Business / Economics Archives - Page 54 of 184

NAMFISA appoints Heita as Change Management Specialist

The Namibia Financial Institutions Supervisory Authority (NAMFISA) has appointed Gloria Heita as its Change Management Specialist, effective 2 December 2024. According to the regulator, Heita brings extensive experience from her career at prominent organisations, including Coca-Cola Beverages Africa, Namdeb Diamond Corporation, and Anglo-American plc. Her expertise spans Human Resources, Organisational Development, Project Management, Leadership Development, and Change Management. A graduate of the University of Namibia, Heita holds a degree in […]

17 January, 2025

Business / Economics

European auto chief calls for EU to relax environmental regulations

The head of Europe's Automobile Manufacturers' Association has called on the EU to revise its environmental policies. Car makers in Europe currently have until the end of the year to substantially curb emissions or face penalties. But industry leaders fear such action could cause European brands to lose pace with the competition. William Denselow reports from Brussels.

17 January, 2025

Business / Economics

Strong Growth in Export Earnings for November

The Statistics Agency’s latest International Merchandise Trade Statistics bulletin reveals a 39% rise in export earnings. Ellen Shihepo from One Africa TV reports on this economic milestone and the increase from N$8.8 billion in October to N$12.2 billion in November 2024. Visit oneafrica.tv for the latest news or watch NewsOnOne weeknights at 7

17 January, 2025

Business / Economics

Immanuel Mulunga Highlights Low Odds of Finding Viable Oil in Namibia

Former petroleum commissioner, Immanuel Mulunga, estimates a 25–35% chance of companies discovering commercially viable oil in Namibia. Speaking with local media, the ex-Namcor managing director commented on Chevron’s recent announcement about failing to find hydrocarbons in the Orange Basin. Mulunga emphasized that oil exploration remains a high-risk endeavor.

17 January, 2025

Business / Economics

Namibia reports trade deficit of N$5.5 billion

The Namibia Statistics Agency has released the Namibia International Merchandise Trade Statistics Bulletin for the month of November 2024 which indicates that the country’s exports stood at 12.2 billion and imports at 17.7 billion resulting in the country's trade deficit of 5.5 billion. NSA spokesperson, Mirjam Shihepo.

16 January, 2025

Business / Economics

No oil: Sintana Energy optimistic despite Kapana 1-X outcome

Exploration map TORONTO, 15 January 2025 — Sintana Energy Inc. has given an operational update on the Kapana 1-X exploration well, located on Block 2813B within Petroleum Exploration License 90 (PEL 90). The block is operated by Harmattan Energy Limited, a subsidiary of Chevron Corporation, with Trago Energy (Pty) Ltd., a Custos Energy subsidiary in which Sintana holds a 49% indirect interest, owning a 10% working interest in the […]

16 January, 2025

Business / Economics

Farmers Face Fodder and Rainfall Challenges

Etunda Irrigation Green Scheme manager Sacky Shilyomunhu reports to local media the low demand for barley-based animal fodder despite producing six to seven tonnes last year adding that surrounding communities need awareness of the benefits of hydroponic feed for livestock. Meanwhile, Okongo farmer Willem Amutenya expressed to One Africa TV his concern over halted rainfall, disrupting the cropping season and threatening yields. Amutenya said ploughing began in December, but rains […]

16 January, 2025

Business / Economics

S.A. Trade and Industry Minister Welcomes Fresh Produce Market Inquiry Report

S.A's Trade and Industry minister Parks Tau has welcomed the Fresh Produce Market Inquiry’s final report led by the Competition Commission. The inquiry, which released provisional findings in June last year, noted how the inconsistency of several by-laws harmed competition. The domestic fresh produce market in the country is estimated to be valued at 53-billion-rand annually. The ministry’s spokesperson, Yamkela Fanisi, says the 31 remedies presented in the report […]

14 January, 2025

Business / Economics

Inflation drops to 3.4% in December 2024, driven by lower food and transport prices

Inflation in December 2024 decreased to 3.4% year-on-year, down from 5.3% in December 2023. The decline was primarily driven by lower food and transport prices, although higher housing and utility costs partially offset the reduction. On a month-on-month basis, inflation rose slightly from 3.0% in November to 3.4% in December, largely due to higher food prices and mild transport deflation. FNB Economist Helena Mboti explained the factors behind the inflation […]

14 January, 2025