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

Business / Economics

1232 Results / Page 33 of 137

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Business / Economics

15 August 2024 Morning Biz News: Welwitschia Sovereign Wealth Fund Doubles in Value; Rand Gains on U.S. Data; Oil Prices Rebound

Welwitschia Sovereign Wealth Fund Sees Remarkable Growth The Welwitschia Sovereign Wealth Fund, launched in 2022, has nearly doubled its value, rising from N$260 million to N$440 million. Central Bank Governor Johannes !Gawaxab noted that the Fund has consistently outperformed its benchmark, the Norwegian Government Pension Fund Global, demonstrating strong performance and growth. South African Rand Strengthens On Wednesday, the South African rand appreciated to 18.05 against the US dollar, marking […]

todayAugust 15, 2024 17

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Africa

Nigeria’s highest court says local governments can spend their funds without interference: why this matters

  By Abiodun Odusote, University of Lagos   Nigeria’s Supreme Court has affirmed the financial autonomy of the country’s 774 local government areas. It upheld the suit brought by the federal government to strengthen the independence of local governments in the country. Nigeria’s attorney-general and minister of justice filed the suit in May. Local governments have been hampered in most states, where the governors seize their federal allocations and only […]

todayAugust 14, 2024 18

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Business / Economics

14 August 2024 Morning Biz News: Namibia Keeps Repo Rate Steady? , South Africa Sees Surge in Project Announcements, Dollar Weakens, and Oil Prices Climb

  Bank of Namibia Expected to Maintain Repo Rate Analysts are predicting that the Bank of Namibia will keep the repo rate steady at 7.75% during its upcoming Monetary Policy Committee meeting on Wednesday. This decision would mark the third consecutive meeting where the rate remains unchanged, following similar outcomes in April and June. The move reflects ongoing stability in the financial sector as the bank continues to navigate economic […]

todayAugust 14, 2024 11

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Business / Economics

EU Launches Workshop to Enhance Namibia’s Financial Transparency and Exit FATF Grey List

The EU Global Facility has launched a scoping mission workshop to define key activities for technical assistance on beneficial ownership in Namibia. This workshop will identify Namibia's needs and challenges, creating a customized work plan to help the country exit the FATF's Grey List. The initiative aims to bolster Namibia's financial systems, transparency, and accountability. EU Ambassador to Namibia, Ana Beatriz Martins.  

todayAugust 13, 2024 26

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Business / Economics

13 August 2024 Morning Biz News: Carbon Sequestration Potential, New Air Routes, Oil Price Movements, and Financial Indicators

  Perivoli Rangeland Institute Highlights Carbon Sequestration Potential The Perivoli Rangeland Institute has emphasized Namibia's significant potential for carbon sequestration projects. However, challenges such as high costs, transparency issues, and concerns over greenwashing hinder progress. Researcher Daisy Nielsen stresses the need for better regulatory frameworks and greater community involvement to unlock these opportunities and enhance Namibia's environmental impact. Air Botswana to Launch New Routes to Windhoek Air Botswana is expanding […]

todayAugust 13, 2024 9

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Business / Economics

India’s market regulator bats for its chief amid quid pro quo allegations

India's market regulator is asking investors to exercise due diligence before reacting to fresh allegations by a US-based short seller. Hindenburg Research has accused the head of India's market regulator of conflicts of interest relating to the Adani Group. They say SEBI's chief, Madhabi Puri Buch and her husband invested in offshore funds also used by the Indian conglomerate. Neha Poonia has more.  

todayAugust 12, 2024 16

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Business / Economics

12 August 2024 Morning Biz News: Namibia Secures €7.5 Million Grant for Electrification as Global Oil Prices Stabilize and Market Volatility Persists

Namibia has received a significant boost in its electrification efforts, securing a €7.5 million grant from Germany’s KfW Development Bank. This funding, in collaboration with local agencies, aims to enhance electricity access in peri-urban and rural areas, specifically targeting the North-East and North-West regions. This initiative reflects Namibia's commitment to improving energy infrastructure and supporting economic development through increased access to reliable power. In Nigeria, the Dangote Oil Refinery, a […]

todayAugust 12, 2024 16

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