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Nedbank Namibia's new green head office has received a six-star rating from the Green Building Council of South Africa (GBCSA), making it the first building in Namibia to receive this accolade.

Namibia's Communication Regulatory Authority (CRAN) has launched an auction to assign 4G and 5G spectrums in an effort to enhance internet access, affordability, and speed for the majority of the country's population.

Namibia and Angola are planning to integrate their payment systems as part of efforts to improve the flow of trade between the two countries.

The Oshana Region, which is among the flooded regions in northern Namibia, is plagued with severe shortage of grazing land and waterborne diseases attacking livestock since the start of the floods early January.

The government is planning to lift the ban on timber harvesting and transportation to allow communities to benefit from the natural resource.

The Ministry of Environment, Forestry and Tourism needs about N$112.3 billion to successfully address Greenhouse emissions by 2030, its Minister Pohamba Shifeta has said.

President Hage Geingob says the recent oil discoveries by TotalEnergies and Shell off the coast of Namibia have potential to propel the country to become a major oil producer in Sub-Saharan Africa.

Namibia Competition Commission (NaCC) has reached a settlement with PG Glass and five pharmacies for engaging in uncompetitive behaviour in their respective sectors. The entities have forked out over N$1 million as part of the settlement.

Northern Graphite Corporation has announced plans to start production at its recently acquired Okanjande mine in mid-2024, with a projected output of 30,000 tonnes per year of graphite.

Driving a shiny new Mercedes-Benz may soon become a distant dream for many but the most affluent. 

 

The average price of a Mercedes reached some €72 900 (R1.4 million) last year — a 43% increase over 2019 levels.

That chimes with the carmaker’s push even further upmarket by focusing on top-end models like the S-Class sedan to bolster profits. The company has been working through pent-up demand after chip shortages curbed production last year.

Mercedes is hiking the prices even of entry-level models like the A-Class hatchback. Drivers are increasingly only be able to buy versions of the car with bells-and-whistle options as standard.

Mercedes isn’t alone. Around the world, manufacturers are reaping the benefits of selling fewer but more expensive cars. In the US, average monthly payments for a new car nearly doubled from late 2019.

And as battery-powered vehicles tend to cost more than the average combustion-engine car, the shift to EVs may make the affordability crisis even worse.-fin24

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