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

Business / Economics

1309 Results / Page 36 of 146

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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 17

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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 30

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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 23

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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 29

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Business / Economics

Letshego Namibia Reports Strong First-Half Financial Performance with 16% Profit Increase

Letshego Holdings Namibia, encompassing Letshego Bank and Letshego Micro Financial Services, has announced impressive financial results for the first half of 2024. The company achieved a 16% increase in profit after tax, reaching N$199 million, and a 14% rise in total revenue, largely due to a 21% growth in interest income. Notable achievements include a successful social listing on the Namibian Stock Exchange and a significant rise in customer deposits. […]

todayAugust 29, 2024 27

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Business / Economics

Green Hydrogen Commissioner gives a progress update

Namibia's green hydrogen plans have attracted interest from several countries, including European nations. At a press conference in Windhoek on Wednesday, Green Hydrogen Commissioner James Mnyupe gave an update on the progress of these projects.     Mnyupe said that Namibia is currently developing about eight green hydrogen projects that are at various stages. Among these, the Daures project is nearing completion, with expectations to finalise by the end of […]

todayAugust 28, 2024 45

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Business / Economics

28 August 2024 Morning Biz News: Namibia’s PPI Declines, Rand Holds Steady, and Oil Prices Dip

Namibia's Producer Price Index Declines The Producer Price Index (PPI) for Mining and Quarrying in Namibia experienced a notable decrease, falling to 142.9 basis points in the second quarter of 2024 from 149.1 in the same period last year, according to the Namibia Statistics Agency (NSA). This 6.2-point drop resulted in a deflation rate of 4.2%, a significant shift from the 12.9% inflation rate recorded in the second quarter of […]

todayAugust 28, 2024 26

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