Namibia Asset Management has grown its assets under management to N$23.1 billion in the last 30 years, while MTC has budgeted N$625 million for nationwide network upgrades.
Assets under management grew by N$900 million at Namibia Asset Management compared to last year, the company’s six-month report ending on 31 March shows.
It reported an operating profit of N$9.4 million and a profit before tax of N$10 million.
Chief executive Tarah Shaanika says while the board‑approved corporate social investment target is to invest a minimum of 1% of profit before tax, actual spend for the period amounted to N$500 000, representing 5% of profit before tax.
“Corporate social investment is an integral part of our broader contribution to the Namibian economy,” Shaanika says.
Revenue from contracts with customers increased by 16.3% to N$43.7 million. This stood at N$37.6 million in March 2025.
Fund management earnings per share increased by 43.8% to 4.63 cents, compared to 3.22 cents last March.
“We continue to place a strong emphasis on localisation and skills development as a cornerstone of our business strategy,” Shaanika says.
MTC EXPANDS TO REMOTE PARTS
Mobile Telecommunications Limited (MTC) has budgeted N$624.9 million during the 2025/26 financial year to improve its network, build more towers and expand coverage to remote parts of Namibia.
The announcement was made during an information and communication technology stakeholder meeting at Oshakati.
MTC spokesperson Tim Ekandjo says the money will go toward improving the company’s network and upgrading equipment.
“This capital allocation is supporting initiatives such as network optimisation and modernisation, information and communication technology upgrades, transmission expansion, the construction of new network towers, and power infrastructure investments for network sites,” he says.
Ekandjo says the company plans to build more towers and expand transmission lines as demand for mobile data continues to rise.
“This investment is important in extending network coverage to underserved and remote areas, ensuring broader access to reliable telecommunications services for all Namibians,” he says.
Part of the budget will also be used to improve power supply at network sites to reduce service interruptions.
MTC says some of the funds will also go toward new business projects linked to the company’s future plans.
