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Namibia Wildlife Resorts (NWR) has turned around its fortunes, enabling it to pay off its debt of N$93.8 million before its financial year ends next week.

 The European Union (EU) has committed to invest about N$20 billion towards the strategic partnership on sustainable raw materials and green hydrogen in Namibia.

 The Bank of Namibia on Wednesday decided to leave rates unchanged after the Monetary Policy Committee (MPC) met for the fifth time this year. The repo rate remains at 7.75%, and the prime rate at 11.50%.

Eco Atlantic Oil and Gas, a London AIM and Toronto Stock Exchange-listed exploration company, is shifting its focus in the Walvis Basin to reservoirs beyond 1,000 to 1,500 metres to find significant oil reserves.

De Beers' rough diamond production in Namibia remained flat in the third quarter (Q3) at 0.530 million carats compared to 0.531 million carats in the corresponding quarter of 2022.

Namibia plans to introduce new investment incentives and Special Economic Zones in 2024 to fast-track economic growth.

In a world increasingly focused on sustainability and environmental responsibility, the concept of "green investing" has gained significant traction. It signifies a shift away from traditional investing techniques and towards a broader commitment to environmental and social well-being.

President Hage Geingob has reiterated that Namibia will no longer export raw metals.

Namibia is exploring the possibility of venturing into carbon trading, The Brief can exclusively reveal.

The Namibia Revenue Agency (NamRA) says the construction sector owes it N$2.6 billion in tax arrears, leading to revenue loss by the tax collector.

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