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Namibians will soon know if the country is ready for the Fourth Industrial Revolution (4IR) amid indications that a team set up to investigate Namibia’s readiness will submit its findings to Cabinet at the end of the month.  

Namibia recorded 5181 new vehicle sales in the first half of 2022, an increase from 4893 vehicles sold during the same period last year.

Botswana Oil is set to establish fuel storage facilities at Mozambican and Namibian ports next month, which will double the country's strategic oil reserves and provide a buffer against declining refining capacity in South Africa.

The rand weakened to a fresh 21-month low early on Tuesday, as dollar hit a two-decade high on the view that the US Federal Reserve will hike interest rates faster and further than its peers to tackle soaring inflation.

Dundee Precious Metals is reviewing its full-year guidance for its Namibia based, Tsumeb smelter after it produced 21 100 t of concentrate in the second quarter, taking the year-to-date total volume of concentrate produced to 68 300 t; while full-year guidance for the smelter ranges between 210 000 t and 240 000 t.

The World Bank has once again failed to reclassifying Namibia's economic status into a lower middle-income economy, after it recently updated its country classification by income level for 2022-2023.

 

The Ministry of Defense and Veteran Affairs has announced the planned recruitment of new members, despite a recruitment freeze imposed by government as part of its cost containment measures.

The rand weakened in early trade on Monday, resuming its downward trend from the week before, as the safe-haven dollar strengthened amid global growth fears.

Groupe Canal+, a French broadcasting giant, which recently increased its stake in DStv-owner MultiChoice to 18.44% in June, has further increased the position to 20.12%. Canal+ began buying up shares in MultiChoice in 2020 and has spared no time to increase its stake.

The Ministry of Industrialization and Trade has increased the import age restrictions for non-commercial second-hand vehicles to 12 years from the current age cap of 8 years.

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