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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June 09, 2023
Companies (1622)
The Roads Authority (RA) on Wednesday launched a N$15 billion five-year Integrated Strategic Business Plan (ISBP) which seeks to expand the national road network as well as upgrade gravel roads to bitumen standards.
The national power utility NamPower is planning to deploy the use of prepaid meters in supplying bulk electricity to various clients in the near future, to avert debt accumulation.
The country recorded a triple-digit growth of 103% to 81,142 in live cattle exports attributed to farmers selling due to drought threats, a new report has shown.
NamPower says its sustainability is not dependent on the current pursuit to recover N$1.5 billion owed by clients.
Namibia should prioritise the horticulture, poultry, and dairy sectors to mitigate unemployment and food security challenges in the country, Minister of Agriculture, Water, and Land Reform Calle Schlettwein has said.
The financial services sector is an important component of any economy, offering a variety of products and services to meet the financial needs of individuals and businesses.
Gondwana Holdings Limited (Gondwana) received bids valued at N$475 million from the issuance and listing of new Senior Unsecured Floating Rate Notes (Notes) under its Medium Term Note Programme (MTNP) approved by the Namibian Stock Exchange (NSX).
FIMA technical committee given six months deadline
May 15, 2023
The Minister of Finance and Public Enterprises has given the Technical Advisory Committee (TAC) six months to review the Financial Institutions and Markets Act (FIMA) of 2021 and make recommendations.
Canadian gold miner B2Gold’s Otjikoto Mine which is currently undergoing a phased closure due to depleted resources, produced 38,491 ounces of gold in the first quarter of 2023, an increase from 35,061 produced prior year.
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The Namibia Revenue Agency (NamRA) has announced the establishment of an investigative team as of 1 July 2023, to investigate the validity of zero tax returns submitted by companies.
Oil giant Shell has reportedly achieved extraordinary oil flow rates during production tests conducted on its Graff-1x discovery well located offshore Namibia.
The Electricity Control Board of Namibia (ECB) says the country’s power utility has not been diligent with debt management and general revenue collection.
Namibia gets tougher on illicit financing
May 12, 2023
The Cabinet Committee on Legislation has given the green light to 11 Amendments and 20 new Bills that will bring Namibia's legal framework up to speed with the latest global standards for combatting money laundering and terrorist financing.