Business / Economics Archives - Page 125 of 184

Namibia slips in mining investment appeal

The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Namibia, have declined in their investment attractiveness for mining exploration. The libertarian-conservative Canadian public policy think tank and registered charity headquartered in Vancouver's, 2023 annual mining survey assesses the impact of mineral endowments and policy factors on attitudes toward exploration investment. According to the survey results, Namibia’s score decreased from 59.88 last year to 56.43 […]

20 May, 2024

Business / Economics

20 May 2024 Morning Biz News: Business News Roundup: Poultry Imports Resumed, Inflation Stability, and Global Market Trends

In the dynamic world of business, staying abreast of the latest developments is essential for informed decision-making. Here’s a roundup of recent noteworthy events shaping the business landscape: Poultry Imports Ban Lifted in Namibia The Directorate of Veterinary Services, under Namibia's Ministry of Agriculture, Water, and Land Reform, has announced the lifting of the ban on poultry meat imports from South Africa. This decision comes with specific conditions to […]

20 May, 2024

Business / Economics

Business Researcher Josef Sheehama’s Insights on Parastatals: TransNamib’s Role in Namibia’s Economic Revival

In a recent interview, business and economics researcher Josef Sheehama shed light on the pivotal role of parastatals, particularly TransNamib, in shaping Namibia's economic landscape. Sheehama's analysis delves into the intricate relationship between state entities, employment, trust, and economic growth, offering valuable insights for policymakers and stakeholders alike. At the heart of Sheehama's discourse lies the nexus between trust and employment within parastatals. He underscores the significance of TransNamib […]

20 May, 2024

Business / Economics

President Mbumba secures commitments for green hydrogen sales in Europe

President Nangolo Mbumba led Namibia’s delegation at the World Hydrogen 2024 Summit and Exhibition in Rotterdam, Netherlands. Namibia is progressing with plans to establish an ammonia bunkering hub and a green hydrogen-powered train to reduce emissions in shipping and logistics. President Mbumba says these initiatives will minimise scope 2 and scope 3 emissions from goods and commodities transported via Namibia’s ports. He commended the government’s efforts through the Green Hydrogen […]

17 May, 2024

Business / Economics

17 May 2024 Morning Biz News: Global Financial Landscape: Insights from Namibia to Asia

In the dynamic world of finance, each day unveils a new narrative, weaving together the intricate threads of economic indicators and market movements. From the southern tip of Africa to the bustling trading floors of Asia, the past week has been a tapestry of noteworthy developments that offer insights into the global financial landscape. 1. Namibia Revenue Agency's Surprising Triumph The Namibia Revenue Agency (NamRA) has emerged as a beacon […]

17 May, 2024

Business / Economics

Namibia-China economic partnership, and performative relationship strengthens

Namibia and China have maintained a positive relationship over the years, the two sides have developed a strong economic and political partnership, with China emerging as Namibia's largest source of foreign investment and second-largest trading partner. We asked International relations expert from South Africa, Brooks Spector for opinion on the matter.

16 May, 2024

Business / Economics

Paratus Namibia Holdings doubles market capital with N$ 600 million raise

Paratus Namibia Holdings Limited (PNH) has successfully raised over N$600 million through its recent Rights Issue and investment drive. The capital infusion has effectively doubled the company's market capital on the NSX. The company says the raised capital was sourced from a diverse group of investors, including the Paratus Group (61,9%), Paratus employees (2,6%), institutional investors (34%), and retail investors (1,5%). Paratus Namibia Managing Director Andrew Hall adds that the […]

16 May, 2024

Business / Economics

9-16 May Weekly Economic Wrap: Diverse Trends Unfold Across Africa and Beyond

In the dynamic landscape of African and international economies, the past week has witnessed a plethora of developments, from notable milestones to significant shifts in key sectors. Here's a comprehensive roundup of the latest economic highlights: Namibia: Private Sector Credit Declines, Port Authority Achieves Milestone Official data from Namibia reveals a substantial decline of 65.7% in private sector credit disbursements over the past year, totaling N$1.44 billion compared to […]

16 May, 2024

Business / Economics

16 May 2024 Morning Biz News: Global Economic Updates: Tourism Booms in Namibia, Rand Maintains Momentum, Nigeria Faces Inflation Challenges, Dollar Slumps

In March 2024, Namibia experienced a remarkable surge in hotel bookings, with over 26 thousand rooms reserved, marking a substantial 19.1% increase compared to the same period last year. This surge in bookings was primarily driven by coastal destinations, signaling a promising trajectory for the country's tourism sector. The coastal regions, renowned for their scenic beauty and diverse attractions, attracted a significant influx of visitors, contributing to the overall growth […]

16 May, 2024