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Economic advisory firm Simonis Storm (SS) has warned that the shortage of global chip (semiconducter) will impact Namibia’s vehicle sales growth.

The City of Windhoek approved 2,682 building plans in 2021, a 6.3% increase compared to 2,524 in 2020, while a total of 1,729 projects were completed, a marginal 0.5% increase compared to 1,720 in 2020.

The City of Windhoek has extended Jennifer Comalie’s tenure as Acting Chief Executive Officer by three more months.

Former finance minister Tito Mboweni has been appointed as a regional advisor for the US investment bank Goldman Sachs.

China’s development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed.

Evidence emerging from the first central bank digital currencies (CBDCs) around the world suggests there is no one-size-fits-all model as stability and privacy are designed into systems, the head of the International Monetary Fund has said.

Public Enterprises minister, Leon Jooste says his Ministry has not sanctioned the disposal of National Petroleum Company of Namibia (NAMCOR)’s 5% carried participating interest in Reconnaissance Energy Africa Ltd. (ReconAfrica) exploration activities in the Kavango Basin.

The National Petroleum Company of Namibia (NAMCOR) has agreed to sell half of its stake in the petroleum exploration licence (PEL 73) in the Kavango Basin to Reconnaissance Energy Africa (ReconAfrica) for a total consideration of N$414 million.

Capricorn Group Limited is projecting improved profits for the half year ending December 31, 2021.

Zambia’s central bank expects to complete research on forming a digital currency that could cut transaction costs and boost participation in the formal financial system by the fourth quarter.

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