Business / Economics Archives - Page 17 of 184

South African government advances support for auto industry

Mercedes-Benz factory in East London, South Africa (Photo: agoa.info/data) South Africa's Trade, Industry and Competition Minister Parks Tau says the government is advancing measures to support the automotive industry as it faces potential headwinds from US tariff policies. Speaking at the National Association of Automotive Component and Allied Manufacturers Show in Gqeberha, Eastern Cape, Tau confirmed that amendments to the Automotive Production Development Programme Phase 2 (APDP2) for electric vehicles […]

14 August, 2025

Business / Economics

Agogo FPSO achieves first oil ahead of schedule, commences 15-year charter

Agogo FPSO successfully moored and hooked up at the West Hub, Block 15/06, Offshore Angola (Photo: Yinson Production) Yinson Production has announced that the Agogo Floating Production Storage and Offloading (FPSO) unit achieved first oil on 29 July 2025, four months ahead of schedule and 29 months after the contract was awarded. The development follows the issuance of the Provisional Operational Readiness Certificate (PORC) on 12 August 2025, marking the […]

14 August, 2025

Business / Economics

Namibia Oil and Gas conference highlights investment, local benefits

Namibia Oil and Gas Conference 2025 (Photo: Future Media news) The third Namibia Oil and Gas Conference opened in Windhoek today, with Deputy Prime Minister Natangue Ithete describing recent offshore oil and gas discoveries as a “generational opportunity.” He said that there is a need for unity, strong governance, and environmental responsibility to ensure Namibians benefit fully from the sector’s growth. Ithete noted that oil and gas production has the […]

14 August, 2025

Business / Economics

Oil & Gas industry gathers momentum at 3rd NOGC conference

Robin Sherbourne (Photo: Economic Association of Namibia via LinkedIn) The third Namibia Oil & Gas Conference (NOGC) kicked off yesterday in Windhoek, attracting industry leaders, policymakers, and stakeholders from Namibia and beyond. The event places a strong emphasis on aligning the burgeoning oil and gas sector with national development priorities, particularly as the industry shifts from exploration to production. Economist Robin Sherbourne addressed attendees, highlighting the potential economic dividends and […]

13 August, 2025

Business / Economics

South Africa steps up efforts to diversify export markets

Cape Town container port (Photo Bloomberg) South Africa’s Minister of Trade, Industry and Competition, Parks Tau, says the need to diversify the country’s export markets has never been more urgent. This comes after the United States imposed a 30-percent unilateral tariff, a move that could significantly impact South Africa’s economy. Tau said the government has initiated a multi-pronged response to soften the blow of the tariff and is speeding up […]

13 August, 2025

Business / Economics

Namibia hosts 3rd Oil & Gas Conference

Namibia Oil & Gas Conference (Photo: EAN on LinkedIn) Industry leaders, policymakers, and innovators have convened in Windhoek for the 3rd Edition of the Namibia Oil & Gas Conference (NOGC), running from August 12 to 15, 2025. The event kicks off with an inspiring keynote and welcome remarks from Engr. Felix Omatsola Ogbe, Executive Secretary of Nigeria’s NCDMB, emphasized Namibia’s Local Content Framework under the theme “Creating Shared Value Through […]

12 August, 2025

Business / Economics

Winners of Best of Namibia 2025 awards announced

Zellmari Brandt (Photo: Future Media) The winners of the Best of Namibia 2025 awards were announced today in a live ceremony celebrating the country’s leading businesses and service providers. Supported by key sponsors including Fly Namibia, Venture Media, and Future Media, the awards recognise excellence and innovation across various industries, highlighting those who have made significant contributions to Namibia’s economy and community. Head of Marketing at Future Media, Zellmari Brandt, […]

12 August, 2025

Africa

African Development Bank commits $500 million to Ethiopia’s airport project

Ethiopian Airlines Boeing 737-800 parked at Bole International Airport in Addis Ababa, Ethiopia, 11 February 2019 (Photo: Associated Press) The African Development Bank (AfDB) has pledged $500 million to support the financing of Ethiopia’s new airport, which is slated to become the largest airport in Africa upon its completion in 2029. The $10 billion project is a major infrastructure milestone aimed at boosting regional connectivity and positioning Ethiopia as a […]

12 August, 2025

Business / Economics

South Africa to submit revised tariff offer to U.S.

South Africa’s Minister of Trade, Industry and Competition, Parks Tau (Photo: engineeringnews.co.za) South Africa’s Minister of Trade, Industry and Competition, Parks Tau, announced that the cabinet has approved the submission of a revised tariff offer to the United States as the foundation for ongoing negotiations. This move comes in response to the recent 30-percent tariff imposed by the US on certain South African imports, which has sparked concerns among exporters […]

12 August, 2025