Business / Economics Archives - Page 143 of 184

03 April 2024 Morning Biz News: Paladin Energy’s Langer Heinrich Mine Achieves Production Milestone

Paladin Energy, a prominent player in the uranium mining sector, has recently announced a significant milestone at its Langer Heinrich Mine. The company disclosed that the mine has achieved its first production milestone following a successful restart. This development comes as a result of strategic initiatives undertaken by Paladin Energy to resume operations at the Langer Heinrich uranium mine. In May 2022, Paladin Energy unveiled plans to raise N$169 million […]

3 April, 2024

Business / Economics

BIPA urged to extend waiver program deadline

Registered business owners are requesting an extension on the Business and Intellectual Property Authority's Annual Duty Penalty Waiver Program, citing long queues observed at both the Grove and Maerua Mall. Registered business owners are required to pay an annual fee of N$120; however, failure to pay results in penalties. BIPA’s Executive of Marketing, Corporate Communications, and Client Management Services, Ockert Jansen, comments on the issue.

2 April, 2024

Business / Economics

Hong Kong drops in port rankings

Hong Kong has dropped to the 10th largest seaport by volume, according to maritime consultancy Drewry. Shanghai, Singapore, and Ningbo-Zoushan took the top three spots, as Hong Kong lost ground to rivals in mainland China and south-east Asia.

2 April, 2024

Africa

E-bikes could cut smog, energy use and congestion globally — but will they?

By Charles Pekow Can simply adding an electric motor to a human-powered bicycle significantly reduce urban smog, traffic congestion and energy consumption — and even help curb climate change? Yes, but many bumps in the road must be overcome to get there. Today’s electric bicycles come in a range of two-wheeled e-bikes and three-wheeled e-trikes, varieties to meet consumer and business needs, with many millions already sold. The […]

2 April, 2024

Africa

Making short films is a powerful way to learn job skills: 5 ways it prepares students for work

Making short films can change the way people learn. ASphotowed/iStock/Getty Plus By Wendy Smidt, Cape Peninsula University of Technology and Zayd Waghid, Cape Peninsula University of Technology The world of work is changing all the time. Technology is driving innovation and productivity, leading to the creation of new industries and employment opportunities. This means people need new skills to meet the demands of an ever-changing economy. While […]

2 April, 2024

Africa

Cost of living relief on the cards as Kenya, Nigeria currencies gain ground

By Conrad Onyango, bird story agency Squeezed by painfully high prices for over a year, households in Kenya and Nigeria are beginning to get some relief as their national currencies strengthen against the US dollar and the cost of living starts to come down. In 2023, the shilling and naira were ranked among the worst-performing currencies in the world, according to data from Bloomberg and World Currency […]

2 April, 2024

Africa

Somalia plugs 5G into its economic rebound

By Seth Onyango, bird story agency Somalia has received its first 5G installation, cranking up a series of reforms to revamp its economy after joining the East Africa Community (EAC). Hormuud Telecom Somalia Inc., its largest telco, rolled out faster internet speeds last month, signalling budding growth in the country's digital services industry. "As Somalia strides towards stability, the launch of 5G services by Hormuud Telecom emerges as […]

2 April, 2024

Africa

Africa begins licensing crypto as verified transactions hit US $117 billion

By Conrad Onyango, bird story agency Regulators in Africa are taking steps to bring crypto entities under official oversight as treasuries seek to blunt fiscal risks amid a surge in demand for digital assets. Authorities in South Africa and Nigeria, the continent's most 'crypto-ready' countries, are leading the continent's efforts to place crypto dealers under a licensing regime to protect consumers against money laundering and terrorism-related risks. […]

2 April, 2024

Africa

Digital trade protocol for Africa: why it matters, what’s in it and what’s still missing

By Franziska Sucker, University of the Witwatersrand In February 2024, African heads of states adopted a draft protocol to regulate digital trade within the continent. This significant yet challenging course for Africa’s digital economy fits into the broader trade agreement, designed to create a single continental market for free movement of goods, services, capital and people. Franziska Sucker explains the protocol, why it matters and what still […]

2 April, 2024