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The Bank of Namibia (BoN) says it has started exploring the establishment of a Central Bank Digital Currency (CDBC) and measures to regulate cryptocurrency.

Canada’s Osino Resources may seek around N$3.8 billion (US$250 million) in 2022 to build a gold mine at its Twin Hills project in Namibia, CEO Heye Daun said.

The Government Institutions Pension Fund (GIPF) is a signatory to the United Nations’ Principles for Responsible Investing (UNPRI), which are a set of six principles that seeks to incorporate Environmental, Social and Corporate Governance (ESG) factors into investment decisions.

MTN shares soared on Friday after the announcement that Nigerian authorities had approved its licence for the Mobile Money (MoMo) payments service - which is is likely to be a significant revenue stream for the pan-African mobile operator.

Mozambique ruled out reworking its sole $900 million Eurobond, even as delays in giant liquefied natural gas projects because of an Islamic State-linked insurgency cost it revenue, the Finance Ministry said.

Work is due to begin on Botswana’s second privately-owned coal mine in the first quarter of next year, the CEO of Maatla Resources told Reuters, despite calls to abandon coal.

Hyphen Hydrogen Energy, which has won two bids to construct Namibia’s inaugural green hydrogen projects, is targeting to produce 1Gigawatts of electricity and create over 32 000 jobs, The Brief can reveal.

Zimbabwe stocks have paused for breath after soaring about 370% in 2021, a breakneck rally spurred by investors turning to the bourse as a haven against inflation.

MTN Group plans to sell shares in the carrier’s Nigeria unit worth about 101 billion naira (R3.7 billion), continuing a plan to sell assets and pay down debt.

The Government is considering the possibility of using 50% of proceeds from the Mobile Telecommunications Limited (MTC) Initial Public Offering (IPO) as seed capital to kick start the much-anticipated Sovereign Wealth Fund (SWF), dubbed the Welwitschia Fund.

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