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

Business / Economics

1309 Results / Page 52 of 146

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Business / Economics

Roads Authority Announces Temporary Closure for Blasting Operations on Windhoek-Rehoboth Road Tomorrow

    The Roads Authority has issued a notice to all road users regarding scheduled blasting operations on the Windhoek-Rehoboth Road. Blasting activities will commence tomorrow, on 16 July 2024, at 14:00 PM,  approximately one kilometre from the Police Road Block. The blasting is expected to last for about one hour, resulting in the closure of this section from 14:00 to 15:00. Motorists are advised to take note of this […]

todayJuly 15, 2024 78

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Business / Economics

Domestic financial system shows stability: BoN

      The Bank of Namibia's Macroprudential Oversight Committee (MOC) has found that Namibia's domestic financial system is stable, sound, and resilient. According to the BoN’s Deputy Governor, Leonie Dunn in a recent statement, this is despite rising vulnerabilities and risks, particularly concerns around elevated non-performing loans. She said the committee at its first meeting of the year, held last week to assess potential risks and vulnerabilities in the […]

todayJuly 15, 2024 28

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Business / Economics

Austria proposes construction of affordable houses in Namibia

      An Austria-based Global Housing Solutions company has proposed to build affordable houses in Namibia, through a government-based loan of N.dollars 1.4 billion (70 million Euros). This is according to Austria's 10th Federal Chancellor Alfred Gusenbauer who during a courtesy visit to President Nangolo Mbumba on Monday said through their facilitation the Namibian government could enter into a contract with an Austrian commercial bank with a grace period […]

todayJuly 15, 2024 119

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Business / Economics

15 July 2024 Morning Biz News: Business News Headlines: Namibia-South Africa Green Hydrogen Pipeline Feasibility Study Initiated, Rand Strengthens Amidst U.S. Inflation Data, Political Uncertainty Impacts Markets, Oil Prices Decline

  1. Namibia-South Africa Green Hydrogen Pipeline Feasibility Study The Ministry of Mines and Energy in Namibia has allocated N$5 million for a feasibility study on a cross-border green hydrogen pipeline connecting Namibia and South Africa. Initiated under Namibia's Green Hydrogen Programme, this study follows a recent Memorandum of Understanding signed between the two nations at the World Hydrogen Summit in May 2024. This ambitious project aims to leverage hydrogen […]

todayJuly 15, 2024 35

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Africa

‘Kinship tax’ puts the brakes on business – Kenyan study measures the impact of helping family

        By Munir Squires, University of British Columbia     Imagine working hard to build your business, only to find that your success brings about a wave of requests for help that you can’t turn down. This is a reality for many in African communities, where sharing income is a deeply rooted tradition. In fact, 93% of Kenyans I surveyed in a study of entrepreneurs believed that […]

todayJuly 12, 2024 15

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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 28

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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 47

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