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The Monetary Policy Committee (MPC) of the Bank of Namibia (BoN) has resolved to maintain the Repo rate at 7.75% after its bi-monthly meeting held on 14 and 15 August 2023.

The Communications Regulatory Authority of Namibia (CRAN) says four bidders have shown interest in securing the spectrums that are being auctioned off to be used for 4G and 5G services.

The government says it will consider which state-owned public enterprises it will continue to own and operate in collaboration with private businesses or sell once the Ownership Policy Framework of entities has been finalised.

The government requires approximately N$10 billion to revamp the railway network between Kranzberg-Otjiwarongo-Otavi-Tsumeb-Grootfontein, an official has revealed.

Australia-headquartered oil and gas company, Global Petroleum Limited, has received approval from the Ministry of Mines and Energy to proceed with the first renewal period (FRP) for its Walvis Basin license, PEL 94.

Namibia recorded an 86.4% increase in vehicle sales to 1,260 vehicles in July 2023, compared to 676 vehicles sold in July last year, latest data reveals.

Nedbank says its newly launched Avo Super application in Namibia will nurture digital financial innovation and bridge the gap between customers and businesses.

Namibia's tourism arrivals increased by 98% to 461 027 in 2022 from 232,756 recorded in 2021, as the sector continues to recover.

Andrada Mining has signed off on a conditional N$480 million (US$25 million) funding package with financier Orion Resources, aimed at developing its Uis mine in Namibia.

The Ministry of Health and Social Services has proposed stringent financial capacity vetting against tenderpreneurs tendering for projects, saying absence of such vetting often leads to incomplete service delivery.

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