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Old Mutual Namibia has sealed a N$700 million deal to acquire a controlling 63.8% interest in Vukile Property Fund’s Namibian portfolio.

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The Anti-Money Laundering and Combatting the Financing of Terrorist and Proliferation Council chaired by Bank of Namibia Governor Johannes !Gawaxab has appointed Gerrit Eiman as Acting Director of the Financial Intelligence Centre (FIC) following the appointment of Leonie Dunn as Second Deputy Governor of BoN.

Mobile Telecommunications Limited (MTC) has announced its launch of a Service Delivery Platform (SDP) to build a fully functional Digital Shopping platform and facilitate service innovation to deliver a converged experience at a faster service time to the market. 

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Eos Capital says it has so far raised N$90 million for its Euphrates Agri Fund, from a target of N$1 billion.

Trustco Group Holdings has been given the greenlight by its minority shareholders to delist from the Johannesburg Stock Exchange (JSE) and seek new listing elsewhere.

Mobile Telecommunications Limited (MTC) which was recently listed on the Namibian Stock Exchange has recorded an after-tax profit of N$743.3 million for the 12 months ended 30 September 2021.

Namibia's telecommunications regulator says the government's continued hold on the country’s Information and Communication Technologies (ICT) sector was impacting on competitiveness and growth.

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The Government Institutions Pension Fund (GIPF) has revealed that it has to date invested over N$1.1 billion in various projects in the Otjozondjupa region.

Nictus Holdings Limited (NHL) says it expects significant increases across all recognised profitability benchmarks, with  earnings per share (EPS) surging from 4.04c in 2020 to between 10.72c and 11.94c in its latest interim results scheduled for 9 December 2021. 

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Standard Bank Namibia has opened its first in-store banking branches in the country that will operate outside normal working hours as the financial institution seeks to offer convenience to customers.

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