insert_link Business / Economics Bank of Namibia Issues Warning on Fraudulent Investment Schemes The Bank of Namibia has raised alarms about an increase in fraudulent investment schemes that falsely promise financial support for the nation’s development initiatives. These scams primarily target high-ranking government officials and traditional leaders, exploiting their reputations to gain credibility. The Bank has also observed that religious and traditional leaders are being approached to promote these deceptive schemes within their communities, further misleading the public. The regulator's Josefina Oskar: todayOctober 23, 2024 26
insert_link Business / Economics Hyphen Hydrogen Energy to Launch Green Ammonia Production in Lüderitz by 2026 Hyphen Hydrogen Energy is set to manufacture green ammonia at a deepwater port in Angra Point Lüderitz for export by 2026. As per One Africa TV, the company's CEO, Marco Raffinetti, says Namibia is expected to produce two million tons of green ammonia annually between 2028 and 2030. Raffinetti outlined Hyphen's production plans and phases during a media site visit to Tsau //Khaeb National Park in the //Kharas region. todayOctober 22, 2024 19
insert_link Business / Economics Josef Kefas Sheehama Asserts That Green Bonds Are Essential for Namibia’s Sustainable Future Business and Economics researcher, Josef Kefas Sheehama, recently highlighted the importance of Green Bonds as a crucial financial tool for promoting sustainability in Namibia. Sheehama echoed the sentiments of the Minister of Environment, Forestry, and Tourism, who emphasized the need for private sector engagement in combating climate change. todayOctober 22, 2024 23
insert_link Business / Economics INTERVIEW: Business and Economics Researcher Josef Kefas Sheehama on Green Bonds In a recent discussion, Business and Economics researcher Josef Kefas Sheehama highlighted the importance of Green Bonds as a crucial financial tool for promoting sustainability in Namibia. Sheehama echoed the sentiments of the Minister of Environment, Forestry, and Tourism, who emphasized the need for private sector engagement in combating climate change. Since 2005, many banks in Namibia have begun issuing Green Bonds to raise funds for sustainable initiatives. According to […] todayOctober 22, 2024 14
insert_link Business / Economics Freedom Front Plus Warns ANC’s Embassy Move Could Impact Trade with Taiwan The Freedom Front Plus in S.A warns that the ANC’s decision to move Taiwan’s embassy from Pretoria to Johannesburg could hurt South Africa’s 16-billion-rand trade relationship with Taiwan. They say this move, influenced by China, risks damaging trade and causing job losses. FF Plus leader Pieter Groenewald argues it undermines South Africa’s independence and was done without consulting other partners in the government of national unity: todayOctober 22, 2024 14
insert_link Business / Economics Telecom Works to Restore VSAT Services After Satellite Outage Telecom has announced its efforts to restore full functionality to its VSAT fixed and mobile services following a satellite outage on October 19. The company is committed to quickly resuming services and has assured customers that regular updates will be provided during the restoration process. From Telecom: Nomvula Kambinda. todayOctober 22, 2024 29
insert_link Business / Economics 22 October 2024 Morning Biz News: Economic Developments and Financial Indicators 1. Rössing Uranium's Investment Boosts Local Employment in Swakopmund Rössing Uranium has made a significant investment of N$20 million in the construction of a new police station in Swakopmund, generating over 100 jobs for local residents since the project began in July. According to The Brief, the development is currently 46% complete and is expected to be finalized by January 2025. This initiative not only aims to enhance community […] todayOctober 22, 2024 19
insert_link Business / Economics NamRa Commissioner sets record straight on tax refunds Businesses have raised concerns about the tax relief that was gazetted in October. This follows the Ministry of Finance and Public Enterprises' announcement that employers will need to reimburse employees once the new statutory tax rates are officially published. Namibia Revenue Agency's commissioner, Sam Shivute explains. todayOctober 21, 2024 31
insert_link Business / Economics 21 October 2024 Morning Biz News: October Highlights and Financial Indicators In October, Pupkewitz Megabuild reported a significant year-on-year decline in its basket value, setting it apart among the four major hardware stores in Windhoek, as noted in The Brief survey. The store experienced a 15.25% decrease in basket value compared to October 2023, although there was a slight month-on-month increase of 0.15%. In global economic news, Russian President Vladimir Putin announced that the BRICS group is expected to lead […] todayOctober 21, 2024 17