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Pan-African microlender Letshego has parted ways with its Group CEO and Executive Director Andrew Okai.

China should head the creditors committee being formed to renegotiate Zambia’s $17.3 billion of foreign debt because that will help accelerate the resolution process, the southern African country’s finance minister said.

Banks in Africa see the entry of telecommunication companies into banking services as a threat to their market share as more mobile firms venture into the sector, a report on digital banking in the continent has found.

The Electricity Control Board (ECB) says the annual electricity tariff increment is necessary for the country to avoid load shedding.

Namibia’s trade with the rest of the world increased by 22% to reach N$15 billion in March 2022, compared to N$12.3 billion recorded in March last year, latest official figures show.

Namibia Investment Promotion and Development Board (NIPDB) says it currently has N$ 94.72 billion active prospective investments being facilitated, with a potential of creating 122 000 jobs.

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has appointed Johannes Smit Deputy Chief Executive Officer: Market Conduct and Operations with effect from the 1st of May 2022.

Elon Musk has secured about US$7.1 billion of new financing commitments for his proposed US$44 billion takeover of Twitter, the company said in a filing Thursday.

Inflation in South Africa is set to rise to 8% this year, overshooting the central bank’s target amid the global impact of the Ukraine conflict and rising US interest rates, credit rating agency Moody’s forecast in a report on Wednesday.

FirstRand Namibia has appointed Taimi Shejavali as the new CEO and Portfolio Manager for Ashburton Namibia.

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