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Former economic presidential adviser, Dr. John Steytler, officially started his new role as the Chief Executive Officer (CEO) of the Development Bank of Namibia (DBN) on Friday.

Namibia Power Corporation's (NamPower) 40 megawatts (MW) biomass power station aims to yield around N$21 billion in microeconomic and macroeconomic benefits, The Brief has established. 

NamWater and Osino Resources (Osino) on Wednesday inked an agreement to collaborate on the development of water infrastructure and supply to the Twin Hills Gold Mine.

The Chakula Investment Group says it has invested N$37 million towards the construction of a state-of-the-art abattoir set to open in the Kunene Region, Otjikondo area in October.

The Federation of Namibian Tourism Associations (FENATA) has raised alarm over the lack of awareness and acknowledgement of the tourism industry's profound financial and societal contributions to the country.

The Ministry of Finance and Public Enterprises has directed all public entities to allow suppliers, contractors, and service providers who have been awarded procurement contracts to enter into cession agreements with third-party financiers.

The Ministry of Agriculture, Water and Land Reform (MAWLR) has opened the once dormant Rundu abattoir, which will now be under the management of the Meat Corporation of Namibia (Meatco).

The Development Bank of Namibia (DBN) and KfW Development Bank have signed a second concessional loan of approximately N$600 million.

The Ministry of Industrialisation and Trade says it will soon start consultations on the drafting of Special Economic Zone (SEZ) regulations and laws after the policy formulation was done last year. 

President Hage Geingob says Namibia will only work with investors who can operate locally with the view of exporting finished products as opposed to raw materials.

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