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 In The Brief's 22 June edition, it was reported that commercial banks are sitting with unallocated funds of clients due to various reasons.  

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Old Mutual Namibia along with Launch Namibia, the Financial Literacy Initiative (FLI) and the United Nations Development Programme (UNDP) Accelerator Lab, has launched the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative.

Mobile Telecommunications Limited (MTC) has announced the start of its voluntary sim card registration campaign, which will run until the 1st of January 2023, targeting its over 2 million subscribers.

NamPower says although it has not been spared from the on-going loadshedding in South Africa, an electricity source market for Namibia, it has been able to offset the shortfalls to ensure adequate supply for the country.

Agriculture minister Calle Schlettwein has warned that the continued rise in fuel prices will have a negative impact on the country’s agricultural sector and will push food prices beyond the reach of many.

Livestock health has a direct link to performance because some diseases or health conditions result in huge economic losses.

Namib Desert Diamonds (NAMDIA) has revealed that the diamond sales and marketing company has been dragged to the Labour Commissioner by its former founding Chief Executive Officer (CEO) Kennedy Hamutenya.

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Nedbank Namibia has appointed Taleni Nengola as Head of Balance Sheet Management.

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Namibia is in discussions with the European Commission to mobilise concessionary multilateral funding from the European Investment Bank (EIB) to make the molecules produced by its green hydrogen project affordable, Presidential Economic Advisor James Mnyupe told the Siemens MEA Energy Week.

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The Namibia Revenue Agency (NamRA) has revealed that the amount involved in a tax fraud scam announced in March has increased to N$36 million from N$15 million previously announced, with 409 tax payers from 17 institutions having currently been identified as beneficiaries of the proceeds.

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