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Increasing commodity and freight prices are driving up the costs of solar PV and wind turbines, but these renewable energy generators are still more cost-competitive than fossil fuels like coal and gas, according to the International Energy Agency (IEA).

The Development Bank of Namibia (DBN) has to date funded renewable projects in the country valued at N$1.231 billion.

 Namibia’s annual inflation for April 2022 increased by 5.6% compared to 3.9% recorded in April 2021, latest official figures show.

Finance minister Ipumbu Shiimi on Thursday said the government is pulling all stops, including drafting relevant legislation, to ensure that the country’s Sovereign Wealth Fund is put to good use.

Namibia Breweries Limited (NBL) has halted the production of Windhoek Light beer due to low demand.

Benchmark Retirement Fund (BRF) is now the third largest pensions administrator in Namibia after its assets breached the N$5 billion mark in February this year, The Brief can reveal.

The Ministry of Finance says Namibia has established an interagency task force to tackle illicit financial flows (IFF).

The Namibia Revenue Agency (NamRA) says it has destroyed counterfeit goods worth over N$5 million which were being offloaded onto the market.

Retailer Mr Price has confirmed that YuppieChef founders Andrew Smith and Shane Dryden have resigned from their management roles at the kitchenware company. 

South Africa's auditing regulator is "concerned" about the country's application of international accounting standards. A government entity that was supposed to oversee that SA adheres correctly to these reporting standards seems to have ceased to exist, leaving the door wide open for "self-regulation" by the country's private sector.

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