insert_link Business / Economics 20 August 2024 Morning Biz News: Namibia’s Trade Imbalance with Brazil, MTN Group’s Losses, NNPC’s Profit Surge, and Currency Market Updates Namibia’s Trade Imbalance with Brazil Namibia imported goods worth N$789 million from Brazil in 2023, predominantly poultry meat and raw sugar, according to recent data from the Namibia Chamber of Commerce and Industry (NCCI). In contrast, Namibia’s exports to Brazil amounted to only N$13 million, indicating a substantial trade imbalance. NCCI Vice President Patty Karuaihe-Martin emphasized the stark disparity in trade figures, which highlights the need for more balanced trade […] todayAugust 20, 2024 21
insert_link Business / Economics Namibia Oil & Gas Conference Kicks Off Today in Windhoek The 2nd edition of the Namibia Oil & Gas Conference begins today in Windhoek and runs until August 22. The event gathers industry leaders, policymakers, and energy experts from around the world to discuss the future of energy, technological advancements, and sustainable practices within the oil and gas industry. Lüderitz Mayor, Phillipus Balhao is a speaker at the conference. todayAugust 20, 2024 51
insert_link Business / Economics Oil and Gas Conference Starts Today The second Namibia Oil and Gas Conference opens today in Windhoek, continuing until August 22. Organized by the Economic Association of Namibia with backing from several partners, including the National Petroleum Corporation of Namibia and the Ministry of Mines and Energy, the event will discuss the oil and gas sector's potential, opportunities, and risks. Chairperson of the Economic Association of Namibia, Jason Kasuto. todayAugust 20, 2024 21
insert_link Africa Ethiopia’s bold economic reforms target stability and growth, but they come with risks By Tsegay Tekleselassie, Wellesley College Ethiopia’s recent macroeconomic reforms, supported by the International Monetary Fund (IMF) and the World Bank, could have profound implications for the country and the region. The key reforms include the use of a floating exchange rate system and of interest rates as a policy tool. They were introduced just ahead of the approval of a financial package that could eventually amount to about […] todayAugust 19, 2024 19
insert_link Africa Africa on the UN security council: why the continent should have two permanent seats By Sithembile Mbete, University of Pretoria Africa’s desire to be fully represented in all decision-making organs of the United Nations (UN), particularly in the security council, is informed by three factors. First, repairing the historical injustice of its underrepresentation in global governance. Second, recognising African contributions in shaping the contemporary world order. Third, the urgency of securing the legitimacy of the UN in the face of emerging threats […] todayAugust 19, 2024 16
insert_link Business / Economics Namibia-Brazil Business Forum Aims to Boost Trade and Investment Opportunities Windhoek will host a business forum on August 19, organized by the Ministry of Industrialization and Trade, the Brazilian Embassy, the Namibia Chamber of Commerce and Industry, and the Namibia Investment Promotion and Development Board.The forum aims to explore investment opportunities and enhance trade relations between Namibia and Brazil. Here's Elijah Mukobonda from the Trade ministry: todayAugust 19, 2024 56
insert_link Business / Economics 19 August 2024 Morning Biz News: Pupkewitz Megabuild Reports Major Price Drop; Rand Surges as South African Stocks Hit Record Highs; Epic Games Launches New App Store Pupkewitz Megabuild Sees Major Price Drop Pupkewitz Megabuild in Windhoek has reported a significant 23.45% decrease in its basket of goods for August. This drop is the largest year-on-year decline among the four hardware stores surveyed by The Brief. Key price reductions include paint, which saw a dramatic fall from N$2,576.00 to N$928.99. Additionally, Door Frame Steel and Roofing Galvanized IBR prices have also decreased, reflecting a broader trend of […] todayAugust 19, 2024 14
insert_link Business / Economics 16 August 2024 Morning Biz News: Business Financial Solutions Invests Over N$1.9 Billion in Namibian SMEs, Standard Bank Expands in Angola and Nigeria, and Dollar Strengthens Amid Positive U.S. Economic Data Business Financial Solutions Drives SME Growth with Over N$1.9 Billion Investment Windhoek, Namibia – Business Financial Solutions has made a significant impact on Namibia's small and medium-sized enterprises (SMEs) through its Namibia Procurement Fund, investing over N$1.9 billion over the past 13 years. According to a report by The Brief, this substantial investment has facilitated the creation of more than 6,200 jobs, the training of over 1,000 SMEs, and the […] todayAugust 16, 2024 15
insert_link Business / Economics Windhoek prepares to host Namibia Oil & Gas Conference As Namibia prepares up for the upcoming Namibia Oil & Gas Conference in Windhoek next week, Shakwa Nyambe, Founder and Managing Partner of SNC Incorporated, has shared his views on the evolving trends within the oil and gas sector. Nyambe mentioned the changes occurring in the financing of oil and gas projects. In addition to financing, Nyambe pointed out the importance of infrastructure development in the oil and […] todayAugust 15, 2024 53