Namibia is expected to reap huge benefits from a rise in international diamond prices, Mines and Energy minister Tom Alweendo has said.

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Sisedi Investment Group, previously known as Euboea Investment Group, is proving to be one of the best women-owned and managed investment managers in the country after its investment portfolio grew to approximately N$902 million as at mid-January 2022.

Namibia’s diamond production marginally increased to 1.467 million carats last year,  compared to 1.448 million carats produced in 2020, latest figures from De Beers show.

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The Bank of Namibia (BoN) is expected to raise its repo rate next month after the South African Reserve Bank on Thursday raised its repo rate by 25 basis points to 4%, 25bps above that of Namibia.

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The Namibia Financial Institutions Supervisory Authority (NAMFISA) says it recorded a 34% increase in complaints from financial services consumers in the third quarter of 2021. 

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Namibians are turning to debt to supplement their income in the face of the raging coronavirus pandemic that has impacted economic activity, a new survey from Old Mutual has revealed.

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The GIPF has taken note of articles circulating on social media regarding the “death after retirement” benefits offered by the GIPF, and more so as it affects members who are single at the time of their death.

The United Arab Emirates (UAE) will lift entry restrictions imposed in November 2021 on travellers from 12 African countries including Namibia, following the Omicron variant of COVID-19 outbreak, the UAE National Emergency Crisis and Disaster Management Authority (NCEMA) has announced.

Namibia recorded a national hotel occupancy rate of 32.5% in 4Q 2021, nearly doubling the previous quarter's figure of 17.0%, latest figures show.

Namport has appointed Richard Mutonga Ibwima as the new Executive for Port Operations, effective 17 January 2022.

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