Bank of Namibia Governor Johannes !Gawaxab says that EOS Capital, himself, and the Namibia Competitions Commission (NaCC) reached an agreement to ensure compliance with the set regulatory regulations.

However, the Central Bank Governor pointed out that the agreement is not an admission of guilt but a pragmatic solution to avoid prolonged legal proceedings. 

!Gawaxab was responding to a Namibian Competition Commission (NaCC) decision to fine him, together with two other parties, N$1 million for contravening merger regulations.

Namport and Belgium's Port Authority of Antwerp, Bruges International, hosted a sundowner dinner in honour of the visiting King of the Belgians and President Nangolo Mbumba.

The engagement is part of the schedule of the visiting King Philippe, who is in Namibia on a five-day state visit.

Before the start of the dinner, the Belgian royalty was treated to exceptional Namibian hospitality with a sumptuous sundowner cocktail with all the bells and whistles befitting royalty. 

And the weather was a perfect companion.

The organisers of the 7th Rehoboth Community Trust's annual expo, dubbed The Gathering, have described the three-day event as a success.

The event is aimed at creating a platform for small business entrepreneurs to showcase their products, build networks, and expand their client base.

nbc Director General Stanley Similo and the Ambassador of the European Union to Namibia, Ana Beatriz Martins, held talks in Windhoek to discuss possible areas of cooperation.

During the meeting at the nbc head office in Windhoek's Northern Industrial Area, both Similo and Martins were united in their views on the crucial role of the media in Namibia.

The meeting was also attended by nbc's Chief Commercial Officer, Nico Mwiya; Acting Chief of News and Programming, Sackey Shikufa; Head of Radio Services, Suoma Negumbo; and Head of News and Current Affairs, Peter Denk.

Former Namibian Institute of Mining and Technology (NIMT) employee Ernst Lichtenstrasser, convicted of murdering the institute's two top executives in 2019, will be sentenced in the Windhoek High Court on Monday.

Judge Christie Liebenbergh reserved sentencing until Monday, following pre-sentence proceedings on Thursday.

The Rehoboth community and representatives of Namibia's sports fraternity came out in numbers to attend a memorial service in honour of a father, his two sons, and a close friend who died in a fatal road crash near the town last Saturday.

Final preparations for the tabling of the long-awaited Investment Promotion Bill in the National Assembly are in full swing.

The Minister of Industrialisation and Trade, Lucia Iipumbu, says the Bill and accompanying regulations and policies will be tabled during the second quarter of the year.

The policy on the Special Economic Zone will also be tabled.

In November 2021, it was withdrawn from the National Assembly after it was tabled in that legislature chamber. 

Brazil would like to deepen its cooperation and economic and trade relations with Namibia. 

Its Ambassador to Namibia, Vivian Loss Sanmartin, says possibilities to increase trade between Brazil and Namibia are almost without a limit.

She was speaking to nbc News against the backdrop of the visit of a 10-member business community delegation from Brazil to Namibia.

The delegation is in Namibia for a weeklong visit to explore business and investment opportunities. 

The Bank of Namibia plans to launch an upgraded Namibian currency series in 2025. 

Central Bank Governor, Johannes !Gawaxab unveiled a modified N$100 note in Luderitz, announcing at the same time that the bank will undertake a minor upgrade on the current banknote series and a complete upgrade of the coin series.

The first Namibian banknotes and coin series were issued in 1993 and are now 30 years old. 

In May 2012, the Bank issued the second family of banknotes with state-of-the-art security features, which are currently in circulation. 

The Bank of Namibia (BoN) has declared a dividend of more than half a billion dollars.

This underscores a major improvement in the central bank's performance for the past financial year compared to that of the previous financial year, representing an increase of almost N$100 million.

During the previous financial year, the bank distributed a dividend of N$413.7 million.

BoN's 2023 annual report, prepared in line with the Bank of Namibia Act, shows that the central bank declared a dividend of N$511.5 million to its main and only shareholder, the government.