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Namibian business to business e-commerce startup JABU has confirmed that it has raised a N$50.6 million (U$3.2 million) financing round.

German has ruled out providing funding towards the construction of a second desalination plant in Namibia.

Pan-African financial services group Letshego Holdings Limited is set to roll out its digital savings platform LetsGo Digital Mall in Namibia.

The United Nations has identified 17 Sustainable Development Goals that we as humanity should be trying to achieve. All are noble, all are essential, but some get more attention than others. Especially in a country like Namibia. Sadly we cannot take access to food or the absence of poverty and access to education for granted.

The United Kingdom (UK) is considering scrapping its pre-departure Covid-19 test requirement for vaccinated travelers entering the country, according to people familiar with the matter, after airlines hard-hit by the Omicron variant lobbied for the rules to be eased.

South Africa is likely to see at least three interest rate hikes in 2022 as the South African Reserve Bank (SARB) has indicated that it will begin unwinding its accommodative monetary policy stance, say economists at Momentum Investments.

Shopping on social networks such as Facebook, TikTok and WeChat is going to grow three times faster than sales from traditional channels over the next three years, according to a study released by Accenture. 

As part of our inaugural “2021 In Review”, The Brief (TB) interviewed some of Namibia’s leading Executives to hear their thoughts about the year 2021 and what the future holds for their organisations and the sectors they operate in. We recently sat down with Namibia National Reinsurance Corporation (NamibRe) Managing Director, Patty Karuaihe-Martin (PKM), to discuss the reinsurer’s year in review and prospects for the future. Below is an extract of the interview:

The year 2021 saw N$439.7 million being traded on the Namibian Stock Exchange’s Local board, which is the lowest in local trading dating back to 2014. The poor volumes according to Cirrus Securities, can be attributed to the lackluster domestic economy taking away the shine from listed companies.

The Johannesburg Stock Exchange (JSE) has again threatened to suspend Trustco Group Holding from trading if the Namibia-headquartered financial services conglomerate does not submit its provisional financial statements by the end of this month.

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