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

Business / Economics

1309 Results / Page 51 of 146

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Business / Economics

Another big splash for China in water contracts

  This story is republished with permission from The Tender Bulletin   NamWater has awarded a tender for the construction of the Outapi water treatment works extension and upgrade to China Jiangxi International in joint venture with Homefin Properties for N$112-m, two months after the same partnership landed a N$91-m contract for the construction of Ondangwa – Oshali water pipeline. The Outapi water treatment construction contract was awarded directly by […]

todayJuly 17, 2024 105

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Business / Economics

Namport Advances Concession Agreement for New Container Terminal at Port of Walvis Bay

Namibian Ports Authority is finalizing a 25-year concession agreement with Terminal Investment Limited to operate the new Container Terminal at the Port of Walvis Bay by the fourth quarter of 2024 according to The Brief's reports. TIL, a subsidiary of MSC Mediterranean Shipping Company, was selected to enhance efficiency and attract private investment. The agreement aims to boost operational capabilities, competitiveness, and employment opportunities amid changes in the shipping industry […]

todayJuly 17, 2024 93 1

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Business / Economics

TransUnion Study Shows Financial Optimism Among Namibians Despite Current Challenges

A recent TransUnion Quarter 2 Consumer Pulse Study for this year reveals that while Namibian households continue to face financial difficulties, there is optimism about future income prospects. The study indicates that 38% of consumers experienced stagnant incomes and 34% faced decreases, while 28% reported increases. Despite high inflation averaging 5.9% in 2023, 81% of consumers, particularly younger generations, remain hopeful about their financial future.

todayJuly 17, 2024 29

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Business / Economics

17 July 2024 Morning Biz News: “Namibia Economic Update: Kelp Blue License Secured, Rand Strengthens Amid Global Market Dynamics”

In recent developments impacting Namibia's economic landscape, several key indicators and business activities have emerged, reflecting both local and international market trends. Kelp Blue Namibia, led by Managing Director Fabian Shaanika, has secured a significant 15-year commercial license for cultivating Giant Kelp across a sprawling 6,400-hectare offshore site. This milestone not only promises substantial business expansion for Kelp Blue but also underscores its role in enhancing carbon sequestration efforts. On […]

todayJuly 17, 2024 21

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Business / Economics

Farmers Achieve Local Good Agricultural Practices Certification

Namibian farmers certified by the Namibian Agronomic Board with the Good Agricultural Practices certificate are poised to bolster their credibility and market reach according to The Brief. The certification, awarded to six small-scale and commercial farmers, ensures adherence to stringent food safety and hygiene standards under the Primary Farm Assurance requirements. This achievement not only boosts local produce quality but also opens doors to broader domestic and international market opportunities.

todayJuly 16, 2024 8

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Business / Economics

16 July 2024 Morning Biz News: Business Update: Tourism Surges, Rand Weakens, Inflation Soars, and Oil Faces Pressure

1. Tourism Sector Sees Remarkable Growth in 2023 Namibia's tourism industry experienced a substantial surge in 2023, with international visitor arrivals reaching approximately 864 thousand, marking an impressive 87.4% increase from the previous year's 461,027 arrivals. Minister Pohamba Shifeta of the Environment, Forestry, and Tourism ministry unveiled these statistics in the Annual Tourist Statistical Report for 2023. This growth underscores Namibia's attractiveness as a key destination in the region, reflecting […]

todayJuly 16, 2024 16

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Business / Economics

Namcor urged to focus strategy on Green Hydrogen

Namibia has been encouraged to consider a strategic shift for its National Petroleum Corporation of Namibia (NamCor) to establish itself as a leader in the burgeoning green hydrogen sector. Following a recent study tour to Belgium, a delegation of ten government officials recommended that the country’s oil company transition to include green hydrogen production. NamCor spokesperson Paulo Coelho expressed the company’s enthusiasm about remaining at the forefront of the emerging […]

todayJuly 15, 2024 80

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Business / Economics

Food insecurity on the rise in Namibia, recent Afrobarometer study shows

A recent Afrobarometer survey indicates that almost three-quarters of Namibians went without enough food to eat at least once during the previous year. More than six in 10 citizens also experienced shortages of cooking fuel at least once during the same period. The proportion of citizens facing frequent food shortages has steadily increased to the highest levels recorded since 2017. Food shortage ranks among the top three most urgent issues […]

todayJuly 15, 2024 31

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