Electric cars pile up at European ports as Chinese firms struggle to find buyers

By Tom Stacey, Anglia Ruskin University China’s automotive industry has revolutionised over the past decade, from producing basic western clones to making cars that equal the world’s best. As the manufacturing powerhouse of the world, China is also producing them in huge volumes. However, Chinese cars are facing difficulties in finding buyers in Europe. Imported cars, many of which are Chinese electric vehicles, are piling up at […]

April 30, 2024 21

Business / Economics

Tesla CEO Elon Musk has just completed a successful trip to China, to get permission to sell his car company’s Full Self-Driving technology

Tesla CEO Elon Musk has just completed a successful trip to China, to get permission to sell his car company's Full Self-Driving technology. His trip comes just after Secretary of State Anthony Blinken's visit in a bid to improve communication and relieve tensions between China and the U.S. Caroline Malone reports.

April 30, 2024 53

Business / Economics

30 April 2024 Morning Biz News: Biz News Recap: Insights into Global Economic Developments

Namibia's Beef Exports Surge in Q1 2024: Namibia's beef exports saw a significant uptick in the first quarter of 2024, with official figures indicating a total export volume of 2.9 million kilograms. The Brief reported that nearly half of these exports, approximately 1.27 million kilograms, were destined for the European Union. This surge in beef exports reflects Namibia's growing role in the global meat market. South Africa's Rand Strengthens: South […]

April 30, 2024 22

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Business / Economics

EXCLUSIVE INTERVIEW; Navigating the Impact of Rising Fuel Prices and Electricity Tariffs: Insights from Josef Kefas Sheehama

In the midst of economic challenges and the aftermath of the COVID-19 pandemic, Namibians are grappling with the harsh reality of increasing fuel prices and electricity tariffs. Josef Kefas Sheehama, an observer of socioeconomic trends, sheds light on the pressing issues facing many households in Namibia and offers perspectives on the road ahead. Sheehama begins by acknowledging the significant burden that rising fuel and electricity costs place on individuals already […]

April 30, 2024 19 2

Business / Economics

Namcor signs deal with Chevron for offshore exploration

The National Petroleum Corporation of Namibia has signed a Farm-Out Agreement with Chevron Namibia Exploration Limited, a subsidiary of Chevron Global Energy Inc. This agreement will see CNEL acquire an 80 percent operating working interest in Petroleum Exploration License 82, that is located in the Walvis Basin, offshore Namibia. Here is NamCor Manager Of Marketing, Communications, and Public Relations, Paulo Coelho.

April 29, 2024 73

Business / Economics

29 April 2024 Morning Biz News: Biz News Roundup: Landlords Seize Opportunity, Rand Strengthens, Nigeria Secures Investment, and Dollar Hits High

Namibian Landlords Capitalize on Rental Demand Surge: Landlords in Namibia are making the most of increased demand for rental properties by raising deposits, as reported by the FNB Rent Price Index. Despite a slight decline in deposit growth in the fourth quarter of 2023 compared to the previous quarter, it remained significantly higher than the same period in 2022. This trend reflects the buoyancy of the rental market amidst changing […]

April 29, 2024 22

Business / Economics

NBL updates President Nangolo Mbumba on Distell integration

Namibia Breweries Limited’s Board Directors and Management Leadership Team paid a courtesy vist to President Nangolo Mbumba at the State House on Wednesday. The purpose of the visit was to update the President on the successful integration of Distell Namibia into NBL and the investments done so far to produce and pack wine and cider at NBL. NBL Corporate Affairs Manager Surihe Gaomas-Guchu.

April 26, 2024 39

Business / Economics

U.S. economy grew at a slower pace than expected in the first three months of the year.

The U.S. economy grew at a slower pace than expected in the first three months of the year. Analysts saw elevated interest rates and stubborn inflation are the major headwinds. William Denselow reports from New York.

April 26, 2024 48

Business / Economics

26 April 2024 Morning Biz News: Economic Insights: Tourism Boost, Corporate Deals, Regulatory Clarity, and Currency Trends

By Leonard Witbeen Tourism Sector Vitality: Namibia's tourism sector emerges as a cornerstone of economic vitality, with direct contributions amounting to 6.9% of the GDP, totaling N$14.3 billion. The recently released 2022 Namibia Tourist Satellite Account Report sheds light on the sector's robustness, revealing its employment of 57,277 individuals, constituting 7.9% of the country's total workforce. Corporate Merger Scrutiny: South Africa's government closely examines BHP Group's proposed acquisition of Anglo […]

April 26, 2024 24

Business / Economics