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Namibia has threatened to exit the Convention on International Trade in Endangered Species of Wild Fauna and Flora (CITES) if global states ban trophy hunting.

Northern communal farmers may get an opportunity to export beef to the European market following plans to construct a N$35 million meat processing plant at Katima Mulilo funded by the European Union (EU).

Namibia’s annual inflation rate, the rate at which prices are increasing, hit a five-year high of 6.8% in July, up from 4% recorded in July 2021 largely driven by increases in food, transport and non-alcoholic beverages.

The City of Windhoek councillors have approved a resolution to implement the long-standing fiber project, a development which could boost its plans to become a smart city.

The mobile money industry remains one of the fastest-growing sectors of the African economy. In fact, the total value of mobile money transactions shot up by 39% to US$701.4 billion in 2021. This effectively gives Africa a 70% stake in the global mobile money industry, which has now edged past the one-trillion-dollar valuation mark.

The Government Institution Pension Fund (GIPF) says it has no appetite to acquire the Grove Mall of Namibia, where it once held a 33% stake.

The Nedbank Group says it will continue funding Namibia’s key economic sectors as part of its contribution towards the growth of the domestic economy.

Namibia’s beef market recorded a 20% growth in cattle marketed for the first half of 2022 in a clear sign of recovery from the prolonged drought, Agribank has said.

Garden Plaza Investment CC and Jimmey Construction (Private) Limited are suing the City of Windhoek for breach of contract, after the municipality allegedly refused to pay the two companies N$919,377.91 after a road construction deal.

Pick n Pay Namibia, a subsidiary of the Ohlthaver & List Group (O&L) and the Namibia Food and Allied Workers Union (NAFAU) have signed a one-year substantive wage agreement, taking effect on 1 July 2022.

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