Business / Economics Archives - Page 115 of 184

20 June 2024 Morning Biz News: Global Economic Pulse: Trade Deficits Rise, Inflation Steady, and Strategic Investments in Energy Sector

In the dynamic landscape of global finance, several key developments have emerged recently that underscore significant trends and economic indicators across various regions. Here's a roundup of the latest updates: 1. Namibia Faces Growing Trade Deficit The Bank of Namibia's recent report highlights a concerning trend for the country's economy. Governor Johannes !Gawaxab announced a notable increase in Namibia's merchandise trade deficit, which has surged to N$13.5 billion in […]

20 June, 2024

Business / Economics

Information and Communication Technology ministry Facilitates Public-Government Dialogue on Enhancing Service Delivery

The Information and Communication Technology ministry organized an information-sharing session with the goal of fostering closer engagement between the government and the public, centered around the theme of Enhancing Service Delivery in the Public Sector through Communication. ICT Minister, Emma Theofelus.

20 June, 2024

Business / Economics

Nvidia dethrones Microsoft as most valuable company

Nvidia has overtaken Microsoft and Apple to become the world's most valuable public company. The computer chip maker — at the heart of the artificial intelligence boom — now has an overall market valuation of $3.34 trillion, roughly N$ 60 trillion, with the price having nearly doubled since the start of this year. Benji Hyer reports. CNBC further reports that Nvidia shares are up more than 170% so far this […]

19 June, 2024

Africa

Nigeria offers oil blocks for bidding

Nigeria has announced 17 new oil blocks for bidding by investors. It brings the total blocks on offer by the country to 36 for the 2024 oil bid round. Tesem Akende reports from Jos.

19 June, 2024

Business / Economics

Rössing hosts uranium sustainability conference

Rössing Uranium, now under the majority shareholding of China National Uranium Corporation, hosted the "Namibia Natural Uranium Sustainable Development" Conference in Windhoek on Tuesday. Johan Coetzee, Managing Director of Rössing Uranium, announced plans to extend the mine's life beyond 2036.

19 June, 2024

Business / Economics

AviaDev Africa Conference explores investment opportunities

Global aviation industry leaders are in Windhoek for the Aviation Development Africa Conference, hosted by the Namibia Airports Company at the Movenpick Hotel. This annual forum brings together influential stakeholders, including airlines, airports, tourism boards, government officials, and industry experts. Here is the CEO of AviaDev Africa Jon Howell. Chairperson of the Namibia Airports Company Dr Leake Hangala says Namibia is looking for investment opportunities in the aviation sector.

19 June, 2024

Business / Economics

Bank of Namibia keeps repo rate at 7.75%

The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, with the prime lending rate holding steady at 11.50 percent. Governor of the Bank Johannes !Gawaxab says this policy stance will continue to safeguard the one-to-one link between the Namibia Dollar and the South African Rand and support domestic economic activity. UNAM economics lecturer, Dr. Omu Kakujaha-Matundu, believes that consumers […]

19 June, 2024

Africa

Six in ten Kenyan professionals are willing to work abroad

Fourth global study on international mobility trends by BCG, The Network, The Stepstone Group, and local partner The African Talent Company (TATC) features survey data from more than 150,000 workforce respondents from 188 countries, including Kenya One in four professionals globally and six in ten Kenyan professionals actively seek jobs abroad Australia, the US, Canada, the UK, and Germany round out the top five most desired destination countries […]

19 June, 2024

Africa

Young African innovators are leading the charge on food security

By Esther Musembi, bird story agency From innovative energy solutions to effective financing options for farmers and advanced farming practices, young African inventors and entrepreneurs are finding novel ways to take on the continent's food security challenges, it emerged during a recent award ceremony in Nairobi. The award, a project of The Pamoja Founders, a regional leadership development initiative of the International Research and Exchanges […]

19 June, 2024