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The Road Fund Administration (RFA) says it is striving to tackle a hefty funding gap of N$3.6 billion in 2024/25 through a N$1 fuel levy increase. 

The Road Fund Administration (RFA) has warned that the condition of the road network and the growing funding gap are expected to drive vehicle maintenance costs for Namibians to a staggering N$42 billion by 2028. 

An Old Mutual Financial Services Monitor (OMFSM) report estimates that approximately 40% of working Namibians currently hold personal loans.

The African Development Bank Group (AfDB) has approved a loan of N$3.7 billion (US$196.43 million) for Namibia to implement the second phase of its Transport Infrastructure Improvement Project (TIIP).

The Gondwana Collection Namibia has expanded its Secret Collection with the addition of The Pearls in Swakopmund.

Standard Bank and the Motor Vehicle Accident Fund of Namibia (MVA Fund) have jointly invested N$12 million in renovating the emergency care unit at Katutura State Hospital.

Otto Shikongo has been appointed Deputy Chairperson of the Board of FirstRand Namibia, effective from the 19th of October 2023.

The Ministry of Environment, Forestry and Tourism, in collaboration with German partners, has invested N$31 million in an effort to mitigate human-wildlife conflict and bolster community livelihoods in the Kunene Region.

The Business and Intellectual Property Authority (BIPA) has offered to waive N$275 million in penalties and accrued interest in a move meant to offer relief to businesses in the country.

Lepidico's decision to establish a lithium chemical plant in Abu Dhabi is based on a strong foundation of infrastructure, resource accessibility, government support, and a vision for global growth, the company has said.

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