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Namibian motorists on Friday heaved a sigh of relief after the Ministry of Mines and Energy maintained diesel and petrol prices for the month of August, and extended fuel price relief measures introduced in May.

The government has averted a major fuel crisis by increasing dealer margins by 50 cents.

The High Court has dismissed with costs a recent application that sought to stop Reconnaissance Energy Africa from continuing with its oil and gas exploration activity in the Kavango basin.

Jeremy George has been appointed Group Chief Executive Officer of the Frans Indongo Group, taking over the reins from Kobus van Graan who has held the position for the past 15 years.

Cash-strapped Namibians seeking to reduce their debt burdens are slowly turning to Asian vehicle models, with data showing an increasing uptake of the models, with an average 15 units per month sold.

Eskom, the South African state-owned power utility, is looking to replace Zimbabwe as an importer of electricity from Mozambique and Zambia to help ease rolling blackouts.

Nearly each week if not after every two days, somewhere in the country there are placards and hordes of people chanting and threatening to down tools as they demand for better wages and improved benefits, while in worst scenarios some end up losing their employment as a result of striving for bread and butter.

Debmarine Namibia is planning to increase its contribution to the fiscus by nearly 200% to N$4.7 billion this year, up from N$1.6 billion in 2021.

Namibia has opened talks with the Indian government to source cheap fuel from the leading Asian petrol and diesel exporter.

Global tax reforms currently being thrashed out aim to address challenges arising from the digitalisation of the world economy, particularly the problem of large multinationals paying low levels of tax.

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