Anirep director gains N$5.4m in shares Chamwe Kaira  Alpha Namibia Industries Renewable Power Limited (Anirep), listed on the Namibian Stock Exchange, has awarded shares to its directors and related parties under its Performance Share Incentive Scheme. The company said the shares will vest on 30 October 2024 and be exercised on 31 July 2025 at a transaction price of N$8.99 per share. Iyaloo Jeremiah Nangolo, a director of Anirep, received 601,672 shares valued at N$5.4 million.  James Nyandoro, director of Anirep Solar, a subsidiary of Anirep, was awarded 122,944 shares worth N$1.1 million with a transaction date of 30 October 2024. Antti Johannes Myllärinen, a director, and Hans Pejaomati Hamukoto, executive director, each received 27,539 shares valued at N$247,575.  Executive Edith Nghitukwa was awarded 7,131 shares amounting to N$64,107. Alternative Electricity Consultants (Pty) Ltd, a related party to Anirep, received 1,835,924 shares valued at N$16.50 million.   The transaction was dated 21 July 2025. Anirep said all transactions involved direct beneficial interests and followed proper clearance procedures.  “The share awards form part of Anirep’s broader strategy to align management and shareholder interests through performance-based incentives,” the company stated. For the financial year ending 28 February, group revenue rose to N$177.2 million from N$89.2 million in the prior year.  The increase came from higher engineering, procurement, and construction revenue through Hopsol Africa’s work on the Khan Moses Mague//Garoeb 25.04 MWp Solar PV plant. The plant was completed after year-end and officially inaugurated by then-president Nangolo Mbumba.  Since commissioning, it has supplied power to the grid, doubling Anirep’s independent power producer revenue potential. Since its 2019 listing, Anirep’s growth in net asset value has exceeded the 15% hurdle rate, triggering incentive payouts.  The value of the performance award this year was N$41.3 million. Group loss before tax rose to N$42.9 million from N$7.9 million in the previous year, driven by the share-based incentive and increased development costs as the group expanded its IPP portfolio.

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Safari investments deal dependent on fulfilled conditions Chamwe Kaira Oryx Properties Limited, a company listed on the Namibia Stock Exchange, says its planned acquisition of Safari Investments Namibia (Proprietary) Limited is still subject to conditions agreed with the sellers. Safari owns and manages the Platz am Meer Shopping Centre in Swakopmund. Oryx announced in March that it had entered into a sale of shares and claims agreement with Safari Investments RSA Limited, a company listed on the Johannesburg Stock Exchange.  Under the deal, Oryx will acquire 100% of the issued share capital in Safari Investments Namibia and all related loan claims from the seller for N$290 million. The acquisition is subject to approval by the Namibian Competition Commission.  It aligns with Oryx’s strategy to diversify geographically within Namibia, grow its asset base, and gain commercial value from the transaction. Oryx confirmed that the transaction and purchase price remain conditional.  The company stated that it remains under cautionary measures, as was first announced in March and reiterated in May. The effective date of the acquisition will be the first day of the month after all conditions are fulfilled or waived. The N$290 million purchase price will be paid in cash on the effective date. An additional final payment may be made if Safari Namibia achieves a minimum net operating income yield of 11% during the 12 months after the effective date. Oryx said it will fund the acquisition with debt and is finalising the terms. The group’s loan-to-value ratio is expected to increase from 36.1% to 39.9%, excluding any fair value adjustments. Oryx owns commercial properties including Maerua Mall and Gustav Voigts Centre in Windhoek. It reports a retail vacancy rate of 5.91% and a residential vacancy rate of 11.19%. The group’s property portfolio includes 28 retail, industrial, office, and residential properties. It also holds offshore investments in the Tower Property Fund, a South African real estate investment trust, and owns 26% of TPF International Limited, which manages a Croatian property portfolio valued at €82.2 million.

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