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Namibian businesses and individuals have racked up debt of over N$110.5 billion as of December 2022, according to the latest Private Sector Credit (PSCE) figures.

Deep Yellow’s expected capital investment in the Tumas uranium project in Namibia has increased to N$6.4 billion (US$372 million) from N$4.7 billion estimates in 2021, according to its latest definitive feasibility study (DFS).

Namibia’s trade with the rest of the world totalled N$225 billion last year compared to N$161.1 billion recorded in 2021.

Andrada Mining Ltd. said Thursday it had found significant pegmatite mineralization, as well as some lithium mineralization at its Uis mine in Namibia as part of its lithium and tantalum drilling program.

Oryx Properties says it is not in a position to buy the Grove Mall, which is reported to be on the market at a N$1.8 billion valuation.

Savanna Beef Processors is planning to start construction of its new export beef-processing facility in May.

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First National Bank (FNB) has been named the "Strongest Banking Brand in the World" in the Brand Finance Banking 500 2023 report.

Thirty-three Gondwana establishments are recipients of the Booking.com Traveller Review Awards for 2023. 

International ride-hailing company, Yango, has made its entry into the Namibian market with the launch of its services in Windhoek. This move comes as competition in the local market continues to heat up, with established players such as LEFA, TaxiConnect, InDriver, InterCity, Dial a Cab, and City Cab already operating in the area.

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Namibia’s non-bank financial institutions (NBFIs) sector saw its assets stagnating at N$357 billion at the end of the third quarter last year due to weaker performance in the financial markets. 

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