Business / Economics Archives - Page 43 of 184

Morning Biz News – 18 February 2025

Local Market Update The Namibian stock market saw a total of 337,067 shares traded on 17 February 2025, amounting to N$9.32 million across 20 deals. Year-to-date, total trades have reached 8.5 million shares, valued at N$505.68 million. According to the NSX daily report, Financials, Basic Materials, and Consumer Staples led in value, while Exchange-Traded Products contributed N$12.03 million in trades so far this year. Rand Weakens Ahead of Budget Speech […]

18 February, 2025

Business / Economics

Inflation Drops to 3.2% Despite Monthly Increase

The local annual inflation rate eased to 3.2% in January, continuing its downward trend due to lower costs in key sectors. However, the month-on-month inflation rate saw an uptick, rising to 1.1% from 0.2% in December. Capricorn Asset Management’s Floris Bergh weighs in:

18 February, 2025

Business / Economics

A pathway to financial growth for Namibians though Unit Trusts

Monday, 17 February 2025 - Investments and savings are essential to both economic stability and financial security. A unit trust is among the greatest and easiest investment solutions available. Long-term wealth accumulation and inflation coverage are guaranteed by this investing instrument, particularly in light of Namibia's recent history of rising annual inflation rates, which peaked in August 2022 at 7.3%. Inflation has nevertheless decreased significantly since then and currently is […]

17 February, 2025

Business / Economics

Morning Biz News – 17 February 2025

SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […]

17 February, 2025

Business / Economics

Thriving Market for Secondhand Fishing Gear in Windhoek’s Industrial Hub

Despite being far from coastal fishing hubs, secondhand fishing nets and heavy-duty ropes are in high demand in Windhoek’s Northern Industrial area. According to Ketemba Tjipepa from One Africa TV’s NewsOnOne, vendors report that business is thriving, proving a strong inland market for these maritime materials. Ketemba also spoke to one more vendor on their experience: Catch last night's full news bulletin on oneafrica.tv. Weeknights you can watch NewsOnOne at […]

15 February, 2025

Business / Economics

Namibia Joins International Maritime Organisation to Boost Supply Chains

Cabinet has approved Namibia’s membership in the International Maritime Organisation to enhance supply chain efficiency. Information Minister Emma Theofelus announced the decision this week, following Cabinet’s first meeting on February 11.

15 February, 2025

Business / Economics

India-US agree to boost bilateral trade to $500Bn

India and the US have agreed to boost bilateral trade to 500 Billion Dollars by 2030 as President Donald Trump and Indian Prime Minister Narendra Modi met in Washington. The US has also agreed to sell f-35 fighter jets to India. India's Foreign Minister says the two leaders share a close bond - which could define India-US ties for the next four years. Ishan Garg tells us more from New […]

14 February, 2025

Business / Economics

New tariffs to be rolled out from the U.S. to be reciprocal to each country

U.S. President Donald Trump has added another round of tariffs detailed in a memo signed on Thursday. They will be worked out individually on countries proportional to their trade imbalance with the U.S. Caroline Malone reports.

14 February, 2025

Business / Economics

MPs Sound Alarm Over Exploitative Lending Practices

Lawmakers in the National Assembly debated financial reforms to curb rising debt levels in Namibia, especially among civil servants. Inna Hengari from PDM criticized microlenders such as Letshego for profiting N$199 million in six months while borrowers sink deeper into financial distress. Hertha Ekandjo reports for One Africa’s NewsOnOne.

14 February, 2025