Shoprite Namibia employees are expected to cash in on the retailer's new N$8.9 billion black economic empowerment (BEE) deal.

Alpha Namibia Industries Renewable Power Limited (ANIREP) has secured a new contract to construct and operate a 18.5 megawatt (MW) solar plant to be located at Kokerboom in Keetmanshoop.

The Solidarity Union and the Namib Mills on Thursday agreed to a two-year salaries deal that will see all employees getting a 7.5 percent increment for the period of July 2021 to June 2023.

Listed Australian uranium development company Bannerman Energy is set to acquire a 41.8% stake in Namibia Critical Metals Inc (NMI) from PhilCo 192 and Adventure Resources for N$81.1 million.

The Hosea Kutako International Airport recorded the highest foreign arrivals in April 2022 since the COVID-19 pandemic outbreak two years ago.

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The Bank of Namibia (BoN) has announced the appointment of Herman Shilongo to the Namibia Deposit Guarantee Authority board for a period of five years and Florette Nakusera as administration head.

Jerry Muadinohamba has retired from his position as an Independent Non-Executive Director of Standard Bank Holdings Limited.

Namibia Wildlife Resorts (NMR) reduced its losses from N$174 million in the financial year 2020 to N$97 million last year, showing a strong difference of N$77 million or a 44% improvement.

Additions continue to account for the majority of new building plans being approved, with a total of 188 building plans worth N$107.6 million having been approved during April 2022, compared to 247 in the prior month.

The Russian-Ukraine is proving to be a blessing in disguise for Meatco following a sharp increase in global beef prices, especially in Europe where the company exports meat.

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