play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up
Go to album
  • play_arrow

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

Business / Economics

1232 Results / Page 40 of 137

Background
insert_link

Business / Economics

Egypt raises fuel prices as part of IMF-backed reforms

      Egypt announced Thursday a 15-percent increase in petrol prices, part of a reform package requested by the International Monetary Fund to proceed with a $5 billion loan to the cash-strapped government. The Egyptian petroleum ministry said the price hike would come into effect on Friday. The announcement comes ahead of an IMF meeting on Monday to review the April payout package, unlocking $820 million in funds after […]

todayJuly 25, 2024 10

insert_link

Business / Economics

Weekly Economics Wrap: 18-July 25, 2024

  Namibia Pension-Backed Housing Loans: The Government Institutions Pension Fund (GIPF) is advancing plans for a pension-backed housing loan scheme. The initiative will leverage its subsidiary Kuleni Financial Services and housing loan fund manager First Capital Treasury Solutions. A Memorandum of Agreement is under review by the Office of the Prime Minister, as reported by The Brief. Coastal Desalination Project: NamWater and Husab Mine are set to achieve financial closure […]

todayJuly 25, 2024 20

insert_link

Business / Economics

25 July 2024 Morning Biz News: NamWater and Husab Mine’s N$3 Billion Desalination Project Nears Financial Closure; Shein Expands with Johannesburg Pop-Up; Eni Sells Nigerian Oil Unit to Oando; Currency and Commodity Markets Update

NamWater and Husab Mine Set for Major Coastal Desalination Project NamWater and Husab Mine are poised to achieve financial closure for their ambitious N$3 billion coastal desalination project by year-end, according to The Brief. NamWater CEO Abraham Nehemia confirmed that Husab Mine will cover the construction costs, sparing NamWater the task of independently securing the full N$2.5 to N$3 billion required for the project. Shein Expands with New Pop-Up Store […]

todayJuly 25, 2024 41

insert_link

Business / Economics

Climate activists target airports

Climate protestors are promising further disruption to air travel after targeting one of Germany's busiest airports on Wednesday. Trent Murray has the details.     Last Generation has called for the German government to engage in a global agreement aimed at ending the use of fossil fuels, such as oil, gas, and coal, by 2030. The group has announced plans for similar "peaceful, civil protests" at airports across Europe and […]

todayJuly 24, 2024 32

insert_link

Business / Economics

O&L Group to prioritise local market and employee welfare

Following the Olthaver & List Group's announcement to terminate its franchise agreement with Pick n Pay South Africa by the end of June next year, O&L Executive Chairperson Sven Thieme said that the needs of employees will be a top priority during the transition period. Thieme said the company is shifting towards becoming a more customer-centric and Namibian market-oriented business.  

todayJuly 24, 2024 76

insert_link

Business / Economics

World Bank approves $138.5 million energy loan for NamPower

Namibia has embarked on its first World Bank-financed energy project, a $138.5 million initiative to strengthen the reliability of its transmission network and integrate more renewable energy into the electricity system. The project will be implemented by NamPower, the national electricity utility, and represents a big step toward a greener and more sustainable future. "Namibia is uniquely positioned as a regional leader in the transition towards a greener future. The […]

todayJuly 24, 2024 26

insert_link

Business / Economics

24 July 2024 Morning Biz News: Financial Brief: Key Updates on Pension Schemes, Currency Movements, and Commodities

GIPF’s Pension-Backed Housing Loan Scheme Gathers Momentum The Government Institutions Pension Fund (GIPF) is poised to enhance its financial offerings with an innovative pension-backed housing loan scheme. This initiative will be facilitated through GIPF’s subsidiary, Kuleni Financial Services, and housing loan fund manager, First Capital Treasury Solutions. The Memorandum of Agreement (MoA) for the scheme is currently under review by the Office of the Prime Minister, as reported by The […]

todayJuly 24, 2024 24

insert_link

Business / Economics

23 July 2024 Morning Biz News: Galp’s N$2.1 Billion Investment in Namibia Highlights Busy Financial Week; Rand Steady, Oil Prices Drop, and SAP Surpasses Revenue Expectations

Galp Energia's Major Investment in Namibia Galp Energia has invested approximately N$2.1 billion in upstream projects in Namibia during the first half of 2024, according to The Brief. The total investment by the group amounted to €564 million, with €389 million allocated specifically to upstream activities. In the second quarter of 2024, capital expenditure reached €241 million, with Namibia accounting for about one-third of the upstream investments, reflecting Galp's 80% […]

todayJuly 23, 2024 14

0%