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

Business / Economics

1232 Results / Page 44 of 137

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Business / Economics

12 July 2024 Morning Biz News: Financial News Digest: City of Windhoek’s Strong Performance, Rand’s Rise, Central Bank Actions, and Global Market Indicators

  1. City of Windhoek Reports Strong Financial Performance The City of Windhoek has announced robust financial results for the 2022/2023 fiscal year, with a reported turnover of approximately N$5 billion. This revenue surge is attributed to key municipal services including water, electricity, rates and taxes, sewer discharge, and waste removal. Matyayi, emphasizing the critical role of these services, highlighted their contribution to fulfilling the council’s mandate. 2. South African […]

todayJuly 12, 2024 13

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Business / Economics

Global e-commerce skyrockets to $27 trillion

Did you know that the energy required for Bitcoin data mining reached 121 terra watts last year? That’s more than the amount consumed by most small countries. Daniel Johnson from UN news has more. Meanwhile, new data from 43 countries, representing about three-quarters of global GDP, show business e-commerce sales grew nearly 60% from 2016 to 2022, to reach $27 trillion.

todayJuly 11, 2024 25

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Africa

80% of Zimbabwe transactions in USD

Zimbabwe must take the necessary steps to end its reliance on the dollar and increase the use of its own currency, Information Secretary Nick Mangwana said. “The benefits of de-dollarisation far outweigh the costs, making it an urgent imperative for Zimbabwe to break free from the US dollar grip,” Mangwana said in an opinion piece published in the Herald newspaper. Bloomberg reports that more than 80% of Zimbabwe’s transactions are denominated […]

todayJuly 11, 2024 34

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Business / Economics

4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond

  Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […]

todayJuly 11, 2024 9

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Business / Economics

11 July 2024 Morning Biz News: Namibia’s Green Scheme Spurs Maize Production Surge Amid Global Economic Trends

Namibia's Green Scheme Boosts Maize Production Amidst Food Security Concerns Namibia's agricultural sector is poised for a significant boost in maize production this season, thanks to the country's Green Scheme projects. Recent reports from the Integrated Food Security Phase Classification by the Food and Agricultural Organisation indicate that maize production is set to increase by 24% to 13,100 metric tonnes, up from 10,600MT in the previous season. This rise underscores […]

todayJuly 11, 2024 17

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Business / Economics

Agribank rolls out drought relief plan

Namibia's agricultural lender, Agribank, has launched its drought relief subsidy, as announced by Hon. Iipumbu Shiimi, Minister of Finance and Public Enterprises, in his February 2024 budget speech. Effective today, 10 July 2024, the relief will come in the form of installment relief and a penalty interest waiver for clients. According to the bank's spokesperson, Fillemon Nangonya the first intervention focuses on Agribank clients with farmland and livestock loan accounts, […]

todayJuly 10, 2024 41

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Business / Economics

Mines Ministry Launches Training for Customs Officials to Boost Mining Revenue Collection

The Mines and Energy Ministry, in collaboration with the Revenue Agency, launched a two-week training program for Customs Officials overseeing the mining industry at border points and conducting tax audits on minerals. Sponsored by UNDP, the training, held at Mercure Hotel, aims to enhance revenue collection and compliance in the extractive industry through the SDGs taxation framework. Executive Director of MME, Penda Ithindi.  

todayJuly 10, 2024 34

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