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

Business / Economics

1232 Results / Page 72 of 137

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Business / Economics

About 10 billion barrels of oil discovered off Namibia’s coast

An estimated 10bn barrels of oil has been discovered in Namibia, Portuguese oil company Galp Energia has said. The company told Bloomberg News that it had made the potential find after concluding its first phase of oil exploration in the Mopane field off Namibia's coast. Vast oil and gas reserves have been discovered in Namibia's Orange Basin, where Mopane is located, in recent years. Namibia is eyeing an entry into […]

todayApril 22, 2024 94

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Business / Economics

South Africa’s security forces once brutally entrenched apartheid. It’s been a rocky road to reform

    By Sandy Africa, University of Pretoria   One of the important tasks that faced South Africa’s democratic government after 1994 was to reform the apartheid-era security apparatus. The African National Congress (ANC), which was voted into power, had a laudable vision in the 1990s for reforming the police, military and intelligence services. Determined that South Africans would never again be subject to the brutality of the security forces, […]

todayApril 22, 2024 28

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Business / Economics

EXCLUSIVE INTERVIEW: Local Labor Expert Herbert Jauch on Otjikoto B2Gold: A Perspective on Recent Retrenchments

Namibia, a nation already grappling with a significant unemployment crisis, received sobering news with the announcement of retrenchments at the B2Gold Mine. Herbert Jauch, a local labor expert, weighs in on the implications of this development for the country's workforce and economy. Jauch begins by highlighting the severity of the situation, emphasizing that Namibia's unemployment rate is already alarmingly high. The prospect of further job losses exacerbates an already challenging […]

todayApril 22, 2024 26

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Business / Economics

22 April 2024 Morning Biz News: MortgageMarket Expands Horizons: Launches Operations in Namibia, Spearheading Accessible Home Loans Beyond South Africa

MortgageMarket, a pioneering online home-loan marketplace platform based in South Africa, has embarked on an ambitious expansion strategy by launching operations in Namibia. Founded in 2019 by Tim Akinnusi, a seasoned banking executive, the platform has revolutionized the process of securing financing for property acquisitions, catering to the needs of customers, property developers, and estate agents alike. The move into Namibia marks a significant milestone for MortgageMarket, as it extends […]

todayApril 22, 2024 20

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Business / Economics

19 April 2024 Morning Biz News: Highlights and Financial Indicators

1. Namibia's Green Industrialization Drive: Namibia is at the forefront of a pioneering effort to repurpose its rail assets, with the aim of driving green industrialization. James Mnyupe, Green Hydrogen Commissioner, emphasizes the country's strategic geographic location and abundant renewable energy sources as key drivers for sustainable economic development. 2. Job Cuts in South Africa's Mining Sector: Sibanye Stillwater has announced plans to shutter its 4 Belt shaft at Marikana, […]

todayApril 19, 2024 14

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Business / Economics

Namibia Breweries Limited receives double honour for revenue contribution in 2023

Namibia Breweries Limited has been awarded the “Overall Highest Trader Revenue Contribution” for the year 2023 by the Namibia Revenue Agency showcasing the NBL’s tax compliance and overall positive contribution to the development of the local economy. NBL was awarded in the category of the “Highest Contributor of Customs and Excise,” which relates to the revenue collected mainly on customs and excise duties and Value Added Tax for the period […]

todayApril 18, 2024 56

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Business / Economics

Verime and ReferredBy lead Namfisa’s financial Sandbox initiative

The Namibia Financial Institutions Supervisory Authority has signed testing agreements with Verime and Referred By, making them the first participants in its Regulatory Sandbox programme for the non-bank financial institution sector. NAMFISA's Regulatory Sandbox is a pioneering initiative demonstrating its commitment to fostering a vibrant, secure, and inclusive financial landscape that empowers both consumers and innovators. NAMFISA spokesperson Victoria Muranda. The programme serves as a controlled environment for live tests […]

todayApril 18, 2024 37

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