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Namibia and Botswana have extended the usage of national identity (ID) cards for cross-border travel between the two countries to Ngoma, Impalila Island, and Mohembo Border Posts with immediate effect.

The Central Procurement Board of Namibia (CPBN) says it has disbursed N$7 billion worth of tenders in the past five years of its existence.

Oryx Properties has announced that it has completed the acquisition of the Dunes Mall in Walvis Bay.

The Namibian Stock Exchange-listed company said the development concludes the first phase of its 2025 corporate strategy to grow the fund by 60% in three years. 

This comes as the property firm raised N$312.7 million from its recent rights issue, proceeds of which were directed towards the N$632.7 million purchase price.

"Oryx hereby informs Linked unitholders that the Dunes Mall (Pty) Ltd acquisition has been successfully concluded with the transfer of the shares taking place today, Tuesday 01 August 2023. The acquisition concludes the first phase of the 2025 corporate strategy to grow the fund by 60% in three years," the company said in a stock exchange announcement. 

The acquisition aims to achieve geographic diversification and reduce reliance on its largest asset, Maerua Mall.

Dunes Mall is one of the biggest malls in Namibia.

Oryx is a listed property investment fund with a N$3 billion property portfolio and exposure to different real estate industry segments. As part of its Strategy 2025, the company aims to grow the property portfolio to N$4.5 billion geographically within Namibia.

 

The Ministry of Agriculture, Water and Land Reform says it will need to relook at its specification to suit potential clients if no bids will be received in the second round of the Green Schemes advertised for private investor uptake.

 The Ministry of Agriculture, Water and Land Reform, in collaboration with the European Union, will construct an artificial insemination facility at Okapya Livestock Development Centre in the Oshikoto Region.

Reconnaissance Energy Africa (ReconAfrica) has appointed Brian Reinsborough as President and Chief Executive Officer, effective August 1, 2023.

The Old Mutual Foundation says it has received over 400 applications for the Old Mutual Sustainable, Economic, and Empowerment Drive (OM SEED) initiative and has now shortlisted the top 30 candidates.

Hartlief and the Namibian Food and Allied Workers Union (NAFAU) have agreed to a 5.2% increase in basic salaries, as well as increases to both housing and transport allowances for all Bargaining Unit employees.

Galp, the operator of Petroleum Exploration License (PEL) 83 in Namibia's Orange Basin, has announced that it will start drilling the first of two exploration wells by the end of 2023.

The Namibia Investment Promotion and Development Board (NIPDB) says the recent oil discoveries and project interventions in the gas and renewable sectors have the potential to address the country's social ills of poverty, unemployment and energy deficiency.

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