insert_link Africa Global tech giants in Africa AI gold rush By Conrad Onyango, bird story agency Global technology giants including Microsoft, IBM, Huawei, Nvidia, and Google are lining up to tap into a multi-billion dollar opportunity in the nascent Artificial Intelligence (AI) market. The five multinationals tops the list of more than 100 tech companies across the globe that will feature in the ‘AI Everything’ forum in this year’s GITEX Africa 2024, the continent's premier tech and […] todayMay 2, 2024 25
insert_link Business / Economics 25 April-2 May 2024 Weekly Economics Wrap: Insights into Global Economic Developments As the week unfolds, significant economic events and developments have shaped various sectors, both domestically and internationally. Here's a concise overview of the key highlights from the world of economics: 1. OPEC's Potential Collaboration with Namibia: OPEC, the Organization of the Petroleum Exporting Countries, is eyeing potential collaboration with Namibia as the country gears up for its inaugural offshore oil production by 2030. Secretary General Haitham Al Ghais revealed that […] todayMay 2, 2024 8
insert_link Business / Economics 2 May 2024 Morning Biz News: Financial Highlights and Market Updates Momentum Metropolitan Holdings Shines with Strong Earnings Momentum Metropolitan Holdings has kicked off the fiscal year ending December 31 with a resounding success, as evidenced by its robust earnings report for the first half. The company, particularly its operations in Namibia, played a pivotal role in driving this performance. Momentum Metropolitan Africa witnessed a significant surge in normalized headline earnings, largely attributed to increased investment income from Namibia. This underscores […] todayMay 2, 2024 16
insert_link Africa NBA Africa ‘hoops’ into African tech with a startup accelerator By Bonface Orucho, bird story agency The NBA, through its business franchise in Africa, NBA Africa, has stepped onto Africa's tech startup scene, launching an accelerator tailored for early-stage startups in sports and creative industries. In a statement, NBA Africa explained that the initiative, known as the Triple-Double: NBA Africa Startup Accelerator, will support Africa’s tech ecosystem and the next generation of African tech entrepreneurs by […] todayApril 30, 2024 8
insert_link Business / Economics Electric cars pile up at European ports as Chinese firms struggle to find buyers By Tom Stacey, Anglia Ruskin University China’s automotive industry has revolutionised over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes. However, Chinese cars are facing difficulties in finding buyers in Europe. Imported cars, many of which are Chinese electric vehicles, are piling up at […] todayApril 30, 2024 20
insert_link Business / Economics Tesla CEO Elon Musk has just completed a successful trip to China, to get permission to sell his car company’s Full Self-Driving technology Tesla CEO Elon Musk has just completed a successful trip to China, to get permission to sell his car company's Full Self-Driving technology. His trip comes just after Secretary of State Anthony Blinken's visit in a bid to improve communication and relieve tensions between China and the U.S. Caroline Malone reports. todayApril 30, 2024 42
insert_link Business / Economics 30 April 2024 Morning Biz News: Biz News Recap: Insights into Global Economic Developments Namibia's Beef Exports Surge in Q1 2024: Namibia's beef exports saw a significant uptick in the first quarter of 2024, with official figures indicating a total export volume of 2.9 million kilograms. The Brief reported that nearly half of these exports, approximately 1.27 million kilograms, were destined for the European Union. This surge in beef exports reflects Namibia's growing role in the global meat market. South Africa's Rand Strengthens: South […] todayApril 30, 2024 19
insert_link 2 Business / Economics EXCLUSIVE INTERVIEW; Navigating the Impact of Rising Fuel Prices and Electricity Tariffs: Insights from Josef Kefas Sheehama In the midst of economic challenges and the aftermath of the COVID-19 pandemic, Namibians are grappling with the harsh reality of increasing fuel prices and electricity tariffs. Josef Kefas Sheehama, an observer of socioeconomic trends, sheds light on the pressing issues facing many households in Namibia and offers perspectives on the road ahead. Sheehama begins by acknowledging the significant burden that rising fuel and electricity costs place on individuals already […] todayApril 30, 2024 16 2
insert_link Business / Economics Namcor signs deal with Chevron for offshore exploration The National Petroleum Corporation of Namibia has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited, a subsidiary of Chevron Global Energy Inc. This agreement will see CNEL acquire an 80 percent operating working interest in Petroleum Exploration License 82, that is located in the Walvis Basin, offshore Namibia. Here is NamCor Manager Of Marketing, Communications, and Public Relations, Paulo Coelho. todayApril 29, 2024 68