Romé Mostert

When given the choice between being right and being kind, choose kind. 😉🇳🇦

[Romé Mostert @RomeMostert]

@JohannBiermann1 @CyrilRamaphosa Interestingly, Namibian Cabinet has resolved to temporarily reduce the levies imposed on fuel by 50% for 3 months to soften the blow on consumers

[Romé Mostert @RomeMostert]

CRAN to Namibia and her citizens 🇳🇦 👏👏👏

[Romé Mostert @RomeMostert]

@JohannBiermann1 I remember a night in 2007, leaving for Namibia early morning from Somerset West, with people blocking the N2 with boulders and tree branches, literally rammed through. Not a fun experience.

[Magatte Wade @magattew]

The most important question for ending poverty is not “what should the government do?”

It is “what should the government stop doing?”

[The Brief @TheBriefLive]

Cirrus Unlisted Investments has acquired a significant minority stake in Namibian luxury lodge and tour operator Ultimate Safaris, in an equity funding transaction aimed at supporting the company’s expansion and growth within Namibia’s high-end tourism sector.

The investment according to Cirrus, was concluded on behalf of individual and institutional Namibian investors and establishes a strategic partnership between the locally owned investment manager and one of Namibia’s established luxury ecotourism operators.

Financial details of the transaction were not disclosed.
Cirrus Unlisted Investments Managing Director Erik de Waal said the investment reflects confidence in Namibia’s long-term tourism potential and Ultimate Safaris’ position within the sector.

https://t.co/tF8uCrHRMO #namibia #tourism #acquisition #hospitality @cirrus_capital @UltimateSafari1

[Loide Ngwedha Uushona @gwaShuuya_4th]

Folks who don’t own or run businesses might not understand it, but red tape and bureaucracy is a big problem in Namibia. Your business can literally shut down, bc these processes take forever. That time you’re burning cash and people couldn’t care less. It needs urgent attention.

[Romé Mostert @RomeMostert]

If only there was a zero cost option like Starlink 🤷‍♂️

[The Brief @TheBriefLive]

MTC, Telecom awarded N$42m to expand connectivity in remote areas

Mobile Telecommunications Limited (MTC) and Telecom Namibia have won Phase 2 of the Universal Service Fund (USF) rollout, receiving a combined N$42,123,377 to expand mobile broadband and voice coverage in underserved regions.

CRAN Executive for Communication and Consumer Relations, Mufaro Nesongano, said the funding will support new infrastructure development in Kavango East, Kavango West, Kunene, Ohangwena, Omusati, Oshikoto, Zambezi and //Karas.

“The successful bidders are Mobile Telecommunications Limited (MTC), awarded subsidies for eight sites totalling N$32,326,727.00, and Telecom Namibia Limited (TN), awarded subsidies for three sites totalling N$9,796,650.00,” he said.

https://t.co/AfOXsWslM2 #namibia #connectivity #infrastructure @CRANamibia @MTCNamibia @TelecomNamibia

[Romé Mostert @RomeMostert]

@woestyn_wolf Hartverskeurend 😞

[Cirrus @cirrus_capital]

Since '17, Cirrus advised Paratus on capital raisings totalling N$2.9 billion across equity and debt. We are proud to have supported them through much of their 20-year journey in Namibia.

A big congratulations to Paratus, and on the exciting launch of their mobile network.

[Romé Mostert @RomeMostert]

@JohannBiermann1 Looks like an index I wouldn’t mind investing in. Time to underwrite a Braaibroodjie ETF?

[Romé Mostert @RomeMostert]

Uplifting of lives are done way easier through collecting taxes (share in revenues and profits) as opposed to ownership (share in risk).

[The Namibian @TheNamibian]

Wednesday’s front page!

[Cirrus @cirrus_capital]

World Bank’s reclassification of Namibia’s income status is more of a revision than a downgrade.

The census revealed a 3.0m population in '23 - higher than World Bank and NSA estimates of ~2.6m.

However, a poor macro-environment is the underlying reason for this rapid decline.

[The Brief @TheBriefLive]

EXPLAINER: Tannan Groenewald, Head of Data & Analytics at Cirrus, explains what Namibia’s reclassification from upper-middle to lower-middle income status by the World Bank means. #namibia #economy #GDP

[Rowland Brown @pigeon_chess]

Seems that the IMF agrees with @cirrus_capital on the unemployment nonsense of last year (from the latest IMF Article IV).

[Cirrus @cirrus_capital]

Namibia's real GDP growth came in at 2.7% in Q1 '25, down from 4.8% in Q1 '24.

The slowdown was primarily due to a steep contraction of 20.1% in the agriculture industry, attributed to drought-related reductions in livestock marketing and an outbreak of Lumpy Skin Disease.

[Cirrus @cirrus_capital]

The Bank of Namibia MPC unanimously decided to hold the repo rate at 6.75% in light of domestic, regional and global developments - but urges commercial banks to narrow prime lending margins in line with CMA peers.

[Romé Mostert @RomeMostert]

A 2-day @RifleSeries match in this terrain would be epic 🎯 💨

[Curiosity @CuriosityonX]

This is Mars!

140 million miles away from us!

[Romé Mostert @RomeMostert]

2nd/5th gear conversion in my Land Cruiser

[Romé Mostert @RomeMostert]

@pigeon_chess 1.5 million Namibian stuck with EDGE so a deal can be struck for a handful of Namibians

[Romé Mostert @RomeMostert]

@CaptSpringbok Time to see @Anatolyfitness do the lift