Business / Economics

Morning Biz News 03 March 2025: Market, Ports, Inflation & Crypto

Local Stock Market Update The Namibian Stock Exchange (NSX) saw a total trade volume of 31,856 shares on Friday, amounting to N$1.46 million across 19 transactions. Year-to-date, the market has recorded 9.9 million shares traded, totaling N$588.4 million over 799 deals. Exchange-Traded Products (ETPs) continue to gain traction, contributing N$12.1 million in trade value since the start of the year. Major Investment in Durban Container Terminals South Africa’s Durban Container […]

3 March, 2025 22

Business / Economics

Fuel Price Review: Petrol Sees Under-Recovery, Diesel Shows Gains

The Mines and Energy ministry has released its March fuel price review, reporting a 17.54 cents per litre under-recovery for petrol. Meanwhile, diesel recorded positive recoveries, with 50ppm seeing an over-recovery of 4.13 cents per litre and 10ppm diesel gaining 13.18 cents per litre. The new pricing comes into effect on Wednesday

3 March, 2025 74

Business / Economics

U.S inflation eased slightly in January

U.S inflation eased slightly in January according to new figures — raising questions about possible rate cuts in the coming months. At the same time, figures revealed Americans spending slowed more than what was forecast for January. Mitch McCann reports

1 March, 2025 33

Business / Economics

Experts Convene in Windhoek to Strengthen African Seismic Monitoring

Seismologists from across Africa gathered in Windhoek for a three-day assembly focused on enhancing regional seismic monitoring through collaboration and coordination. The event marked the 4th General Assembly of the African Seismological Commission, hosted by the Ministry of Mines and Energy.

1 March, 2025 30

Business / Economics

FNB Namibia freezes accounts over KYC non-compliance

The First National Bank (FNB) Namibia has started freezing the accounts of customers who fail to comply with Know Your Customer (KYC) regulations, leaving some clients frustrated over the lack of access to their funds. The move is part of the bank’s obligation to adhere to the Financial Intelligence Act and other regulatory requirements aimed at preventing financial crimes. FNB Namibia’s spokesperson, Kirsty Watermeyer, said that freezing accounts […]

28 February, 2025 109

Business / Economics

28 February 2025, Morning Biz News: Businesses Face Blacklisting, SA Inflation Rises, MTN Gains in Nigeria, UK Business Confidence Rebounds

Local Businesses Face Blacklisting Over Non-Compliance The Business and Intellectual Property Authority (BIPA) has issued a stark warning to registered entities in Namibia, cautioning that a majority risk blacklisting for failing to comply with the country's beneficial ownership law. According to The Brief, only 84,000 out of 229,000 registered businesses have submitted the required information, leaving 145,000 entities vulnerable to severe penalties. This crackdown aims to enhance financial transparency and […]

28 February, 2025 21

Business / Economics

Minister in the Presidency in S.A says G20 presidency is progressing well

Minister in the Presidency of South Africa, Khumbudzo Ntshavheni, says its G20 presidency is progressing well following the successful Foreign ministers' meeting in Johannesburg last week and the ongoing Finance ministers and central bank governors' meeting in Cape Town. According to Ntshavheni, the cabinet highlighted that the G20 remains essential for international economic cooperation and for advancing South Africa’s goals of solidarity, equality, and sustainability:

28 February, 2025 52

Business / Economics

Greylisting has not severely impacted Namibia’s economy – FIC

By: Hertha Ekandjo The Director of the Financial Intelligence Centre (FIC) Bryan Eiseb, has assured the nation that Namibia’s greylisting has not severely impacted the country’s economy. Addressing concerns about the potential fallout from the greylisting, Eiseb explained that, since the country was added to the list, there has been no significant economic damage. "Since the greylisting, we have not seen a severe economic impact," Eiseb stated. Namibia was grey-listed […]

27 February, 2025 26

Business / Economics

EU-India hold trade talks with an eye on the US

Days after India restarted trade negotiations with the UK, it's now sitting down with the European Union to hammer out a long delayed trade deal. The EU is expected to echo US President Donald Trump, urging India to lower tariffs on some products. Even as New Delhi looks to diversify its own exports, amid concerns that America's reciprocal taxes will hurt Indian businesses. Neha Poonia has more.

27 February, 2025 49