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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 114 of 184

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Business / Economics

21 June 2024 Morning Biz News: Biz News Roundup: Economic Insights and Market Movements

  In the dynamic world of business and finance, staying informed about the latest developments is crucial for making sound decisions. Here's a roundup of the most recent updates shaping economies and markets globally: Namibia Shows Resilient Growth in Q1 2024 Namibia's economy demonstrated robust performance in the first quarter of 2024, with a significant growth of N$5.3 billion, marking a 4.7% real growth rate. According to the Namibia Statistics […]

today21 June, 2024

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Business / Economics

Primary industries drive Namibia’s Q1 GDP growth

The Namibia Statistics Agency has released Q1 GDP numbers, showing a 4.7% expansion compared to 5.3% in Q1 of 2023. Year-on-year GDP in real terms rose to N$38.9 billion from N$37.2 billion, reflecting a N$1.7 billion increase. Statistician-General Alex Shimuafeni attributes the growth mainly to a 5.1% increase in real value added in the Primary industries sector.

today20 June, 2024

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Business / Economics

EU agrees to new Russia sanctions

The European Union has agreed its latest round of sanctions against Russia following its invasion of Ukraine. Alex Cadier reports from Brussels that the new measures will target the Russian energy sector and clamp down on sanctions circumvention.

today20 June, 2024

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Business / Economics

NIPDB hosts annual TechNovation social

The Namibia Investment Promotion and Development Board, in collaboration with FNB Namibia, hosted the third annual TechNovation Social-themed “Bringing creators and customers together.” This year's event featured an exhibition by 21 Micro, Small, and Medium Enterprises in the creative and culture industry. Here is Dino Ballotti, Executive Director for MSME Innovation and Acceleration at the NIPDB.

today20 June, 2024

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Business / Economics

Rössing Uranium Reports Record Performance in 2023

Rössing Uranium's 2023 Sustainability and Performance Report reveals record achievements, with the mine producing 6.4 million pounds and selling 6.9 million pounds of uranium, resulting in N$6.48 billion in revenue, a significant increase from 2022's N$4.84 billion. Key markets included China, North America, and EMEA. Dividends of N$177 million were paid. The mining sector contributed 14.4% to GDP, with over N$21 billion spent on local procurement and N$6.4 billion in […]

today20 June, 2024

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Business / Economics

13-20 June 2024 Weekly Economics Wrap: Pupkewitz Tops Affordability, Namibia Holds Rates, and Global Markets Shift

Pupkewitz Megabuild Leads in Affordability According to The Brief's monthly survey for June 2024, Pupkewitz Megabuild has emerged as the most affordable hardware store in Windhoek. This survey, initiated in June 2023, benchmarks the prices of a standardized basket of hardware items across four major stores: Build It, BUCO, Pupkewitz Megabuild, and Ark Trading. Pupkewitz's consistent pricing strategy has positioned it favorably among consumers seeking value for money in their […]

today20 June, 2024

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Business / Economics

Mining Industry Boosts GDP and Local Economy in 2023

Mines and Energy minister, Tom Alweendo, announced that Namibia's mining sector significantly increased its contribution to the GDP to 14.4% in 2023, up from 11.9% in 2022. The industry spent over N$21 billion on local procurement and contributed N$6.4 billion in royalties and taxes, compared to N$4.2 billion the previous year. Employment in the sector reached 18,189, with N$211 million spent on corporate social responsibility. Alweendo emphasized the mining industry's […]

today20 June, 2024