NASRIA HANDS OVER CSR SPONSORSHIPS TO VARIOUS ORGANISATIONS NBC Online Thu, 10/01/2026 - 10:58

The Namibia Special Risks Insurance Association has handed over sponsorships to various institutions and organisations as part of its corporate social responsibility on education, health, sport, agriculture and community development. The N$ 231,800 investment includes the Oupumakoko Combined School, Okanimekwa Combined School, the Insurance Institute of Namibia, the Rob Youth Foundation, Boas Ekandjo Pre-Primary School, I.K. Tjimuhiva Combined School, and the Namibia Correctional Services. Managing Director of NASRIA John Uusiku explained. “It's essentially to ensure that the NASRIA's limited resources are equitably distributed to the Namibian people.” Uusiku is optimistic that with collective action, Namibia will build stronger resilience and offer hope and opportunities for all. He urged the beneficiaries to use the funds to strengthen their institutions and communities. “Let these investments build a solid foundation for your institutions and for the communities where you are coming from.” NASRIA reaffirmed its commitment to supporting community initiatives that contribute to their social and economic development.

Nasria posts N$96.6m profit  PressReader

NASRIA HANDS OVER N$17 MILLION IN DIVIDENDS NBC Online Thu, 09/17/2026 - 15:45

[New Era] The Namibia Special Risks Insurance Association (Nasria) has committed N$25 million to development projects across all 14 regions of Namibia to support economic activity and improve livelihoods.

The Namibia Special Risks Insurance Association (NASRIA) has made a landmark donation to fund regional economic development, a contribution that the government has hailed as a critical catalyst for the country’s industrialization agenda. At a handover ceremony held at the Country Club in Windhoek on Thursday, Prime Minister Dr. Elijah

NASRIA donates N$25 million to boost regional economic development across Namibia  Namibia Economist

Staff Reporter THE Namibia Special Risks Insurance Association (NASRIA) has contributed N$25 million towards the Government’s efforts to strengthen the capacity of the Offices of the Regional Governors and support development initiatives across all 14 regions of Namibia. Speaking at the handover ceremony, Prime Minister Dr Tjitunga Elijah Ngurare stressed that development should translate into tangible improvements in the lives of ordinary people, noting that the needs, opportunities and challenges vary from one region to another. “Development plans matter only when they produce visible improvements in people’s lives. That is why regional development matters. The opportunities available in one region may differ significantly from those in another. Regional leadership is therefore essential because Governors and regional structures understand the needs, opportunities and constraints within their communities,” Ngurare said. --- Photos: NASRIA --- He said the funds would be channelled towards productive development in all 14 regions, with a particular focus on establishing and supporting factories and businesses that can stimulate local economic activity. “When Her Excellency President Netumbo Nandi-Ndaitwah addressed the Heroes’ Day Commemoration in Katima Mulilo, Zambezi Region, last year, she gave a directive that each region must have a factory unique to what it produces and supplies. This was a deliberate intervention, informed by the reality that Namibia must move forward, both regionally and nationally,” Ngurare said. He called for the funds to be used strategically to advance regional development. “Each of our 14 regions will have a manufacturing plant unique to what it produces. We are one in this mission. All stakeholders are getting on board. Today’s landmark donation should therefore be treated as a resource for productive development. I encourage all Regional Governors to focus on initiatives that respond to real needs, can be implemented effectively and have the potential to create lasting economic value. We should be able to see the results: businesses supported, livelihoods strengthened, employment created, infrastructure improved and further investment attracted,” Ngurare said. The post Namibia Special Risks Insurance Association contributes N$25 million to boost regional development appeared first on Informanté.

Patience Makwele  The Namibia Special Risks Insurance Association (NASRIA) has injected N$25 million into regional economic development, with the funds set to support productive initiatives across all 14 regions. The contribution was handed over to regional governors in Windhoek on Thursday at a ceremony attended by prime minister Elijah Ngurare and finance minister Ericah Shafudah. […]

