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The Bank of Namibia has increased the repo rate by 25 basis points to 7.25% and effectively bringing the prime lending rate to 11%.

Bank Windhoek's Chief Treasurer Claire Hobbs has revealed that Namibia is now fast tracking its economic growth through direct foreign investment following the recent discovery of oil and gas and lithium in the country.

The Government Institutions Pension Fund (GIPF) has announced a 5.46% increase in pension benefits for all GIPF pensioners, effective from 1st April 2023.

 Germany says it is willing to assist Namibia, among other nations with vast lithium reserves, to set up a local lithium processing infrastructure.

The Namibia Students Financial Assistance Fund (NSFAF) says it has a N$400 million funding shortfall from the required N$2-billion budget.

The Namibia Wildlife Resorts (NWR) is forecasting a breakeven position for the 2023/24 financial year, as it seeks to redeem itself from a history of losses.

Haib Minerals, the fully-owned Namibian subsidiary of copper explorer and developer Deep-South Resources, has met with Mines Minister Tom Alweendo, Mines Ministry mining commissioner Isabella Kandjii-Chirchir, and Mines Ministry deputy executive director Erasmus Shivolo.

 Nedbank Namibia has awarded 11 employees and three university students with bursaries worth N$350,000 as part of its annual bursary programme.

Namibia Breweries Limited (NBL) has appointed Petrus Maria Johannes Simons as its new Managing Director with effect from 14 April 2023.

The government is set to conclude contractual negotiations with Hyphen Hydrogen Energy, a company awarded the bid to develop green hydrogen projects in Namibia, and with an investment of N $194 billion (€9.7 billion) needed for major infrastructures to kick off.

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