Business / Economics Archives - Page 46 of 184

United States has released its monthly jobs growth data

The United States has released its monthly jobs growth data, with some analysts arguing it's another sign of a softening job market in the world's strongest economy. The President has criticized his predecessor, Joseph Biden, for the weaker-than-expected numbers. Mitch McCann reports from New York:

10 February, 2025

Business / Economics

Morning Biz News Update – February 7, 2025

The local market recorded a total trade volume of 1,593,411 shares valued at N$26.3 million across 34 deals on February 7, 2025. Year-to-date, total trade volume stands at 7.58 million shares, amounting to N$452.9 million across 572 transactions. Financials led trading activity with 1.1 million shares exchanged. In international news, China has endorsed South Africa’s G20 presidency, reaffirming global cooperation despite US Secretary of State Marco Rubio’s boycott threats. The […]

10 February, 2025

Business / Economics

Trump Says Canada and Mexico’s actions “not good enough” to avoid tariffs

US President Donald Trump says Canada and Mexico need to do more if they're to avoid the start of 25% tariffs in a few weeks. He made the comments during a Fox News interview, as well as reiterating his plan to make Canada the US' 51st state. Nick Harper reports on what the president had to say about Washington's northerly neighbor.

10 February, 2025

Business / Economics

TotalEnergies revises Venus oilfield production target

TotalEnergies has delayed its final investment decision on its offshore oil project in Namibia, with a new target set for 2026, according to CEO Patrick Pouyanne. The company has also adjusted its production forecast for the Venus oilfield, now aiming for 150,000 barrels per day, down from the previous expectation of 160,000 barrels per day, following updated projections shared at its investor day in October. According to Reuters, […]

7 February, 2025

Business / Economics

Bank of Namibia awards bursaries to ten outstanding students

The Bank of Namibia has awarded bursaries to ten outstanding students pursuing studies in key fields essential to the country’s development. The regulator's Sandra Garises says, through its long-standing bursary programme, the Bank continues to invest in the country's future by ensuring deserving students have access to quality education. Josefina Oskar from BON:

7 February, 2025

Business / Economics

07 February 2025 BIz News

Inflation Rate Drops to 3.2% in January The Statistics Agency has released its latest report on the country’s inflation rate, revealing a decline in the annual headline inflation rate to 3.2% for January 2025. This marks a notable drop from the 5.4% recorded in January 2024. The decrease is attributed to lower fuel prices and easing food costs, providing relief to consumers. Minerals Council SA Calls for Faster Mining Approvals […]

7 February, 2025

Business / Economics

Namibia’s trade deficit improves in December 2024

Namibia’s trade balance showed a notable improvement in December 2024, standing at a deficit of N$119 million. This marks a significant reduction from the previous month's deficit of N$5.5 billion and December 2023’s deficit of N$969 million. According to the Namibia Statistics Agency's latest Trade International merchandise trade bulletin, South Africa continued to be Namibia’s largest import market, while China remained the top destination for Namibia’s exports. […]

6 February, 2025

Business / Economics

NAMFISA Launches Media Website to Enhance Stakeholder Engagement

By: Hertha Ekandjo The Namibia Financial Institutions Supervisory Authority (NAMFISA) has officially launched its media website, a digital platform designed to enhance transparency, accessibility, and stakeholder engagement. Speaking at the launch, NAMFISA chief executive officer Kenneth Matomola highlighted the website’s key features, emphasizing its role as an essential tool for the financial services sector. “The platform provides access to key publications, including our business plan, quarterly bulletins, and annual reports. […]

6 February, 2025

Africa

Nigeria Seeks Stronger Ties with Namibia

Nigeria aims to enhance bilateral relations with Namibia, focusing on trade, investment, agriculture, and energy. And as One Africa Tv NewsOnOne's Hertha Ekandjo reports, Nigerian Ambassador Bolaji Akinremi, speaking at a joint cooperation meeting in Windhoek, highlighted opportunities for collaboration in oil exploration, uranium mining, and SMEs.

6 February, 2025