Business / Economics Archives - Page 132 of 184

Namcor signs deal with Chevron for offshore exploration

The National Petroleum Corporation of Namibia has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited, a subsidiary of Chevron Global Energy Inc. This agreement will see CNEL acquire an 80 percent operating working interest in Petroleum Exploration License 82, that is located in the Walvis Basin, offshore Namibia. Here is NamCor Manager Of Marketing, Communications, and Public Relations, Paulo Coelho.

29 April, 2024

Business / Economics

29 April 2024 Morning Biz News: Biz News Roundup: Landlords Seize Opportunity, Rand Strengthens, Nigeria Secures Investment, and Dollar Hits High

Namibian Landlords Capitalize on Rental Demand Surge: Landlords in Namibia are making the most of increased demand for rental properties by raising deposits, as reported by the FNB Rent Price Index. Despite a slight decline in deposit growth in the fourth quarter of 2023 compared to the previous quarter, it remained significantly higher than the same period in 2022. This trend reflects the buoyancy of the rental market amidst changing […]

29 April, 2024

Business / Economics

NBL updates President Nangolo Mbumba on Distell integration

Namibia Breweries Limited’s Board Directors and Management Leadership Team paid a courtesy vist to President Nangolo Mbumba at the State House on Wednesday. The purpose of the visit was to update the President on the successful integration of Distell Namibia into NBL and the investments done so far to produce and pack wine and cider at NBL. NBL Corporate Affairs Manager Surihe Gaomas-Guchu.

26 April, 2024

Business / Economics

U.S. economy grew at a slower pace than expected in the first three months of the year.

The U.S. economy grew at a slower pace than expected in the first three months of the year. Analysts saw elevated interest rates and stubborn inflation are the major headwinds. William Denselow reports from New York.

26 April, 2024

Business / Economics

26 April 2024 Morning Biz News: Economic Insights: Tourism Boost, Corporate Deals, Regulatory Clarity, and Currency Trends

By Leonard Witbeen Tourism Sector Vitality: Namibia's tourism sector emerges as a cornerstone of economic vitality, with direct contributions amounting to 6.9% of the GDP, totaling N$14.3 billion. The recently released 2022 Namibia Tourist Satellite Account Report sheds light on the sector's robustness, revealing its employment of 57,277 individuals, constituting 7.9% of the country's total workforce. Corporate Merger Scrutiny: South Africa's government closely examines BHP Group's proposed acquisition of Anglo […]

26 April, 2024

Africa

Zimbabwe’s Tourism and Hospitality Industry Permanent Secretary gives update on MoU with Namibia

Zimbabwe and Namibia in 2014 signed a Memorandum of Understanding at the seventh session of the Joint Permanent Commission meant to strengthen bilateral trade and investment. Zimbabwe’s Ministry of Tourism and Hospitality Industry Permanent Secretary Dr. Takaruza Munyanyiwa.

25 April, 2024

Business / Economics

Mines and Energy Minister stresses merit-based project allocation

The Minister of Mines and Energy, Tom Alweendo has urged entrepreneurs not to anticipate being given projects effortlessly solely because of their nationality. He stressed the importance of acquiring essential knowledge from experts to enhance proactive engagement. Alweendo delivered this message during the ongoing 6th Namibia International Energy Conference in Windhoek. Founded by RichAfrica, Namibia International Energy Conference is the official meeting place for the energy industry. Moreover, it serves […]

25 April, 2024

Business / Economics

BoN governor on diplomatic visit with regional central banks

The Governor of the Bank of Namibia, Johannes !Gawaxab, recently embarked on a diplomatic visit to foster enhanced collaboration and cooperation with central banks in the region. Accompanied by a technical team from the Bank’s Financial Markets, Strategy, Projects and Transformation, Research, and International Relations Departments, the Governor visited the Bank of Ghana, the Reserve Bank of Zimbabwe, and the Bank of Botswana. Here is Naufiku Hamunime, the Acting Director of Strategic Communications […]

25 April, 2024

Africa

Nigeria revokes dormant mining licences, opens opportunity for investors

Nigeria's government has revoked with immediate effect, 924 dormant licences across four sectors in the mining industry. It has also invited investors to freely apply for the affected licences which it says will be offered on a "first come, first served" basis.

25 April, 2024