insert_link Business / Economics 20-27 June 2024 Weekly Economics Wrap: Global and African Markets in Focus This week in economic news, several key developments have shaped financial landscapes across Africa and globally. Namibian Market Highlights: Savanna Beef Secures N$150 Million for Export Abattoir: Savanna Beef has successfully secured a N$150 million loan to construct an advanced export abattoir. This initiative, spearheaded by the Beef Value Chain Forum and facilitated by Cirrus Capital, aims to enhance Namibia's beef export capabilities, as reported in The Brief. Trustco […] today27 June, 2024
insert_link Business / Economics 27 June 2024 Moring Biz News: Namibian Business Pulse: Mining Expo Set for Record Turnout Amidst Currency and Market Developments 1. Chamber of Mines of Namibia Prepares for Record-breaking Mining Expo The Chamber of Mines of Namibia is anticipating a highly successful annual mining expo this year, with expectations pointing towards a record-breaking turnout. Having previously hosted 162 exhibitors and 270 booths, the upcoming event has already secured commitments from 145 exhibitors for 245 booths with six weeks remaining until its commencement. This surge suggests an imminent sell-out, according to […] today27 June, 2024
insert_link Business / Economics Namibia Secures Bid for 2024 Event After hosting Africa Hospitality Investment Forum The Africa Hospitality Investment Forum , ending today, is being held for the first time in Southern Africa. Namibia secured the bid to host AHIF 2024 through the efforts of the Namibia Investment Promotion and Development Board, which is also the host partner for the 2024 even. Lullu Krugel Partner, Strategy and Chief Economist at PwC in South Africa about Africa in the New Global Geopolitical Order. today27 June, 2024
insert_link Business / Economics Minister Schlettwein Approves 20-25 Million Cubic Meter Desalination Plant in Erongo Region Lands Minister, Calle Schlettwein announced at a Land Development Conference in Henties Bay that the government has authorized the construction of a desalination plant in the Erongo region with a capacity of 20-25 million cubic meters. Minister, Calle Schlettwein. today27 June, 2024
insert_link Business / Economics Financial Intelligence Centre launches 2023/24 annual report The Financial Intelligence Centre which is mandated with combating money laundering, financing of terrorism, and proliferation launched the 2023/24 annual report in the capital on Wednesday. Speaking at the launch, FIC board chairperson, Charmaine van der Westhuizen says the FIC’s role is indispensable. The Financial Intelligence Centre achieved an unqualified audit opinion, with reserves increasing by 128% to N$44.3 million from N$19.3 million in the previous financial year. Total […] today26 June, 2024
insert_link Business / Economics Tourism Potential Highlighted at African Hospitality Investment Forum At the African Hospitality Investment Forum, Connie-Marlene Theyse of FNB Namibia emphasized the country's growing appeal as a tourism and business travel destination. Tourism contributed 7% to Namibia’s GDP in 2022, worth 14.3 billion Namibian dollars. The forum and the recent AviaDev Conference in Windhoek underscore Namibia's potential for further growth and its readiness to welcome more tourists. today26 June, 2024
insert_link Business / Economics 26 June 2024 Morning Biz News: Business News Roundup: Port of Walvis Bay Drops in Rankings, Sibanye Stillwater Seeks $500 Million, Dollar Strengthens, and Oil Prices Fall Global Shipping Challenges: The Port of Walvis Bay's Decline The Port of Walvis Bay has experienced a significant drop in global rankings, as highlighted by the World Bank's latest report. Once positioned at 293rd in 2022, the port now finds itself at 382nd out of 405 ports in 2023. The 2023 Container Port Performance Index by High Economic Intelligence identifies several contributing factors to this decline, raising concerns about […] today26 June, 2024
insert_link Business / Economics Africa Hospitality Investment Forum kicks off in Windhoek The Africa Hospitality Investment Forum has started today in Windhoek. The Forum attracts investors, business leaders, senior government officials, and advisors from 41 countries to a three-day networking conference. Kenneth Nependa, CEO of Sandwich Dune Tours and Safaris, shares his expectations for the conference. today25 June, 2024
insert_link Business / Economics 25 June 2024 Morning Biz News: Global Markets Navigate Volatility: Namibia’s Agricultural Imports Surge, Rand Weakens, Oil Prices Stable, Stocks Mixed Ahead of US Inflation Data In the dynamic landscape of global markets, several key developments have emerged, impacting economies and industries worldwide. Here's a comprehensive overview of the latest updates: 1. Namibia's Agricultural Imports Surge Amidst Economic Realities Namibia, a nation with a burgeoning agricultural sector, faced significant revelations as Eos Capital Managing Director, Immanuel Kadhila, disclosed that the country imported agricultural products amounting to N$22 billion in 2023. This figure starkly highlights Namibia's heavy […] today25 June, 2024