Business / Economics Archives - Page 100 of 184

01 August 2024 Morning Biz News: Telecom Namibia Launches Equiano Cable; Rand Strengthens; Fed Holds Rates; Samsung Sees Record Growth

Telecom Namibia Activates Equiano Cable: Boosting ICT in the Region Telecom Namibia has officially activated its capacity on the Equiano subsea cable, marking a significant milestone for the country's ICT sector. The Equiano cable, commissioned by Google, establishes Namibia as a key player in regional information and communication technology. It connects Namibia to Europe via Portugal and links to other parts of Africa through Cape Town and Johannesburg, enhancing the […]

1 August, 2024

Business / Economics

Tik Tok Singapore office hit by mass food poisoning

Dozens of staff at the Singapore office of TikTok's parent company, ByteDance, have been hospitalised in an apparent food poisoning outbreak. At least 60 people were affected, with 57 treated in hospital. Laura Westbrook reports from Hong Kong. A total of 60 staff were left suffering symptoms of gastroenteritis, with 57 of them needing hospital treatment. The Singapore Civil Defence Force sent 15 ambulances to the scene, according […]

31 July, 2024

Business / Economics

Rössing Foundation supports MSMEs in Oshana and Erongo region

Micro, Small, and Medium Enterprises belonging to youth, women, and people with disabilities in the Oshana and Erongo regions will soon become the beneficiaries of essential business advisory services, branding classes, and other key business-building tools through a N$ 500 000 sponsorships from the Rössing Foundation. Namibia Investment Promotion and Development Board spokesperson, Titus Shivute explains how the process will work.

31 July, 2024

Africa

Green energy for all: Zimbabwe will need a new social contract to roll out projects like solar power

By Ellen Fungisai Chipango, University of Johannesburg and Long Seng To, Loughborough University The Zimbabwean government is racing against time to meet the United Nations’ Sustainable Development Goal 7: affordable, reliable, sustainable and modern energy for all by 2030. However, the race towards green energy is top-down and mostly privatised. New technology is being introduced or sold to individuals or small families, but renewable […]

31 July, 2024

Business / Economics

Saving for retirement in South Africa? Four tips to navigate the new pension rules

By Adrian Saville, University of Pretoria South Africa is changing its pension laws. The new system is designed to give individuals the opportunity to access only a portion of their retirement funds before they retire in the case of dire need – or even in case of desire. To an extent, this makes sense, given the low savings rate in the country. It forces individuals […]

31 July, 2024

Business / Economics

Namibia to Host Oil and Gas Conference in August

Namibia will hold the Oil and Gas Conference in Windhoek from 20-22 August 2024. The event will gather key players in Namibia's oil and gas sector, along with civil society and the public, to discuss the potential, opportunities, and risks of developing the country's oil and gas industry. Chairperson of the Economic Association of Namibia, Jason Kasuto.

31 July, 2024

Business / Economics

Fuel Prices Hold Steady for August

The Mines and Energy ministry has announced that fuel prices will remain the same for August. In Walvis Bay, petrol will continue at N$22.20 per litre, with diesel priced at N$21.57 for 50ppm and N$21.67 for 10ppm. The Ministry's Economist Taramaris Amadhila.

31 July, 2024

Business / Economics

31 July 2024 Morning Biz News: Ohlthaver & List Completes Full Acquisition of Broll Namibia; Rand and Yen Show Market Movements; Oil Prices Rebound Slightly

Ohlthaver & List Acquires Full Ownership of Broll Namibia Windhoek, Namibia – The Ohlthaver & List (O&L) Group has solidified its position in the property services sector by acquiring the remaining 49.9% of shares in Broll Namibia from the Broll Property Group (Pty). The deal, which took effect on 1 July 2024, makes O&L the sole shareholder of Broll Namibia. This strategic acquisition underscores O&L's commitment to expanding its footprint […]

31 July, 2024

Africa

Dangote’s bid buy crude in Nigerian currency approved

Nigeria's government has approved the sale of crude oil to the Dangote refinery in the local currency, the Naira. The government asked the state-owned oil company, Nigerian National Petroleum Company Limited to sell the crude to Dangote and other refineries with immediate effect. The decision puts an end to the dispute between Dangote refinery and oil regulators over crude supply. Reuters reports that the $20 billion Dangote refinery, Nigeria's […]

30 July, 2024