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Namibia is home to over 1 700 millionaires with a wealth of more than US$1 million, 60 individuals with a wealth of more than US$10 million and three with a wealth of more than US$100 million, a new report by Henley & Partners and New World Wealth shows.

Economic analysts have predicted that the Bank of Namibia will announce two more rate hikes before year end.

 Inflation in Namibia slowed down marginally to 5.4% in May compared to 5.6% in the prior month, latest data from the Namibia Statistics Agency (NSA) show.

B2Gold maintains ore production at its Wolfshag underground mine will commence soon, and will complement the open pit ore supply at Otjikoto.

Even after central banks recognised they got their inflation calls wrong last year, they’ve continued to flub their policy guidance, threatening greater damage to their credibility, roiling markets and undermining the pandemic recovery.

Acting Minister of Public Enterprises, Ipumbu Shiimi has announced the extension of the Namibia Wildlife Resorts (NWR) board’s term of office on a temporary basis from 15 June until 14 December 2022.

The Development Bank of Namibia (DBN) has distributed more than N$7 billion in loans to projects or businesses and enterprises in the country, The Brief can exclusively review.

The Namibia Revenue Agency (NamRA) has expressed concern over companies in the Khomas region that are contributing fewer taxes to the fiscus compared to individuals.

The Bank of Namibia (BoN) has begun monitoring monetary developments in South Africa to see if they will have major implications on the domestic economy.  

The Standard Bank group has revised its interest rate forecasts for 2022, with the bank now expecting more hikes as inflation continues to bite.

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