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Northern Graphite Corporation (NGC) which has a large scale development projects, Okanjande in Namibia, has signed an agreement to acquire an ownership interest in NeoGraf Solutions.

Shell Namibia Upstream B.V, which is carrying out appraisal work on its oil find off the coast of Namibia , has applied to the Environmental Commissioner seeking to drill additional exploration wells.

The Bank of Namibia (BoN) is expected to increase interest rates by 25 basis points (bps) tomorrow as the country struggles to contain rising inflation. 

The Financial Intelligence Centre (FIC) says Namibia is making frantic efforts to fully comply with anti-money laundering (AML) and countering the financing of terrorism (CFT) regulations to avoid it being grey listed.

The rand is trading on the wrong side of R18/$ for the first time in more than three months, as expectations grow that US interest rates may still climb much higher.

The Ministry of Industrialisation and Trade (MIT) is set to develop 36 hectares of land donated by the governments of Congo and the Democratic Republic of Congo (DRC) into Trade and Industrial Estates, which will serve as a hub for the promotion and trading of Namibian goods and services in the West and Central African markets.

South African low-cost airline, FlySafair is set to launch scheduled flights to Windhoek in addition to Harare and Zanzibar after receiving permission from the International Air Services Council.

The multibillion-dollar Windhoek-Hosea Kutako International Airport Road Project is set to reach completion in September 2024, with the entire route to be officially open to the public by December of the same year.

The Namibian vehicle market had a promising start in 2023, with 798 units sold in January 2023, compared to 708 in January 2022, representing a year-on-year increase of 12.7%. 

FlyEtosha Airways is still to secure the prerequisite licences to start offering scheduled flights in the country, The Brief can reveal. 

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