Nictus Holdings Limited has expanded its presence in Namibia’s building and hardware sector with the opening of a second Build It store in Rehoboth, as the Namibia Securities Exchange (NSX)-listed group accelerates its diversification strategy.
The new outlet, Build It Rehoboth, follows the launch of Build It Walvis Bay on 1 November 2024, which marked Nictus’ entry into the building materials market.
The latest expansion signals the group’s continued push into the construction and home improvement segment as part of its broader growth plans.
Director of Bou Dit Hardware, which operates the Build It Rehoboth and Walvis Bay stores, Francois Wahl said the new store aims to support local builders and homeowners with quality products and technical guidance.
“We are excited to announce that Build It Rehoboth is now open. Our mission is to provide high-quality products and expert guidance that help our customers succeed in their building and renovation projects,” Wahl said.
Nictus said the expansion reflects growing confidence in Namibia’s building industry, which remains a relatively new business segment for the group. The company added that the investment aligns with its long-term sustainability objectives and forms part of ongoing efforts to broaden revenue streams beyond its traditional operations.
The group noted that it continues to assess additional business opportunities and remains open to further expansion where prospects align with its strategic direction and corporate values.
In its 2025 annual results, Group Managing Director Philippus Tromp described Nictus as being in a “dynamic growth phase”, supported by a diversified portfolio and a focus on delivering long-term value to stakeholders.
“For us, growth is not a destination, but the vehicle that drives innovation, uplifts livelihoods, and contributes to the long-term prosperity of Namibia, the country we proudly call home,” Tromp said.
He added that the company’s ability to expand and contribute meaningfully to the domestic economy depends on a supportive regulatory environment, sustained infrastructure investment and deliberate economic diversification efforts by government.
The Rehoboth store opening comes amid renewed activity in Namibia’s construction and renovation market, supported by private sector investment and anticipated large-scale projects in energy and infrastructure, which industry players expect to sustain demand for building materials in the medium term.
