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

Business / Economics

1232 Results / Page 61 of 137

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Business / Economics

Energy companies bid for stake in Galp’s Namibia oil discovery

Exxon Mobil, Shell, TotalEnergies, and Equinor are among the major energy companies considering bids for a 40% stake in Galp Energia's Mopane oil field discovery offshore Namibia. According to Galp Energia's estimates, the Mopane complex contains 10 billion barrels of oil equivalent (boe) and could be valued at around N$362 billion or more, as reported by Bloomberg. Bloomberg reports that Galp Energia, with the help of a financial advisor, is […]

todayMay 22, 2024 46

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Business / Economics

Top brands buy Amazon carbon credits from suspected timber laundering scam

An analysis of two carbon credit projects in the Brazilian Amazon has found that they may be connected to illegal timber laundering. Prior to the analysis, forest management plans had already been suspended in the areas over the same issue. The projects belong to Ricardo Stoppe Jr., known as the biggest individual seller of carbon credits in Brazil, who has made millions of dollars selling these credits to companies like […]

todayMay 22, 2024 35

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Africa

UK-Rwanda migrant deal challenges international protection law

    By Cristiano d'Orsi, University of Johannesburg     In late April 2024 the British parliament passed a law – the Safety of Rwanda Act – enabling it to transport migrants arriving in the UK to Rwanda. When the legislation was approved by parliament, there were 52,000 asylum seekers who could potentially be sent to Rwanda. The law has been condemned by a range of UN actors, human rights […]

todayMay 22, 2024 13

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Business / Economics

22 May 2024 Morning Biz News: Regional Insights: Africa’s Economic Dynamics and Global Market Trends

  As the global economy continues to navigate through uncertain waters, recent developments across key African economies shed light on both challenges and opportunities within the region. From discussions on trade facilitation to monetary policy adjustments, here's a comprehensive overview of the latest business news shaping the landscape: 1. Unlocking Commerce Potential in East and Southern Africa Addressing the 39th Regional Steering Group (RSG) Meeting of the World Customs Organization […]

todayMay 22, 2024 5

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Africa

Massive African “Gigawatt” wind projects to dwarf existing facilities, as private power companies and “wheeling” take root

    By Conrad Onyango, bird story agency   Huge new wind power project under development in Egypt and Kenya will see independent power producers access national grids to sell power to private customers in other parts of the country, or region, accoding to a new report. "Wheeling" refers to the practice of allowing privately generated power to flow through the national grid to willing buyers in a seller-buyer model. […]

todayMay 21, 2024 48

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Africa

Why Nigerian companies topped Africa’s fastest growing list in a difficult year

      By Conrad Onyango, bird story agency     In early 2023, when Nigeria began rolling out its newly designed currency notes, the country was hit by a cash crisis. The reason? Nigeria’s apex bank had put a cap on the maximum amount of hard cash that individuals and corporations could withdraw as part of wider efforts to tame money laundering. While this scarcity of hard cash worsened […]

todayMay 21, 2024 11

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Africa

Morocco turbocharges its e-sports economy

    By Bonface Orucho, bird story agency     Morocco's e-gaming scene is booming, fueled by a growing youthful community, dynamic esports events, and strong government support. From May 24th to 26th the North African country hosts its first gaming expo at the Sofitel Jardin des Roses in Rabat Gaming City. Aymane Mehdi, a software engineer and e-gamer involved in organizing the expo said the event offers a “sneak […]

todayMay 21, 2024 45

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Business / Economics

21 May 2024 Morning Biz News: Let’s Explore the Latest Financial Developments

    In the dynamic landscape of business and finance, staying updated with the latest news and market movements is essential. Here's a snapshot of recent noteworthy events in the realm of commerce and investment: Let she go Holdings Namibia's Successful N$260 Million Offering Let she go Holdings Namibia recently made waves by issuing a N$260 million three-year senior unsecured social note on the Namibian Stock Exchange. This move garnered […]

todayMay 21, 2024 12

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Business / Economics

Namibia slips in mining investment appeal

The latest Fraser Institute Survey of Mining Companies has found that various African countries, including Namibia, have declined in their investment attractiveness for mining exploration. The libertarian-conservative Canadian public policy think tank and registered charity headquartered in Vancouver's, 2023 annual mining survey assesses the impact of mineral endowments and policy factors on attitudes toward exploration investment.  According to the survey results, Namibia’s score decreased from 59.88 last year to 56.43 […]

todayMay 20, 2024 16

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