Business / Economics Archives - Page 135 of 184

Capricorn Corner earns ‘Green Building Certification’

The Capricorn Corner building, Capricorn Group's state-of-the-art office facilities in Klein Windhoek, earned EDGE Advanced green building certification, the green building certification from the International Finance Corporation, the private sector arm of the World Bank Group. The certification, presented by EDGE certification partner - Green Business Building Certification Inc. marks the first internationally recognised operational building to be EDGE-certified in Namibia. This achievement also preludes this year's World Earth Day, […]

22 April, 2024

Business / Economics

About 10 billion barrels of oil discovered off Namibia’s coast

An estimated 10bn barrels of oil has been discovered in Namibia, Portuguese oil company Galp Energia has said. The company told Bloomberg News that it had made the potential find after concluding its first phase of oil exploration in the Mopane field off Namibia's coast. Vast oil and gas reserves have been discovered in Namibia's Orange Basin, where Mopane is located, in recent years. Namibia is eyeing an entry into […]

22 April, 2024

Business / Economics

South Africa’s security forces once brutally entrenched apartheid. It’s been a rocky road to reform

By Sandy Africa, University of Pretoria One of the important tasks that faced South Africa’s democratic government after 1994 was to reform the apartheid-era security apparatus. The African National Congress (ANC), which was voted into power, had a laudable vision in the 1990s for reforming the police, military and intelligence services. Determined that South Africans would never again be subject to the brutality of the security forces, […]

22 April, 2024

Business / Economics

EXCLUSIVE INTERVIEW: Local Labor Expert Herbert Jauch on Otjikoto B2Gold: A Perspective on Recent Retrenchments

Namibia, a nation already grappling with a significant unemployment crisis, received sobering news with the announcement of retrenchments at the B2Gold Mine. Herbert Jauch, a local labor expert, weighs in on the implications of this development for the country's workforce and economy. Jauch begins by highlighting the severity of the situation, emphasizing that Namibia's unemployment rate is already alarmingly high. The prospect of further job losses exacerbates an already challenging […]

22 April, 2024

Business / Economics

22 April 2024 Morning Biz News: MortgageMarket Expands Horizons: Launches Operations in Namibia, Spearheading Accessible Home Loans Beyond South Africa

MortgageMarket, a pioneering online home-loan marketplace platform based in South Africa, has embarked on an ambitious expansion strategy by launching operations in Namibia. Founded in 2019 by Tim Akinnusi, a seasoned banking executive, the platform has revolutionized the process of securing financing for property acquisitions, catering to the needs of customers, property developers, and estate agents alike. The move into Namibia marks a significant milestone for MortgageMarket, as it extends […]

22 April, 2024

Business / Economics

Namibia Local Content Conference Drives Sustainable Growth in Oil and Gas Sector

In Lüderitz, the Namibia Chamber for Commerce and Industry, in collaboration with Antila Consultancy, has convened the Namibia Local Content Conference, uniting key industry players to foster the evolution and sustainability of local industries within the oil and gas sector. NCCI president Bisey |Uirab.

22 April, 2024

Business / Economics

March 2024 Vehicle Sales Reach Highest Level Since July 2016

Simonis Storm Economist, Halleluya Ndimulunde, commented on the March 2024 vehicle sales, stating that out of the 1,451 vehicles sold, 1,269 were purchased by dealerships and 182 by rental agencies, with no sales to the government. Commercial vehicles were the main driver behind the surge in sales.

19 April, 2024

Business / Economics

19 April 2024 Morning Biz News: Highlights and Financial Indicators

1. Namibia's Green Industrialization Drive: Namibia is at the forefront of a pioneering effort to repurpose its rail assets, with the aim of driving green industrialization. James Mnyupe, Green Hydrogen Commissioner, emphasizes the country's strategic geographic location and abundant renewable energy sources as key drivers for sustainable economic development. 2. Job Cuts in South Africa's Mining Sector: Sibanye Stillwater has announced plans to shutter its 4 Belt shaft at Marikana, […]

19 April, 2024

Business / Economics

Namibia Breweries Limited receives double honour for revenue contribution in 2023

Namibia Breweries Limited has been awarded the “Overall Highest Trader Revenue Contribution” for the year 2023 by the Namibia Revenue Agency showcasing the NBL’s tax compliance and overall positive contribution to the development of the local economy. NBL was awarded in the category of the “Highest Contributor of Customs and Excise,” which relates to the revenue collected mainly on customs and excise duties and Value Added Tax for the period […]

18 April, 2024