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Germany, through KfW has availed an initial grant of N$144.5 million (EUR 7 million) towards the establishment of “Urban Development Fund”.

Pick n Pay Namibia is venturing into the convenience retail space with two Pick n Pay Express stores planned for 2022.

Namibia Dairies has withdrawn certain batches of Nammilk Fresh Milk after a quality test conducted by the company indicated that the product’s shelf-life was inadequate.

MTC has announced a collaboration with Inceptus, the commercial arm of the University of Namibia (UNAM), to supply the university’s students with monthly data.

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The Namibia Financial Institutions Supervisory Authority (NAMFISA) has opened a 30 consultative window to allow input into the proposed Financial Institutions and Markets Act (FIMA) following a backlash over the inclusion of a compulsory pension preservation clause.

B2Gold has awarded Byrnecut, an international specialist underground mining contractor, a N$1.6 billion development and production contract for its Wolfshag Underground Mine.

Namibia has slipped seven places on a highly regarded global survey measuring investment attractiveness of mining jurisdictions in the world.

Improved economic prospects in Angola due rising oil prices is expected to provide a boon for the Namibian property sector in the short-to-medium term with the probable return of Angolans for leisure and educational purposes, FNB Namibia has forecasted.

The Brief (TB) caught up with Namcor Managing Director Immanuel Mulunga (IM) on the company's recent exploits in Angola, where it was successfully awarded an oil producing bid with its partners by Angola’s state oil company, Sonangol. Below is an extract of the interview.

Toyota is faced with a backlog of between 600 and 700 new vehicles in Namibia, and is struggling to source new vehicles in a timely manner from global factories to satisfy rising demand in the country.