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Namibia’s annual inflation outlook for 2022 has been revised upwards to an average of 5% from the initial estimate of 4.7% due to rising global oil prices triggered by the ongoing Ukraine, Russia conflict, with price hikes forecasted.

The City of Windhoek has approved 219 building plans worth N$156.3 million in February, representing a 24.4% m/m increase from the 176 building plans approved in January, latest statistics show.

Standard Bank Namibia’s Corporate and Investment Banking (CIB) division has entered into  a five-year funding agreement with AfriTin Mining.

MTC has successfully rolled out its Business Support System , as the company streamlines business processes to enhance customer satisfaction. 

The South African Reserve Bank’s Monetary Policy Committee is expected to hike interest rates by a further 25 basis points on 24 March, say economists at banking group Absa.

Rand Merchant Investment Holdings (RMI) plans to list OUTsurance, the company has confirmed.

The Environmental Investment Fund of Namibia (EIF) has launched the Urban Agriculture Grant e-voucher card issuance and terminal roll-out in Windhoek.

Canada listed mining firm Trigon Metals Inc has raised N$29.4 million (US$1,945 000) from a private placement, with net proceeds from the offering set to be used for the recommencement of mining at the Kombat Mine.

Namibia’s inflation continued an upward trend in February, increasing by 4.5% compared to 2.7% recorded in February 2021, the Namibia Statistics Agency (NSA) has announced.

Namibia has joined a number of global countries such as Denmark, England, Belgium, Netherlands and Sweden that have scrapped the mandatory wearing of face masks in the wake of declining COVID-19 cases.

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