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Finance minister Iipumbu Shiimi on Tuesday revealed that government had raised N$408.6 million, inclusive of N$62,000 in application fees, from 3 fish quota auctions held this year.

South African start-up carrier BDS Airways has submitted a N$3.2 billion offer to buy Air Namibia, which is currently being liquidated.

South African fuel prices will hit record highs as of Wednesday, with the price of petrol spiking to over R19.50 a litre in the economic hub of Gauteng and other inland provinces.

Germany will give €700 million (R12.5 billion) towards helping South Africa phase out the use of coal, the German delegation at the COP26 climate talks in Glasgow.

Twelve young jewellery designers – three each from Botswana, Canada, Namibia and South Africa – won awards during this year's Shining Light Awards, which is hosted by diamond miner De Beers and honours the next generation of jewellery designers.

The philosophy at the Environmental Investment Fund of Namibia is straightforward. It aims to endorse activities and projects that protect and maintain the natural and environmental resources of the country to benefit all Namibians. Further, the goal is to empower and enhance community initiatives by giving community members complete ownership of their projects.

The German Federal Government has lifted all entry restrictions for residents of Namibia with effect from Tuesday, November 2nd, 2021.

The Agribank Board has appointed Emmanuel Masule, the bank’s Executive Manager Credit to the position of Acting CEO until Dr Raphael Karuaihe takes up the role following his appointment as substantive CEO with effect from the 10th of January 2022.

Credit extended to the private sector increased marginally to 2.7% y/y in September from 2% y/y in August 2021, the Bank of Namibia (BoN) has revealed.

MTC IPO closes

November 01, 2021

The much-anticipated Mobile Telecommunications Limited (MTC) Initial Public Offering (IPO) closed on Monday.

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