery via heap leaching. The company’s focus remains on technical excellence, operational transparency, and contributing to Namibia’s mining sector growth.

Bottom Line:
Koryx Copper’s N$130 million share offering is set to accelerate the development of the Haib Copper Project, strengthen its Namibian operations, and support continued exploration. The move underscores the company’s confidence in Namibia’s mining future and its commitment to delivering value for both investors and the local economy.

Source: The Namibian

TECH

India’s CBI Dismantles Transnational Cybercrime Syndicate Behind Tech Support Scams Targeting UK and Australia

The Central Bureau of Investigation (CBI) of India has announced a major breakthrough in its fight against cybercrime, successfully dismantling a sophisticated transnational cybercrime syndicate responsible for tech support scams targeting citizens in Australia and the United Kingdom. The fraudulent scheme is estimated to have caused losses exceeding £390,000 (approximately $525,000) in the UK alone.

Operation Chakra V: Coordinated Raids and Arrests

On July 7, 2025, as part of Operation Chakra V, the CBI conducted coordinated searches at three locations in Noida, including a fully operational fraudulent call center situated within the Noida Special Economic Zone. The call center, operating under the name FirstIdea, was found to be using advanced calling infrastructure and malicious scripts designed to maintain cross-border anonymity and facilitate large-scale victim targeting.

Two arrests have been made, including a key operative partner of FirstIdea. The CBI highlighted that the operation was meticulously timed according to the victims’ time zones, enabling officers to intercept live scam calls during the raids.

Modus Operandi: Impersonation and Financial Extortion

The syndicate masqueraded as technical support staff from reputable multinational companies such as Microsoft. Victims were falsely informed that their devices were compromised and coerced into paying fees to resolve fabricated technical issues. The UK’s National Crime Agency (NCA) confirmed that more than 100 UK residents fell victim to these scams, which employed spoofed phone numbers and Voice Over Internet Protocol (VoIP) technology to route calls through multiple countries, masking the perpetrators’ locations.

International Collaboration and Impact

This successful disruption is the culmination of 18 months of groundbreaking international cooperation involving the CBI, the UK’s NCA, the U.S. Federal Bureau of Investigation (FBI), and Microsoft. The joint effort focused on identifying the organized crime group and dismantling the IT infrastructure supporting their operations.

The NCA emphasized the deceptive nature of the scams, noting that victims were contacted following alarming screen pop-ups falsely indicating device infections or hacks. Fraudsters posing as Microsoft employees then offered costly software solutions to non-existent problems.

Broader Context: Rising Scam Operations in Southeast Asia

The CBI’s announcement coincides with reports from Nikkei Asia revealing a rapid expansion of scam centers in eastern Myanmar, particularly those involved in cryptocurrency scams. Despite a crackdown earlier this year, at least 16 suspected scam sites have been documented, with construction ongoing at eight locations, signaling a persistent challenge in the region’s fight against cyber fraud.

The Bottom Line

The CBI’s dismantling of this transnational cybercrime syndicate marks a significant victory in combating cross-border tech support scams that exploit unsuspecting victims globally. The operation underscores the importance of international collaboration and advanced investigative techniques in addressing increasingly sophisticated cyber threats.

PERSONAL DEVELOPMENT

This week, transform your mindset from doubt to possibility. As Steve Jobs famously said, “The only way to do great work is to do what you love. If you haven’t found it yet, keep looking. Don’t settle.” Your dream job is within reach—keep pushing forward.