Patience Makwele  The Namibia Special Risks Insurance Association (NASRIA) has injected N$25 million into regional economic development, with the funds set to support productive initiatives across all 14 regions. The contribution was handed over to regional governors in Windhoek on Thursday at a ceremony attended by prime minister Elijah Ngurare and finance minister Ericah Shafudah. Receiving the contribution on behalf of the government, Ngurare said the funds must translate into tangible economic benefits, including stronger businesses, job creation, improved infrastructure and further investment in regional economies. “Development plans matter only when they produce visible improvements in people’s lives,” Ngurare said. He said the contribution comes as the government seeks to build a more diversified and resilient economy, while emphasising that development must respond to the different economic potential and needs of each region. Ngurare pointed to President Netumbo Nandi-Ndaitwah’s directive that each of Namibia’s 14 regions should have a factory based on what it produces and supplies. He said several projects are already being developed in line with this approach. In the Zambezi region, a fruit and beverage agro-processing plant is planned for Katima Mulilo to process locally grown mangoes and other indigenous fruits. The facility expands an existing University of Namibia food-processing initiative and is expected to reduce food waste, create jobs and add value to produce from local farmers. In Omusati, a tomato processing plant and feedlot project near Epalela and the Etunda Irrigation Scheme are intended to add value to local crops, reduce post-harvest losses and support small-scale horticulture farmers. The Etunda Feedlots Project includes feed processing, veterinary services and beef production infrastructure. In the Omaheke region, an agro-processing plant planned for Otjinene is expected to produce peanut butter, cooking oil and plumpy nuts using locally grown groundnuts and peanuts. “Each of our 14 regions will have a manufacturing plant unique to what it produces,” Ngurare said. He urged regional governors to ensure the contribution is directed towards initiatives that respond to real needs, can be implemented effectively and create lasting economic value. “To the regional governors, I encourage you not only to be ambitious, but also disciplined,” he said. “The responsibility is now to ensure that this opportunity translates into measurable results and tangible benefits for the people of every region.” Ngurare said limited public resources meant Government could not carry the burden of development alone, calling for stronger partnerships with institutions within Namibia’s financial system. “We need partnerships. We need all stakeholders,” he said, describing NASRIA’s contribution as an example of how institutions can support national development priorities beyond their immediate commercial activities. The initiative is aligned with the government’s Sixth National Development Plan (NDP6), which prioritises agriculture, sports, youth empowerment, education and training, creative industries, health and social welfare, and land, housing and sanitation. Ngurare said the government had mobilised resources around these priorities and their corresponding economic enablers, including mining, energy, oil and gas, tourism, water, fisheries, and transport and logistics. He urged stakeholders to work together to implement NDP6 and ensure that the contribution produces measurable results for communities across the country.

NASRIA DONATES N$25 MILLION FOR DEVELOPMENT NBC Online Thu, 08/27/2026 - 16:33

The Namibia Special Risks Insurance Association (NASRIA) has donated N$25 million to the Office of the Prime Minister to support economic development initiatives across the country's 14 regions. The funds will be distributed equally among the regional governors' offices and used to support economic activities. NASRIA Board Chairperson Adrianus Vugs said the contribution is a way for the association to give back to communities and invest in the stability that enables its business to thrive. "It is important for us to do our part as far as giving back to the community is concerned and to at least seed regional economic development. So that is really our fundamental reason for giving funding to the different regions, to the governor's offices." Speaking on behalf of Prime Minister Elijah Ngurare, Finance Minister Erica Shafudah said governors have been entrusted with significant responsibility for addressing the social and economic needs of their respective regions but require adequate resources to fulfil their mandate. She said the government intends to engage other state-owned enterprises and private-sector entities to strengthen the capacity of regional governors. "We are going to assess the impact of this money in each one of the regions. And of course, that will encourage us to mobilise more for the regional governors' offices in the name of the Namibian people." The Chairperson of the Regional Governors Forum, Sacky Kathindi, described the donation as a significant gesture of support towards the work of regional governors and their efforts to drive development within their respective regions. He said the governors have already identified priority areas where the funds can make an impact. "Governors did profile the regions. They know what the challenges are and what the opportunities are, and we have already earmarked the priorities. So this money will be put to good use to address those challenges that are facing our people." Kathindi further called on other state-owned enterprises to follow NASRIA's example, saying greater collaboration between institutions can strengthen regional development and improve the lives of communities.

Universitas Hamzanwadi, Kabupaten Lombok Timur, Provinsi Nusa Tenggara Barat (NTB) menerima mahasiswa baru asal Thailand, Nasria Cheheng.Rektor Universitas ...

