The Minister of Justice Yvonne Dausab says at least N$160 million is required to fully operationalise the Witness Protection Unit, while an additional amount will still be needed for the Whistleblower Protection Office.

FirstRand Namibia Limited (FirstRand) reported a 22.7% year-on-year growth in after-tax profits for the financial year ended 30 June 2023 of N$1.56 billion.

Windhoek recorded a 71% year-on-year (y/y) decline in the value of approved building plans in August 2023, latest data shows.

Listed financial services group Capricorn Group Limited reported a 28.7% surge in its after-tax profit, soaring N$1.47 billion for the fiscal year ending on June 30, 2023. 

Shakwa Nyambe, Managing Director of the energy law firm SNC Incorporated, has been appointed Regional Leader for Sub-Saharan Africa within the Frontier Energy Network.

The Bank of Namibia (BoN) has issued a stern warning to banks with operations in the country against profit shifting and transfer pricing practices, which are done via Service Level Agreements. 

PowerCom, a subsidiary of Telecom Namibia, says it plans to invest N$36 million to construct 30 sites across various regions of Namibia to enhance its infrastructure for better network coverage, voice, and internet services. 

Minister of Agriculture, Water, and Land Reform, Calle Schlettwein, has revealed that Namibia exported its inaugural soft citrus and grapefruit shipments in the first quarter of 2023, valued at N$15 million (424 tonnes), with zero rejections.

Auditor General Junias Kandjeke has given an adverse opinion on Katima Mulilo Town Council's 2020 financial year after it failed to provide documentation for investments into the Northern Regional Electricity Distributor (Nored) amounting to N$5.27 million.

Andrada Mining (Andrada) says it has successfully completed the commissioning of its lithium pilot plant, a pivotal step towards optimising lithium extraction from its three mining licences.