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NamPower says it currently has no Solar PV commitments beyond the 20MW Khan Solar IPP PV and the recently completed 20MW Omburu PV project.

Ten public enterprises are earmarked to receive N$746.8 million in total as a government subsidy for the 2022/23 financial year, the Ministry of Public Enterprises announced on Thursday.

 London Stock Exchange-listed Cloudbreak Discovery has partnered with Gondwana Petroleum Namibia, Timeworn Investments, Pioneer Oil and Gas Consulting and a Swiss Based Asset Manager to explore oil in Namibia.

Vedanta Zinc International (VZI) says it’s still moving ahead with plans to set up a smelter in Namibia.

South African Breweries (SAB) owner AB InBev is selling its stake in its joint venture with Turkish beer maker Anadolu Efes in Russia, as that country’s invasion of Ukraine continues.

Morgan Stanley increased its third- and fourth-quarter price forecasts for global benchmark Brent crude by $10 a barrel due to a greater-than-expected supply deficit driven by Russia and Iran.

 The Namibia Deposit Guarantee Authority (NDGA)’s market value more than doubled to N$10,259,574 in 2021 up from N$4,902,924 reported in 2020.

 Close to N$800 million has changed hands on the Namibian Stock Exchange (NSX) in the past week, with a record trade of N$391.22 million recorded in one day.

There are fears that Namibia’s annual inflation could reach a high of 7% this year, unless there are significant developments across the world to halt crude oil prices.

The Government Institutions Pension Fund (GIPF) will be hosting a series of pre-retirement workshops in Windhoek aimed at preparing its members between the ages of 53 and 59 years, who are planning to go on early or normal retirement.

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