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

Business / Economics

1309 Results / Page 64 of 146

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Business / Economics

12 June 2024 Morning Biz News: “Market Dynamics Shift: Vitol Divests, Rand Strengthens, Nigeria Explores LNG, Dollar Steadies”

Fair Competition Ensured as Vitol Emerald Bidco Divests from Service Stations in Namibia In a move to uphold fair competition in Namibia's fuel market, Vitol Emerald Bidco (Pty) Ltd has announced its decision to divest from 58 Engen and Shell service stations. This decision comes in the wake of its acquisition of Engen Ltd and is in compliance with conditions set by the Namibian Competition Commission. The aim behind this […]

todayJune 12, 2024 17

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Business / Economics

PowerCom Enhances Connectivity in Namibia

PowerCom CEO, Beatus Amadhila announced plans to improve connectivity in Namibia by installing 80m guyed lattice towers in several regions. Two towers are already built, with more planned in Ikumwe, Nakabolelwa, Mutikitila, and additional locations. PowerCom aims to construct 29 towers at a cost of N$32.5 million in 2023/24, aiming to achieve 70% of this plan. These efforts will boost network capabilities and digital access across communities.

todayJune 11, 2024 29

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Africa

African countries could unlock billions in local and global trade – what’s working and what’s not

          By Bedassa Tadesse, University of Minnesota Duluth     Africa’s share of global trade remains disproportionately small, hovering around 2%-3%. Countries on the continent trade more with the rest of the world than they do among themselves. Africa needs to improve its share of trade to boost growth and reduce poverty. Aid for Trade is a development initiative that seeks to remove barriers to trade […]

todayJune 11, 2024 15

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Business / Economics

11 June 2024 Morning Biz News: Biz News Update: Q1 2024 Highlights and Key Financial Indicators

  Namibia's Pork Production Surge In the first quarter of 2024, Namibia's local fresh and processed pork production achieved a significant milestone, meeting 49.4% of the nation's consumption demands. This progress towards self-sufficiency was reported by the Brief, highlighting the country's efforts to bolster its domestic agricultural capabilities. The Livestock of Namibia Board noted a substantial 10.3% increase in the number of pigs slaughtered, rising to 12,253 from just over […]

todayJune 11, 2024 25

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Business / Economics

Old Mutual Foundation avails N$800 000 in seed capital funding for grassroots entrepreneurship

      The Old Mutual Foundation, in partnership with Basecamp and the Financial Literacy Initiative (FLI), has announced the 40 shortlisted candidates for the OM SEED Entrepreneurship Programme. This initiative aims to foster entrepreneurship, accelerate economic growth, and address the Sustainable Development Goals (SDGs) in Namibia. This year, the program focuses on entrepreneurs in the Ohangwena, Oshikoto, Zambezi, and Kavango West regions. By 2025, OM SEED will have reached […]

todayJune 10, 2024 60

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Business / Economics

10 June 2024 Morning Biz News: Business News Highlights: Namibia’s Ocean as Economic Pillar, Volkswagen’s Power Supply Challenges, Oil Price Decline, and Euro’s Reaction to Macron’s Election Call

Namibia’s Ocean: A Vital Economic Resource President Nangolo Mbumba has underscored the significance of Namibia's ocean, describing it as a crucial economic resource for the country. Annually, the ocean generates N$10 billion and contributes 5% to Namibia's GDP. According to The Brief, Mbumba emphasized that this vital asset supports thousands of jobs and ensures food security but is under significant threat from climate change and human activities. The president called […]

todayJune 10, 2024 18

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Business / Economics

Anti-Corruption Commission and Namibia Chamber of Commerce host seminar to promote integrity in business

    The Anti-Corruption Commission in collaboration with the Namibia Chamber of Commerce and Industry held a private sector Ethical Behaviour in Business Seminar under the theme "Building a Culture of Integrity: Collaborative Solutions for a Corruption Free Sector”, with the aim to promote anti-corrupt practices, within the private sector.   SME Compete Director, Danny Meyer, Speaks:

todayJune 6, 2024 33

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Business / Economics

How Dangote refinery is flipping the script on Africa’s oil

      By Bonface Orucho, bird story agency     Nigeria's Dangote refinery, a 650,000 barrels per day facility, has recently exported its first-ever jet fuel cargo to Europe, a move that signals not just growing production, but Africa's potential to become a major player in the global petroleum market. S&P Global in a report on May 30 explains that Bp, a British multinational oil and gas company, transported […]

todayJune 6, 2024 40

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Business / Economics

30 May 2024-6 June 2024 Weekly Economics Wrap

Weekly Economic Wrap: Navigating Regional and Global Trends In the ever-shifting landscape of global economics, the past week has brought forth a tapestry of developments across African and international markets, encapsulating both challenges and opportunities. From Namibia's soaring trade volumes to Nigeria's capital strengthening initiatives, and from South Africa's electoral ripples to international oil market dynamics, here's a comprehensive recap of the key economic events shaping the narrative: Namibia: Trade […]

todayJune 6, 2024 18

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