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

Business / Economics

1309 Results / Page 53 of 146

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Business / Economics

4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond

  Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […]

todayJuly 11, 2024 12

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Business / Economics

11 July 2024 Morning Biz News: Namibia’s Green Scheme Spurs Maize Production Surge Amid Global Economic Trends

Namibia's Green Scheme Boosts Maize Production Amidst Food Security Concerns Namibia's agricultural sector is poised for a significant boost in maize production this season, thanks to the country's Green Scheme projects. Recent reports from the Integrated Food Security Phase Classification by the Food and Agricultural Organisation indicate that maize production is set to increase by 24% to 13,100 metric tonnes, up from 10,600MT in the previous season. This rise underscores […]

todayJuly 11, 2024 18

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Business / Economics

Agribank rolls out drought relief plan

Namibia's agricultural lender, Agribank, has launched its drought relief subsidy, as announced by Hon. Iipumbu Shiimi, Minister of Finance and Public Enterprises, in his February 2024 budget speech. Effective today, 10 July 2024, the relief will come in the form of installment relief and a penalty interest waiver for clients. According to the bank's spokesperson, Fillemon Nangonya the first intervention focuses on Agribank clients with farmland and livestock loan accounts, […]

todayJuly 10, 2024 48

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Business / Economics

Mines Ministry Launches Training for Customs Officials to Boost Mining Revenue Collection

The Mines and Energy Ministry, in collaboration with the Revenue Agency, launched a two-week training program for Customs Officials overseeing the mining industry at border points and conducting tax audits on minerals. Sponsored by UNDP, the training, held at Mercure Hotel, aims to enhance revenue collection and compliance in the extractive industry through the SDGs taxation framework. Executive Director of MME, Penda Ithindi.  

todayJuly 10, 2024 37

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Business / Economics

10 July 2024 Morning Biz News: Economic Insights: Namibia’s Inflation Trends, Currency Movements, and Market Dynamics

Namibia's Inflation Rates Vary Across Regions Amid Nationwide Slowdown The Namibia Statistics Agency recently reported a nationwide slowdown in inflation for June 2024, revealing a varied landscape across the country's three designated zones. While the national average reflects a general easing of inflationary pressures, Zone 1, comprising the Northern regions, and Zone 2, which includes only the Khomas region, experienced slightly higher inflation rates at 4.8%, surpassing the national average. […]

todayJuly 10, 2024 25

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Business / Economics

Transnet Suspends Operations at Several South African Ports Due to Severe Weather

South Africa's logistics firm Transnet announced on Tuesday that it had suspended operations at some ports due to strong winds and waves affecting parts of the country. According to Reuters, the coastal regions, particularly the Western Cape, have faced disruptive rains and violent winds since Sunday. Transnet, already dealing with port backlogs from under-investment in equipment and maintenance, said operations at four of its seven ports—Cape Town, Saldanha, Port Elizabeth, […]

todayJuly 10, 2024 9

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Business / Economics

9 July 2024 Afternoon Biz News: Economic Update: Aquaculture Project Cleared, Rand Stable Amid Global Market Uncertainty

  Blue Ridge Aquaculture Africa (Pty)’s Aquaculture Project: Blue Ridge Aquaculture Africa (Pty)’s local associate has received Environmental Clearance for a 25-hectare aquaculture project near Henties Bay. The project will use Recirculating Aquaculture Systems for Tilapia farming and is expected to cost under N$1.4 billion. South African Rand Stability: The South African rand remained stable, trading at 18.13 against the dollar. Market focus is on the Federal Reserve chair's testimony […]

todayJuly 9, 2024 18

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Business / Economics

Shell Seeks Approval for Offshore Drilling off South Africa’s West Coast

Reuters reports that Shell is seeking government authorization to drill up to five offshore wells off the west coast of South Africa, according to a draft scoping report from environmental consultancy SLR. Shell Offshore Upstream South Africa B.V. and its joint venture partners require environmental approval to operate in the Northern Cape Ultra Deep Block in the Orange Basin.

todayJuly 9, 2024 23

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