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Namibia is expected to rake in N$7.3 billion (US$502.1 million) in Foreign Direct Investment (FDI) this year, up from N$5.7 billion (US$394.1 million) recorded in 2021, driven by increased investor confidence, higher commodity prices, and exploitable opportunities in the country’s renewable energy sector, analysts have said.

Finance minister Ipumbu has come out in defence of the preservation clause in the Financial Institutions and Markets Act (FIMA), arguing that the proposed regulations will instill a savings culture in the country.

Angola raised US$1.75 billion in overseas debt, becoming the second African nation after Nigeria to tap the Eurobond market since the start of the war in Ukraine.

South African Airways (SAA) still has about R1 billion in revenue from ticket sales stuck in Zimbabwe which it can't get as the southern African country continues to battle a liquidity crisis.

Telecom Namibia plans to invest over N$2.3 billion in the next five years to modernize its network and improve quality of service.

Agriculture minister Calle Schlettwein warns that rising input costs will affect Namibia’s agricultural production, with possible job losses in the near future.

Australia Stock Exchange-listed Deep Yellow, which is developing the Tumas uranium Project in Namibia, has announced a N$7.1 billion proposed merger with Vimy Resources.

The ongoing Covid-19 outbreaks suggest that a hybrid way of working could become the norm, says Boston Consulting Group (BCG) and Spencer Stuart – an executive search and leadership consulting firm.

South Africa has seen a sharp decline in the number of new coronavirus cases since the Omicron-driven peak in December 2021, but analysts and the government are warning of a possible fifth wave of infections in the coming weeks.

The Universities Retirement Fund and the NamWater Retirement Fund have distanced themselves from the inclusion of a compulsory preservation clause in the Financial Institutions and Markets Act (FIMA),as the fallout over the decision continues.

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