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The Namibia Revenue Agency (NamRA) has come out guns blazing against fishing companies and multinationals for not paying enough taxes into the country’s coffers.

Although the Development Bank of Namibia (DBN) does not provide finance for direct agricultural investment as this is the mandate of Agribank, it can provide finance for agricultural enterprises. 

MTC has been named Namibia’s most admired brand for the third year running by Brand Africa.

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The Environmental Investment Fund of Namibia (EIF) says the promotion nature-based solutions and climate action, provides opportunities for economic growth and social development for Namibia.

Namibia Dairies is set to move the production and packaging of its Nammilk Full Cream and Low-Fat Ultra-high temperature (UHT) milk ranges from South Africa to its Avis Factory in Windhoek, as of this month.

The Namibian Ports Authority (Namport) has recorded a 6% growth in total cargo handled, amounting to 6.5 million metric tons for the 2021/2022 financial year.

Nedbank Namibia recently inaugurated its new Head Office located in the Windhoek Central Business District and this is what we know about the building and its construction:

·        Construction of the building started in June 2017.
·        The project was completed on schedule and below budget of N$495 million despite the effects of the COVID pandemic.
·        The building now houses over 500 Nedbank staff that were housed in six different buildings across Windhoek.
·        97% of the total contract was placed on Namibian-owned companies, which was delivered by Namibians.
·        The building has achieved a 5-star Green Star design rating by the Green Building Council of South Africa.
·        The design team has submitted documentation to the Green Building Council to obtain an As Built rating, if obtained, will make it the first newly built 6-star building in the country.

Canadian gold mining firm, Osino Resources, is expecting to inject N$4.6 billion (US$300-million) to kick start its Namibia Twin Hills mining project next year.

Scrutiny of the multi-billion-dollar deal between Heineken NV and Namibian Breweries Limited (NBL) by the Namibia Competition Commission (NaCC) continues over its likely impact on competition in the local beer industry.

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Bank of Namibia Governor Johannes !Gawaxab has hinted that another repo rate hike is "likely" when the bank’s Monetary Policy Committee meets on June 15, 2022.

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