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Business / Economics

561 Results / Page 1 of 63

Background

Africa

AGOA-AfCFTA to offer a trade highway to the US until 2041

      By Seth Onyango, bird story agency   Forty African nations could have duty-free access to U.S. markets until 2041, as Congress considers a bipartisan bill extending the African Growth and Opportunity Act (AGOA). Senators Chris Coons (D-Delaware) and James Risch (R-Idaho) tabled a revised AGOA Renewal and Improvement Act of 2024 in Congress, which now explicitly integrates it with the African Continental Free Trade Agreement (AfCFTA). This alignment […]

todayApril 15, 2024

Business / Economics

Bank of Namibia Extends Timeline for Implementation of Electronic Fund Transfer Regulations

The Bank of Namibia has announced a postponement in the implementation of the new regulations governing electronic fund transfers within the national Payment System Determination. Sandra Garises, the bank's principal communication officer, disclosed that PSD-9, initially set to take effect by the end of April, will now be enforced on September 30, 2024. She explains what it entails.  

todayApril 15, 2024 41

Business / Economics

15 April 2024 Morning Biz News: Transforming Elizabeth Bay: Standard Bank’s Energy Park Initiative

In a bid to ignite infrastructure growth and leverage Namibia's resource potential, Standard Bank has unveiled an ambitious plan to rebrand Elizabeth Bay into an Energy Park, as reported by The Brief. This strategic move is poised to reshape the landscape of Elizabeth Bay, a mining community nestled 25 kilometers south of Lüderitz on Namibia's southern coast. The vision behind the Energy Park initiative extends beyond mere revitalization; it aims […]

todayApril 15, 2024 7

Business / Economics

12 April 2024 Morning Biz News: GIPF’s ESG Investments, WeBuyCars IPO, Oil Price Surge, and Currency & Commodity Updates

GIPF Ventures into ESG Investments: The Government Institutions Pension Fund (GIPF) is diversifying its investment portfolio by exploring opportunities in Environmental, Social, and Governance (ESG) sectors. With a focus on sustainable development, GIPF aims to collaborate with fund managers whose policies align with ESG principles. Targeting initiatives like SDG Namibia One and green climate fund managers, GIPF emphasizes its commitment to responsible investing. WeBuyCars Makes Splash on JSE: South African […]

todayApril 12, 2024 12

Business / Economics

Chinese factory shreds weddings photos for fuel

  At a dusty warehouse in northern China, Liu Wei feeds photos of beaming bridal couples into an industrial shredder -- turning stories of heartbreak into a source of electricity. Wedding photos are big business in China, where parks, temples and historic sites often teem with newlyweds posing for elaborate shots capturing their supposedly unbreakable bond. But in a country where millions of divorces take place each year, many marital […]

todayApril 11, 2024 5

Africa

Local manufacturing of drones is on the rise in Africa

    By Bonface Orucho, bird story agency   Rising demand for unmanned aerial vehicles used in various commercial applications is fueling the growth of the local drone manufacturing industry as startups and governments ramp up production within the continent. Following South Africa's successful test flight of the Milkor 380, a groundbreaking unmanned aerial vehicle (UAV) capable of carrying up to 1300 kilograms among other unique capabilities, the landscape is […]

todayApril 11, 2024 3

Business / Economics

Transforming Namibia’s economy with effective trade and industrial Policies

  Opinion Piece by Josef Kefas Sheehama   The political climate in Namibia is among the African most tranquil and stable. In order enhance Namibia's potential growth rate, reforms must be put in place for the country's economy to continue on a sustainable path. One of the main obstacles to Namibia's industrial development, especially for small and medium-sized businesses, has been a lack of human and financial resources. Because institutions […]

todayApril 11, 2024 7

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