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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 77 of 184

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Business / Economics

Namibia Special Risks Insurance Association Achieves Record Profit and Growth in Reserves

The Namibia Special Risks Insurance Association has reported a record profit after tax of N$103 million for the period ending March 31, 2024, marking the first time in its history that net profit has exceeded N$100 million. The organization’s reserves rose from N$709 million to N$802 million, reflecting the increased profits earned during the year. NASRIA’s Limited Insurance revenue also grew by 9%, increasing from N$77 million in 2023 to […]

today11 October, 2024

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Business / Economics

11 October 2024 Morning Biz News: GIPF Investment, Currency Movements, and Tesla’s Latest Tech Unveil

GIPF Injects N$1.4 Billion Into Otjozondjupa Region's Economic Growth The Government Institutions Pension Fund (GIPF) has made a significant contribution to the economic development of the Otjozondjupa Region by investing N$1.4 billion. According to reports from The Brief, the fund’s investment is channeled into key sectors such as pharmaceuticals, renewable energy projects, and improving access to home loans for residents. This substantial injection of capital is expected to spur growth […]

today11 October, 2024

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Business / Economics

Namibia and the U.S. Sign MoU Aiming To Enhance Renewable Energy Cooperation

Namibia and the United States signed a Memorandum of Understanding to enhance cooperation in the Renewable Energy sector. The agreement, signed by the Mines and Energy minister Thomas Alweendo and U.S. Ambassador Randy Berry, aims to improve the impact of renewable energy programs and increase efficiency for better developmental outcomes. The ministry's Ten Hashisohange Hasheela:  

today11 October, 2024

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Business / Economics

Julius Malema Calls for VAT Reduction to 14% Amid Economic Struggles in South Africa

To South Africa, where EFF leader Julius Malema has called for Value Added Tax to be reduced to 14-percent due to South Africa’s struggling economy. Malema also emphasised strengthening the South African Revenue Services for economic transformation and addressing illicit financial flows, corruption, and maladministration. In addition, he criticised the National Treasury, claiming it undermines wealth transfer to the African majority:  

today11 October, 2024

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Business / Economics

3-10 October 2024 Weekly Economics Wrap: Domestic Activity Declines, South Africa’s LPG Boom, and Global Financial Developments

Economic activity in Namibia showed signs of a slowdown in the second quarter of 2024, with business registrations declining by 34% compared to the same period last year. According to the Bank of Namibia, both close corporations and private companies experienced downturns, with close corporations dropping by 37.7% and private companies by 8.4% year-on-year. In the realm of domestic debt, Namibia's total reached N$123.51 billion by the end of September, […]

today10 October, 2024

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Business / Economics

Average House Price Increases to N$1.26 Million in Q2 2024

The FNB Namibia Housing Price Index reveals that the national average house price reached N$1,263,673 in Q2 2024, a N$30,000 increase from the previous quarter and higher than the N$1,242,713 recorded in Q2 2023. According to The Brief, FNB Namibia's Market Research Manager, Mandisa Van Wyk, noted that the 12-month moving average house prices are N$1,625,000 for the central region, N$1,412,000 for the coastal region, N$855,000 for the northern region, […]

today10 October, 2024