N$17 Million CBD Streetlight Upgrade to Boost Safety and Urban Appeal - ISSUE #42☕

 Welcome to Our Monday Issue

Start your week informed, inspired, and in the know.

In today’s edition, we spotlight progress, potential, and personal triumphs across Namibia:

•  N$17 Million CBD Streetlight Upgrade: Windhoek’s city centre is getting brighter, safer, and more vibrant.

•  Windhoek Country Club Revenue Soars to N$205.6 Million: As tourism rebounds, the Club eyes even greater growth.

•  Walvis Basin Rises: The coastal basin is gaining global attention as Namibia’s next offshore oil frontier.

• From Classroom to Chairside: One graduate’s journey of determination from university to a future in dental care.

Stay with us as we dive into these stories shaping our cities, economy, and individual dreams.

MARKET CORNER

NSX INDEX Overview

TOP MOVERS: NSX Local Stocks

ECONOMIC PULSE

FOREIGN EXCHANGE RATES

Disclaimer: The financial data and market information provided in the tables below, including stock prices, indices, exchange rates, economic indicators, and other metrics, are sourced from user-provided data and are accurate as of May 12, 2025, based on the latest input. This information is for informational purposes only and does not constitute financial advice, investment recommendations, or an offer to buy or sell securities. Market data is subject to change, and past performance is not indicative of future results. Users should verify data independently and consult with a qualified financial advisor before making investment decisions. Revolox will not be responsible for any errors, omissions, or losses arising from the use of this information.

BUSINESS & ECONOMY

N$17 Million CBD Streetlight Upgrade to Boost Safety and Urban Appeal

The Municipal Council of Windhoek has approved a N$17 million investment to upgrade street lighting in the Central Business District (CBD), aiming to revitalise the urban core and improve public safety. The project is part of the City’s push toward becoming a smart and caring capital by 2027.

A Safer, Greener Capital in Sight

Funded through the City’s Capital Expenditure (CAPEX) budget, the streetlight upgrade will be rolled out over the next two to three financial years, beginning with key city arteries such as Independence Avenue, Sam Nujoma Drive, Post Street Mall, and surrounding streets.

“This marks the first phase of a broader initiative aimed at revitalising the City’s urban centre,” the Council noted, adding that the goal is to create a vibrant, safe, and attractive environment that fosters both economic activity and community pride.

Outdated Infrastructure Gets a Modern Makeover

The current lighting infrastructure in the CBD has been deemed obsolete and insufficient for the needs of a modern capital.

The approved upgrade will see these outdated fixtures replaced with modern, energy-efficient LED lighting, which will offer:

• Improved brightness and visibility

• Lower energy consumption

• Reduced environmental impact

The shift to LED also aligns with the City’s efforts to reduce its carbon footprint and promote sustainability.

Designed for Safety, Guided by Global Best Practice

The enhanced lighting system is expected to boost pedestrian safety, encourage walking, and contribute to a more vibrant night-time economy.

Windhoek’s Council confirmed that insights from benchmarking visits to Sister Cities will inform the design and implementation phases to ensure alignment with international best practices in urban development.

The Bottom Line

As Windhoek moves forward with its vision for 2027, the CBD lighting upgrade signals a firm commitment to smart infrastructure, urban safety, and inclusive planning — lighting the way toward a more connected, sustainable capital.

Source: The Brief

Windhoek Country Club Revenue Hits N$205.6 Million, Eyes Continued Growth

The Windhoek Country Club Resort and Casino, a state-owned entity, recorded revenue of N$205.6 million for the 2023/24 financial year, with projections showing continued growth to N$218 million in 2025 and N$231 million in 2026.

Post-Pandemic Resilience and Recovery

Chairperson of the board, Evans Simataa, attributed the growth to the institution’s strategic recovery following the COVID-19 pandemic, which severely impacted the global hospitality industry.

The resort’s total cash reserves stood at N$132 million as of 30 April 2024.

