Business / Economics Archives - Page 74 of 184

21 October 2024 Morning Biz News: October Highlights and Financial Indicators

In October, Pupkewitz Megabuild reported a significant year-on-year decline in its basket value, setting it apart among the four major hardware stores in Windhoek, as noted in The Brief survey. The store experienced a 15.25% decrease in basket value compared to October 2023, although there was a slight month-on-month increase of 0.15%. In global economic news, Russian President Vladimir Putin announced that the BRICS group is expected to lead […]

21 October, 2024

Business / Economics

Windhoek Approves 1,423 Building Plans in this year Despite Slight Decline in Units

The City of Windhoek has approved 1,423 building plans so far this year, totaling N$1.62 billion, according to the latest data. IJG Securities reports that this reflects a 1.9% decrease of 27 units compared to the same period last year. However, the overall value of the approvals has experienced a notable increase of 56.7%. Here's the local authority's Lydia Amutenya:

21 October, 2024

Business / Economics

China’s Q3 GDP hits weakest pace since early 2023

China's economy grew at the slowest pace since early 2023 in the three months to September, according to data released on Friday. The property sector remains a big challenge for Beijing as it tries to boost growth. Laura Westbrook has more from Hong Kong.

18 October, 2024

Business / Economics

Women in Mining Summit Concludes, Aims to Empower Female Entrepreneurs in Energy and Extractive Sectors

Namibia's inaugural Women in Mining Summit, under the theme "Empowerment through Excellence: Leading Change in Extractive & Energy Sectors," recently concluded in Windhoek. The summit aimed to connect women entrepreneurs with industry leaders, investors, and financiers, fostering partnerships to drive innovation and transformation in these key industries.. Zenzi /Awases the organization's president.

18 October, 2024

Business / Economics

18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits

The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […]

18 October, 2024

Business / Economics

National accounting summit kicks off in Windhoek

The Institute of Chartered Accountants of Namibia's National Accounting Summit 2024 is underway in Windhoek, under the theme, "Shaping the Future of Accounting through Influence and Innovation." Here is Fenni Nghikevali, the CEO of the Institute of Chartered Accountants of Namibia. Nghikevali also explains the challenges they are faced with.

17 October, 2024

Business / Economics

Weekly Economics Wrap: 10-17 October: Key Developments in Air Travel, Banking, and Global Markets

Air Connect Namibia Delays Launch of Flights Air Connect Namibia has announced a delay in the planned launch of Air Botswana's connecting flights between Gaborone and Windhoek, initially scheduled for October 1. The flights, connecting Maun, Gaborone, Kasane, and Windhoek, are postponed, with details on a new launch date yet to be provided. This delay marks a setback for travel connectivity between Namibia and Botswana. Bank of Namibia Lowers Interest […]

17 October, 2024

Business / Economics

Airbus to cut 2,500 jobs

Airbus will cut up to 2,500 jobs in its defence and space division, the airspace giant announced on Wednesday. The company blamed the move on a "complex business environment", citing rising costs and "rapid changes in warfare." Here's Sally Patterson with more.

17 October, 2024

Business / Economics

September Vehicle Sales Drop As Rental Purchases Plummet

Vehicle sales in September reached 988 units, continuing a two-month decline. Out of these, 978 were sold to dealerships, 10 to rental agencies, and none to the government. Rental agency purchases saw a sharp drop, falling from 141 units in July to just 10 in September. The overall market was mainly sustained by sales in the commercial vehicle segment. Simonis Storm Economist: Almandro Jansen:

17 October, 2024