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Private sector credit extension in Namibia remained lackluster in April 2023, raising concerns about its impact on the overall economy, a new report has revealed.

The country’s largest private company, Ohlthaver & List Group (O&L) says it has no regret in relinquishing ownership of Namibia Breweries Limited (NBL) but sees the transaction as a window of new opportunities.

The Southern African Customs Union (SACU) member countries have entered into a mutual recognition agreement as part of the Authorised Economic Operator (AEO) programme that is expected to optimise procedures for imports and exports within the region.

The Government Institutions Pension Fund (GIPF) is currently assessing investment opportunities in the energy sector of the Hardap Region, with a total value of N$175 million.

India’s Minister of External Affairs, Subrahmanyam Jaishankar, is expected to visit Namibia from the 4th to the 6th of June, 2023.

TransNamib has appointed Kendall Swartz as the Executive for Commercial and Marketing.

The Ministry of Mines and Energy on Thursday said that it has no plans to seize shares from existing mineral and petroleum license holders.

The Government Institutions Pension Fund (GIPF) says it is keenly watching developments in the country’s lucrative oil and green hydrogen space and is waiting for possible investment opportunities.

The first Atlas of Green Hydrogen Generation Potential in Southern Africa has been officially launched, marking a watershed moment in the renewable energy sector.

Moses Matyayi, the current Chief Executive Officer of the Otjiwarongo Municipality, has officially accepted the offer to become the new Chief Executive Officer of the City of Windhoek. 

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