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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 84 of 184

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Business / Economics

Consumer Credit Bill to be tabled by Parliament next year, says NAMFISA’s annual report

The Namibia Financial Institutions Supervisory Authority has released its annual report which outlines the implementation of key financial regulations and the resolution of 91% of 691 complaints, resulting in N$14.7 million returned to complainants. Namfisa CEO, Kenneth Matomola said most complaints were from micro-lenders, insurers, and pension funds.     He also revealed that the Consumer Credit Bill will be tabled by Parliament next year.

today26 September, 2024

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Business / Economics

25 September Morning Biz News: Global Markets Surge Amid China’s Stimulus, While Namibia’s Economic Growth Slows to 3.5% in Q2

  Namibia's Economic Growth: The economy expanded by 3.5% year-on-year in Q2 2024, a slowdown from the 4.3% recorded in Q1 and slightly lower than the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since the Q1 2021 contraction. For Q2, nominal GDP reached N$59.5 billion, with real GDP standing at N$39.1 billion. Safaricom Raises $116.73 Million: Kenya's largest telecom operator, Safaricom, raised $116.73 million through […]

today25 September, 2024

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Business / Economics

President Cyril Ramaphosa of S.A has set a new investment target of two-trillion-rand by 2028

President Cyril Ramaphosa of S.A has set a new investment target of two-trillion-rand by 2028, following the early achievement of South Africa’s previous 1.2-trillion-rand goal. The president, leading South Africa’s delegation to the 79th UN General Assembly, also rang the New York Stock Exchange closing bell, accompanied by NYSE president Lynn Martin and other officials. Speaking at the SA-US business forum, Ramaphosa invited US investors to explore opportunities in sectors […]

today25 September, 2024

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Business / Economics

Agronomic Board Chair Calls for Review of SACU Agreement to Enhance Trade Balance

Hubertus Hamm, Chairperson of the Agronomic Board, has emphasized the need to review the Southern African Customs Union agreement to tackle ongoing trade challenges reports The Brief. He stated that Namibia, as a SACU member, seeks balanced trade and equitable development among member states. Hamm highlighted the importance of reforms to prevent any single member state from disproportionately benefiting, which could destabilize the region’s economic equilibrium.

today25 September, 2024

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Business / Economics

SA’s Ramaphosa sets 2 trillion rand investment target by 2028

South African President, Cyril Ramaphosa has set a new investment target of two-trillion-rand by 2028, following the early achievement of the country’s previous 1.2-trillion-rand goal. Speaking at the SA-US business forum, Ramaphosa invited US investors to explore opportunities in sectors like renewable energy, manufacturing, and infrastructure.  

today24 September, 2024

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Business / Economics

Public interest grows following recent offshore oil discoveries

The Namibia Petroleum Operators Association hosted a press seminar to help the public better understand the country’s oil and gas industry. Recent offshore discoveries have increased public interest, making it important to provide clear and accurate information. NAMPOA Chairperson and BW Kudu Country Chairperson, Dr. Klaus Endresen, spoke about the economic challenges that the sector is facing.  

today24 September, 2024

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Business / Economics

Namibia’s GDP hits N$59.5 billion in Q2

The Namibian economy grew by 3.5% year-on-year in Q2 2024, down from 4.3% in Q1 and slightly below the 3.6% growth in Q2 2023. This marks 13 consecutive quarters of growth since a contraction in Q1 2021. Nominal GDP reached N$59.5 billion, with real GDP at N$39.1 billion for the quarter. Simonis Storm Economist, Halleluya Ndimulunde has more.  

today24 September, 2024

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Africa

Eswatini flags hundreds of illegal ship registrations

Hundreds of ships have been sailing under the flag of Eswatini without the country's authorization, according to a letter from its government. According to Bloomberg News, Eswatini informed the International Maritime Organization that a number of vessels are using its flag, despite the country not granting permission to any company or agency to register ships under its flag for international waters. The decision comes after the United Arab Emirates recently […]

today24 September, 2024