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Virgin Active Holdings raised £88.4 million ($118 million) from backers including billionaire Christo Wiese, and will expand with the acquisition of the nutrition assets of South Africa’s Real Foods Group.

Mozambican President Filipe Nyusi appointed former energy minister Max Tonela as his new Finance minister, replacing Adriano Maleiane, who was removed from the post on March 2.

With Namibia faced with high levels of indebtedness and alarming rates of foreclosures, which have seen the Ministry of Justice intervening. The Brief (TB) inquired from the Bank of Namibia (BoN) to find out the Central Bank’s view on these issues. Below is their response.

If you are wondering how the Russia, Ukraine conflict, which is 13 000 kilometers away, will impact you in Namibia, wonder no further. Simonis Storm Economist, Theo Klein, unpacks the impact. Below is his analysis.

Old Mutual’s Tunga Real Estate Fund has invested over N$30 million towards the development of 307 serviced ervens and affordable houses in Kaisosi, Rundu.

Namibia’s trade with the rest of the world increased by 23.8% to N$19.3 billion in January this year compared to N$15.6 billion recorded in January 2021, latest government figures show.

AfriTin Mining has identified lithium-bearing spodumene within multiple pegmatites on a mining licence located 11 km southwest of its Uis tin mine, in Namibia.

South African energy company Gigajoule is confident of reaching financial closure by year-end ahead of construction of its US$550 million Matola LNG import terminal in Mozambique with joint development partner TotalEnergies TTEF.PA, the chief executive of the privately-held firm said on Thursday.

Russia's invasion of Ukraine this week sent oil prices soaring and the ruble crashing, and added new worries about a global supply chain that showed its weaknesses during the pandemic.

Canadian exploration and mining development company, Trigon Metals Inc, says it has shipped its first shipments of copper concentrate from Kombat Mine.

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