Business / Economics Archives - Page 146 of 184

Namibia Revenue Agency Advises Patience Amid Trans-Kalahari Border Post Construction

The Namibia Revenue Agency, in conjunction with other border agencies, has urged the public and stakeholders to remain patient due to ongoing construction activities at the Trans-Kalahari Border Post. This initiative aligns with the Bilateral Agreement between Namibia and Botswana, aiming to establish the One-Stop Border Post. Speaking on behalf of NAMRA, spokesperson Steven Ndorokaze emphasized the importance of cooperation and understanding during this period of infrastructure development.

27 March, 2024

Business / Economics

27 March 2024 Morning Biz News: Financial Indicators Roundup: Updates and Analysis

In the dynamic landscape of global finance, recent developments across various sectors have sparked considerable interest and analysis. Let's delve into the latest financial indicators to glean insights into key economic trends: Namibia's Green Hydrogen Project Gears Up for Operations: Obeth Kandjoze, Chairperson of the Namibia Green Hydrogen Council, has announced significant progress in the Daures Green Hydrogen Village project. Currently at 80% completion, the project is set to commence […]

27 March, 2024

Business / Economics

DBN’s long-term ratings steady with positive outlook

Fitch Ratings has affirmed the Development Bank of Namibia Limited's Long-Term Issuer Default Ratings at 'BB-' and its National Long-Term Rating at 'AA+, with a stable outlook. Fitch said although DBN recorded a loss of N$270 million for the 2023 financial year due to high loan impairment charges, it forecasts the bank to turn profitable. Here is economic researcher Josef Sheehama.

26 March, 2024

Business / Economics

Accidental managers: why people who are great at their job can fail when they get promoted

Cary Cooper, University of Manchester There’s a saying that people don’t quit their job, they quit their boss. And poor management certainly has a lot to answer for in the UK workplace. A staggering 82% of new managers in the UK are what the Chartered Management Institute (CMI) calls “accidental managers”, according to a YouGov survey commissioned among 4,500 workers and managers in June, which has recently been published. Accidental […]

26 March, 2024

Africa

bird TenX: Ten influential women in African politics

By Esther Musembi, bird story agency With more than a third of African countries headed to the polls in 2024, African women are showing increasing interest in holding leadership positions, including the presidency. Their stories inspire resilience, determination, and visionary leadership, serving as beacons for future generations of female leaders across the continent. The following is a selected list of some influential women in African politics: 1. […]

26 March, 2024

Business / Economics

Sri Lanka cuts key interest rates, seeks China deal

Sri Lanka's central bank cut interest rates Tuesday as the prime minister visited China seeking a debt restructuring deal crucial to maintaining an IMF bailout. Transport minister and government spokesman Bandula Gunawardana said Prime Minister Dinesh Gunawardena was in Beijing, the island's biggest bilateral creditor. "We are in the final stages of restructuring our foreign debt and the prime minister is in China for this purpose," Gunawardana told […]

26 March, 2024

Business / Economics

Fitch Ratings Rates Namibia’s Development Bank as Outlook Stable

Opinion Piece, By Josef Kefas Sheehama Fitch Ratings has affirmed DBN's Long-Term Issuer Default Ratings (IDR) at 'BB-' and it’s National Long-Term Rating at 'AA+. These credit ratings cover the widest range of credit risk factors and have no limitations. The Namibian Development Bank (DBN) is the country's flagship and largest policy bank, contributing to economic and social development. Its strategy is in line with national development […]

26 March, 2024

Business / Economics

Costly mistakes to avoid as a Namibian farmer

By Hanks Saisai, Technical Advisor: Crops & Poultry, Agribank Many livelihoods in Namibia rely directly or indirectly on agriculture and the products that reward the hardworking men and women who farm as a way of life. It is important to note that the journey of a farmer requires hard work, determination, dedication, and a sense of innovation. One must always be aware of common mistakes that are […]

26 March, 2024

Business / Economics

26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments

1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […]

26 March, 2024