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

Business / Economics

1309 Results / Page 42 of 146

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Business / Economics

EU Launches Workshop to Enhance Namibia’s Financial Transparency and Exit FATF Grey List

The EU Global Facility has launched a scoping mission workshop to define key activities for technical assistance on beneficial ownership in Namibia. This workshop will identify Namibia's needs and challenges, creating a customized work plan to help the country exit the FATF's Grey List. The initiative aims to bolster Namibia's financial systems, transparency, and accountability. EU Ambassador to Namibia, Ana Beatriz Martins.  

todayAugust 13, 2024 28

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Business / Economics

13 August 2024 Morning Biz News: Carbon Sequestration Potential, New Air Routes, Oil Price Movements, and Financial Indicators

  Perivoli Rangeland Institute Highlights Carbon Sequestration Potential The Perivoli Rangeland Institute has emphasized Namibia's significant potential for carbon sequestration projects. However, challenges such as high costs, transparency issues, and concerns over greenwashing hinder progress. Researcher Daisy Nielsen stresses the need for better regulatory frameworks and greater community involvement to unlock these opportunities and enhance Namibia's environmental impact. Air Botswana to Launch New Routes to Windhoek Air Botswana is expanding […]

todayAugust 13, 2024 11

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Business / Economics

India’s market regulator bats for its chief amid quid pro quo allegations

India's market regulator is asking investors to exercise due diligence before reacting to fresh allegations by a US-based short seller. Hindenburg Research has accused the head of India's market regulator of conflicts of interest relating to the Adani Group. They say SEBI's chief, Madhabi Puri Buch and her husband invested in offshore funds also used by the Indian conglomerate. Neha Poonia has more.  

todayAugust 12, 2024 21

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Business / Economics

12 August 2024 Morning Biz News: Namibia Secures €7.5 Million Grant for Electrification as Global Oil Prices Stabilize and Market Volatility Persists

Namibia has received a significant boost in its electrification efforts, securing a €7.5 million grant from Germany’s KfW Development Bank. This funding, in collaboration with local agencies, aims to enhance electricity access in peri-urban and rural areas, specifically targeting the North-East and North-West regions. This initiative reflects Namibia's commitment to improving energy infrastructure and supporting economic development through increased access to reliable power. In Nigeria, the Dangote Oil Refinery, a […]

todayAugust 12, 2024 18

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Business / Economics

Bank of Namibia Forecasts Economic Growth of 3.1% for this year

The Bank of Namibia’s August 2024 Economic Outlook predicts a 3.1% growth for Namibia’s economy ifor this year, with a slight increase to 3.9% in 2025. Global growth is expected to be 3.2%, rising marginally to 3.3% in next year. While the 2024 forecast remains unchanged, the 2025 projection has been adjusted upward by 0.1 percentage points due to revised growth estimates for China. Josefina Oskar, the Bank’s Communications Practitioner, […]

todayAugust 9, 2024 52

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Business / Economics

9 August 2024 Morning Biz News: Namibia Urged on Borrowing Strategies, South Africa Implements VAT on Imports, Dollar Gains on Jobless Data, Yuan Strengthens Amid Market Volatility

In recent financial developments, the African Development Bank (AfDB) has advised Namibia to implement conservative borrowing strategies and harness the potential of the Namibian Stock Exchange (NSX) and the Government Institutions Pension Fund (GIPF) to bolster developmental capital. This recommendation aims to tackle the country's increasing public debt and enhance financial stability, according to The Brief. In South Africa, a new policy is set to impact the clothing industry significantly. […]

todayAugust 9, 2024 21

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Business / Economics

Surge in Exploration License Applications Raises Concerns

Minister of Mines and Energy, Tom Alweendo reported a significant increase in exploration license applications, with over 600 by December 2023 and an additional 400 since January 2024. Speaking at the 2024 Mining Expo and Conference, he acknowledged delays in processing due to the high volume and highlighted issues with some applicants lacking the necessary capabilities. To address this, the ministry will now award licenses only to those meeting stringent […]

todayAugust 8, 2024 21

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