MTC Revenue Surges to N$1.82 Billion, Prepaid Drives Growth - ISSUE #52☕

Good Morning. Welcome to your Wednesday edition. Here is what you need to know to power through the day:

Featured Stories:

• TaTe Diamonds Shines in Atlanta: TaTe Diamonds opened a US showroom, showcasing Namibian ocean-mined gems with a three-stage supply chain. The Ezimo Collection celebrates heritage.

• MTC Revenue Soars: MTC hit N$1.82 billion in revenue, up 15.8%, with N$1.1 billion from prepaid users. Profit reached N$503.8 million, and a N$352.7 million dividend is set for June.

• Namaloe Goes Global: Namaloe Products, led by Risto Ashikoto, will showcase Kalahari Melon Oil at the China-Africa Expo in June. A 2023 award-winner, it’s set to boost jobs and rural growth.

• NBL Backs Rugby: Namibia Breweries renewed its deal with the Namibia Rugby Union, with Windhoek Beer fueling unity and development.

• Ovaherero Chief Dispute: Vipua Kapuuo is challenging Bethold Mutjinde’s paramount chief claim in court, citing customary law after Vekuii Rukoro’s death in 2021.

Enjoy the read and have a blessed and productive rest of the week! ☕

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BUSINESS & ECONOMY

TaTe Diamonds Unveils Flagship Showroom in Atlanta, Showcasing Namibian Craftsmanship

A New Chapter for Namibian Diamonds in the US

Fully Namibian-owned TaTe Diamonds has opened its first fine jewellery showroom in Atlanta, United States, marking a significant milestone for the country’s diamond industry. At the launch event, founder Tangeni Shiimi yaShiimi emphasized that the showroom offers clients a direct experience of the rarity, beauty, and artisanal skill behind Namibian diamonds.

Streamlined Journey from Ocean to Showroom

Unlike the industry norm of 15 touch points, TaTe Diamonds follow a simplified three-stage process before reaching customers. Diamonds are sourced from Namibia’s ocean by Debmarine and mined on land by Namdeb, traded through the Namibia Diamond Trading Company, expertly cut and polished in Windhoek, and certified by the Gemological Institute of America (GIA).

Celebrating Heritage: The Ezimo Collection

The launch also featured the debut of the Ezimo Collection, inspired by the Oshiwambo phrase “My People. My Clan. My Family. Our Collective.” Shiimi yaShiimi described the line as a tribute to Namibian cultural heritage, unity, and pride.

The Bottom Line

TaTe Diamonds’ Atlanta showroom is more than a retail space—it’s a celebration of Namibian excellence, heritage, and global ambition. With a streamlined supply chain and a focus on authenticity, the company is setting new standards for the international diamond market.

Source: The Namibian

MTC Revenue Surges to N$1.82 Billion, Prepaid Drives Growth

Mobile Telecommunications Limited (MTC) has reported a robust financial performance for the six months ended 31 March 2025, with revenue climbing to N$1.82 billion—a 15.8% increase from the previous period.

Prepaid and Data Demand Fuel Gains

Prepaid customers remain the backbone of MTC’s business, contributing N$1.1 billion to the total revenue. Heightened demand for high-speed data and value-added services, especially among prepaid and enterprise clients, propelled the company’s growth.

Profit and Segment Performance

• Profit after tax reached N$503.8 million.

• Messaging services generated N$35.6 million.

• Handset and accessory sales added N$170.4 million.

Cost Efficiencies and Regulatory Impact

Direct costs declined by 13.1%, largely due to a once-off expense of N$58.4 million in the previous year following a Supreme Court ruling on regulatory levies. The introduction of a universal levy (0.5% of revenue) and a 315% increase in the numbering licence fee (N$1.4 million) partially offset these savings.

Dividend Declared

Shareholders can expect a dividend payout of N$352.7 million (47.03 cents per ordinary share), declared on 5 June 2025, pending payment.

Strategic Focus for 2025

MTC is prioritising:

• Driving prepaid revenue

• Accelerating broadband adoption

• Expanding enterprise contracts

• Monetising digital platforms

The company will also intensify fibre roll-out and boost installation capacity, while advancing efforts to provide holistic financial services for the underbanked and unbanked. Strategic partnerships are in progress to enhance the MTC Maris platform with additional services.

The Bottom Line

MTC’s strong half-year results underscore the company’s leadership in Namibia’s mobile sector, with prepaid and data services at the core of its growth strategy. As it invests in digital innovation and financial inclusion, MTC is poised for continued momentum in the second half of 2025.

Source: The Namibian

Namaloe Products Takes Namibian Innovation Global at China-Africa ExpoHomegrown Cosmetics Brand Steps onto World Stage

Namaloe Products, a Namibian natural cosmetics and home care brand founded by Risto Ashikoto in 2019, is set to represent Namibia at the China-Africa Economic and Trade Expo from June 12 to 15 in Changsha City, China. The company, operating under Risto Trading Enterprises CC, is among 20 local firms selected to showcase Namibian innovation on an international platform.

“A Dream Realised”: Local Ingredients, Global Ambitions

Specialising in products made from indigenous resources like aloe vera and Kalahari melon oil, Namaloe’s selection is hailed by Ashikoto as a major milestone. “To be selected to participate in the China-Africa Economic and Trade Expo is a great milestone for us,” he said. “It’s not an invitation – it’s a dream realisation of opening Namibian-produced products into international markets.”