Through its corporate responsibility programme, Namibia Special Risks Insurance Association (NASRIA) has donated to five beneficiaries towards the goal of school development and supplying learners with reading material. The five beneficiaries are Kids Care College, which received N$14,518; the International University of Management, which received N$20,000; the Office of the Erongo Governor, which also received N$20,000; and finally, Elondo-East Primary School and Negushe Secondary School, each of which benefited from a N$40,000 donation. In an effort to empower communities across Namibia, NASRIA has channelled resources back to the community. Managing Director of NASRIA, John Uusiku, says, "These types of support are actually part of NASRIA's broader vision to foster growth and progress in areas such as education, agriculture, health and community empowerment projects. So those are the key areas that we primarily focus on: education, agriculture, health and community empowerment initiatives. So for this financial year alone our investments have actually reached nine of our political regions in Namibia." A teacher at Kid Care College, Hilma Kandoto, on behalf of the institution, said the initiative will play a significant role in developing the children's learning process. "Your support will directly benefit our children by helping us strengthen the learning environment through essential educational materials, classroom resources and developmental activities that support early childhood growth. These resources allow learners to explore, create and build a strong foundation for their future education. We are truly grateful for your investment in the well-being and learning of our children. Partnerships like this make a meaningful difference." Learner Daniel Daniel adds, "Dear sponsors, thank you for helping us. We are very happy and grateful because you can learn and stay in school. Thank you for caring about KSC." This support is part of NASRIA's vision to foster growth and progress in areas of education, agriculture, health and community empowerment projects.

NASRIA SUPPORTS SCHOOL DEVELOPMENT NBC Online Thu, 03/19/2026 - 14:58

Through its corporate responsibility programme, Namibia Special Risks Insurance Association (NASRIA) has donated to five beneficiaries towards the goal of school development and supplying learners with reading material. The five beneficiaries are Kids Care College, which received N$14,518; the International University of Management, which received N$20,000; the Office of the Erongo Governor, which also received N$20,000; and finally, Elondo-East Primary School and Negushe Secondary School, each of which benefited from a N$40,000 donation. In an effort to empower communities across Namibia, NASRIA has channelled resources back to the community. Managing Director of NASRIA, John Uusiku, says, "These types of support are actually part of NASRIA's broader vision to foster growth and progress in areas such as education, agriculture, health and community empowerment projects. So those are the key areas that we primarily focus on: education, agriculture, health and community empowerment initiatives. So for this financial year alone our investments have actually reached nine of our political regions in Namibia." A teacher at Kid Care College, Hilma Kandoto, on behalf of the institution, said the initiative will play a significant role in developing the children's learning process. "Your support will directly benefit our children by helping us strengthen the learning environment through essential educational materials, classroom resources and developmental activities that support early childhood growth. These resources allow learners to explore, create and build a strong foundation for their future education. We are truly grateful for your investment in the well-being and learning of our children. Partnerships like this make a meaningful difference." Learner Daniel Daniel adds, "Dear sponsors, thank you for helping us. We are very happy and grateful because you can learn and stay in school. Thank you for caring about KSC." This support is part of NASRIA's vision to foster growth and progress in areas of education, agriculture, health and community empowerment projects.

NASRIA DONATES N$134,000 FOR SCHOOL DEVELOPMENT NBC Online Wed, 03/18/2026 - 22:07

Through its corporate responsibility programme, Namibia Special Risks Insurance Association (NASRIA) has donated over N$134,000 to five beneficiaries towards the goal of school development and supplying learners with reading material. The five beneficiaries are Kids Care College, which received N$414,518; the International University of Management, which received N$20,000; and finally Elondo-East Primary School and Negushe Secondary School, each of which benefited from a N$40,000 donation. In an effort to empower communities across Namibia, NASRIA has channelled resources back to the community. Managing Director of NASRIA, John Uusiku, says, "These types of support are actually part of NASRIA's broader vision to foster growth and progress in areas such as education, agriculture, health and community empowerment projects. So those are the key areas that we primarily focus on: education, agriculture, health and community empowerment initiatives. So for this financial year alone our investments have actually reached nine of our political regions in Namibia." A teacher at Kid Care College, Hilma Kandoto, on behalf of the institution, said the initiative will play a significant role in developing the children's learning process. "Your support will directly benefit our children by helping us strengthen the learning environment through essential educational materials, classroom resources and developmental activities that support early childhood growth. These resources allow learners to explore, create and build a strong foundation for their future education. We are truly grateful for your investment in the well-being and learning of our children. Partnerships like this make a meaningful difference." Learner Daniel Daniel adds, "Dear sponsors, thank you for helping us. We are very happy and grateful because you can learn and stay in school. Thank you for caring about KSC." This support is part of NASRIA's vision to foster growth and progress in areas of education, agriculture, health and community empowerment projects.

