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There is a portion of Namibia’s population that is more financially and emotionally stressed than the rest and goes unnoticed by most. A Savings and Investment survey done by Old Mutual two years ago, indicated that 63% of Namibians are “sandwiched” between two generations who rely on them financially.

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NamPower has announced the suspension of its debt recovery plan, which involved disconnecting defaulting customers, until the end of August. 

The Supreme Court has dismissed an appeal by Menzies Aviation (Namibia) (Pty) against Namibia Airports Company Limited (NAC) for awarding a ground handling contract to Paragon and Partners in a recent judgment.

The Deputy Minister of Mines and Energy has applauded the diamond sector companies, Diaman and The Namibia Diamond Trading Company (NDTC), for their continued efforts in youth development.

Old Mutual Investment Group (Old Mutual) says it is placing impact investing and sustainable development at the forefront of its agenda, in a display of commitment to social and environmental progress.

The Ministry of Agriculture, Water and Land Reform says it will absorb at least 32 former employees of the Agricultural and Business Development Agency (Agribusdev), a state-owned company, which was dissolved.

The Ministry of Environment, Forestry and Tourism says it will soon introduce fines for speeding and non-adherence to rules in National Parks.

Cabinet has approved the banning of the export of unprocessed lithium and other critical minerals.

The dividend owed to the Iranian government as part of its 15% stake in the Rössing Uranium Mine has increased to approximately N$331 million.

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 The Namibia Financial Institutions Supervisory Authority (NAMFISA) says there was no increase in the number of claims filed to short-term insurance companies following the December 2022 heavy rainstorm that damaged property worth millions of dollars in Windhoek.

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