The Namibian Ports Authority (Namport) has entered into a 5-year collaboration agreement with the Port of Antwerp Bruges (POABI) and Antwerp/ Flanders Port Training Center (APEC) collectively referred to as POABI/APEC.

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The Bank of Namibia and the Bank of Botswana have renewed their cooperation following a visit by Johannes !Gawaxab, Governor of the Bank.

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The Bank of Namibia says financial institutions in the country have N$485 million in unallocated funds belonging to various clients, including cash sitting in dormant accounts.

The world's leading diamond company, De Beers, says it generated N$10.5 billion (US$650 million) in its fifth cycle sale of gems, including some from Namibia.

Cattle slaughtering increased marginally by 3.4% y/y in May 2022, while that of sheep dropped 12.0%, goats down 90.7% and pigs rose 12.8%. Live cattle exports increased by 35.9% y/y while sheep rose 47.5% y/y although goats dropped 9.8% y/y in May 2022.

National Petroleum Company of Namibia (NAMCOR) Chairperson, Jennifer Comalie, says the country’s two oil finds could generate US$5.6 billion in revenue for the country at peak production.

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The recent news of Revlon filing for bankruptcy this week came as a surprise to many, given that it is a well-established brand that was able to withstand competition over past years.

FNB Namibia forecasts rentals to further increase going forward, but warns that affordability concerns, driven by subdued real wage growth could impact the momentum.

The 146 building plans the City of Windhoek approved in May, represent a 15.6% m/m decrease from the 173 building plans approved in April.

Namibia Wildlife Resorts Limited (NWR) has announced the commencement of major renovations across most of its resorts at a cost of N$ 16 million.

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