insert_link Business / Economics 2024 Producer Price Index Update Reveals Mixed Sectoral Trends The Producer Price Index has been rebased to 2022, offering more accurate insights into the nation's economic trends. The new reference period, set for June , highlights a shift in price movements across sectors, with mining showing growth year-on-year, but a slight quarterly contraction. Meanwhile, manufacturing saw modest price reductions overall, though dairy and fish processing experienced notable increases. The updated PPI will provide businesses and policymakers with a clearer […] todayNovember 22, 2024 13
insert_link Business / Economics NBL Promotes Zero-Tolerance for Drinking and Driving During the Festive Season Namibia Breweries Limited is reinforcing its commitment to road safety this festive season with a zero-tolerance stance on drinking and driving. Partnering with road safety stakeholders, NBL aims to promote responsible consumption through its Festive Season Road Safety Campaign. The company has contributed N$200,000 to support law enforcement and awareness efforts, including donations of reflector jackets for officers and a road safety radio show. NBL also encourages the use of […] todayNovember 22, 2024 18
insert_link Business / Economics Gondwana Collection Namibia Opens State-of-the-Art Facility at Hosea Kutako Airport Gondwana Collection Namibia has unveiled its new Namibia2Go facility at Hosea Kutako International Airport, aiming to enhance travel experiences in the country. The state-of-the-art car rental hub combines innovative design with Namibia’s cultural and natural influences. The facility offers 24-hour personalized support and seamless integration with tour operators, ensuring a smooth experience for travelers. Namibia2Go represents the start of a larger journey to inspire and empower visitors, according to […] todayNovember 22, 2024 14
Business / Economics Expert Highlights Namibia-China Partnership for Economic Growth Josef K. Sheehama, nominated by the China Embassy in Namibia, attended a seminar on Chinese Modernization and African Development in Anhui, China. He business expert Namibia’s potential for food security and discussed the growing China-Namibia partnership in renewable energy and digital connectivity. todayNovember 22, 2024 16
insert_link Business / Economics In S.A, BetterBond has welcomed repo rate cut In S.A, BetterBond has welcomed the 25 basis point repo rate cut to 7.75-percent. Head of Sales, Bradd Bendall, says slowing inflation is fostering a more favourable lending environment, by continuing the rate-cutting trend. Bendall says the decision provides relief for homeowners burdened by rising bond costs since November 2021. BetterBond reports a 30-percent jump in home loan activity in October, signalling a property market recovery: Meanwhile, still in […] todayNovember 22, 2024 21
insert_link Business / Economics ACFE Launches Namibian Chapter to Combat Fraud and Corruption The Association of Certified Fraud Examiners has launched a Namibian chapter to enhance efforts against fraud and corruption. The chapter will train and certify professionals to combat these crimes. The event focused on trends and challenges in fraud prevention. We spoke to Eugenia Pyntikova, senior counsel at ACFE US. todayNovember 22, 2024 21
insert_link Business / Economics Production sector experiences slight price decrease The Namibia Statistics Agency has released the Producer Price Index for the third quarter of 2024, showing a slight decrease in production prices both quarter on quarter and year on year. This suggests a small contraction in the overall production sector. NSA spokesperson Mirjam Shihepo has the details. todayNovember 21, 2024 28
insert_link Business / Economics US charges Indian billionaire Adani with bribery The United States has charged Indian billionaire Gautam Adani with orchestrating a $250 million bribery scheme. Adani is one of the world's richest men and is known for his close ties to India's prime minister Narendra Modi. Rebecca Bundhun reports from Mumbai. todayNovember 21, 2024 23
insert_link Business / Economics Letshego Holdings Namibia Appoints New Head of Credit Letshego Holdings Namibia has announced the appointment of Herwin Tsowaseb as its new Head of Credit, effective 15 November 2024. With over a decade of experience in credit evaluation and financial management, Herwin will contribute to advancing financial inclusion and sustainable growth. His appointment strengthens the company’s efforts to empower customers and enhance its market position. todayNovember 21, 2024 6