Top companies in Namibia: a who-is-who by sector
A factual map of established Namibian business: banks, NSX-listed firms, utilities, ports, brewing, mining, fisheries and agriculture, sourced and dated.
Summary
Namibia's established economy is anchored by a handful of financial groups, state-linked utilities and ports, diversified private groups, mining operators and export-oriented fisheries and livestock. This guide maps who does what by sector. It is descriptive and does not rank or assess any company's quality, and the descriptions come from the sources listed, which we could not check against company filings.
Who are the major business groups in Namibia?
Shore Africa published a list of 15 business groups in January 2026, with no stated ranking criteria. Its own descriptions, summarised here, are not independent verification.
| Sector | Entity | What it does, per the source |
|---|---|---|
| Financial services | Capricorn Group | Holding company for banking (Bank Windhoek), insurance, asset management and microfinance, with operations in Botswana and Zambia |
| Financial services | FNB Namibia Holdings | Retail, corporate and investment banking, listed on the NSX |
| Microfinance | Letshego Holdings Namibia | Consumer lending for individuals and SMEs |
| Diversified | Ohlthaver & List Group | Beverages, fishing, retail, hospitality and real estate |
| Diversified | Trustco Group | Insurance, education, banking and property |
| Trade and retail | Pupkewitz Holdings | Building materials, motor retail, electrical supplies and agriculture |
| Manufacturing | Namibia Breweries Ltd | Maker of Windhoek Lager, exporting within Southern Africa |
| Mining | De Beers Group Namibia; Swakop Uranium | Diamond mining; operator of the Husab uranium mine |
| Energy | NamPower | State-owned utility; power supply with renewable and cross-border projects |
| Logistics | Namport | Operates the ports of Walvis Bay and Lüderitz |
| Telecoms | Paratus Namibia Holdings | Digital infrastructure for businesses in Southern Africa |
| Agri-food | Meatco | Meat processing, producer support and beef exports |
What does the Namibia Stock Exchange list?
NAMFISA's first-quarter 2026 report put the value of locally listed companies at N$55.3 billion, up 14.2% on the year. The NSX Local Index stood at 819 points and the Overall Index, which includes dual listings, at 2,151. The main board was valued at N$2.8 trillion. Locally listed equities traded N$86 million in the quarter. We did not open a current official count of listed companies. Our investment guide explains how this market fits into investing in Namibia.
What do the utilities and ports do?
NamPower is the national electricity utility. Its website lists a 2026 to 2030 strategic business plan, solar and substation projects and a memorandum with Namdeb. Namport describes itself as aiming to be Africa's leading maritime logistics hub, operating the Port of Walvis Bay and the Port of Lüderitz and offering cargo handling, cold storage, ship repair, and property leasing.
How big are fisheries and agriculture?
Fisheries: the Namibia Statistics Agency reported fishery exports rose 6.5% to N$4.4 billion in the first quarter of 2026 even as landings fell 5.6% to 92,853 tonnes. Horse mackerel (53,418 tonnes) and hake (34,985 tonnes) led landings, with Spain taking 28.8% of exports and Zambia 24.5%.
Agriculture: the Livestock and Livestock Products Board reported that, in the first half of 2026, cattle marketing rose 23.9% to 126,672 head, live cattle exports rose 47.4% and beef exports rose 52.7% to about 8.34 million kg. At Meatco's 2026 annual general meeting a government representative set targets to expand beef exports and value addition, regain access to the United States, restore exports to China and expand across Africa under AfCFTA.
What about the wider economy?
The Bank of Namibia estimated growth of 1.7% in 2025 and forecast 2.6% for 2026 and 2.9% for 2027, driven by construction, electricity and water, trade, financial services, public administration and uranium mining.
How should builders use this map?
These institutions are customers, suppliers and partners for new ventures. Look at where each sector spends: procurement, logistics, finance and data. The best gaps are often in the services around large players, which later guides on the digital economy and Africa outlook explore. Ownership, sector focus and scale change quickly, so verify any entity directly before relying on a description.
How we compiled this
Last verified: 30 October 2026. This is original analysis written from the public sources listed below. Figures are quoted as the source reported them and dated where they are older. Where sources disagreed or an official page gave no detail, we say so rather than fill the gap. Spotted an error? Tell us through the contact page and we will correct it.
Sources
- Shore Africa, "15 biggest business groups in Namibia", 25 January 2026, https://shore.africa/2026/01/25/biggest-business-groups-namibia
- The Brief, "Local equities lift NSX market capitalisation to N$55.3bn", 3 July 2026, https://thebrief.com.na/2026/07/local-equities-lift-nsx-market-capitalisation-to-n55-3bn/
- The Brief, "Namibia fishery exports rise to N$4.4 billion in Q1", 25 June 2026, https://thebrief.com.na/2026/06/namibia-fishery-exports-rise-to-n4-4-billion-in-q1/
- New Era (via AllAfrica), "Namibia: Livestock Sector Records Broad-Based Growth - Competitive Producer Prices", 18 August 2026, https://allafrica.com/stories/202608180430.html
- The Brief, "Namibia targets higher beef exports and value addition in livestock sector", 31 July 2026, https://thebrief.com.na/2026/07/namibia-targets-higher-beef-exports-and-value-addition-in-livestock-sector/
- NamPower, "Home page", accessed 30 October 2026, https://www.nampower.com.na/Page.aspx?p=137
- Namport, "Home page", accessed 30 October 2026, https://www.namport.com.na
- The Brief, "BoN forecasts 2.6% growth for Namibia in 2026", 13 April 2026, https://thebrief.com.na/2026/04/bon-forecasts-2-6-growth-for-namibia-in-2026/