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Namibia’s total merchandise trade during May 2022 increased by 50.4 % to N$15.9 billion, up from N$10.6 billion recorded in the same month last year, the latest official figures show.

Namibia is set to collect 55% of all revenues to be generated from oil through taxes, Mines and Energy Minister Tom Alweendo has said.

AfriTin Mining has secured a N$100 million loan from the Development Bank of Namibia (DBN) to boost production at its Uis tin mine to a million tonnes per year.

Zimbabwe's central bank said it would start selling gold coins this month as a store of value to tame runaway inflation, which has considerably weakened the local currency.

Old Mutual Namibia along with Launch Namibia, the Financial Literacy Initiative (FLI) and the United Nations Development Programme (UNDP) Accelerator Lab, has launched the Old Mutual Sustainable, Economic & Empowerment Drive (OM SEED) initiative.

Mobile Telecommunications Limited (MTC) has announced the start of its voluntary sim card registration campaign, which will run until the 1st of January 2023, targeting its over 2 million subscribers.

NamPower says although it has not been spared from the on-going loadshedding in South Africa, an electricity source market for Namibia, it has been able to offset the shortfalls to ensure adequate supply for the country.

Agriculture minister Calle Schlettwein has warned that the continued rise in fuel prices will have a negative impact on the country’s agricultural sector and will push food prices beyond the reach of many.

Namib Desert Diamonds (NAMDIA) has revealed that the diamond sales and marketing company has been dragged to the Labour Commissioner by its former founding Chief Executive Officer (CEO) Kennedy Hamutenya.

Nedbank Namibia has appointed Taleni Nengola as Head of Balance Sheet Management.

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