play_arrow

keyboard_arrow_right

Listeners:

Top listeners:

skip_previous skip_next
00:00 00:00
playlist_play chevron_left
volume_up
Go to album
  • play_arrow

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

Business / Economics

1309 Results / Page 63 of 146

Background
insert_link

Business / Economics

14 June 2024 Morning Biz News: Global Financial Developments: From Loans to Levies, Markets React Amidst Economic Shifts

1. Paratus Namibia Holdings Successfully Raises N$175 Million through Floating-Rate Notes Paratus Namibia Holdings Limited, in collaboration with Cirrus Capital, has achieved a significant milestone in the financial markets with the successful auction of N$175 million in floating-rate notes. Despite facing a total demand of N$557 million, the issuance was fully allocated, underscoring strong investor confidence and appetite for high-quality debt instruments in Namibia's financial landscape. This development marks a […]

todayJune 14, 2024 25

insert_link

Africa

African airlines headed for 100 million passengers milestone

        By Conrad Onyango, bird story agency     African airlines are likely to cross the 100 million passengers mark for the first time in 2025, on the back of an aggressive push to open new routes and increased frequencies by local carriers. The African Airlines Association (AFRAA) projects the passenger numbers will reach 98 million by close of the year 2024 - a 15% rise compared […]

todayJune 13, 2024 14

insert_link

Business / Economics

6-13 June 2024 Weekly Economics Wrap: Namibia’s Fuel Sector Divestment, African Trade Growth, and Global Market Shifts

Namibia: Vitol Emerald Bidco to Divest Service Stations In a bid to uphold fair competition standards, Vitol Emerald Bidco (Pty) Ltd is set to divest from 58 Engen and Shell service stations across Namibia. This move comes as a requirement following Vitol's acquisition of Engen Ltd, with the Namibian Competition Commission imposing the condition to prevent monopolistic dominance. The decision aims to ensure a level playing field in the country's […]

todayJune 13, 2024 19

insert_link

Business / Economics

13 June 2024 Morning Biz News: Biz News Roundup: Key Developments in Property Legislation, Corporate Earnings, Oil Prices, and Currency Movements

  Property Practitioners Bill Introduced in Parliament In a significant legislative move, the Namibian Parliament has introduced the Property Practitioners Bill, aiming to overhaul and modernize the country’s property sector. According to a report by The Brief, this Bill is set to replace the outdated Estate Agents Act of 1976. The proposed legislation will establish the Property Practitioners Regulatory Authority, which is designed to enhance consumer protection and ensure more […]

todayJune 13, 2024 24

insert_link

Business / Economics

US consumer inflation falls ahead of Fed interest rate decision

      By Daniel AVIS     Fresh US consumer inflation data published Wednesday is unlikely to sway the Federal Reserve's plans to leave its key lending rate unchanged, but could alter how many rate cuts policymakers pencil in for this year. The annual consumer price index (CPI) came in at 3.3 percent in May, down 0.1 percentage point from April, the Labor Department said in a statement -- […]

todayJune 12, 2024 23

insert_link

Business / Economics

Trustco Converts Debt to Equity, Plans $100 Million US Capital Raise

Trustco Group Holdings Limited is converting 4.4 billion Namibian Dollars of debt into equity, setting the stage for a planned $100 million US capital raise. This involves exchanging debt owed to Next Capital and Dr. Quinton van Rooyen for new Trustco shares at a premium, anticipated to enhance Trustco's net asset value by approximately 1.5 billion Namibian Dollars. Deputy CEO, Quinton Van Rooyen Junior provided insights into the development.  

todayJune 12, 2024 53

0%