The Namibia Special Risks Insurance Association (NASRIA) has reported a solid financial performance for the 2024/2025 financial year, marked by significant growth in assets and a continued commitment to regional expansion and social investment. The state-owned entity confirmed it has maintained its proud record of clean audits, receiving an unqualified

STAFF WRITER The Namibia Special Risks Insurance Association (Nasria) has paid a dividend of N$16 million to the government after recording another strong year of financial and operational performance for 2024/2025. Nasria maintained its record of clean audits with another unqualified opinion, providing insurance cover against politically motivated and special risks not typically covered by commercial insurers.  The company has achieved this every year since its establishment. Insurance revenue increased by 6%, rising from N$84 million to N$89 million, supported by policy renewals and new business across several sectors.  However, the insurance service result fell by 23% to N$45 million due to higher costs and claims. Despite these pressures, Nasria’s reserves grew from N$801 million to N$870 million, reflecting continued profitability and careful financial management. As of 31 March 2025, total assets stood at N$960 million.  The insurer’s assets topped N$1 billion for the first time in its history by June 2025. Liabilities rose by 37% to N$92 million, which the company attributed to growth in its asset base and expanding operations. Nasria also announced the establishment of a special risk insurance subsidiary in Botswana, trading as BOSRIA. The new company will expand Nasria’s regional footprint and provide cross-border insurance cover for Namibian businesses operating in Botswana.  It marks Nasria’s first direct investment outside Namibia. BOSRIA will offer protection against politically motivated losses, riots, strikes, civil commotion, and other non-traditional risks often excluded from standard insurance policies. Nasria also invested more than N$437 000 in 13 community projects during the financial year, supporting initiatives in agriculture, education, health, and community development. It’s managing director John Uusiku said Nasria remains financially sound, well-governed, and strategically positioned to support Namibia’s long-term economic resilience. “As Namibia faces both domestic and regional economic headwinds, NASRIA’s stability and innovation play a crucial role in maintaining confidence within the financial services sector. Our regional expansion through BOSRIA and our ongoing governance reforms demonstrate our readiness for the next phase of growth,” Uusiku said.  Caption NASRIA has paid a dividend of N$16 million to the government.  * Photo: NASRIA

Chamwe Kaira The Namibia Special Risks Insurance Association (Nasria) has paid a dividend of N$16 million to the government after recording another strong year of financial and operational performance for 2024/2025. Nasria maintained its record of clean audits with another unqualified opinion, providing insurance cover against politically motivated and special risks not typically covered by commercial insurers.  The company has achieved this every year since its establishment. Insurance revenue increased by 6%, rising from N$84 million to N$89 million, supported by policy renewals and new business across several sectors.  However, the insurance service result fell by 23% to N$45 million due to higher costs and claims. Despite these pressures, Nasria’s reserves grew from N$801 million to N$870 million, reflecting continued profitability and careful financial management. As of 31 March 2025, total assets stood at N$960 million.  The insurer’s assets topped N$1 billion for the first time in its history by June 2025. Liabilities rose by 37% to N$92 million, which the company attributed to growth in its asset base and expanding operations. Nasria also announced the establishment of a special risk insurance subsidiary in Botswana, trading as BOSRIA. The new company will expand Nasria’s regional footprint and provide cross-border insurance cover for Namibian businesses operating in Botswana.  It marks Nasria’s first direct investment outside Namibia. BOSRIA will offer protection against politically motivated losses, riots, strikes, civil commotion, and other non-traditional risks often excluded from standard insurance policies. Nasria also invested more than N$437 000 in 13 community projects during the financial year, supporting initiatives in agriculture, education, health, and community development. It’s managing director John Uusiku said Nasria remains financially sound, well-governed, and strategically positioned to support Namibia’s long-term economic resilience. “As Namibia faces both domestic and regional economic headwinds, NASRIA’s stability and innovation play a crucial role in maintaining confidence within the financial services sector. Our regional expansion through BOSRIA and our ongoing governance reforms demonstrate our readiness for the next phase of growth,” Uusiku said.