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In a trading update for the 20 weeks to 16 January, Clicks says its total turnover increased by 10.4% to R15.1 billion.

Helios Investment Partners LLP is in talks with African telecom operators and banks about ways the private-equity firm can help them cash in on their mobile-money and digital-payments platforms.

South Africa’s Reserve Bank (SARB) is expected to raise interest rates to 4% at its Monetary Policy Committee (MPC) meeting on 27 January as part of an ongoing hiking cycle, a poll of economists shows.

A total of 271 low-cost houses have been built countrywide through the Shack Dwellers Federation, with 75% of the beneficiaries being women, following a 2017, N$10.7 million investment by MTC towards housing with the Buy A Brick project.

Hellen Amupolo has been appointed Head of the Development Bank of Namibia’s (DBN) Investments Department.

Shell has made a significant oil and gas discovery at an closely-watched offshore well in Namibia which could spark a wave of investment in the southern African country, three industry sources told Reuters.

Titus Ndove has been appointed as the new Executive Director in the Ministry of Finance, with effect from the 1st of February 2022, a development which has been confirmed to The Brief by officials in the ministry.

Canadian base metals mining company Trevali Mining has started an early works programme on its Rosh Pinah mine expansion project with a capital budget of N$305.3 million, to be funded from internal cash flows.

The Hospitality Association of Namibia (HAN) says it cannot implement a single pricing system due to the diverse nature of the industry.

Namibia’s economic is expected to slow despite a significant improvement in global growth, analysts have predicted.