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Global Emerging Markets Group (GEM) has emerged with a 78% shareholding in Sperrgebiet Diamond Mining after an equity transaction with founding Namibian shareholders, Lewcor Holdings and its minority partners, David Sheehama and MSF Commercials as part of a capital raising initiative.

The Retirement Fund For Local Authorities and Utility Services in Namibia (RFLAUN) says government is still moving ahead with the promulgation of the Financial Institutions and Markets Act (FIMA) on the 1st of October 2022 despite Finance minister Ipumbu Shiimi having announced a postponement.

The government will have to cough up atleast N$7 billion to complete the dualisation of the 90 kilometre Windhoek-Rehoboth Road, The Brief has established.

President Hage Geingob will this week rub shoulders with global business magnates such as Tesla CEO Elon Musk and Africa’s richest man Aliko Dangote in Doha at the second annual Qatar Economic Forum.

Tourists are slowly flocking back to Namibia after the country recorded a national hotel occupancy rate of 39.4% in May 2022, latest figures from the Hospitality Association of Namibia (HAN) show.

Capricorn Private Wealth (CPW) hosted an exclusive stakeholder event for its female clients.

During the early morning hours in Geneva, WTO ministers approved a package of agreements that included the vaccine patent waiver, which Director-General Ngozi Okonjo-Iweala previously said was necessary to end the “morally unacceptable” inequity of access to Covid-19 vaccines.  

Mobile Telecommunications Limited (MTC) and the World Food Programme (WFP) have entered into a five-year partnership agreement which aims to improve and support programmes targeted towards food systems infrastructure, rural transformation, human capital development and digital solutions.

Hollard Insurance Company of Namibia is expected to fork out N$3million in fines after entering into a consent agreement with the Namibia Competition Commission (NaCC) regarding a 2017 investigation into uncompetitive exclusive dealing allegations.

Government says it will not subsidise the importation of Electric Vehicles (EV) to cushion consumers amid rising fuel costs.

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