When railway worker, Zacharia Lewala, discovered a diamond in 1908, he and those who became part of the diamond rush would not have envisaged that 114 years later, marine diamond production would overtake land-based production.

The vessel was previously known as Additional Mining Vessel (AMV#3) and re-christened Benguela Gem.

Debmarine Namibia on Friday officially inaugurated its latest diamond recovery vessel, Benguela Gem, previously the AMV#3 (Additional Mining Vessel 3), which will commence operations from next week, well ahead of its original schedule.

Former Standard Bank Namibia Chief Executive Officer Vetumbuavi Mungunda has emerged with a 36 % stake in Schoemans Group.

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Letshego Bank Namibia (LBN) is set to start offering home loans as part of its product offering after it completed registering two bonds with the deeds office.

Agribank has in the past 12 months disbursed loans amounting to N$173 million to people and institutions in the agriculture sector.

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The City of Windhoek has approved 219 building plans worth N$156.3 million in February, representing a 24.4% m/m increase from the 176 building plans approved in January, latest statistics show.

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Standard Bank Namibia’s Corporate and Investment Banking (CIB) division has entered into  a five-year funding agreement with AfriTin Mining.

MTC has successfully rolled out its Business Support System , as the company streamlines business processes to enhance customer satisfaction. 

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In a couple of days’ Namibians will be marching yet again in celebration of Namibia’s thirty-two years of political independence. As customary, 21 March marks an important event on the national calendar.

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