Business / Economics Archives - Page 120 of 184

Trustco’s Meya Mining Investment confirms $763 million diamond resource

Trustco Group Holdings Limited (TTO.SJ) has announced that Meya Mining, in which Trustco’s mining portfolio holds a 19.5% interest, and is located within the eastern province of Sierra Leone, has released promising findings from a diamond resource estimate for the Meya River Kimberlite Dyke. The report confirms the total kimberlite ore down to a depth of 800m below surface is 6.05 million tonnes. The assessed in-situ grade is […]

5 June, 2024

Business / Economics

Understanding the dynamics of brand value

By Bank Windhoek’s Executive Officer of Marketing and Corporate Communication, Jacquiline Pack. In contemporary consumer culture, brands are omnipresent. We cannot escape their profound influence and call to interact with them. We have complex mosaic theories explaining the power of brands for the companies that own them, the consumers who purchase and consume them, and the mark they leave on society. Ultimately, brand value is a […]

5 June, 2024

Business / Economics

Safeguarding your world with personal All-Risk cover

By Johannes Hesekiel, General Manager for Personal Lines, Old Mutual Short-Term Insurance, Old Mutual Namibia In today's fast-paced world, we carry our lives with us wherever we go. From the latest gadgets to cherished heirlooms, our personal belongings are more than just objects—they're a reflection of who we are. Yet, in the midst of our busy lives, we often overlook a crucial aspect of safeguarding these valuables: […]

5 June, 2024

Business / Economics

NZ Budget 2024: tax cuts and borrowing don’t always fuel inflation – but Nicola Willis has to get the balance right

LazingBee/Getty Images By Dennis Wesselbaum, University of Otago On the eve of the first budget from the National-ACT-New Zealand First coalition government, there is ongoing debate over whether borrowing while offering tax cuts could trigger a rise in inflation. Finance minister Nicola Willis has confirmed the budget will introduce “meaningful but modest” tax relief. But what impact will these cuts have on New Zealand’s economy? During the […]

5 June, 2024

Business / Economics

South Africa’s Economy Contracts in Q1 of This Year

South Africa's economy recorded a slight contraction in the first quarter of 2024, impacted by a decline in the mining and construction sectors, according to data from the statistics agency on Tuesday as reported by Reuters. Gross domestic product shrank by 0.1% quarter-on-quarter in seasonally adjusted terms, contrary to economists' expectations of 0.1% growth. On a year-on-year basis, the economy grew by 0.5%, slightly below the predicted 0.6% growth.

5 June, 2024

Business / Economics

5 June 2024 Morning Biz News: Global Economic Landscape: Namibia’s Walvis Bay Leads Trade, Rand Dips Amid Political Shifts, Nigerian Banks Adapt, and Markets Tread Cautiously

Namibia's Walvis Bay Harbour Emerges as Leading Trade Gateway In April, Walvis Bay Harbour solidified its position as Namibia's premier trade gateway, boasting the highest trade volumes for both exports and imports among the country's ports. According to data from The Brief, the Namibia Statistics Agency reported that Walvis Bay Harbour managed a staggering N$3.8 billion in exports and N$5.2 billion in imports during the month. This significant achievement underscores […]

5 June, 2024

Business / Economics

RMB Namibia Leads Syndicated Loan for Navachab Mine Expansion

RMB Namibia has been appointed by QKR Navachab to arrange a USD155 million syndicated loan from Namibian and South African banks. The loan, aimed at funding the mine’s expansion program, will significantly increase gold output, contributing to Namibia’s economic sustainability. RMB will also provide risk management solutions to optimize the mine’s exposure to various factors. Jason Shikalepo, Head of Investment Banking at RMB Namibia, offers further details.

5 June, 2024

Business / Economics

Airbus to unveil combat drone to accompany fighter jets

European planemaker Airbus was on Wednesday to unveil a full-scale model of a fighter drone dubbed "Wingman" and designed to accompany manned combat aircraft on risky missions. The model will be on display at the ILA Berlin Air Show, Germany's largest aerospace show, from June 5 to 9. "The Wingman is intended to augment the capabilities of current manned combat aircraft with uncrewed platforms that can carry […]

4 June, 2024

Business / Economics

4 June 2024 Morning Biz News: Navigating the Winds of Change: Biz News Update

In the ever-evolving landscape of global finance and politics, staying abreast of the latest developments is paramount for investors and businesses alike. Here’s a snapshot of the recent buzz in the business world: 1. First Capital Group’s Potential Listing on Namibian Stock Exchange First Capital Group finds itself at a crossroads, contemplating a listing on the Namibian Stock Exchange. The move comes in the wake of a lukewarm response […]

4 June, 2024