Dutch energy giant Vitol, has progressed its bid to buy out shareholders in JSE-listed Vivo Energy shareholders, which distributes Shell and Engen branded fuels and lubricants in Africa, and has obtained key approval from the South African Reserve Bank.

De Beers pushed through one of its most aggressive diamond price increases in recent years as the world’s biggest producer of the stones cashes in on a buying frenzy for uncut gems.

In one of the priciest sales in New York real estate history, a four-bedroom penthouse apartment overlooking Central Park was purchased for US$190 million (just under R3 billion), the Wall Street Journal reported Thursday.

Auditing firm Ernst &Young has completed an investigation into the affairs of TransNamib with the report now with Public Enterprises minister Leon Jooste, The Brief has established.

Canadian-based international gold mining company Dundee Precious Metals says its Namibian operations, Dundee Tsumeb processed approximately 189,700 tonnes of complex concentrate in 2021.

Italy on Friday lifted an entry ban on people who had visited any of eight southern African states including Namibia, which it imposed in November as the Omicron variant of COVID-19 began to spread.

The Omicron variant, which officially marked the fourth wave of the Covid-19 pandemic, is flattening out after a six-week surge, with South Africa recording a 9% decline in weekly infections.

Africa’s new cross-border payment system is expected to save the continent billions of dollars in annual transaction costs and bolster shipments in the world’s largest free-trade zone, according to Mahamudu Bawumia, the Vice President of Ghana.

Bank of Namibia (BoN) Governor Johannes Gawaxab has been lowly rated after he scored a D+ in a survey conducted by Global Finance magazine of Central Bank Governors in 2021.

President Hage Geingob says Namibians should get vaccinated in their numbers to bolster economic growth.