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Mines and Energy Minister Tom Alweendo says Namibia has hardly benefited from exploring carbon sources as a means to industrialize and grow its economy, despite the country having served for over 100 years as a carbon sink.

Economic advisory firm Simonis Storm says the newly launched Welwitschia Sovereign Wealth Fund could be abused if no proper guidelines are put in place.

Listed technology metals mining company AfriTin Limited has announced metallurgical test work results showing the successful production of a petalite lithium concentrate at its flagship asset at Uis Tin Mine in Namibia.

Namibia Asset Management Limited (NAM) incurred a drop in operating profit for the six months ended 31 March 2022. 

The Serum Institute of India (SII), the world’s biggest vaccine maker, is considering setting up its first manufacturing plant in Africa as it looks to expand globally after its success in selling Covid-19 shots, its CEO said.

A group of millionaires attending the exclusive Davos retreat in the Swiss Alps has called on world leaders to force them to pay more tax.

French development agency, Agence Française de Développement (AFD) and the Development Bank of Namibia (DBN) have signed a N$5.03 million (€300,000) funding agreement.

The Government Institutions Pension Fund (GIPF) will have to wait a little longer before it starts receiving its settlement payout from funds invested in troubled Steinhoff International Holdings.

The International Monetary Fund’s latest World Economic Outlook 2022 published in April 2022, says China’s economic slowdown could set back the economic recovery in emerging markets and developing countries, especially commodity exporters like Namibia.

Ask some of the world’s rich and powerful descending on Davos this week and they’ll tell you: After a two-year pandemic-enforced hiatus from the Swiss ski resort, the annual meeting of the World Economic Forum just isn’t going to be the same.

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