insert_link Business / Economics Mines and Energy Minister denies oil license corruption allegations Minister of Mines and Energy, Tom Alweendo has denied corruption allegations related to oil and gas licensing off Namibia's coast. The accusations were raised in a letter from Louis Beauvais, representing TotalEnergies shareholders, and addressed to company CEO Patrick Pouyanne. Economist Gabriel Erastus comments on the allegations. todayFebruary 1, 2024 102
insert_link Business / Economics NamRA and Bipa sign MoU The Namibia Revenue Agency (NamRA) signed a memorandum of agreement with the Business and Intellectual Property Authority (BIPA), which is aimed at, among other things, enhancing cooperation in terms of the sharing of information on the registration and maintenance of business entities and Intellectual Property Rights in Namibia. NamRA Commissioner Sam Shivute explains what the MOU means to NamRA in the context of improving service delivery. https://youtu.be/Dhq0QLQdtkE todayFebruary 1, 2024 108
insert_link Business / Economics Innovating for Impact: driving positive change through financial solutions By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia In Namibia, making a real impact with financial solutions is a shared endeavour that requires collective action, innovative thinking, and a deep understanding of our people's needs. As a united force within the financial services industry, we bear a collective responsibility to lead the way toward a better future for everyone. At the forefront […] todayFebruary 1, 2024 2
insert_link Business / Economics André de Ruyter: More Truth to Power Former Eskom CEO André de Ruyter who had to leave South Africa for his own safety, speaks to BizNews' Chris Steyn from the United States about how the corruption at ESKOM continues “by and large unabated”. https://youtu.be/_u_x171wHr0 todayFebruary 1, 2024 11
insert_link Business / Economics Cape Town to mint 6,100 new millionaires in projected wealth boom By Seth Onyango, via bird story agency Cape Town is forecast to become the fourth fastest-growing wealth hub per capita among the BRICS states, according to new insights from Henley & Partners (H&P). The picturesque city is forecast to add 6,100 millionaires over the next ten years, over and above the current 7,400, representing an 85% jump. "It is currently benefiting from the ongoing ‘semigration’ of large numbers […] todayFebruary 1, 2024 23
insert_link Africa African countries are struggling with high debt, demands to spend more and collapsing currencies: the policy fixes that could help By Jonathan Munemo, Salisbury University Highly indebted African countries are facing stark trade-offs between servicing expensive debt, supporting high and growing development needs, and stabilising domestic currencies. Government debt has risen in at least 40 African countries over the past decade. As a result, some are experiencing a bad combination of high debt, elevated development spending needs amid budget shortfalls, and unfavourable exchange rate pressures. These issues have become […] todayFebruary 1, 2024 4
insert_link Business / Economics Bridging the climate finance gap through collaboration and innovation Government, labour, business, and civil society must collaborate and innovate if South Africa is to raise the R535 billion required to meet its NDC target by 2030. In light of estimates that South Africa will require, on average, R334 billion and R535 billion annually to achieve its net zero goal by 2050 and NDCs by 2030, respectively, it is clear that something radical needs to change and quickly if we […] todayFebruary 1, 2024 20
insert_link Business / Economics BIZ NEWS 1 FEBRUARY 2024: Financial Insights Digest: Economic Surges, Strategic Moves, and Global Indicators – A Comprehensive Overview 1. Namibia's Economic Outlook Soars on Surging Uranium Prices The Chamber of Mines anticipates a robust economic boost for Namibia in 2024, driven by a remarkable surge in uranium prices, marking the highest in over 12 years. Veston Malango, CEO of the Chamber, highlights the expected upturn, fueled by increased production in existing mines and the anticipated commencement of production at the Langer Heinrich uranium mine in the first quarter […] todayFebruary 1, 2024 3
insert_link Africa Continental Free Trade Area launches first trade shipment Industrialisation and Trade Minister, Lucia Iipumbu has participated in the first trade shipments under the African Continental FreeExportDiversification Trade Area at the Port of Durban in KwaZulu-Natal. Iipumbu says the implementation will diversify exports, boost productive capacity, accelerate growth, create more jobs, and promote economic inclusion. todayFebruary 1, 2024 21
