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National power utility company NamPower says it has invested N$50 million in two mobile substations, which it expects to take delivery mid 2022.

The Directorate of Veterinary Services (DVS) says it has successfully controlled and contained the Foot and Mouth Disease (FMD) outbreak in the Zambezi region, and lifted all animal movement restrictions.

Shell is within hours of spudding an appraisal well on its major Graff oil discovery offshore Namibia, a find that could contain about 400 million barrels of oil.

Namibia’s annual consumer price inflation hit a high of 4.6% in January 2022 compared to 2.7% recorded in January last year.

A majority of Distell’s shareholders have voted in favour of Heineken’s move to acquire the local liquor maker.

The approval follows Distell’s extraordinary general meeting on Tuesday, where shareholders cast their votes on resolutions related to the deal, such as the scheme of arrangement and the approval of the Distell Namibia transaction.

Investor appetite for emerging markets has waned this year, but they still have a taste for South Africa.

Grindrod Ltd., the Johannesburg-listed logistics operator, plans to triple capacity at its drybulk port terminals in Mozambique to cater for growing demand for coal exports from neighbouring South Africa, the company said Monday.

Namibia has failed to meet the World Health Organisation (WHO) target of vaccinating at least 40% of its eligible population by the end of 2021, Health minister Kalumbu Shangula has said. 

FirstRand Namibia says it expects its half-year earnings for the period ended December 31, 2021 to rise by at least 10% compared to the previous period.

There is a reason South Africa’s currency is called “the rattler.”

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