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

Business / Economics

1309 Results / Page 50 of 146

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Business / Economics

19 July 2024 Morning Biz News: Financial News Roundup: Meatco’s Turnaround Concerns, South African Repo Rate Unchanged, Naira Depreciates, and Dollar Steady Amid Fed Speculation

1. Meat Corporation Turnaround Strategy Under Scrutiny Finance and Public Enterprises Minister Iipumbu Shiimi has voiced concerns over the Meat Corporation's (Meatco) turnaround strategy, according to The Brief. Despite the government injecting N$1 billion in subsidies over the past three years, Shiimi is dissatisfied with the company's lack of substantial progress. The effectiveness of the turnaround plan remains a key issue, with expectations for better performance and return on investment […]

todayJuly 19, 2024 17

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Business / Economics

INTERVIEW:: Business and Economics Researcher Josef K. Sheehama on Ursula von der Leyen’s Re-election

Business and economics researcher Josef K. Sheehama recently shared his insights on Ursula von der Leyen’s re-election as President of the European Commission. Sheehama believes that von der Leyen's continued leadership will be advantageous for both European and Namibian interests, particularly in the context of ongoing strategic partnerships and investments. Expanding European Defense Initiatives Sheehama highlighted that von der Leyen's re-election comes at a critical time when European defense strategies […]

todayJuly 19, 2024 27

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Africa

7th SADC Industrialisation week to be held in Harare

The 7th SADC Industrialisation Week, aimed at driving regional economic growth, is scheduled for 28 July to 2 August 2024 in Harare, Zimbabwe. This public-private engagement platform aims to foster new opportunities for intra-African trade, develop cross-border value chains, and identify investment prospects across Southern Africa. Elijah Mukubonda, spokesperson for the Ministry of Industrialisation and Trade.  

todayJuly 18, 2024 50

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Africa

Africa’s 5G rollout gains speed

      By Bonface Orucho, via bird story agency   Months after Egypt awarded its first 5G license to Telecom Egypt in a 15-year deal, the operator has partnered with Nokia to accelerate the rollout and deployment of 5G technology across the country. A statement from Telecom Egypt on July 15 described the partnership as one that would “revolutionize the country’s telecom landscape by introducing the transformative power of […]

todayJuly 18, 2024 29

Africa

East Africa grows its Space opportunity

  By Conrad Onyango, bird story agency   A futuristic solar-powered plane designed to fly between 60,000 and 80,000 feet above the earth, beyond regulated airspace, is set to take off in Kenya, adding to a growing number of high-altitude and space projects in East Africa. Aalto, a startup spun out by passenger aircraft giant Airbus in 2023, manufactures the solar-electric Zephyr HAPS aircraft and has indicated it will soon […]

todayJuly 18, 2024 18

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Business / Economics

11-18 July 2024 Weekly Economics Wrap: Cross-Border Green Hydrogen Pipeline Feasibility Study Advances Amid Economic Shifts Across Southern Africa and Global Markets

Namibia-South Africa Green Hydrogen Pipeline Feasibility Study The Mines and Energy Ministry of Namibia has announced plans to conduct a N$5 million feasibility study for a cross-border green hydrogen pipeline linking Namibia and South Africa. This initiative, overseen by Namibia's Green Hydrogen Programme, follows the signing of a Memorandum of Understanding between the two nations at the May 2024 World Hydrogen Summit. South African Economic Highlights Rand Strengthens on U.S. […]

todayJuly 18, 2024 16

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Business / Economics

18 July 2024 Morning Biz News Biz News Roundup: Key Financial Developments

Building Approvals Surge in Windhoek The City of Windhoek has approved 928 building plans in the first half of 2024, valued at N$921.9 million, as reported by The Brief. This represents a 1.4% increase in the number of plans and a substantial 30.0% increase in their value compared to the same period in 2023. However, IJG Securities highlighted a 16.3% decrease in the number of approvals and a marginal 0.1% […]

todayJuly 18, 2024 19

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Business / Economics

IMF projects Namibia’s GDP growth to slow to 3.6% in 2024

The International Monetary Fund forecasts that real GDP growth in Namibia will slow to 3.6% in 2024, owing to global macroeconomic headwinds and tight monetary conditions. The fund released its World Economic Outlook Update on 16 July 2024. Similarly, the African Development Bank forecasts a decline in GDP to 3.3% for both 2024 and 2025, driven by weak global demand and a contraction in agriculture.

todayJuly 17, 2024 40

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