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Botswana will not drop its demand to sell a bigger share of the diamonds produced by its joint venture with De Beers, President Mokgweetsi Masisi said on Thursday, raising the stakes in talks to renew a sales deal that expires in June.

Namibia is set to commence feasibility studies for its N$186 billion ($10 billion) green hydrogen project in Q2 2023 after the implementation agreement is signed.

Heineken has received final regulatory approval from the South African Competition Tribunal to acquire control over Distell Group Holdings Limited and Namibia Breweries, paving the way for the creation of a regional African beverage champion. 

An additional N$2 billion is required to complete the construction of the Neckartal Dam’s second phase, the Ministry of Agriculture, Water and Land Reform has said.

The Ministry of Industrialisation and Trade (MIT) is currently developing a trade policy to define how Namibia will conduct its trade with bilateral, regional, and multilateral trading partners.

The Minister of Labour, Industrial Relations and Employment Creation Utoni Nujoma has announced new basic conditions of employment in the fisheries industry.

The tourism sector in Walvis Bay is expected to receive a boost after Regent Seven Seas Cruises announced its upcoming World Cruise for 2026, which will embark on a 154-night voyage across 41 countries and six continents, including a stop at the Port of Walvis Bay.

FNB and Momentum Metropolitan Namibia have entered into a partnership that will see FNB offer funeral cover to its clients.

The Bank of Namibia (BoN) released its Economic Outlook update for March 2023, projecting a 3% growth in the domestic economy for 2023 and a further 2.9% growth in 2024.

Trade unions have petitioned Prime Minister Saara Kuugongelwa-Amadhila to award civil servants an 18% salary increment for 2023/24 and 2024/25 financial years.

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