Kalahari Melon Virgin Oil: Namibia’s Skincare Gold

At the expo, Namaloe will launch its flagship product, Kalahari Melon Virgin Oil. The refined oil has already made waves, winning awards at the 2023 BRICS Youth Innovation Summit and securing a three-year offtake deal to supply 10 tonnes monthly to a Chinese buyer. Ashikoto describes it as “Namibia’s natural gold for the skincare market,” with the potential to drive rural development, support local industries, and foster national pride.

Impact Beyond Borders: Jobs, Training, and Rural Growth

Manufactured in Windhoek and Ondangwa, Namaloe is committed to uplifting youth and women through job creation and skills training. The company envisions that by 2030, 60% of Namibians will use locally produced oil, reducing reliance on imports. To achieve this, Ashikoto is seeking investment and partnerships at the expo, aiming to purchase five industrial oil pressing machines for rural conservancies—decentralising production and unlocking new opportunities for communities.

Support and Inspiration

Ashikoto credits the Namibia Investment Promotion and Development Board and the Ministry of Trade for their pivotal support, expressing hope that more small and medium enterprises will be empowered to scale up. “Namibia’s future depends on harnessing local ingenuity,” he said.

Bottom Line

From a modest N$250 investment in 2020 to a global showcase in China, Namaloe Products exemplifies how Namibian innovation can reach the world. Ashikoto’s journey underscores a message to fellow Namibians: “I hope our story will inspire Namibians to believe in their ideas and be proud of what we have. Namibia has something the world needs.”

Source: The Namibian

SPORT

Namibia Breweries Limited Renews Partnership with Namibia Rugby Union

NBL and NRU Strengthen Ties

Namibia Breweries Limited (NBL) announced the renewal of its partnership with the Namibia Rugby Union (NRU), reaffirming its commitment to national development and unity through sport.

“This collaboration reaffirms NBL’s long-standing commitment to fostering national development, unity, and excellence through sport,” NBL stated in a press release.

Windhoek Beer Backs Namibian Rugby

Waldemar von Lieres, NBL managing director, highlighted rugby’s significance in Namibia:
“Rugby in Namibia holds a special place in the hearts of many, and it continues to be a powerful force for unity, pride, and national identity.”

He added, “Our Windhoek Beer brand is proud to stand alongside the Namibia Rugby Union as a committed partner. This renewed partnership is more than sponsorship — it’s a belief in the potential of Namibian sport to inspire and unite communities.”

Support for Development and Responsible Engagement

The renewed agreement ensures continued support for NRU’s development programs, national team preparations, and community outreach initiatives. It also focuses on promoting responsible drinking and enhancing fan engagement nationwide.

NRU Welcomes Continued Support

John Heynes, NRU CEO, expressed appreciation:
“NBL has been a cornerstone of support for Namibian rugby. Their ongoing investment enables growth at all levels and builds a stronger future for players and fans.”

Key Figures in Partnership

• Daniel Keulder, NBL Consumer Connections Manager

• John Heynes, NRU CEO

• Lavinia Shalongo, NBL Consumer Connections Manager

• Christy Windvogel, NRU Vice President Governance

• Ndeshi Akwenye, NBL Communications Manager

• Johan Diergaardt, NRU Vice President Rugby

Photo: Contributed

Bottomline:
NBL’s renewed partnership with NRU strengthens the bond between sport and community in Namibia, promoting unity, pride, and responsible enjoyment as rugby prepares for a promising 2025 season

Source: The Namibian

NATIONAL NEWS

Ovaherero Chiefs’ Council Chairperson Challenges Claim to Paramount Chief Position

Ovaherero Chiefs’ Council chairperson Vipua Kapuuo has formally contested Bethold Mutjinde’s claim to the role of paramount chief in proceedings that began on Tuesday at the Windhoek High Court.

Seeking Recognition as Acting Paramount Chief

Kapuuo is petitioning the court for a declaration that under Ovaherero customary law, the chairperson of the chiefs’ council assumes the position of acting paramount chief of the Ovaherero Traditional Community following the death or incapacitation of the paramount chief. This application follows the passing of the previous paramount chief, advocate Vekuii Rukoro, in 2021.

Kapuuo asserts that, according to tradition, he should have been declared acting paramount chief immediately after Rukoro’s death. He further challenges the legitimacy of a chiefs’ council meeting held from 10 to 12 December 2021 at Onderombapa, describing it as unlawful since it was not convened by the council itself.

Disputing the Legitimacy of Mutjinde’s Appointment

The contentious meeting reportedly endorsed Mutjinde Katjiua as the new Ovaherero paramount chief. Kapuuo’s legal representative, Raymond Heathcote, characterized Katjiua’s assumption of the title as a “coup d’état.” Heathcote emphasized that the Ovaherero Traditional Authority operates as a structured institution governed by rules, where the deputy is expected to succeed the paramount chief upon death.

Kapuuo is asking the court to review and nullify the decisions made at the December 2021 meeting, affirming his own position as the rightful acting paramount chief.

BOTTOMLINE: The dispute centers on the rightful succession to the Ovaherero paramount chieftaincy following the death of Advocate Vekuii Rukoro in 2021, with Kapuuo invoking customary law to assert his claim against Mutjinde’s contested appointment.

Source: The Namibia