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Namibia’s gambling industry revenues plummeted by 77% from N$338 million in 2019/20 to N$76.6 million in the 2020/21 financial year due to restrictions imposed to curb the spread of COVID-19, the government has said.

Namibia’s mining sector is emerging from the coronavirus pandemic-induced crisis that saw it contracting by nearly 15% in 2020. The Brief (TB) caught up with Chamber of Mines of Namibia CEO, Veston Malango (VM) to discuss the performance of the country’s mining sector in 2021, new developments and its outlook. Below are excerpts of the interview.

One of the most important factors we need to consider as individuals is how our families are taken care of when we pass away. It is important to understand the role that Life and Funeral Insurance plays in our financial planning. Primarily, Life and Funeral Insurance caters to different needs.

Corporation plans to ramp up its new investments in Africa to US$10 billion annually in support of businesses that it sees helping to drive economic recovery and growth on the continent.

Global brand research group Brand Finance has published its 2022 Global 500 Banking report – ranking the most valuable banks in the world, including seven banks from South Africa.

African tech still grew faster than any other region with two times the activity of last year and more than three times the amount invested, reaching $5.2 billion (R80bn), according to a Partech Africa's annual report on VC Funding for African Startups.

Global food prices jumped toward a record last month, further adding to the surging cost of living for consumers.

Cash is still king in Namibia despite the fact that most countries in the world are increasingly turning to cards and apps for payments during the pandemic.

Eos Capital-managed Euphrates Agri fund has acquired a minority stake in Cherry Irrigation’s Namibian business for an undisclosed amount.

Credit Suisse Group AG will refer its private banking clients to Barclays Plc in nine African markets as the Swiss lender exits most of the sub-Saharan region.

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