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 Port of Walvis Bay has facilitated the export of 25 000 tons of lithium ore to China with an additional 50 000 tons expected to be shipped later this month, port operator Namport has revealed. 

Namibia is in the process of developing a consolidated national Fourth Industrial Revolution (4IR) strategy and to increase the sector’s contribution to the national economy by means of advancing innovation and future technologies, President Hage Geingob has said. 

The Bank of Namibia has announced plans to review its legislative framework to create a suitable environment for the Central Bank's Digital Currencies (CBDCs) and Virtual Assets. 

The Reserve Bank’s Monetary Policy Committee (MPC) cranked up the benchmark repo rate by 75 basis points to 6.25% on Thursday to rein in consumer inflation which, prior to August, appeared to be hurtling towards 8%.

Pick n Pay Namibia has ruled out plans to launch an additional supermarket brand in the country to cater for middle-income market consumers due to market size and cost implications. 

 Namibia is moving to cap mineral royalties at 10% to allow the country to benefit from its natural resources. 

Minister of Finance Iipumbu Shiimi has tabled the Cheque Bill in Parliament to mark a final end of Cheques as a mode of payment.

The Development Bank of Namibia has turned to the Windhoek High Court to demand a loan repayment of N$11 767 630 from Professional Drilling Solutions.  

South Africa will move ahead with the allocation of three onshore wind stations from a delayed round of bidding to provide renewable power, an initiative intended to help mitigate record levels of power cuts.

Africa’s three biggest economies are poised to raise interest rates this week, while policy makers in several other countries stake out different approaches to navigate inflation shocks and bring prices under control.

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