Namibia helps lift Momentum Africa earnings by 60%
Momentum Africa’s operations in Namibia helped drive a strong earnings performance for financial services group Momentum Group during the nine months ended 31 March 2026, with the country contributing to growth in life insurance, new business volumes and contractual service margins across the group’s African operations.
CHAMWE KAIRA Momentum Africa’s operations in Namibia helped drive a strong earnings performance for financial services group Momentum Group during the nine months ended 31 March 2026, with the country contributing to growth in life insurance, new business volumes and contractual service margins across the group’s African operations. The group reported a 15% increase in normalised headline earnings (NHE) to N$5.54 billion, while NHE per share rose 20% to 414 cents from 346 cents in the comparable period. The performance was supported by contributions from all major business units, including Momentum Investments, Metropolitan Life, Guardrisk and Momentum Insure.
Momentum Africa, which includes operations in Namibia, Botswana and Lesotho, recorded a 60% increase in NHE to N$304 million. Earnings were boosted by strong investment income, improved operating profits and positive changes in economic assumptions. The company said its life insurance businesses benefited from higher expected profits in Namibia and Lesotho, favourable yield curve movements in Botswana and Namibia, and increased investment income from fixed deposits in Botswana.
