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The Government Institution Pension Fund (GIPF) says it has no appetite to acquire the Grove Mall of Namibia, where it once held a 33% stake.

The Nedbank Group says it will continue funding Namibia’s key economic sectors as part of its contribution towards the growth of the domestic economy.

Namibia’s beef market recorded a 20% growth in cattle marketed for the first half of 2022 in a clear sign of recovery from the prolonged drought, Agribank has said.

Garden Plaza Investment CC and Jimmey Construction (Private) Limited are suing the City of Windhoek for breach of contract, after the municipality allegedly refused to pay the two companies N$919,377.91 after a road construction deal.

Pick n Pay Namibia, a subsidiary of the Ohlthaver & List Group (O&L) and the Namibia Food and Allied Workers Union (NAFAU) have signed a one-year substantive wage agreement, taking effect on 1 July 2022.

The Bank of Namibia (BoN) has slashed the country’s growth forecasts for 2022 and 2023, to 3.2 % and 2.9 % respectively.

Namibia’s food prices are expected to rise further during the course of 2022. This is mainly driven by the global energy crisis and production risks due to supply disruptions caused by the Russia /Ukraine war.

First National Bank (FNB) is the leading financial services brand in Kantar BrandZ’s Top 30 Most Valuable South African Brands 2022 for the third year in a row.

The Namibia Chamber of Commerce and Industry (NCCI) has recommended that commercial public enterprises (PEs) enter partnerships (PPPs) with private sector firms to improve operational efficiency and profitability.

Canadian gold miner B2Gold says it pumped N$647 million (US$39 million) into the Otjikoto Mine as part of its capital expenditure (CAPEX) for the first half of 2022, including N$315.6 million (US$19 million) into the Wolfshag underground mine development. 

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