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Adidas South Africa has approached the Windhoek High Court seeking to change its sole witness in a matter in which the company is seeking over N$2 million in damages from Namibian businessman Roland Jacobs, owner of the Street House stores.

Bank of Namibia (BoN) Governor Johannes !Gawaxab has challenged local companies to stimulate production and help the country reduce its import bill.

The repo rate has been hiked by 75 basis points on Thursday.

India is now Namibia’s second largest source market, with trade between the countries coming in at N$4.3 billion, the Ministry of International Relations has revealed.

Namibia says it has no debt problem and dismissed a recently published Sovereign Debt Vulnerability Index published by Visual Capitalist and further distributed on Bloomberg, saying the methodology used was incoherent and misleading.

Trigon Metals Inc has secured N$470 million funding for its Kombat Mine in Namibia in exchange for a silver and copper stream agreement with Sprott Resource Streaming and Royalty Corp and Sprott Mining Inc.

Standard Bank says former Oshakati mayor, Katrina Shimbulu, failed to fulfil all obligations to purchase a 4007.3421 Hectare farm from the bank.

SA's annual consumer inflation spiked to 7.4% in June, from 6.5% in May, Stats SA reported on Wednesday.

South Africa’s real interest rate is at the lowest level in almost a quarter century, adding to the case for continued aggressive monetary-policy tightening by the central bank on Thursday.

Impact Oil & Gas is planning to raise up to N$1 billion from existing shareholders for further drilling to value the oilfield off the coast of Namibia.

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