FNB Namibia has won five PMR.africa Business Excellence Awards.

The Ministry of Finance and Public Enterprises has announced the appointment of Oscar Capelao as the new Deputy Executive Director in the Department of Economic Policy (including Tax Policy) effective 1 March 2023.

The Namibia Statistics Agency (NSA) has announced that the 2021 Population and Housing Census (PHC) will finally be conducted in August this year.

The Environmental Investment Fund (EIF) of Namibia, which recently celebrated a decade of existence, says it has accessed approximately N$3 billion through development partners to support adaptation and climate change initiatives in Namibia, since its inception.

 Namibia has been warned against an over-reliance on Southern African Customs Union (SACU) revenues, with the country set to rack in N$24.3 billion for the FY2023/24,a 71.6% increase from N$14.2 billion in the FY2022/23. 

Former CEO of De Beers Group, Bruce Cleaver, says De Beers operates on the premise of offering fair deals to all host governments from the countries they operate in. 

"The deal we have in every country is fair and appropriate for every party and the country in which we are in. I am very confident that all our deals are very fair to all our host countries and allow both of us to do what we want to do, which is to invest into the future," said Cleaver.  

He said this when asked whether other host countries De Beers operate in will follow Botswana's demand of a higher stake. 

Cleaver made the statement after a closed-door meeting with President Hage Geingob and Mines and Energy Minister Tom Alweendo in Windhoek on Tuesday, during which he introduced his successor Al Cook. 

Cleaver assured Geingob that he would still be involved with De Beers Group as a Co-Chairman, while Cook would take over as CEO.

This comes after Botswana President Mokgweetsi Masisi is reported to have threatened to end the sales deal with De Beers if negotiations slated for late June do not turn out favourable. 

Under the 2011 agreement De Beers sold 90% of diamonds while Botswana auctioned 10% through its Okavango Diamond Company. In 2020, Botswana’s share was raised to 25%.

"Botswana takes 80 cents from every dollar that comes out of our partnerships, and we take 20%, and I am sure you have heard President Masisi wants a win-win situation and am certain we will achieve that when we negotiate," Cleavers said on Tuesday.

In Namibia, De Beers formed a new joint venture with the Namibian government called Namdeb Holdings, in which De Beers holds a 50% stake and the Namibian government holds the other 50%. 

Namdeb is the operator for land-based diamond mines while Debmarine operates the offshore licences.

Namibia's Directorate of Aircraft Accident and Incident Investigation (DAAII) is investigating an incident in which a Eurowings Discover Airbus A330-200 (registered D-AXGB) was grounded after sustaining substantial damage in a hard landing.

The Bank of Namibia (BoN) says it will exercise increased caution when dealing with transactions or clients from South Africa following its greylisting by the Financial Action Task Force (FATF).

Bill Gates has purchased a 3.76% stake in the Dutch drinks giant Heineken Holding NV worth N$16.6 billion (US$902 million), despite the fact that the billionaire founder of Microsoft has previously stated that he is "not a big beer drinker."

The increase of interest rate has become a norm, with the continuous effort by the Monetary Policy Committee of the Bank of Namibia to stabilise the national economy and to maintain the one-to-one ratio peg between the South African Rand and the Namibia Dollar.