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Madison Metals and an undisclosed vendor have agreed to extend the closing of the Khan project agreement, which covers mining licence (ML) 86A and exclusive prospecting licence (EPL) 8905 in Namibia.

The Namibia Power Corporation (NamPower) met 95% of the country’s power demand, spurred by Ruacana Hydro Power Station, which covered 60% of the requirement.

 

Namibia has an urgent need to establish a pension fund for self-employed individuals and others operating in the informal sector, a financial services group has said.

The Ministry of Mines and Energy has announced a decrease in the price of diesel by 80 cents for May, while the petrol price is set to remain the same.

Youth urban migration in Namibia has hampered the nation’s agriculture sector’s ability to reduce unemployment and poverty among the age group, a new report has shown.

FNB Namibia has announced that it will be the sole bank implementing the Common Monetary Area (CMA) payment changes starting from June 11, 2023 in Namibia.

Most South African economists and investment specialists expect another interest rate hike from the South African Reserve Bank (SARB) when its Monetary Policy Committee (MPC) meets next month.

The Namibian Competition Commission (NaCC) has launched investigations against Namib Mills and Namib Poultry Industry for alleged refusal to supply certain poultry products to new entrants.

NAMFISA says it expects Namibia’s non-banking financial sector to remain solvent despite recording a contraction of 1.2% in assets to N$366.1 billion in 2022.

 

 RMB Namibia CEO Philip Chapman says there are many ESG opportunities people should seize.

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