Sustainable Growth and Financial Stability

Operational momentum is expected to remain strong, with revenue growth projected at 6% in 2025 and 5% thereafter. Simataa also reported that a N$25 million dividend was paid to government—an increase of N$5 million from the previous year.

Total expenditure remained stable at 7%, with a reduction expected to bring this down to a sustainable 5% over the coming years.Cost Control and Operational Efficiency

Operating expenses are being closely monitored, with 2025 projections placing them at 79% of revenue. The club aims to reduce this to 74% in subsequent financial periods.

Giving Back

In addition to financial performance, the resort also allocated N$1.3 million toward charitable initiatives in 2025, reinforcing its commitment to community development.

The Bottom Line

Windhoek Country Club’s financial outlook remains strong and sustainable, with consistent growth, efficient cost management, and social responsibility shaping its roadmap for the future.infographic!

Source: The Namibian

MINE & ENERGY

Walvis Basin Emerges as Next Frontier in Namibia’s Offshore Oil Boom

Namibia’s offshore oil and gas exploration continues its upward momentum as attention shifts from the Orange Basin to the promising Walvis Basin. Energy giants and investors are expanding their footprint, signaling rising confidence in the country’s hydrocarbon potential.

From Orange to Walvis: A Strategic Expansion

According to Irvin Titus, Senior Partner at Bowmans, the rapid growth in offshore exploration since 2022 is now extending northward.

Chevron Namibia Exploration recently assumed an 80% operated interest in Petroleum Exploration License (PEL) 82, covering blocks 2112B and 2212A. Local partners NAMCOR and Custos Energy each hold a 10% carried interest in the license.

Investor Activity Intensifies

The Walvis Basin is also attracting attention from Global Petroleum, which is exploring PEL 94 while actively seeking farm-in partners to boost exploration capacity.

Titus pointed to 2022 as a turning point for Namibia’s offshore investment environment. While the COVID-19 pandemic temporarily slowed progress, post-2020 recovery brought renewed investor confidence and strong M&A activity.

Government Confirms Broad Offshore Potential

Petroleum Commissioner Maggy Shino confirmed that discoveries in the Orange Basin have unlocked insights into Namibia’s entire offshore margin — from Lüderitz to Walvis.

She also highlighted the country’s commitment to local content, noting that exploration companies are expected to prioritize Namibian goods, services, and employment.

The Bottom Line

As the Walvis Basin gains traction, Namibia solidifies its status as one of Africa’s most promising offshore frontiers. Backed by government support, foreign investment, and a growing demand for local content, the country is poised for continued energy sector expansion in 2025 and beyond.

Source: The Namibian

OPINION

From Classroom to Chairside: A Graduate’s Journey of Hope and Hustle

Education has deeply shaped my outlook and abilities. From a young age, learning was ingrained in me—a value that eventually led me to earn an Honours Degree in Education and Mathematics at Rundu, after completing my secondary education at Haimbili Haufiku Senior Secondary School.

University life was a balance of growth and struggle. To support myself, I braided hair part-time—a hustle that not only helped pay the bills but taught me vital life skills like time management, resilience, and discipline. I also engaged with student organisations, where I developed my leadership and networking abilities.

Graduation brought hope—but it was quickly met with the stark reality of unemployment. Like many graduates, I faced the same cycle: no experience, skills gaps, and the emotional weight of repeated rejections.

I remember attending a job interview with over 500 other applicants. That morning, I asked myself, “How will I ever stand out in a crowd like this?”

Beyond the emotional toll, the financial burden is real—printing CVs, couriering documents, and paying for transport to interviews all cost money. Many assume we’re not serious or motivated. The truth? We’re trying—really trying—with everything we have.

Then there’s the dilemma of being overqualified. When we apply for roles outside our fields just to earn a living, we’re told we’re “too qualified.” It’s disheartening. Slowly, confidence fades.

So, what can be done?