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Zimplats, the Zimbabwean unit of Impala Platinum, has announced a new $1.8 billion (about R28 billion) capital shore-up to develop a new mine, expand existing production and processing capacity at existing ones, and to cater for power outages through a 185 MW solar power plant.

Diamond miner De Beers Group has applied to conduct exploration activities in north-eastern Angola following substantive and consistent reforms implemented by the country's government that enable the country’s diamond endowment to "underpin transformative socioeconomic growth for local communities".

Standard Bank Namibia has opened its first in-store banking branches in the country that will operate outside normal working hours as the financial institution seeks to offer convenience to customers.

TymeBank's sister company just got $70 million (about R1.1 billion) from Tencent and UK's development financier to expand its operations.

Alexander Forbes is buying one of Sanlam's businesses in a transaction that will increase its client base by 40%.

The industrial cannabis/hemp industry has immense growth potential in South Africa; and the continent as a whole, due to favourable climates, affordable land and relatively low labour costs, notes law firm Cliffe Dekker Hofmeyr.

The International Monetary Fund sees "downside risks" to the global economic rebound it forecast for this year and next, and is concerned that new coronavirus variants may hinder the recovery, its chief economist said. 

RMB and FNB Namibia have won the Best Foreign Exchange Provider 2022 in Namibia – a first time for the country in this specific category after being named by Global Finance magazine its 22nd  annual World’s Best Foreign Exchange Providers as part of the G.W. Platt Foreign Exchange Awards for 2022.

Namibia has officially confirmed the presence of the Omicron coronavirus variant after 18 cases were detected in the country. 

The Bank of Namibia released the Economic Outlook Update for December 2021 with the domestic economy expected to grow by 1.5% in 2021, and 3.3% in 2022, with risks to domestic growth remaining dominated by the impact of the COVID-19 pandemic.

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