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Power tariffs in the country are set to go up during the fiscal year 2023/2024 due to high inflationary pressures and poor rainfall, which could weigh on electricity production from the Ruacana power station, analysts have warned.

The Bank of Namibia (BoN) says it is working on digital transformation and modernising the local financial sector to improve financial inclusion.

Namibia is leading on the continent in the transition from fossil-based energy production and consumption to renewable sources, with solar and wind now accounting for 25% of the country’s power source, latest statistics reveal.

The Namibia Deposit Guarantee Authority’s (NDGA) market value amounted to N$16.2 million at the end of December 2022, a significant increase compared to N$10.3 million recorded in the prior year, an official has said.

The Development Bank of Namibia (DBN) has launched its inaugural Sustainable Finance Framework (SFF), a scheme aimed at funding green climate and social projects.

The National Petroleum Corporation of Namibia (NAMCOR) has established 15 service stations across the country and embarked on several sites that are scheduled for completion later this year. 

British financial services giant EY said it was stopping a project to split its audit and advisory units after opposition from its US branch.

As humans, we have a natural inclination to avoid failure. Failure often evokes negative emotions such as shame, embarrassment, and disappointment.

Mines and Energy Minister Tom Alweendo says policing alone will not curb rampant fuel smuggling in the northern part of the country for as long as local pricing remains high.

Lithium is set to be in high demand from 2025 with its value expected at N$13.9 billion, which can boost the country’s export earnings and revenue, a research firm has projected.

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