insert_link Business / Economics Strengthening Of Namibia-EU Trade At High-Level Conference in Windhoek A high-level conference focused on enhancing trade relations between Namibia and the European Union through sustainability and regulatory alignment will be held in Windhoek on November 7 and 8 at Droombos. The two-day event will address EU regulations impacting Namibian exports, with key discussions on carbon reduction, corporate sustainability, and environmental protection to enhance market access for Namibian goods in Europe. todayNovember 6, 2024 17
insert_link Business / Economics Employers Federation Talks New National Minimum Wage The Labour, Industrial Relations, and Employment Creation minister, Utoni Nujoma, announced that the national minimum wage will rise to N$18 per hour, effective January 1, 2025. Terrence Makari from the Employers Federation of Namibia provides insights on this important development. todayNovember 6, 2024 16
insert_link Business / Economics 6 November 2024 Morning Biz News: Strengthening Trade Relations: Key Developments from Namibia, South Africa, Kenya, and China This week, the global economic landscape has seen notable developments, with high-level talks aimed at boosting trade relations, promising improvements in economic indicators, and significant policy shifts in key international markets. Below are some of the latest highlights that matter for businesses and investors: 1. Strengthening Namibia-EU Trade Relations In Windhoek this week, a high-level conference will take place with a focus on deepening trade relations between […] todayNovember 6, 2024 7
insert_link Business / Economics NUST and Bank of Namibia Launch AI and Robotics Accelerator for Student Development The Namibia University of Science and Technology has partnered with the Bank of Namibia to launch the Artificial Intelligence and Robotics Accelerator. This cutting-edge facility focuses on equipping students with vital skills needed in a technology-driven world, ensuring they are prepared for future challenges in artificial intelligence and robotics. NUST's Dr. Colin Stanley emphasized the initiative's role in advancing technological education in the country. todayNovember 6, 2024 19
insert_link Business / Economics Letshego Namibia Welcomes Mbo Mena Luvindao as New Chief Commercial Letshego Namibia announced the appointment of Mbo Mena Luvindao as its Chief Commercial Officer, effective November 1. With 18 years of experience in financial services, including his recent role at NamPost Savings Bank, Luvindao is set to drive growth, profitability, and customer engagement. Dr. Ester Kali, CEO of Letshego, highlighted Luvindao's transformational leadership and innovative initiatives as crucial for delivering inclusive financial solutions. todayNovember 5, 2024 8
insert_link Business / Economics 5 November 2024 Morning Biz News Update: Key Financial Developments In the past year, Namibia has witnessed a significant increase in credit extension, with a total of N$3.37 billion issued—almost double the amount from the previous year. According to The Brief, individuals accounted for N$1.90 billion of this credit, while corporations took up N$1.47 billion. Private sector credit has shown positive growth, rising by 0.6% month-over-month and reaching an annual growth rate of 3.0% by September 2024. Meanwhile, the South […] todayNovember 5, 2024 7
insert_link Business / Economics US jobs growth slower than expected last month US job growth was slower than expected in October, as hurricanes and striking workers held down employment. The US job market is in the spotlight with just days to go until election day - where the economy has been at the centre of candidates' campaigns. Sally Patterson reports. todayNovember 4, 2024 12
insert_link Business / Economics 4 November 2024 Morning Biz News: Namibia’s Economic Growth and Opportunities: A Business Overview The Namibian economy is witnessing significant developments across various sectors, with ambitious plans and partnerships paving the way for growth. The Namibia Berries Project is leading the charge with a strategic expansion plan that aims to increase its cultivated area by 75 hectares annually. Founder Michael Rodenburg has set a target of reaching 240 hectares by 2026, with a long-term vision of 500 hectares. The project's scalability will […] todayNovember 4, 2024 15
insert_link Business / Economics Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts The Development Bank of Namibia has announced an investment of over N$21 billion towards the country's development, resulting in the creation of more than 76,000 jobs since its establishment 20 years ago. For the FY2023/2024, according to reports by The Brief, the bank reported a net operating profit of N$62 million, a significant recovery from the N$270 million loss in 2022. Although the bank aimed for a N$100 million profit, […] todayNovember 1, 2024 9