insert_link Business / Economics 22 August 2024 Morning Biz News: NAMCOR’s Breakthroughs and Global Economic Shifts: Namibia’s Economic Boom, South Africa’s Inflation Drop, and Market Trends NAMCOR's Investment Boosts Economic Outlook NAMCOR's extensive drilling and investment efforts have paid off, with recent successes in the Orange Basin signaling a bright future for Namibia's economy. Interim Managing Director Ebson Uanguta revealed that after drilling 38 dry wells and investing over N$20 billion over the past three decades, Namibia is on track to potentially double its economy in the next 15 years. This achievement marks a significant […] todayAugust 22, 2024 24
insert_link Business / Economics Revised economic data shows U.S. jobs growth less strong than estimated The US labor department has revised job growth numbers, finding in the year up until March, payrolls were overstated by around 818,000 jobs. That suggests job growth has been less positive than previously thought, although unemployment remains relatively low. As Caroline Malone reports. todayAugust 22, 2024 22
insert_link Business / Economics Bank of Namibia Supports Oil and Gas Sector with Flexible Exchange Controls The Bank of Namibia affirms that the country's Exchange Control Policies and Laws are designed to foster a supportive investment environment for the emerging oil and gas sector. These policies facilitate foreign direct investments by allowing investors to bring in and repatriate funds through commercial banks, ensuring smooth operations in exploration and capital-intensive projects. Sandra Garises, the regulator's principal communication officer. todayAugust 22, 2024 35
insert_link Business / Economics 21st August 2024 Morning Biz News: Telecom Namibia Boosts Network with N$100 Million Investment; Rand Weakens Ahead of Inflation Data Telecom Namibia Invests N$100 Million to Upgrade Network Telecom Namibia is committing between N$90 million and N$100 million to enhance network quality and expand coverage across the country. This substantial investment includes upgrading several mobile sites from 2G to 3G and 4G technology. CEO Stanley Shanapinda highlighted that these upgrades are aimed at significantly improving network performance and accessibility for users nationwide. South African Rand Depreciates Ahead of Inflation Data […] todayAugust 21, 2024 13
insert_link Business / Economics Moneda Invests emphasized the need to empower SMEs At 2nd Oil and Gas Conference The second annual Namibia Oil and Gas Conference is underway at the Mercure Hotel in Windhoek, with Minister of Mines and Energy Thomas Alweendo set to open the event this morning. On the first day, Precious Ehihamen from Moneda Invests emphasized the need to empower SMEs to enter the oil and gas sector, highlighting their interest but lack of market entry knowledge. todayAugust 21, 2024 25
insert_link 3 Business / Economics Christy Kotze Appointed as Country Manager for Business Partners International Namibia Business Partners International Namibia has appointed Christy Kotze as its new Country Manager, effective June 1st report The Brief. Kotze, who has 19 years of experience in Namibia's banking sector, previously worked at Bank Windhoek Ltd. He holds a Bachelor's Degree in Commerce and has completed a Management Development Programme. His focus at BPI Namibia will be on increasing awareness of the company's offerings to SMEs, growing the client base, […] todayAugust 20, 2024 25 3
insert_link Business / Economics INTERVIEW: Exploring Namibia’s Nuclear Energy Potential: Insights from Independent Researcher Josef K. Sheehama In a rapidly evolving energy landscape, Namibia faces unique opportunities and challenges as it contemplates the possibility of nuclear-powered electricity generation. We sat down with Josef K. Sheehama, an independent business and economics researcher, to discuss the prospects of harnessing nuclear energy in Namibia, the strategic considerations, and the potential socio-economic impacts. Sheehama, who has contributed extensively to discussions on economic policy and development, shared his insights on the path […] todayAugust 20, 2024 27
insert_link Business / Economics Namibia’s Nuclear Energy Prospects Can Produce Many Jobs Says Expert Josef K. Sheehama Namibia is exploring the potential of nuclear energy as part of its evolving energy strategy. Independent business and economics researcher Josef K. Sheehama discussed the opportunities and challenges of nuclear power in Namibia, highlighting its potential for energy independence and job creation. Sheehama, known for his contributions to economic policy discussions, shared his views on the strategic and socio-economic implications of adopting nuclear energy. todayAugust 20, 2024 22
insert_link Business / Economics Walvis Bay Corridor Group Warns Diaspora Transport Sector of Mpox Outbreak The Walvis Bay Corridor Group has issued a warning to the transport and logistics sector abroad about the Mpox outbreak. The group highlights that the outbreak is nearing trading partners in the Southern African Development Community, with cases already reported in the Democratic Republic of Congo and South Africa. Maria Paulus: Marketing and Communications Manager at the group. todayAugust 20, 2024 51