Namibia's non-bank financial sector assets have grown to more than N$552.8 billion. Imanuel Hawanga, general manager of capital markets at NAMFISA, also estimated the broader capital market ecosystem at N$338.2 billion.
Why it mattersThe growth increases the capacity of non-bank institutions to mobilize savings and finance economic activity.
More than 400 cyclists from 14 countries have confirmed participation for the Khomas100 gravel cycling event on August 22. The event will host the CAC African Continental Gravel Championships.
Why it mattersThe record international field increases the global profile of Namibian gravel cycling.
The Walvis Bay municipality has given car wash operators 14 days to leave road reserves along Sam Nujoma Avenue and Independence Road. The municipality stated the businesses lacked required permits and approvals.
Why it mattersOperators face the loss of their businesses and the resulting loss of livelihoods for their workers.
Cabinet has approved the National Upstream Petroleum Local Content Policy. Kornelia Shilunga, head of the Upstream Petroleum Unit, announced the approval on Wednesday.
Why it mattersThe policy creates a framework to increase the participation of Namibian entities in the emerging oil and gas industry.
The ministry of home affairs, immigration, safety and security has introduced the Employment Permit to Conduct Business. The permit was established through an amendment to Regulation 17 of the Immigration Control Act, 1993.
Why it mattersThe new permit simplifies the process for foreign investors and businesspersons to establish operations in the country.