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

Business / Economics

1309 Results / Page 84 of 146

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Business / Economics

16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections

Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […]

todayApril 16, 2024 42

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Business / Economics

S.A’s Central Energy Fund’s mid-month data predicts petrol prices to increase for the fourth consecutive month in May

S.A's Central Energy Fund's mid-month data predicts petrol prices to increase for the fourth consecutive month in May, with an anticipated under-recovery of around 30-cents-per-litre. However, diesel prices are expected to decrease, with an over-recovery of approximately 28-cents-per-litre. The anticipated increase sees 93 octane petrol rising by 30-cents-per-litre and 95 octane by 31-cents-per-litre. Meanwhile, diesel wholesale is expected to have a decrease of 26 to 31-cents-per-litre

todayApril 16, 2024 23

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Africa

AGOA-AfCFTA to offer a trade highway to the US until 2041

      By Seth Onyango, bird story agency   Forty African nations could have duty-free access to U.S. markets until 2041, as Congress considers a bipartisan bill extending the African Growth and Opportunity Act (AGOA). Senators Chris Coons (D-Delaware) and James Risch (R-Idaho) tabled a revised AGOA Renewal and Improvement Act of 2024 in Congress, which now explicitly integrates it with the African Continental Free Trade Agreement (AfCFTA). This alignment […]

todayApril 15, 2024 44

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Business / Economics

Bank of Namibia Extends Timeline for Implementation of Electronic Fund Transfer Regulations

The Bank of Namibia has announced a postponement in the implementation of the new regulations governing electronic fund transfers within the national Payment System Determination. Sandra Garises, the bank's principal communication officer, disclosed that PSD-9, initially set to take effect by the end of April, will now be enforced on September 30, 2024. She explains what it entails.  

todayApril 15, 2024 81

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Business / Economics

15 April 2024 Morning Biz News: Transforming Elizabeth Bay: Standard Bank’s Energy Park Initiative

In a bid to ignite infrastructure growth and leverage Namibia's resource potential, Standard Bank has unveiled an ambitious plan to rebrand Elizabeth Bay into an Energy Park, as reported by The Brief. This strategic move is poised to reshape the landscape of Elizabeth Bay, a mining community nestled 25 kilometers south of Lüderitz on Namibia's southern coast. The vision behind the Energy Park initiative extends beyond mere revitalization; it aims […]

todayApril 15, 2024 30

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Business / Economics

12 April 2024 Morning Biz News: GIPF’s ESG Investments, WeBuyCars IPO, Oil Price Surge, and Currency & Commodity Updates

GIPF Ventures into ESG Investments: The Government Institutions Pension Fund (GIPF) is diversifying its investment portfolio by exploring opportunities in Environmental, Social, and Governance (ESG) sectors. With a focus on sustainable development, GIPF aims to collaborate with fund managers whose policies align with ESG principles. Targeting initiatives like SDG Namibia One and green climate fund managers, GIPF emphasizes its commitment to responsible investing. WeBuyCars Makes Splash on JSE: South African […]

todayApril 12, 2024 22

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Business / Economics

Chinese factory shreds weddings photos for fuel

  At a dusty warehouse in northern China, Liu Wei feeds photos of beaming bridal couples into an industrial shredder -- turning stories of heartbreak into a source of electricity. Wedding photos are big business in China, where parks, temples and historic sites often teem with newlyweds posing for elaborate shots capturing their supposedly unbreakable bond. But in a country where millions of divorces take place each year, many marital […]

todayApril 11, 2024 29

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