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The South African Reserve Bank will raise its benchmark interest rate by 50 basis points to 5.25% next Thursday as it tries to rein in quicker inflation, a Reuters poll found.

Agribank and the Namibia Biomass Industry Group (N-BiG) have signed a 5-year Memorandum of Understanding to cooperate in the development and amendment of financing products aimed at scaling-up projects in bush control and biomass utilization, as well as the sharing of data required to develop loan products that are responsive to market needs.

Hartlief Corporation is on the hunt for new market opportunities after it started exports to Botswana, with Angola exports at an advanced stage. 

Mines and Energy Minister Tom Alweendo has come out in defence of the National Petroleum Corporation of Namibia (Namcor), arguing there was nothing illegal about the state owned company’s involvement in fuel retailing. 

Namibia should swiftly implement a string of reforms to allow the country to benefit from its oil find, economic advisory firm Simonis Storm has warned.

The Environmental Investment Fund of Namibia (EIF) has funded two projects to the tune of US$9,5 million while the government has contributed US$500 000 to the initiative.

The Namibia Revenue Agency (NamRA) this week made a bold move towards eliminate unnecessary delays at the country’s exit points by launching the Advance Ruling Programme.

The euro has taken a major beating against its US peer since Russia's invasion of Ukraine in February, falling to its lowest level in 20 years as surging gas prices and uncertainty around the Russian energy supply stoke recession fears in the eurozone.

The South African Reserve Bank is set to introduce new regulations around trading cryptocurrency in the country in the next 12-18 months, says deputy governor Kuben Naidoo.

Alpha Namibia Industries Renewable Power Limited (ANIREP) and the International Finance Corporation (IFC) have partnered to conduct a feasibility study to determine the viability of developing a 10-20 MW independent solar power plant.

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