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 71 of 146

Background
insert_link

Business / Economics

Paratus Namibia Holdings doubles market capital with N$ 600 million raise

Paratus Namibia Holdings Limited (PNH) has successfully raised over N$600 million through its recent Rights Issue and investment drive. The capital infusion has effectively doubled the company's market capital on the NSX.  The company says the raised capital was sourced from a diverse group of investors, including the Paratus Group (61,9%), Paratus employees (2,6%), institutional investors (34%), and retail investors (1,5%). Paratus Namibia Managing Director Andrew Hall adds that the […]

todayMay 16, 2024 99

insert_link

Business / Economics

9-16 May Weekly Economic Wrap: Diverse Trends Unfold Across Africa and Beyond

  In the dynamic landscape of African and international economies, the past week has witnessed a plethora of developments, from notable milestones to significant shifts in key sectors. Here's a comprehensive roundup of the latest economic highlights: Namibia: Private Sector Credit Declines, Port Authority Achieves Milestone Official data from Namibia reveals a substantial decline of 65.7% in private sector credit disbursements over the past year, totaling N$1.44 billion compared to […]

todayMay 16, 2024 21

insert_link

Business / Economics

16 May 2024 Morning Biz News: Global Economic Updates: Tourism Booms in Namibia, Rand Maintains Momentum, Nigeria Faces Inflation Challenges, Dollar Slumps

In March 2024, Namibia experienced a remarkable surge in hotel bookings, with over 26 thousand rooms reserved, marking a substantial 19.1% increase compared to the same period last year. This surge in bookings was primarily driven by coastal destinations, signaling a promising trajectory for the country's tourism sector. The coastal regions, renowned for their scenic beauty and diverse attractions, attracted a significant influx of visitors, contributing to the overall growth […]

todayMay 16, 2024 12

insert_link

Africa

Nigeria suspends cybersecurity law

Nigeria has suspended a planned levy on electronic transfers to fund cybersecurity. The Central Bank of Nigeria had in a circular last week directed all banks and mobile money operators to charge 0.5% of the value of electronic transfers as a cybersecurity levy. Ajeck Mangut reports.

todayMay 15, 2024 29

insert_link

Africa

Kenya’s Evolving Credit Landscape Highlights Drive for Financial Inclusion

      Kenya’s economic landscape showcased remarkable resilience in the latter part of 2023, with gross domestic product (GDP) growth coming in at 5.9% in the third quarter of 2023, compared to 4.3% in the corresponding quarter of 2022. Against this backdrop, TransUnion Kenya’s latest Q4 2023 Kenya Credit Industry Insights Report showed a state of flux in the credit market, shaped by macroeconomic shifts, consumer behaviour changes and technological advancements. […]

todayMay 15, 2024 15

insert_link

Business / Economics

15 May 2024 Morning Biz News: Africa’s Green Hydrogen Initiative, Rand’s Fluctuations, and Oil Price Surge: A Snapshot of Recent Financial Trends

  As the global economy navigates through various challenges and opportunities, the financial landscape witnesses dynamic shifts influenced by diverse factors ranging from economic policies to natural disasters. Here's a roundup of the latest developments shaping the business world: Africa's Green Hydrogen Pipeline Initiative: President Nangolo Mumba's announcement of a groundbreaking collaboration between Namibia and South Africa marks a significant stride towards sustainable energy development in the region. The partnership, […]

todayMay 15, 2024 14

insert_link

Africa

Zambia begins debt restructuring process

Zambia’s international bondholders should quickly complete the restructuring of the notes after the government announced the start of the process, says International Monetary Fund Managing Director Kristalina Georgieva. Bloomberg Africa reports that the government of Africa’s first pandemic-era sovereign defaulter will meet eurobond investors on June 4th to ask them to approve exchanging what’s grown to almost $3.9 billion of debt for new instruments.

todayMay 14, 2024 13

insert_link

Business / Economics

Namport sets new cargo record

The Namibian Ports Authority has set a new record, handling 8 million tonnes of cargo in the fiscal year ending 31 March 2024, marking a 4% increase from the previous year. Major exports include, bulk salt saw a growth of 10%, copper concentrate 12%, bagged salt 1%, frozen fish 29%, manganese ore 15.7%, zinc/lead concentrates 2.9% and marble 41%. The Corporate Communications Manager at Namport, Taná Pesat explains. With regards […]

todayMay 14, 2024 37

0%