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

Business / Economics

1303 Results / Page 29 of 145

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Business / Economics

25 September Morning Biz News: Global Markets Surge Amid China’s Stimulus, While Namibia’s Economic Growth Slows to 3.5% in Q2

  Namibia's Economic Growth: The economy expanded by 3.5% year-on-year in Q2 2024, a slowdown from the 4.3% recorded in Q1 and slightly lower than the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since the Q1 2021 contraction. For Q2, nominal GDP reached N$59.5 billion, with real GDP standing at N$39.1 billion. Safaricom Raises $116.73 Million: Kenya's largest telecom operator, Safaricom, raised $116.73 million through […]

todaySeptember 25, 2024 16

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Business / Economics

President Cyril Ramaphosa of S.A has set a new investment target of two-trillion-rand by 2028

President Cyril Ramaphosa of S.A has set a new investment target of two-trillion-rand by 2028, following the early achievement of South Africa’s previous 1.2-trillion-rand goal. The president, leading South Africa’s delegation to the 79th UN General Assembly, also rang the New York Stock Exchange closing bell, accompanied by NYSE president Lynn Martin and other officials. Speaking at the SA-US business forum, Ramaphosa invited US investors to explore opportunities in sectors […]

todaySeptember 25, 2024 35

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Business / Economics

Agronomic Board Chair Calls for Review of SACU Agreement to Enhance Trade Balance

Hubertus Hamm, Chairperson of the Agronomic Board, has emphasized the need to review the Southern African Customs Union agreement to tackle ongoing trade challenges reports The Brief. He stated that Namibia, as a SACU member, seeks balanced trade and equitable development among member states. Hamm highlighted the importance of reforms to prevent any single member state from disproportionately benefiting, which could destabilize the region’s economic equilibrium.

todaySeptember 25, 2024 21 3

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Business / Economics

Public interest grows following recent offshore oil discoveries

The Namibia Petroleum Operators Association hosted a press seminar to help the public better understand the country’s oil and gas industry. Recent offshore discoveries have increased public interest, making it important to provide clear and accurate information. NAMPOA Chairperson and BW Kudu Country Chairperson, Dr. Klaus Endresen, spoke about the economic challenges that the sector is facing.  

todaySeptember 24, 2024 59

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Business / Economics

Namibia’s GDP hits N$59.5 billion in Q2

The Namibian economy grew by 3.5% year-on-year in Q2 2024, down from 4.3% in Q1 and slightly below the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since a contraction in Q1 2021. Nominal GDP reached N$59.5 billion, with real GDP at N$39.1 billion for the quarter. Simonis Storm Economist, Halleluya Ndimulunde has more.  

todaySeptember 24, 2024 41

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Africa

Eswatini flags hundreds of illegal ship registrations

Hundreds of ships have been sailing under the flag of Eswatini without the country's authorization, according to a letter from its government. According to Bloomberg News, Eswatini informed the International Maritime Organization that a number of vessels are using its flag, despite the country not granting permission to any company or agency to register ships under its flag for international waters. The decision comes after the United Arab Emirates recently […]

todaySeptember 24, 2024 44

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Business / Economics

24 September 2024 Morning Biz News: Bank Windhoek’s Sustainability Bond Success and Global Financial Updates

  Bank Windhoek’s Sustainability Bond Fully Allocated Bank Windhoek has fully allocated the N$407 million raised from its inaugural Sustainability Bond, issued in 2021. According to reports by The Brief, the bond was released in two tranches, with the first tranche raising N$227 million in June 2021, followed by a second tranche in December of the same year, raising N$180 million. This bond forms part of Bank Windhoek's efforts to […]

todaySeptember 24, 2024 21

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Business / Economics

SWAPO Plans to Revive Air Namibia with New Strategy

At the launch of SWAPO's election manifesto, Vice President and presidential candidate Netumbo Nandi-Ndaitwah outlined the party’s intention to revive Air Namibia reports the Namib Pulse. The airline, which shut down in 2021, had significant liabilities exceeding its assets and relied on government bailouts for over 20 years. The revival plan aims to avoid previous financial pitfalls with a more strategic approach.

todaySeptember 24, 2024 24

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