Business / Economics Archives - Page 44 of 184

14 February 2025 Morning Market Update: Local and Global Financial Trends

By Leonard Witbeen The Namibian stock market saw significant activity yesterday, with 1,582,354 shares traded at a total value of N$13.65 million across 28 deals. The financial sector led with N$11.89 million in trades, while the real estate sector followed with N$274,678. Year-to-date, market trades have reached 8 million shares, totaling N$481.55 million. Global Currency and Market Trends South African Rand Holds Steady Amid Tariff Speculation According to Reuters, South […]

14 February, 2025

Business / Economics

Driving Namibia’s Logistics Future

By: Reginald Obaking Namibia’s strategic location and world-class infrastructure provide it with a unique opportunity to become the leading logistics hub for the SADC region and beyond. With well-developed corridors and state-of-the-art port facilities at Walvis Bay, the country is perfectly positioned to connect landlocked neighbours to global markets. However, logistics success is not just about location. It requires the right investments, policies, and partnerships. Trends shaping the industry Namibia’s […]

13 February, 2025

Business / Economics

Oranjemund Dialogue Highlights Offshore Oil Risks and Community Rights

The Legal Assistance Centre hosted a Community Dialogue in Oranjemund on the Environmental and Social Impact Assessment for Block 2914A, raising concerns over offshore oil exploration risks. In a statement, the LAC's Corrinna Van Wyk says experts criticized the ESIA for outdated biodiversity data and weak oil spill response plans. Participants expressed frustration over the lack of public consultation, despite legal rights under the Environmental Management Act . A South […]

13 February, 2025

Business / Economics

Weekly Economics Wrap 6-13 February 2025: Key Developments in Global and Regional Markets

Namibia: Interest Rate Cut and Oil & Gas Capacity Building The Bank of Namibia has lowered its key interest rate for the fourth consecutive monetary policy meeting, aiming to support economic growth amid stable inflation projections. On Wednesday, the central bank cut the repo rate by 25 basis points to 6.75%, following similar reductions in its last three policy decisions. The move is expected to provide relief to borrowers while […]

13 February, 2025

Business / Economics

Oil giant Chevron slashing up to 20% of its global workforce

Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more.

13 February, 2025

Business / Economics

Inflation Falls, But Monthly Rate Rises

Inflation eased locally to 3.2% in January, reflecting a steady decline from previous months due to lower costs in key sectors. Despite the annual slowdown, the month-on-month rate climbed to 1.1% from 0.2% in December. Transport, housing, and food remain the biggest inflation drivers. Simonis Storm economist Almandro Jansen:

13 February, 2025

Business / Economics

Morning Biz News – 13 February 2025

Bank of Namibia Cuts Interest Rate Again The Bank of Namibia has reduced its key interest rate for the fourth consecutive monetary policy meeting, lowering the repo rate by 25 basis points to 6.75%. The central bank cited stable inflation projections and the need to support economic growth as the primary reasons for the cut. This follows similar reductions in its last three policy decisions, signaling a continued effort […]

13 February, 2025

Business / Economics

US inflation hits 3% for first time since June

US President Donald Trump is pressing on with his protectionist agenda, readying reciprocal tariffs on various products from multiple nations, despite fresh inflation data showing prices are still rising in the United States. CPI increased 3% last month compared to a year ago — that's higher than economists predicted, as Benji Hyer reports.

13 February, 2025

Business / Economics

Navigating 2025’s Financial Landscape Wednesday, 12 February 2025 - In 2025, investors and savers will be facing a world of tempered growth, changing policy dynamics, and revolutionary market trends. As we navigate the year, understanding the economic outlook, identifying investment opportunities, and embracing resilience strategies will be key, grounded in the latest insights. Global economic growth is projected to remain steady at 2.7% in 2025, matching the 2024 pace […]

12 February, 2025