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

Business / Economics

1232 Results / Page 71 of 137

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Business / Economics

24 April Morning Biz News: Namibia’s Exchange Control Policies Pose Challenges to Oil and Gas Sector Expansion

The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia's stringent exchange control policies potentially hindering the country's ambitious plans for its burgeoning oil and gas sector. Despite Namibia's efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations. Namibia has been actively seeking to […]

todayApril 24, 2024 35

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Business / Economics

Standard Bank’s Thomas Koneka Iindji dies aged 44

Renowned banker and former Namibia Chamber of Commerce and Industry Northern Branch Chairperson, Thomas Koneka Iindji, has died aged 44. This, according to the Namibia Press Agency, was confirmed by a family member, saying that Iindji died on Tuesday in Windhoek. At the time of his death, he held the position of Head of Business and Commercial Banking at Standard Bank, a position he assumed in February this year. He […]

todayApril 23, 2024 107

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Business / Economics

Trustco increases stake in Legal Shield Holdings

Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million.  The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning […]

todayApril 23, 2024 54

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Africa

South Africans uncertain about two-pot retirement system

The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter.

todayApril 23, 2024 38

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Business / Economics

Namibian Competition Commission accuses banks of price-fixing

The Namibian Competition Commission has accused the Payments Association of Namibia and several commercial banks of colluding in price-fixing activities related to card transaction fees. According to the Commission, the banks, which are competitors in the market, allegedly colluded with PAN to collectively set interchange fees, a practice deemed anti-competitive and prohibited by law. Here is the NaCC spokesperson Dina //Gowases with more details.

todayApril 23, 2024 56

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Business / Economics

MeerKAT: the South African radio telescope that’s transformed our understanding of the cosmos

Some of the satellite dishes that make up the MeerKAT. South African Radio Astronomy Observatory (SARAO)   By Ed Elson, University of the Western Cape   South Africa’s Karoo region is a vast semi-arid area that stretches across four of the country’s provinces. It is sparsely populated and renowned for its wide open spaces. In the heart of this landscape, near the small Northern Cape town of Carnarvon, the South African […]

todayApril 23, 2024 15

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Business / Economics

EXCLUSIVE INTERVIEW: Experience the Vibrant Spirit of Luderitz: A Festival Season Like No Other

  As the coastal breeze carries the promise of excitement, Luderitz prepares to dazzle locals and visitors alike with its annual festival season. Mayor Philip Balhao invites you on a journey through the vibrant events and cultural celebrations that await in this lively coastal town. The festivities kick off with the highly anticipated Miss Crayfish Festival on April 26th, where last year's winner, Margareth Negumbo, takes center stage as she […]

todayApril 23, 2024 92

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Business / Economics

23 April 2024, Moring Biz News: Biz News Update: Key Developments in Agriculture, Currency Markets, and Commodities

  Namibian Cereal Production Faces Significant Decline: The Ministry of Agriculture, Water, and Land Reform in Namibia has projected a substantial decrease in cereal production, primarily due to unpredictable rainfall patterns and prolonged dry spells. The commercial farming sector is particularly affected, with an estimated harvest of only 35,200 metric tons. This marks a drastic 68% decrease compared to last season's production levels, highlighting the challenges faced by the agricultural […]

todayApril 23, 2024 17

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Business / Economics

Capricorn Corner earns ‘Green Building Certification’

The Capricorn Corner building, Capricorn Group's state-of-the-art office facilities in Klein Windhoek, earned EDGE Advanced green building certification, the green building certification from the International Finance Corporation, the private sector arm of the World Bank Group. The certification, presented by EDGE certification partner - Green Business Building Certification Inc. marks the first internationally recognised operational building to be EDGE-certified in Namibia. This achievement also preludes this year's World Earth Day, […]

todayApril 22, 2024 55

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