Chinese Companies Sign Pact with Namibia for the Largest Solar Power Plant

An important event has occurred in Namibia, where Chinese companies have signed an agreement to create the largest solar power plant in the country. This project, named the "Southern Solar Power Plant," resulted from the collaborative efforts of the local government and Chinese investors, and it promises to significantly increase renewable energy production in the region.

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Namibia Deviates from South African Rates for the First Time in a Year

The Namibian central bank has announced its decision to change interest rates for the first time since the introduction of a common monetary policy framework with South Africa. This development highlights the economic and financial reasons behind the move. Traditionally, Namibia followed the lead of the South African Reserve Bank; however, the country's economic realities now demand flexibility and adaptation.

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