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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 56 of 184

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Business / Economics

NSX Market Activity Snapshot for January 8

  On January 8, 2025, the local market saw a total volume of 652,394 shares traded, valued at N$10,629,105 across 28 deals. The telecommunications sector reported 300 shares traded, while the financial sector saw N$2,200,008 in value with 12 deals. The overall market for the day included 1,615,875 shares traded, amounting to N$2,503,681 in value, with 17 deals. The exchange traded products accounted for 289 shares and N$100,424 in value […]

today9 January, 2025

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Business / Economics

09 January 2025 Morning Biz News: Namibian Stock Performance, South Africa’s Economic Challenges, and Global Financial Updates

  In the latest financial news, Letshego Holdings Namibia has emerged as the leader on the Namibian Stock Exchange for 2024, posting an impressive total return of 49.2%. This performance, based on the most recent figures, showcases Letshego’s strong position in the market. Nictus Holdings secured second place with a return of 30.4%, while Capricorn Group followed closely with a return of 24.7%. Meanwhile, in neighboring South Africa, the manufacturing […]

today9 January, 2025

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Business / Economics

Bank Windhoek Appoints James Chapman as Managing Director Designate

  Bank Windhoek has appointed James Chapman as Managing Director Designate, effective from 1 February 2025, following approval by the Bank of Namibia. The financial institution says Chapman, a Chartered Accountant with over 11 years at Bank Windhoek, will succeed Baronice Hans, who will conclude her tenure in June after serving as the bank's first female and longest-serving Managing Director. Johan Swanepoel, the Bank's Chairperson, expressed confidence in Chapman's leadership […]

today8 January, 2025

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Business / Economics

Namibia retains AGOA eligibility

The United States has confirmed that Namibia will retain its eligibility for the African Growth and Opportunity Act (AGOA) benefits in 2025, alongside 31 other African nations. The announcement follows an annual review process by the US Trade Representative (USTR), including a July public hearing to assess compliance with AGOA’s criteria. AGOA is a trade agreement that promotes economic growth and development in sub-Saharan Africa by providing eligible countries with […]

today7 January, 2025

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Africa

Business and Economics Researcher Urges Action to Close Namibia’s Economic Gaps

According to business and economics researcher Josef Kefas Sheehama, Namibia is aiming to reduce its productivity gap and enhance economic resilience in the coming years. Key recommendations include tackling corruption, improving governance, and shifting focus to high-productivity sectors like manufacturing. Sheehama also stresses the importance of diversifying the economy and increasing domestic revenue generation to address inequality and improve living standards. With the African Continental Free Trade Area presenting new […]

today7 January, 2025

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Business / Economics

Namibians Spend N$151 Million on Streaming Services, Netflix Leads

Namibians have spent a total of N$151 million on video downloads and streaming services, with Netflix emerging as the most popular platform, followed by Apple TV and Amazon Prime Video. The growth in streaming service usage is attributed to the convenience, flexibility, and ad-free content these platforms offer. According to the Bank of Namibia's recent discussion note, the value of video downloads and streaming has surged from N$62 million in […]

today7 January, 2025

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Business / Economics

Economist Critiques China’s Influence in Africa Amid Minister’s Visit

Reports indicate that Economist Salomo Hei criticized China's influence in Africa, calling it one-sided. Hei’s remarks came in response to the visit of China’s foreign affairs minister Wang Yi, who met with Vice President Netumbo Nandi-Ndaitwah at the Old State House in Windhoek. Wang, whose visit marks his first stop in Africa, will continue his tour with visits to the Democratic Republic of Congo, Chad, and Nigeria. Hei noted that […]

today7 January, 2025

Business / Economics

Namibia and China strengthen ties during high-level talks

  Swakopmund, Namibia – President Nangolo Mbumba hosted Chinese Foreign Minister Wang Yi in Swakopmund during a meeting aimed at reinforcing the long-standing partnership between the two nations. The talks focused on advancing Namibia and China’s Comprehensive Strategic Partnership and exploring new avenues for cooperation in key development areas. Speaking during the engagement, President Mbumba reaffirmed Namibia’s commitment to strengthening ties with China, particularly in energy, infrastructure, education, and tourism. […]

today6 January, 2025