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

Business / Economics

1309 Results / Page 79 of 146

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Business / Economics

B2Gold Otjikoto mine to retrench 300 workers

B2Gold Otjikoto Mine, the country’s largest gold producer, is set to start with the voluntary retrenchment of 300 employees. Last year, the mine announced its plans to embark upon a phased closure of open mining due to depleted ore reserves, but it did not disclose the number of workers to be affected, as consultations with stakeholders were still ongoing at the time. Here is John Roos B2Gold Namibia's Country Manager […]

todayApril 24, 2024 142

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Business / Economics

ByteDance given nine months to divest TikTok amid data concerns

US President Joe Biden has signed into law a 95 billion dollar package to provide weapons and funding to Ukraine, Israel, and Taiwan - as well as a possible ban on the social media app TikTok. It comes after months of political wrangling and delays over sending aid to overseas conflicts. Kate Fisher reports from Washington. Separately, the BBC reports that TikTok says it will challenge in court an "unconstitutional" […]

todayApril 24, 2024 79

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Business / Economics

International Energy Agency expects half of all cars sold globally to be electric by 2035

Global electric vehicle sales are set to rise by more than a fifth to reach 17 million this year, powered by drivers in China. In a report Tuesday, the International Energy Agency projected that “increased demand” for EVs over the next decade was set “to remake the global auto industry and significantly reduce oil consumption for road transport.” According to CNN, it expects half of all cars sold globally to […]

todayApril 24, 2024 5

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Business / Economics

German and Namibian delegates discuss second hydrogen plant with President Nangolo Mbumba

Special Envoy for German-Namibian climate and energy relations, Rainer Baake, and Presidential Advisor and Hydrogen Commissioner, James Mnyupe, have visited President Nangolo Mbumba at State House this morning to discuss the possibility of establishing another hydrogen plant in Opuwo following a HyIron tour. Here’s Baake.   James Mnyupe says that the government has identified the area's potential for hydroelectric facilities.

todayApril 24, 2024 36

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Business / Economics

24 April Morning Biz News: Namibia’s Exchange Control Policies Pose Challenges to Oil and Gas Sector Expansion

The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia's stringent exchange control policies potentially hindering the country's ambitious plans for its burgeoning oil and gas sector. Despite Namibia's efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations. Namibia has been actively seeking to […]

todayApril 24, 2024 38

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Business / Economics

Standard Bank’s Thomas Koneka Iindji dies aged 44

Renowned banker and former Namibia Chamber of Commerce and Industry Northern Branch Chairperson, Thomas Koneka Iindji, has died aged 44. This, according to the Namibia Press Agency, was confirmed by a family member, saying that Iindji died on Tuesday in Windhoek. At the time of his death, he held the position of Head of Business and Commercial Banking at Standard Bank, a position he assumed in February this year. He […]

todayApril 23, 2024 115

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Business / Economics

Trustco increases stake in Legal Shield Holdings

Trustco Group Holdings Limited has announced the acquisition of an additional 11.35% interest in Legal Shield Holdings Limited from Riskowitz Value Fund LP for N$ 468 million.  The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted assets acquired encompass Trustco Insurance Limited, Trustco Life Limited, and an extensive real estate portfolio spanning […]

todayApril 23, 2024 65

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Africa

South Africans uncertain about two-pot retirement system

The two-pot retirement system comes into effect on 1 September 2024 in South Africa. It allows people to withdraw a portion of their retirement funds before reaching retirement age. The rest will be preserved to sustain them post-retirement. However, many South Africans remain concerned as to how it will work and its impact. We asked Local Pension Fund Expert Arthur Kröhnert for his opinion on the matter.

todayApril 23, 2024 44

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