Business / Economics Archives - Page 170 of 184

07 February 2024 Morning Biz News: Current Economic Landscape: Key Updates

07 February 2024 Economics Update- Namibian President's Cautious Optimism Amid Challenges: President Nangolo Mbumba, in the opening of the 9th session of the 7th Parliament, shares cautious optimism about Namibia's economic trajectory. While highlighting achievements in socio-economic development, he acknowledges significant challenges. President Mbumba urges Members of Parliament to focus on enacting laws that will support and bolster economic growth. De Beers and Okavango Diamond Company Appeal on Russian […]

7 February, 2024

Business / Economics

FNB Namibia warns against cyber fraud

As online shopping continues to grow, FNB Namibia is advising customers to be wary of cyber criminals when purchasing goods or online services. Here is FNB Namibia Risk Manager, Vernon Husselmann with more.

6 February, 2024

Africa

Africa’s billionaire club hits $82.4 billion

Aliko Dangote from Nigeria is Africa's richest person for the 13th year in a row, says Forbes magazine. Even though Nigeria's economy is struggling, Dangote's wealth went up by $400 million last year to $13.9 billion. The Forbes list has 20 billionaires from Africa, worth a total of $82.4 billion. According to the BBC, South Africa, and Egypt have the most billionaires on the list. Johann Rupert from South Africa […]

6 February, 2024

Africa

World Bank investigates Tanzanian tourism project allegations

The World Bank says is investigating allegations of human rights violations committed by Tanzanian authorities during the implementation of a $150 million tourism resource management project. Daniel Kijo reports.

6 February, 2024

Business / Economics

Namibia’s export earnings declined in December

Namibia's export earnings declined by 1.9% to N$11.5 billion in December 2023 from N$11.8 billion in November 2023, while the import bill dropped by 25% to N$15.8 billion. Despite this, exports remained on an upward trend, reaching N$105.0 billion in 2023, exceeding the N$100 billion mark set in 2022 when it registered N$97.4 billion in exports. Here is the Namibia Statistics Agency spokesperson, Mirjam Shihepo.

6 February, 2024

Africa

‘Made in Africa’ gets a boost as cross-border trade gathers pace

By Conrad Onyango, via bird story agency African leaders are beginning a push for increased consumer consciousness of ‘Made in Africa’ products as cross-border trade opens new opportunities for economic growth. Inaugurating South Africa’s first trade shipments under the African Continental Free Trade Area (AfCFTA), President Cyril Ramaphosa urged over 12 African trade ministers attending the 13th AfCFTA Council of Ministers meeting in Durban, to bolden their push […]

6 February, 2024

Business / Economics

Budget 2024-25 expectations: empowering youth, essential services, agriculture and tax reform

By Josef Kefas Sheehama The Minister of Finance Hon. Iipumbu Shiimi is set to table the 2024-25 budget in February 2024. The upcoming budget is seen not just as an annual financial statement but a critical opportunity for the government to lay out a roadmap for sustained growth and equality. The Budget 2024-25 should focus on protecting and driving the recovery of lives and livelihoods of Namibians, […]

6 February, 2024

Business / Economics

President Dr. Nangolo Mbumba to Inaugurate Ninth Session of the Seventh Parliament in 2024

This afternoon, President Dr. Nangolo Mbumba will officially open the ninth session of the Seventh Parliament. The session is set to address a range of significant Bills, prompting us to seek the perspective of Graham Hopwood, Director of the Institute for Public Policy Research, on the upcoming legislative agenda.

6 February, 2024

Business / Economics

Public Input Welcomed: Ministry of Finance Seeks Contributions for 2024/2025 National Budget

The Finance and Public Enterprises ministry is inviting the public to share their valuable input for the upcoming 2024/2025 national budget. Wilson Shikoto, the spokesperson for the Ministry, encourages all members of the public to contribute their insights in shaping this crucial financial plan.

6 February, 2024