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Namibia has detected two new Omicron sub variants that are driving a surge of COVID-19 infections in South Africa, Health minister Kalumbi Shangula has revealed.

New vehicle sales surged by 20% to 905 in April 2022, compared to 755 units sold in the same period last year, latest figures show.

Elon Musk tweeted that his US$44 billion (R708 billion) takeover of Twitter is "temporarily on hold" until the billionaire receives more information about the proportion of fake accounts, sending the social media giant into a tailspin. 

AB InBev CEO Michel Doukeris has assured beer lovers that they will be protected from inflation led price increases, thanks to the to the group’s risk policy.

Finance minister Ipumbu Shiimi has postponed the implementation of the Financial Institutions and Markets Act (FIMA), amid intense pressure from various stakeholders to drop the contentious clause on compulsory preservation of retirement benefits.

Old Mutual Namibia has selected 20 students to participate in its graduate internship program after receiving over 400 applications.

A massive sell-off in cryptocurrencies wiped over $200 billion (around R3.2-trillion) of wealth from the market in just 24 hours, according to estimates from price-tracking website CoinMarketCap.

Increasing commodity and freight prices are driving up the costs of solar PV and wind turbines, but these renewable energy generators are still more cost-competitive than fossil fuels like coal and gas, according to the International Energy Agency (IEA).

The Development Bank of Namibia (DBN) has to date funded renewable projects in the country valued at N$1.231 billion.

 Namibia’s annual inflation for April 2022 increased by 5.6% compared to 3.9% recorded in April 2021, latest official figures show.

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