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The Nedbank Group has committed to continue funding the development of renewable energy, which has the potential to deliver positive long-term sustainable outcomes for South Africa, Namibia, and the rest of the African continent.

Namibia and Germany have signed a Joint Declaration of Intent (JDI) to cooperate in the field of green hydrogen and associated synthetic fuels.

The Namibia Financial Institutions Supervisory Authority (NAMFISA) says it has recovered over N$5.1 million in the past five quarters ending December 2021 from complaints raised by members of the public.

JSE-listed Famous Brands on Wednesday announced it has acquired a majority stake (51%) in plant-based casual dining restaurant Lexi’s Healthy Eatery, the group says it aims to make the plant-based sustainable lifestyle more accessible and convenient for consumers.

Local ride-hailing company, LEFA has received a N$250 000 sponsorship from Namibia Breweries Limited (NBL).

The Government Institutions Pension Fund (GIPF) says it is at an advanced stage of launching a Pension Backed Home Loan scheme that will allow members to use their pension as collateral to buy or renovate property.

 Namibia’s tourism sector is expected to bounce back to pre-pandemic levels by 2023 according to RMB.

Namibia’s Cylon Accounting is among nine African startups that have been selected by Startup Wise Guys for its accelerator program, securing N$1.1 million (65 000 euro) in funding, with potential of securing an additional N$4 million (250 000 euro).

Paratus Namibia Holdings Ltd (PNH) says its after-tax profit increased by 18.4% to N$19.6 million for the interim period ended 31 December 2021.

US executives with a business degree are more likely to oversee declining pay at the businesses they run, yet tend not to deliver an increase in profits or sales, according to a new paper circulated by the National Bureau of Economic Research.

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