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Madison Metals entered into an agreement to acquire a 23% interest in mining licence (ML) 121 in Namibia through the acquisition of a 24% ownership interest in Namibia Nuclear Corporation by way of a share purchase agreement.

Mobile Telecommunications Limited Namibia (MTC) has launched MTC Credit Life – a credit life cover insurance product targeted at its post-paid customers.

Namibia will miss its target of becoming a fully-fledged industrialised country by 2030, Chairperson of the parliamentary standing committee on Economic and Public Administration Natangwe Ithete, has warned. 

Listed financial services group, Capricorn Group Limited, which owns Bank Windhoek, says it recorded an after-tax profit of N$1.15 billion for the year ended 30 June 2022. 

The CEO of the Namibia Chamber of Commerce and Industry (NCCI), Charity Mwiya, has chastised the implementation of laws and regulations that are making it difficult for start-up businesses to flourish. 

The City of Windhoek has embarked on a N$868 million property development plan that aims to construct 1 200 houses and create over 15 000 jobs.

Old Mutual Namibia, through its Tunga Real Estate Fund, has concluded the acquisition of a controlling 63.8% stake in MICC Properties Namibia for N$700 million.

Wernhil Shopping Centre, a property of Ohlthaver & List (O&L) Group subsidiary, Broll Namibia expects a cost saving of N$1.28 million in the first year after installing a carport solar photovoltaic (PV) system, capable of producing 2,108,700 kilowatthours (kWh) annually.

Canal+, a unit of France’s US$9.7 billion Vivendi SE, has been speeding up its acquisition of shares in South African television and entertainment company MultiChoice Group, with its stake having risen to 26.26% from 15.37% a year ago.

Germany raised 760 million euros (US$760 million) from the sale of a stake in Deutsche Lufthansa AG, unwinding all of the holding it took to keep the flagship carrier afloat during Covid-19 lockdowns.

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