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The Namibian government might have to borrow to meet the funding requirements of the N$924 million last-minute deal struck with civil servants to avert an imminent nationwide strike.

The Namibia Students Financial Assistance Fund (NSFAF) is demanding repayment of N$529 250 from a former employee, who allegedly defrauded the company by preparing payment requisition documents and instructing Bank Windhoek to make payments into the account of a person posing as a student.

Australian uranium development company Bannerman Energy Limited has announced that it has submitted its Mining Licence (ML) Application with the Ministry of Mines and Energy (MME) for the proposed Etango-8 uranium mine.

Namibia’s insurance sector received the highest number of complaints from consumers of financial services in the first quarter (Q1) of 2022 according to non-banking sector regulator, the Namibia Financial Institutions Supervisory Authority (Namfisa).

Trevali Mining has received credit approval from Standard Bank Namibia and Standard Bank of South Africa for a Senior Secured Financing Facility of N$1.86 billion (US$110 million) to fund the expansion of the Company’s Rosh Pinah Mine in Namibia.

The Food and Agricultural Organisation (FAO) and Namibia Statistics Agency (NSA) have joined forces to conduct an agricultural census to assist with planning in the sector.

Trustco Group Holdings says its disinvestment from Sierra Leone diamond mining company Meya Mining will allow it to transition into a fully-fledged investment entity operating within the emerging markets.

The Bank of Namibia (BoN) says the country’s financial system is robust and resilient to withstand elevated risks and vulnerabilities emanating from the global environment.

Letshego Holdings has partnered with the Ongos Valley Group to provide financial assistance to aspiring homeowners, including those who do not qualify for housing bonds with other commercial banks.

China will deepen its ties with Africa over the next decade by focusing on trade and is unlikely to be dislodged by US and European Union attempts to re-engage with the continent, the Economist Intelligence Unit said. 

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