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The Namibia Revenue Agency (NamRA) has extended its modified tax relief programme by another year to help taxpayers boost their operations which were significantly decimated by the coronavirus pandemic.

Cattle continue to be the mainstay of Namibia’s agricultural sector with two of the country’s financial institutions forecasting a 3.8 - 4% growth for the sector in 2022.

Bank of Namibia forecasts a 3.8% growth rate for the agricultural sector, with 4.5% growth forecasted for livestock farming, 3% for crop farming and 3.8% for fishing in 2022.

On the other hand, Agribank, whose mandate is to fund agricultural projects in the country, forecast a 4% growth in the agriculture sector for 2022.

Mines and Energy Minister Tom Alweendo says Namibia has hardly benefited from exploring carbon sources as a means to industrialize and grow its economy, despite the country having served for over 100 years as a carbon sink.

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Economic advisory firm Simonis Storm says the newly launched Welwitschia Sovereign Wealth Fund could be abused if no proper guidelines are put in place.

Listed technology metals mining company AfriTin Limited has announced metallurgical test work results showing the successful production of a petalite lithium concentrate at its flagship asset at Uis Tin Mine in Namibia.

Namibia Asset Management Limited (NAM) incurred a drop in operating profit for the six months ended 31 March 2022. 

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French development agency, Agence Française de Développement (AFD) and the Development Bank of Namibia (DBN) have signed a N$5.03 million (€300,000) funding agreement.

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The Government Institutions Pension Fund (GIPF) will have to wait a little longer before it starts receiving its settlement payout from funds invested in troubled Steinhoff International Holdings.

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Old Mutual Investment Group Namibia has announced the successful completion of the Tunga Real Estate Fund financed 180-unit KwaNkomo housing project in Kuisebmund, Walvis Bay in the Erongo region.

The Namibian Competition Commission (NaCC) has warned prominent lawyers, Dr. Weder, Kauta & Hoveka Inc. (WHK) against interfering with witnesses.

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