insert_link 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 53
insert_link 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 14
insert_link 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 53
insert_link 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 16
insert_link 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 20
insert_link Business / Economics 20 May 2024 Morning Biz News: Business News Roundup: Poultry Imports Resumed, Inflation Stability, and Global Market Trends In the dynamic world of business, staying abreast of the latest developments is essential for informed decision-making. Here’s a roundup of recent noteworthy events shaping the business landscape: Poultry Imports Ban Lifted in Namibia The Directorate of Veterinary Services, under Namibia's Ministry of Agriculture, Water, and Land Reform, has announced the lifting of the ban on poultry meat imports from South Africa. This decision comes with specific conditions to […] todayMay 20, 2024 9
insert_link Business / Economics Business Researcher Josef Sheehama’s Insights on Parastatals: TransNamib’s Role in Namibia’s Economic Revival In a recent interview, business and economics researcher Josef Sheehama shed light on the pivotal role of parastatals, particularly TransNamib, in shaping Namibia's economic landscape. Sheehama's analysis delves into the intricate relationship between state entities, employment, trust, and economic growth, offering valuable insights for policymakers and stakeholders alike. At the heart of Sheehama's discourse lies the nexus between trust and employment within parastatals. He underscores the significance of TransNamib […] todayMay 20, 2024 17
insert_link Business / Economics President Mbumba secures commitments for green hydrogen sales in Europe President Nangolo Mbumba led Namibia’s delegation at the World Hydrogen 2024 Summit and Exhibition in Rotterdam, Netherlands. Namibia is progressing with plans to establish an ammonia bunkering hub and a green hydrogen-powered train to reduce emissions in shipping and logistics. President Mbumba says these initiatives will minimise scope 2 and scope 3 emissions from goods and commodities transported via Namibia’s ports. He commended the government’s efforts through the Green Hydrogen […] todayMay 17, 2024 95
insert_link Business / Economics 17 May 2024 Morning Biz News: Global Financial Landscape: Insights from Namibia to Asia In the dynamic world of finance, each day unveils a new narrative, weaving together the intricate threads of economic indicators and market movements. From the southern tip of Africa to the bustling trading floors of Asia, the past week has been a tapestry of noteworthy developments that offer insights into the global financial landscape. 1. Namibia Revenue Agency's Surprising Triumph The Namibia Revenue Agency (NamRA) has emerged as a beacon […] todayMay 17, 2024 23