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

Business / Economics

1309 Results / Page 43 of 146

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Business / Economics

Alweendo Calls for Collaboration and Innovation at 11th Mining Expo & Conference

At the 11th Mining Expo & Conference in Windhoek, Minister of Mines and Energy Tom Alweendo urged for collaborative efforts to address challenges and leverage opportunities in Namibia's mining sector. He highlighted the government's commitment to a sustainable industry and noted that, out of 162 mining licenses, only 68 are currently active. Alweendo emphasized the growing global interest in critical minerals and called for international partnerships to strengthen Namibia's role […]

todayAugust 8, 2024 20

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Business / Economics

1-8 August Weekly Economic Wrap: Mining Growth in Namibia, South African Refinery Deal, and Global Currency Fluctuations

Namibian Highlights: Mining Sector Growth: Research by Simonis Storm reveals an 18.2% increase in the real value added by Namibia's mining and quarrying sector for Q1 2024. This growth has elevated its contribution to Namibia's GDP from 0.6% in 2015 to 1.4% today, attributed to continued investments in oil and gas activities. Nedbank's Avo SuperShop Expansion: Since its launch in late 2023, Nedbank's Avo SuperShop has attracted over 1,800 users […]

todayAugust 8, 2024 41

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Business / Economics

8 August 2024 Morning Biz News: Namibia Sees Surge in Exploration Licenses, JSE Shows Signs of Revival, MTN Faces Financial Hurdles, and Oil Prices Rebound

Surge in Exploration Activity in Namibia The Ministry of Mines and Energy has reported a remarkable increase in exploration activity, with over 600 new license applications submitted by December 2023. This upward trend has continued into 2024, with an additional 400 applications, bringing the total number of applications to over 1,000. Minister Tom Alweendo has highlighted this influx as a positive indicator of growing confidence in Namibia's mineral potential. The […]

todayAugust 8, 2024 22

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Business / Economics

Govan Mbeki Lecture Highlights Need for African Infrastructure Upgrades

In S.A, The annual Govan Mbeki Lecture at the Nelson Mandela University in Gqeberha emphasised the importance of African infrastructure upgrades for industrialisation. Speaking at the lecture, Volkswagen Group South Africa's managing director , Martina Biene said the African Free Trade Agreement is seen as a strategic move to boost intra-African trade and position Africa as an industrial hub:  

todayAugust 8, 2024 22

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Business / Economics

Finance Minister tables Income Tax Amendment Bill

The Minister of Finance and Public Enterprises, Iipumbu Shiimi has introduced the Income Tax Amendment Act of 2024 in the National Assembly. The Act provides tax relief to individuals and non-mining companies by amending Schedule 4 of the Income Tax Act of 1981, which addresses tax rates. Shiimi had announced in the February 2024 national budget that all taxpayers would receive relief by adjusting the tax tables by N$50,000, exempting […]

todayAugust 7, 2024 339 4 2

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Business / Economics

Mining expo focuses on expansion opportunities

The 11th edition of the Mining Expo & Conference 2024 is underway in Windhoek, bringing together industry experts in the mining sector. Speaking at the event, Zebra Kasete, Vice President of the Chamber of Mines and Managing Director of Dundee Precious Metals in Tsumeb, highlighted that the surge in the uranium sub-sector is driving expansion opportunities in the mining industry.     During the opening of the expo on Wednesday, […]

todayAugust 7, 2024 43

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Business / Economics

Workplace discrimination saps everyone’s motivation − even if it works in your favor

Brent Simpson, University of South Carolina When people work for discriminatory managers, they put in less effort. That’s true both when managers are biased against them and when they’re biased in their favor, according to a new paper that Nicholas Heiserman of Oklahoma State University and I have published in the journal Nature Human Behaviour. To demonstrate this, we placed nearly 1,200 research participants in several experiments designed to mimic […]

todayAugust 7, 2024 19

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Business / Economics

7 August 2024 Morning Biz News: Nedbank’s Avo SuperShop Growth, South Africa’s Refinery Deal, Nigeria’s Oil Production Surge, and Currency Updates

  Nedbank’s Avo SuperShop Sees Rapid Growth Since its launch in the latter half of 2023, Nedbank’s Avo SuperShop has made significant strides, registering over 1,800 users and featuring more than 3,000 products from 19 merchants. According to Nedbank Group’s unaudited interim results for the six months ending June 30, 2024, both user registration and merchant participation are expected to grow further. The Avo SuperShop offers a digital marketplace for […]

todayAugust 7, 2024 25

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