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LatestNews (123)

Hyphen Hydrogen Energy (Hyphen) has signed non-binding Memorandums of Understanding (MoUs) with two major industrial companies with the aim of providing them with up to 750,000 tonnes of green ammonia annually.

Namibia’s small to medium enterprises (SMEs) have so far accessed only 1.28% of the N$500 million Covid-19 loan scheme due to stringent qualifying criteria, high lending rate and poor visibility and reach of the scheme among others, it has been found.

The Meat Corporation of Namibia (Meatco), is facing significant financial challenges, according to a recent organisational review conducted by consultancy firm Ombu Capital.

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.

Vedanta Resources has announced plans to sell Skorpion Zinc in Namibia as part of a larger disposal of its international zinc operations.

Canadian gold miner B2Gold plans to invest over N$1.3 billion (US$77 million) into its Otjikoto Mine as part of capital expenditure for 2023, The Brief has established. 

The Bank of Namibia (BoN) has announced sweeping reforms aimed at strengthening the country’s banking sector.

Namibia's fruit and nut exports, primarily grapes, reached a value of over N$1.3 billion between November 2021 and November 2022, according to data from the Namibia Statistics Agency (NSA).

The Namibia Revenue Agency (NamRA) says the amount lost to an income tax refund fraud scheme has increased to N$136 million.

Noronex (NRX) has secured commitments to raise up to N$18 million through a share placement to fund exploration at its Kalahari copper belt projects in Namibia.

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