The Brief is an online news portal and going source with a focus on the Namibian business sector, current affairs, companies and financial markets.
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September 24, 2023
LatestNews (147)
Vehicle sales in Namibia experienced a slight decline in May 2023, with a total of 982 new vehicles sold, compared to 1,004 in April and 1,226 in March, latest figures show.
TransNamib Holdings Limited has signed a lease agreement with Sea Rail Botswana for their Gobabis section, rolling out the multibillion-dollar Trans-Kalahari Railway project, which aims to connect Botswana's abundant coal fields to Namibia's coast.
Despite making headway in constructing new power generating infrastructure, Namibia's progress remains inadequate in meeting its energy needs and substituting imports, the Institute for Public Policy Research (IPPR) has revealed.
Bank Windhoek financed 185 properties worth N$135 million in the Northern Region of Namibia in 2022.
The Chamber of Mines is still opposed to the government's move to offer a 15% free-carry ownership to Namibians in possession of Exploration Licenses (EPL), saying this will discourage potential investors.
Namibia is lobbying for financial inclusion at the United Nations (UN) Water Conference underway in New York, by proposing reforms in funding that seem to hinder middle- and upper-income countries from accessing monetary assistance due to their economic classification.
Standard Bank Namibia is set to assist local businesses import products from China by providing financial services and directly linking them to credible and vetted suppliers.
Cabinet has resolved and tasked the Finance and Public Enterprises Ministry to speed up the process of devising ways to bring an end to the abuse of Public Servants' Employees Medical Aid Scheme (PSEMAS), which has cost the government millions in fraudulent activities.
The Ministry of Mines and Energy has warned Namibians to brace for more fuel price hikes in the coming months after it has announced a N$1.50 increase in the price of petrol, while diesel remained unchanged for the month of March.
The Road Fund Administration (RFA) says it has invested more than N$30 billion in road infrastructure in the country, leading Namibia to be ranked number one in Africa and 21 in the world in terms of quality of road infrastructure.
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The Rössing Uranium Board has approved the Life of Mine Extension from 2026 to 2036 following the completion of the bankable feasibility study.
President Hage Geingob says the recent oil discoveries by TotalEnergies and Shell off the coast of Namibia have potential to propel the country to become a major oil producer in Sub-Saharan Africa.
Namibia is poised to benefit from a codeshare agreement between British Airways and Airlink.
Agriculture, Water and Land Reform Minister Calle Schlettwein has called out the Meat Corporation of Namibia (Meatco) for poor performance, which he attributed to the emergence of a private abattoir because of its inability to provide a lucrative market for farmers.
