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Namibia’s economy recorded a 5% growth rate during the first quarter of 2023, lower than the 7.3% recorded in the comparable period of 2022, latest data reveals.

Namibia Postal Holdings (NamPost) says its asset base has increased to over N$1 billion from a mere N$6.9 million when it was established 30 years ago.

Telecom Namibia says it requires N$2.371 billion in funding to sustain its capital projects from 2023 to 2027. 

At least 50% of Namibians are languishing in poverty as the country continues to reel under economic headwinds, Prime Minister Saara Kuugongelwa-Amadhila has revealed.

The Meat Corporation of Namibia (Meatco) recorded a N$118-million loss for the period 1 February 2022 to 31 January 2023, with auditors Grand Namibia warning that the company’s ability to continue operating as a going concern will depend on continuous government support.

Minister of Finance and Public Enterprise Ipumbu Shiimi has tabled a Virtual Asset Bill in Parliament.

A total of N$4 billion in fish and crustaceans, molluscs, and other aquatic invertebrates were exported in the first quarter of 2023, up from N$3.1 billion in the same period last year, recent data from the Namibia Statistics Agency (NSA) reveals.

JSE-listed construction group Raubex grew its order book to a record R20 billion in the year to February from R17.1 billion the prior year, largely on the back of N$1.2 billion Namdeb contracts awarded to the group.

Experts from Germany have embarked on a two-year study to analyse the establishment of a hydrogen economy in Namibia and explore the potential for exporting its by-products to Germany.

The Meat Board of Namibia has been renamed to Livestock and Livestock Products  Namibia Board following the amendment of the Meat Industry Act of 1981. In the same vein, dairy and poultry will be regulated under the new Act.

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