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The European Union (EU) has committed to help Namibia benefit from the N$2.6 trillion (€150 billion) EU Global Gateway investment package announced in February at the AU-EU Summit.

Standard Bank, Africa’s largest lender by assets, has named former JSE chair Nonkululeko Nyembezi as the head of its board from the beginning of June.

Next month’s debut initial public offering (IPO) on Angola’s BODIVA stock exchange is expected to unlock a wave of new listings, its chief executive said, as the Southern African oil producer forges ahead with a far-reaching privatisation drive.

African airlines are clubbing together to negotiate better prices and a steady flow of jet fuel, a move to help stave off a potential crisis caused by supply issues and soaring costs. 

South Africa’s state-controlled Central Energy Fund is working on providing an additional 1.5 million litres of jet fuel for Johannesburg’s OR Tambo International Airport in the event of further supply shortages, the head of the airport operator said on Monday.

The Bank of Namibia and the Ministry of Finance will officially launch Namibia’s Sovereign Wealth Fund on the 12th May 2022.

Zambia has proposed to construct an oil and gas pipeline from Walvis Bay to Lusaka, The Brief has learnt.

It costs TransNamib over N$1 million to clear a major derailment, the rail operator CEO Johny Smith revealed in an exclusive interview with The Brief.

The Namibian Ports Authority (Namport)  has appointed Maritime Business and Transport Solutions (MTBS) as transactional advisors in the envisaged concessioning of the New Container Terminal (NCT) at the Port of Walvis Bay.

South Africa’s rand remains on the back foot against the dollar which continues to gain strength due to concerns over slowing economic growth globally, rising interest rates, and war risks, leading to increased market volatility.

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