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China is set to donate 200 000 additional doses of Sinopharm vaccines to Namibia, Chinese Ambassador to Namibia Zhang Yiming announced on Thursday.

South Africa’s Old Mutual announced plans on Tuesday to expand its banking services and look at acquisitions, as the insurer positioned for recovery after a tough few years that have included absorbing higher-than-expected Covid-19 claims.

Zambia's central bank raised interest rates by 50 basis points to 9.0% to help bring down stubbornly high inflation, with price rises only seen falling back within the bank's target range in 2023, Governor Denny Kalyalya said on Wednesday.

Cape Town financial-technology provider Ozow says it plans to hunt for acquisitions as well as start services in Namibia, among three other African countries.

The United Kingdom and Namibia traded goods and services worth N$2.5 billion, an increase of 5.4%, in the period between the second quarter of last year and Q2 2021, figures released by the UK’s Department of International Trade show.

Government may release a second request for proposal (RFP) early next year for the development of another large-scale green-hydrogen complex, having announced a preferred bidder for the first such project in early November.

FirstRand Namibia has launched its FirstJob Internship Programme in line with the financial services group’s broader Namibian talent development drive, to address the cries of the many Namibian graduates without work and professional mentorship. 

A total of 108 building projects valued at N$62 million were completed in October 2021, with more than half of the money being spent on housing projects, latest figures from the City of Windhoek show.

Trustco Group Holdings has lost a drawn-out battle with the Johannesburg Stock Exchange (JSE) after the South African Financial Services Tribunal (FST) dismissed its appeal against a directive by the bourse.

Windhoek will not be forced to be part of the envisaged CENTRAL RED, as participation by any local authorities in its formulation will be voluntary, the Ministry of Mines and Energy has said.

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