Business / Economics Archives - Page 138 of 184

bird TenX: African countries with the highest number of EVs

By Bonface Orucho, bird story agency Despite recent headwinds, a growing shift from gasoline-powered vehicles to electric vehicles continues apace in Africa. Last year, the global sale of fully electric and plug-in hybrid vehicles rose by 31% compared to 2022, according to a 2024 report by market research firm Rho Motion. Despite the high cost of conversion and a lack of adequate enabling infrastructure such as […]

16 April, 2024

Africa

New e-mobility policies are pushing EV fleet expansions in Africa

By Bonface Orucho, bird story agency African countries are welcoming a new era of more robust e-mobility policies as countries seek to scale their electric vehicle (EV) fleets after successful tests and pilots. According to Lusanda Madikizela, the head of Zero Emission Transport at C40 Cities in South Africa, better policies provide confidence for investors, manufacturers and operators. “Manufacturers need policy certainty so they can adjust specifications... financiers […]

16 April, 2024

Business / Economics

Bank of Namibia Monetary Policy Committee Announcement Set for April 17

The upcoming Bank of Namibia Monetary Policy Committee announcement is slated for April 17. Notably, the Bank of Namibia's most recent interest rate decision maintained the Repo Rate at 7.75 percent. In comparison, the South African Reserve Bank's repo rate presently sits at 8.25 percent. Economist Robert McGregor from Cirrus Capital provided insights into the matter.

16 April, 2024

Business / Economics

UNam expert talks Rising Cost of Living Challenges

The escalating cost of living, both locally in Namibia and worldwide, has presented enduring challenges, making essentials like food and water unaffordable for many. Governments are grappling with aiding citizens in meeting these basic needs on a daily basis. Dr. Basilius Kasera, a faculty member in Human Sciences at UNam, provides his perspective on one possible solution.

16 April, 2024

Business / Economics

TransNamib Names Desmond Ernst van Jaarsveld as New CEO

TransNamib has declared the selection of Desmond Ernst van Jaarsveld as its incoming Chief Executive Officer, commencing tomorrow April 17. Formerly holding the position of managing director at DP World, van Jaarsveld succeeds Webster Gonzo, who has served as the interim CEO since the past year. TransNamib spokesperson Abigail Raubenheimer provided the announcement.

16 April, 2024

Business / Economics

16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections

Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […]

16 April, 2024

Business / Economics

S.A’s Central Energy Fund’s mid-month data predicts petrol prices to increase for the fourth consecutive month in May

S.A's Central Energy Fund's mid-month data predicts petrol prices to increase for the fourth consecutive month in May, with an anticipated under-recovery of around 30-cents-per-litre. However, diesel prices are expected to decrease, with an over-recovery of approximately 28-cents-per-litre. The anticipated increase sees 93 octane petrol rising by 30-cents-per-litre and 95 octane by 31-cents-per-litre. Meanwhile, diesel wholesale is expected to have a decrease of 26 to 31-cents-per-litre

16 April, 2024

Business / Economics

Industrialisation Ministry holds Erongo region consultations

The Ministry of Industrialisation and Trade is undertaking public consultations in the Erongo Region today on three key legislative and policy documents in a clustered form to get inputs from all stakeholders. Here is the Ministry's spokesperson Elijah Mukubonda.

15 April, 2024

Business / Economics

Apple loses top phone-maker title to Samsung

Apple's smartphone shipments have dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot. Julian Satterthwaite reports for Reuters.

15 April, 2024