insert_link Business / Economics 28 June 2024 Morning Biz News: Namibia’s Investment Strength, Rand Decline, Oil Prices Surge, and Dollar Dominance As of December 31 last year, members of the Namibia Savings and Investment Association (NaSIA) managed over 75% of the country's $252 billion in assets under management, according to a report by The Brief. This impressive feat places Namibia seventh globally in contractual saving rates, trailing only behind developed nations. The robust performance of NaSIA highlights the country's growing emphasis on savings and investment, which are crucial for economic stability […] todayJune 28, 2024 15
insert_link Business / Economics Businesses must declare owners, says BIPA Following the introduction of the beneficial ownership requirement, which became law in 2023, all registered businesses are now required to declare their beneficial owners. We spoke to Ockert Jansen, the Business and Intellectual Property Authority's Executive of Marketing, Corporate Communications, and Client Management Services, to find out if local businesses have complied and the possible repercussions. todayJune 27, 2024 52
insert_link Business / Economics NamRA warns of penalties for late tax returns The Namibia Revenue Agency has reminded the public to submit their income tax returns for the fiscal year 2023/24 before the deadline. NamRa spokesperson, Steven Ndorokaze stressed the importance of timely submission to ensure compliance and avoid penalties. todayJune 27, 2024 93
insert_link Business / Economics NCCI plans Swakopmund trade expo in July The 9th Namibia Chamber of Commerce and Industry Swakopmund International Trade Expo will be held from July 1st to 6th, 2024, at Vineta Sports Stadium in Swakopmund. The official ceremony on July 3rd will be attended by President Nangolo Mbumba and Botswana’s President Makgweetsi Masisi. The Expo will also include business seminars aimed at influencing policy direction. Here’s NCCI Economist, Milner Siboleka, with more. todayJune 27, 2024 115
insert_link Business / Economics 20-27 June 2024 Weekly Economics Wrap: Global and African Markets in Focus This week in economic news, several key developments have shaped financial landscapes across Africa and globally. Namibian Market Highlights: Savanna Beef Secures N$150 Million for Export Abattoir: Savanna Beef has successfully secured a N$150 million loan to construct an advanced export abattoir. This initiative, spearheaded by the Beef Value Chain Forum and facilitated by Cirrus Capital, aims to enhance Namibia's beef export capabilities, as reported in The Brief. Trustco […] todayJune 27, 2024 17
insert_link Business / Economics 27 June 2024 Moring Biz News: Namibian Business Pulse: Mining Expo Set for Record Turnout Amidst Currency and Market Developments 1. Chamber of Mines of Namibia Prepares for Record-breaking Mining Expo The Chamber of Mines of Namibia is anticipating a highly successful annual mining expo this year, with expectations pointing towards a record-breaking turnout. Having previously hosted 162 exhibitors and 270 booths, the upcoming event has already secured commitments from 145 exhibitors for 245 booths with six weeks remaining until its commencement. This surge suggests an imminent sell-out, according to […] todayJune 27, 2024 29
insert_link Business / Economics Namibia Secures Bid for 2024 Event After hosting Africa Hospitality Investment Forum The Africa Hospitality Investment Forum , ending today, is being held for the first time in Southern Africa. Namibia secured the bid to host AHIF 2024 through the efforts of the Namibia Investment Promotion and Development Board, which is also the host partner for the 2024 even. Lullu Krugel Partner, Strategy and Chief Economist at PwC in South Africa about Africa in the New Global Geopolitical Order. todayJune 27, 2024 31
insert_link Business / Economics Minister Schlettwein Approves 20-25 Million Cubic Meter Desalination Plant in Erongo Region Lands Minister, Calle Schlettwein announced at a Land Development Conference in Henties Bay that the government has authorized the construction of a desalination plant in the Erongo region with a capacity of 20-25 million cubic meters. Minister, Calle Schlettwein. todayJune 27, 2024 55
insert_link Business / Economics Financial Intelligence Centre launches 2023/24 annual report The Financial Intelligence Centre which is mandated with combating money laundering, financing of terrorism, and proliferation launched the 2023/24 annual report in the capital on Wednesday. Speaking at the launch, FIC board chairperson, Charmaine van der Westhuizen says the FIC’s role is indispensable. The Financial Intelligence Centre achieved an unqualified audit opinion, with reserves increasing by 128% to N$44.3 million from N$19.3 million in the previous financial year. Total […] todayJune 26, 2024 55