The Namibia National Reinsurance Corporation Ltd (NamibRe) on Tuesday declared a N$5 million dividend to its shareholder the government, through the Ministry of Finance, for the financial year ending 31 March 2021.

Telecom Namibia plans to invest over N$2.3 billion in the next five years to modernize its network and improve quality of service.

Agriculture minister Calle Schlettwein warns that rising input costs will affect Namibia’s agricultural production, with possible job losses in the near future.

Australia Stock Exchange-listed Deep Yellow, which is developing the Tumas uranium Project in Namibia, has announced a N$7.1 billion proposed merger with Vimy Resources.

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The Universities Retirement Fund and the NamWater Retirement Fund have distanced themselves from the inclusion of a compulsory preservation clause in the Financial Institutions and Markets Act (FIMA),as the fallout over the decision continues.

The Namibian Competition Commission (NaCC) has started an investigation into the pricing of Polymerase chain reaction (PCR) tests in Namibia.

The Agricultural Bank of Namibia has unveiled virtual training material on specified farming practices, aimed at transferring knowledge and skills to farmers, to enhance farming productivity country wide.

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Recently appointed Executive Director in the Ministry of Finance, Titus Ndove and Coca-Cola Namibia Bottling Company Finance Director, Rika Pretorius have been appointed to the Board of Directors of the Bank of Namibia with effect from the 1st of April 2022.

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The Government Institutions Pension Fund (GIPF) says the proposed compulsory preservation of retirement benefits under the new Financial Institutions and Markets Act (FIMA) are still to be approved.

Namibia’s trade increased by 50% to N$15.3 billion in February this year compared to N$10.2 billion recorded in February 2021, latest official figures show.

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