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The International Monetary Fund sees "downside risks" to the global economic rebound it forecast for this year and next, and is concerned that new coronavirus variants may hinder the recovery, its chief economist said. 

RMB and FNB Namibia have won the Best Foreign Exchange Provider 2022 in Namibia – a first time for the country in this specific category after being named by Global Finance magazine its 22nd  annual World’s Best Foreign Exchange Providers as part of the G.W. Platt Foreign Exchange Awards for 2022.

Namibia has officially confirmed the presence of the Omicron coronavirus variant after 18 cases were detected in the country. 

The Bank of Namibia released the Economic Outlook Update for December 2021 with the domestic economy expected to grow by 1.5% in 2021, and 3.3% in 2022, with risks to domestic growth remaining dominated by the impact of the COVID-19 pandemic.

Khomas region continues to record a spike in COVID-19 cases, a position which the Ministry of Health says is concerning.

Zambia Airways is set to launch on December 1, 2021, backed by a joint venture between Ethiopian Airlines and the Industrial Development Corporation Limited (IDC), a government-owned financial institution based in South Africa.

Standard Bank South Africa says it has introduced a Covid-19 vaccination policy, which requires all employees of the group who work from the premises to be vaccinated against Covid-19.

Old Mutual’s private equity arm has proposed R5.80 per share for Long4Life, valuing the SA investment company founded by entrepreneur Brian Joffe at about R3.7bn.

The Banker Magazine has announced Bank Windhoek as the winner of its annual Bank of the Year Award – Namibia.

NovaNam has acquired two brand new deep-sea trawlers at a cost of N$320 million, with the purpose of feeding its value-addition factory in Luderitz, where 1500 of its processing staff pack for the globally renowned seafood brand of Pescanova.

The investment is part of NovaNam’s strategic investment plan, where NovaNam committed to a fleet investment programme of N$480 million between 2019 and 2021, committing to build three brand new vessels.

The MFVs “NOVANAM ONE” and “NOVANAM TWO” are the second and third brand-new deep-sea fishing trawlers to be inaugurated in Luderitz since independence.

The first vessel, MFV “LALANDII 1” came on line in 2020.

NovaNam has continuously invested capital on an annual basis to increase its value-adding capabilities and to ensure sustainable employment for its 2300 staff members.