insert_link Business / Economics Finance Ministry gives an updates on SME recovery loan scheme The Deputy Minister of Finance Maureen Hinda-Mbuende re-launched the SME Economic Recovery Loan Scheme designed last year to assist Small and Medium Enterprises that have suffered difficult economic conditions. We contacted Minister Hinda-Mbuende for an update. today25 April, 2024
insert_link Business / Economics Minister Alweendo Highlights Skills Gap in Mining Sector, Calls for Increased Benefits for Citizens Minister of Mines and Energy, Tom Alweendo, addressed the Chambers of Mines of Namibia 2024 annual general meeting, emphasizing the lack of specific skill sets generated by Namibia's mining economy. Alweendo stressed the need for tangible benefits from mining to accrue to Namibian citizens, highlighting a disconnect between resource revenue and citizen prosperity. Chamber of Mines chairperson, Zebra Kasete, underscored the importance of research and development in optimizing processing techniques […] today25 April, 2024
insert_link Business / Economics Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue. The currency slipped past 155 to the US dollar for the first time in 34 years on Wednesday. Chris Gilbert has more from Tokyo. today25 April, 2024
insert_link Business / Economics 18-25 April 2024: Weekly Economic Wrap: Insights into Key Developments Across Africa and Beyond Weekly Economics As the global economy navigates through a myriad of challenges and opportunities, significant developments unfold across various sectors, shaping the economic landscape. Here's a recap of the noteworthy events from the past week: Namibia's Mining Sector: A Pillar of Growth The mining sector in Namibia continues to showcase robust performance, with the Chamber of Mines reporting impressive figures for the 2023 financial year. Total turnover soared to N$51.5 billion, marking […] today25 April, 2024
insert_link Business / Economics 25 April Morning Biz News: Mining Sector Shines Bright in Namibia, Shoprite Expands UNIQ Stores, and Financial Market Insights The global economic landscape is ever-evolving, marked by fluctuations and innovations that shape industries and economies worldwide. Here's a roundup of recent business news highlighting significant developments and financial indicators: 1. Namibia's Mining Sector: A Beacon of Growth Amidst the challenges posed by a dynamic global economy, Namibia's mining sector emerges as a beacon of resilience and growth. According to the Chamber of Mines of Namibia, the sector showcased an […] today25 April, 2024
insert_link Business / Economics B2Gold Otjikoto mine to retrench 300 workers B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […] today24 April, 2024
insert_link Africa Nigeria freezes over 300 suspected accounts to secure its foreign exchange market Nigeria's anti-graft agency, the Economic and Financial Crimes Commission, EFCC says it has frozen about 300 accounts to ensure the safety of its foreign exchange market. today24 April, 2024
insert_link Business / Economics ByteDance given nine months to divest TikTok amid data concerns US President Joe Biden has signed into law a 95 billion dollar package to provide weapons and funding to Ukraine, Israel, and Taiwan - as well as a possible ban on the social media app TikTok. It comes after months of political wrangling and delays over sending aid to overseas conflicts. Kate Fisher reports from Washington. Separately, the BBC reports that TikTok says it will challenge in court an "unconstitutional" […] today24 April, 2024
insert_link Business / Economics International Energy Agency expects half of all cars sold globally to be electric by 2035 Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China. In a report Tuesday, the International Energy Agency projected that “increased demand” for EVs over the next decade was set “to remake the global auto industry and significantly reduce oil consumption for road transport.” According to CNN, it expects half of all cars sold globally to […] today24 April, 2024