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Zambia has proposed to construct an oil and gas pipeline from Walvis Bay to Lusaka, The Brief has learnt.

It costs TransNamib over N$1 million to clear a major derailment, the rail operator CEO Johny Smith revealed in an exclusive interview with The Brief.

The Namibian Ports Authority (Namport)  has appointed Maritime Business and Transport Solutions (MTBS) as transactional advisors in the envisaged concessioning of the New Container Terminal (NCT) at the Port of Walvis Bay.

South Africa’s rand remains on the back foot against the dollar which continues to gain strength due to concerns over slowing economic growth globally, rising interest rates, and war risks, leading to increased market volatility.

South African mining production breached R1 trillion for the first time last year on the back of strong commodity prices, the Minerals Council South Africa said on Monday.

South Africa is likely to see another interest rate hike next week, although the increase could be larger than previously forecast, say economists at the Bureau for Economic Research (BER).

Paladin Energy says it has raised the targeted N$169 million from a share purchase plan (SPP), with proceeds to be used to restart operations at the Langer Heinrich uranium mine.

The 7.3% electricity tariff hike announces by the Electricity Control Board (ECB) will negatively impact businesses and consumers, economic analysts have warned.

The Bank of Namibia (BoN) says it is currently exploring alternative means of facilitating payments to Russia after some of the Russian banks were expelled from the SWIFT payment platform as part of global sanctions for the on-going Ukraine conflict.

South Africa faces a R1.50/litre petrol price increase in June as the government’s intervention to ease the cost of high fuel prices comes to an end.

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