Namdeb, Debmarine seek government relief amid diamond price collapse
Namdeb Holdings has requested financial assistance from the government as falling global diamond prices have reduced state revenue. Finance Minister Ericah Shafudah noted that the diamond sector, once yielding N$5 billion annually, has declined significantly, with the companies now seeking relief despite Namibia's 50:50 shareholding with De Beers.
13 hours ago · The Namibian →