insert_link Business / Economics Telecom Works to Restore VSAT Services After Satellite Outage Telecom has announced its efforts to restore full functionality to its VSAT fixed and mobile services following a satellite outage on October 19. The company is committed to quickly resuming services and has assured customers that regular updates will be provided during the restoration process. From Telecom: Nomvula Kambinda. todayOctober 22, 2024 25
insert_link Business / Economics 22 October 2024 Morning Biz News: Economic Developments and Financial Indicators 1. Rössing Uranium's Investment Boosts Local Employment in Swakopmund Rössing Uranium has made a significant investment of N$20 million in the construction of a new police station in Swakopmund, generating over 100 jobs for local residents since the project began in July. According to The Brief, the development is currently 46% complete and is expected to be finalized by January 2025. This initiative not only aims to enhance community […] todayOctober 22, 2024 15
insert_link Business / Economics NamRa Commissioner sets record straight on tax refunds Businesses have raised concerns about the tax relief that was gazetted in October. This follows the Ministry of Finance and Public Enterprises' announcement that employers will need to reimburse employees once the new statutory tax rates are officially published. Namibia Revenue Agency's commissioner, Sam Shivute explains. todayOctober 21, 2024 26
insert_link Business / Economics 21 October 2024 Morning Biz News: October Highlights and Financial Indicators In October, Pupkewitz Megabuild reported a significant year-on-year decline in its basket value, setting it apart among the four major hardware stores in Windhoek, as noted in The Brief survey. The store experienced a 15.25% decrease in basket value compared to October 2023, although there was a slight month-on-month increase of 0.15%. In global economic news, Russian President Vladimir Putin announced that the BRICS group is expected to lead […] todayOctober 21, 2024 15
insert_link Business / Economics Windhoek Approves 1,423 Building Plans in this year Despite Slight Decline in Units The City of Windhoek has approved 1,423 building plans so far this year, totaling N$1.62 billion, according to the latest data. IJG Securities reports that this reflects a 1.9% decrease of 27 units compared to the same period last year. However, the overall value of the approvals has experienced a notable increase of 56.7%. Here's the local authority's Lydia Amutenya: todayOctober 21, 2024 20
insert_link Business / Economics China’s Q3 GDP hits weakest pace since early 2023 China's economy grew at the slowest pace since early 2023 in the three months to September, according to data released on Friday. The property sector remains a big challenge for Beijing as it tries to boost growth. Laura Westbrook has more from Hong Kong. todayOctober 18, 2024 23
insert_link Business / Economics Women in Mining Summit Concludes, Aims to Empower Female Entrepreneurs in Energy and Extractive Sectors Namibia's inaugural Women in Mining Summit, under the theme "Empowerment through Excellence: Leading Change in Extractive & Energy Sectors," recently concluded in Windhoek. The summit aimed to connect women entrepreneurs with industry leaders, investors, and financiers, fostering partnerships to drive innovation and transformation in these key industries.. Zenzi /Awases the organization's president. todayOctober 18, 2024 39
insert_link Business / Economics 18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […] todayOctober 18, 2024 6
insert_link Business / Economics National accounting summit kicks off in Windhoek The Institute of Chartered Accountants of Namibia's National Accounting Summit 2024 is underway in Windhoek, under the theme, "Shaping the Future of Accounting through Influence and Innovation." Here is Fenni Nghikevali, the CEO of the Institute of Chartered Accountants of Namibia. Nghikevali also explains the challenges they are faced with. todayOctober 17, 2024 17