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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

1232 Results / Page 27 of 137

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Business / Economics

30 August 2024 Morning Biz News: Letshego Namibia Upgraded, South Africa Inflation Falls, Global Shares Rise, and Major Entertainment Merger Approved

GCR Ratings Upgrades Letshego Namibia's Long-Term Issuer Ratings GCR Ratings has upgraded Letshego Namibia’s long-term issuer ratings to A+(NA), citing the successful listing of a N$322 million social bond on the Namibian Stock Exchange. According to The Brief, the bond proceeds will bolster financial inclusion in crucial sectors such as housing, healthcare, and education. The outlook for Letshego Namibia is now Stable. South Africa's Producer Inflation Declines South Africa's producer […]

todayAugust 30, 2024 23

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Business / Economics

Namibia Sees 22.6% Surge in New Insurance Policies in Q1 2024 Despite Year-on-Year Decline

Namibia recorded a 22.6% increase in new insurance policies in Q1 2024, reaching 102,597 policies, according to NAMFISA. However, this marks a 45.3% year-on-year decline. The total number of active policies grew by 3.2% quarter-on-quarter to nearly 1.94 million, driven by reduced policy terminations and lapses. The demand for credit risk policies contributed to the quarterly rise, while a decrease in individual investments led to the annual decline. Policy lapses […]

todayAugust 30, 2024 12

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Business / Economics

Letshego reports 14% revenue growth in 2024

For the first half of 2024, Letshego Holding Namibia recorded a strong growth of 14% year-on-year increase in total revenue, driven by a 21% rise in interest income. Net interest income grew by 15% to N$251 million, strengthened by a 3% increase in net advances to customers and strategic repricing of low-interest loans. CEO of Letshego Holdings Namibia, Dr Ester Kali says the bank has maintained a stable cost-to-income ratio […]

todayAugust 29, 2024 33

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Business / Economics

22-29 August 2024 Weekly Economics Wrap: Global Economic Snapshot: Namibia’s Oil Boom, South Africa’s Market Movements, and International Financial Trends

Namibia’s Economic Growth Fueled by Oil and Gas Sector Namibia is set for a robust economic outlook with a forecasted GDP growth of 5.8% annually, largely driven by the burgeoning oil and gas sector. Deloitte’s recent Oil and Gas Industrial Baseline Survey reveals that this sector will contribute an average of N$11.5 billion to the GDP each year during the production phase. The discovery of significant crude oil reserves has […]

todayAugust 29, 2024 16

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Business / Economics

Namibians Need N$36,000 Monthly to Qualify for N$1-Million Home Loan, Reveals Affordability Crisis

Salomo Hei, Economist and Managing Director at High Economic Intelligence, has highlighted that Namibians need a monthly income of N$36,000 to secure a N$1-million home loan, exposing the worsening affordability crisis in the country reports The Brief. Hei attributes the steep cost of housing to the sharply rising price of land. He also noted that high interest rates and restricted access to financing have made homeownership increasingly unattainable for many. […]

todayAugust 29, 2024 26

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Business / Economics

Air Cargo Demand Surges in July, Marking Strong Year for the Industry

The International Air Transport Association's July analysis shows a 13.6% increase in air cargo demand compared to July last year, marking the eighth consecutive month of double-digit growth. The air cargo sector is benefiting from global trade expansion, booming e-commerce, and maritime shipping constraints, setting the stage for a robust year. IATA's Public and Media Relations Advisor, Linden Birns.  

todayAugust 29, 2024 24

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Business / Economics

29 August 2024 Morning Biz News: Namibian Oil Reserves Boost Local Bonds; MTN’s New Appointments; Dollar Steady; Nvidia Surges

  Namibian Oil Reserves Drive Local Bond Index Surge The discovery of substantial crude oil reserves in Namibia has ignited interest in Namibian assets, notably boosting an index fund tracking local government bonds. The Exchange Traded Fund, listed on both the Namibian and South African stock exchanges, has surged over 20% in U.S. dollar terms since Galp's announcement in April of the Mopane field potentially holding at least 10 billion […]

todayAugust 29, 2024 21

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Business / Economics

Namibia to Host Inaugural Global African Hydrogen Summit in September

From 3rd to 5th September, Namibia will host the Global African Hydrogen Summit, the first platform dedicated to unlocking green energy opportunities for African governments. The three-day event will focus on attracting critical investments and financing into bankable green energy projects, promoting Namibia's green hydrogen sector, and positioning Africa as a global green energy hub. Green Hydrogen Commissioner James Mnyupes on expectations:  

todayAugust 29, 2024 26

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