insert_link Business / Economics 5 June 2024 Morning Biz News: Global Economic Landscape: Namibia’s Walvis Bay Leads Trade, Rand Dips Amid Political Shifts, Nigerian Banks Adapt, and Markets Tread Cautiously Namibia's Walvis Bay Harbour Emerges as Leading Trade Gateway In April, Walvis Bay Harbour solidified its position as Namibia's premier trade gateway, boasting the highest trade volumes for both exports and imports among the country's ports. According to data from The Brief, the Namibia Statistics Agency reported that Walvis Bay Harbour managed a staggering N$3.8 billion in exports and N$5.2 billion in imports during the month. This significant achievement underscores […] todayJune 5, 2024 14
insert_link Business / Economics RMB Namibia Leads Syndicated Loan for Navachab Mine Expansion RMB Namibia has been appointed by QKR Navachab to arrange a USD155 million syndicated loan from Namibian and South African banks. The loan, aimed at funding the mine’s expansion program, will significantly increase gold output, contributing to Namibia’s economic sustainability. RMB will also provide risk management solutions to optimize the mine’s exposure to various factors. Jason Shikalepo, Head of Investment Banking at RMB Namibia, offers further details. todayJune 5, 2024 97
insert_link Business / Economics Airbus to unveil combat drone to accompany fighter jets European planemaker Airbus was on Wednesday to unveil a full-scale model of a fighter drone dubbed "Wingman" and designed to accompany manned combat aircraft on risky missions. The model will be on display at the ILA Berlin Air Show, Germany's largest aerospace show, from June 5 to 9. "The Wingman is intended to augment the capabilities of current manned combat aircraft with uncrewed platforms that can carry […] todayJune 4, 2024 63
insert_link Business / Economics 4 June 2024 Morning Biz News: Navigating the Winds of Change: Biz News Update In the ever-evolving landscape of global finance and politics, staying abreast of the latest developments is paramount for investors and businesses alike. Here’s a snapshot of the recent buzz in the business world: 1. First Capital Group’s Potential Listing on Namibian Stock Exchange First Capital Group finds itself at a crossroads, contemplating a listing on the Namibian Stock Exchange. The move comes in the wake of a lukewarm response […] todayJune 4, 2024 28
insert_link Business / Economics Airlines’ Profit Projections Improve for 2024 The International Air Transport Association has upgraded its profitability forecasts for airlines in 2024, surpassing its June and December 2023 projections. Despite this positive outlook, the global airline industry still struggles to achieve returns above the cost of capital. Net profits are expected to rise to $30.5 billion in 2024. IATA's Public and Media Relations Advisor, Linden Birns. todayJune 4, 2024 64
insert_link Business / Economics Private Sector Credit Growth Remains Modest in April In April, private sector credit extension grew by 1.6% year-on-year, showing a slight improvement from the 1.3% growth recorded in March. However, this figure represents a significant decline from the 2.5% year-on-year growth seen in April 2023. The PSCE growth rate remains below the six-month moving average and is the second-lowest rate recorded in 2024. Simonis Storm Economist- Halleluya Ndimulunde. todayJune 4, 2024 78
Africa Africa’s green bond market is booming – report By Bonface Orucho, bird story agency Green bonds are experiencing robust growth in Africa as governments, corporations, and financial institutions recognize their potential to fund sustainable projects. A new report shows green bond issuances in Africa jumped 125% last year, hitting US$1.4 billion from US$600 million in 2022. The report, ‘Emerging Market Green Bonds’ by the International Finance Corporation and Amundi, a European asset manager […] todayJune 3, 2024 26
insert_link Business / Economics 3 June 2024 Morning Biz News: Market Insights: Choppies Leads Grocery Affordability, South Africa’s Political Landscape Sparks Market Jitters, Saudi Aramco’s Secondary Share Offering, and Dollar Softens Amid Stable U.S. Inflation 1. Grocery Supermarket Comparison: Choppies Leads Affordability Among the seven prominent grocery supermarkets in Windhoek, Choppies has consistently emerged as the most affordable option for standard groceries. According to recent data from The Brief, Choppies reaffirmed its position in May by offering the most cost-effective basket of standard groceries. The overall basket price decreased by 2.6% compared to the previous month, primarily attributed to a drop in vegetable prices per […] todayJune 3, 2024 22
insert_link Business / Economics First National Bank of Namibia has launched a portable card payment solution First National Bank of Namibia has launched a portable card payment solution for businesses known as Speedee. According to FNB, Speedee is a cost-effective, convenient, and compact point-of-sale device that allows merchants to accept payments anywhere and anytime, making managing their businesses more efficient. Benefits of Speedee include dual SIM and wireless connectivity, technical support - offered telephonically across the country, an E-receipting system, daily activity reports, and […] todayMay 31, 2024 92