insert_link Africa New e-mobility policies are pushing EV fleet expansions in Africa By Bonface Orucho, bird story agency African countries are welcoming a new era of more robust e-mobility policies as countries seek to scale their electric vehicle (EV) fleets after successful tests and pilots. According to Lusanda Madikizela, the head of Zero Emission Transport at C40 Cities in South Africa, better policies provide confidence for investors, manufacturers and operators. “Manufacturers need policy certainty so they can adjust specifications... financiers […] todayApril 16, 2024 68
insert_link Business / Economics Bank of Namibia Monetary Policy Committee Announcement Set for April 17 The upcoming Bank of Namibia Monetary Policy Committee announcement is slated for April 17. Notably, the Bank of Namibia's most recent interest rate decision maintained the Repo Rate at 7.75 percent. In comparison, the South African Reserve Bank's repo rate presently sits at 8.25 percent. Economist Robert McGregor from Cirrus Capital provided insights into the matter. todayApril 16, 2024 35
insert_link Business / Economics UNam expert talks Rising Cost of Living Challenges The escalating cost of living, both locally in Namibia and worldwide, has presented enduring challenges, making essentials like food and water unaffordable for many. Governments are grappling with aiding citizens in meeting these basic needs on a daily basis. Dr. Basilius Kasera, a faculty member in Human Sciences at UNam, provides his perspective on one possible solution. todayApril 16, 2024 39
insert_link Business / Economics TransNamib Names Desmond Ernst van Jaarsveld as New CEO TransNamib has declared the selection of Desmond Ernst van Jaarsveld as its incoming Chief Executive Officer, commencing tomorrow April 17. Formerly holding the position of managing director at DP World, van Jaarsveld succeeds Webster Gonzo, who has served as the interim CEO since the past year. TransNamib spokesperson Abigail Raubenheimer provided the announcement. todayApril 16, 2024 122
insert_link Business / Economics 16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […] todayApril 16, 2024 35
insert_link Business / Economics S.A’s Central Energy Fund’s mid-month data predicts petrol prices to increase for the fourth consecutive month in May S.A's Central Energy Fund's mid-month data predicts petrol prices to increase for the fourth consecutive month in May, with an anticipated under-recovery of around 30-cents-per-litre. However, diesel prices are expected to decrease, with an over-recovery of approximately 28-cents-per-litre. The anticipated increase sees 93 octane petrol rising by 30-cents-per-litre and 95 octane by 31-cents-per-litre. Meanwhile, diesel wholesale is expected to have a decrease of 26 to 31-cents-per-litre todayApril 16, 2024 15
insert_link Business / Economics Industrialisation Ministry holds Erongo region consultations The Ministry of Industrialisation and Trade is undertaking public consultations in the Erongo Region today on three key legislative and policy documents in a clustered form to get inputs from all stakeholders. Here is the Ministry's spokesperson Elijah Mukubonda. todayApril 15, 2024 48
insert_link Business / Economics Apple loses top phone-maker title to Samsung Apple's smartphone shipments have dropped about 10% in the first quarter of 2024, hurt by intensifying competition by Android smartphone makers aiming for the top spot. Julian Satterthwaite reports for Reuters. todayApril 15, 2024 54
insert_link Africa AGOA-AfCFTA to offer a trade highway to the US until 2041 By Seth Onyango, bird story agency Forty African nations could have duty-free access to U.S. markets until 2041, as Congress considers a bipartisan bill extending the African Growth and Opportunity Act (AGOA). Senators Chris Coons (D-Delaware) and James Risch (R-Idaho) tabled a revised AGOA Renewal and Improvement Act of 2024 in Congress, which now explicitly integrates it with the African Continental Free Trade Agreement (AfCFTA). This alignment […] todayApril 15, 2024 40