Business / Economics

Spotlight Feature – 14 March 2024

Laimi finds out more about ProQuest Diagnostic Laboratories MD, Loide Uushona. https://iono.fm/e/1416357

March 15, 2024 30

Mines and Energy Ministry to Launch Online License Applications Portal in April

The Mines and Energy Ministry has unveiled plans to introduce an innovative Online License Applications Portal, slated for launch in April. The ministry has declared its intent to shift entirely to online application submissions once the portal is operational, discontinuing the acceptance of manual applications. Ministry spokesperson, Ten Hasheela, shared insights on the initiative. The Ministry further says this transition marks a significant step towards modernization and aligns with the […]

March 15, 2024 44

Business / Economics

15 March 2024 Morning Biz News: Recent Developments in Business and Finance

1. Custos Energy Strikes Oil in Mopane-2X Well Custos Energy has made a significant breakthrough with the discovery of high-quality light oil during the drilling of the Mopane-2X well. Galp Energia, a subsidiary of Portugal's Galp, leads the operation under Petroleum Exploration Licence 83, holding an 80% interest. The National Petroleum Corporation retains a 10% stake, with Custos Energy holding the remaining 10% working interest. 2. PAR Group Announces Expansion […]

March 15, 2024 6

Business / Economics

Boeing commits to tightened quality checks

Boeing has pledged to ensure proper safety and quality control procedures are followed in its airplane production. The company was subject to a U.S. government audit after a panel blew off one of its planes mid-flight. William Denselow reports.

March 14, 2024 24

Africa

Inflation in Nigeria is still climbing while it has slowed globally: here’s why

By Stephen Onyeiwu, Allegheny College Just as Nigerians were gradually digging out from the devastating effects of the COVID-19 pandemic, they were hit by high inflation. The Nigerian economy contracted by 6.1% at the peak of COVID in the second quarter of 2020. Unemployment rate rose from 27% in the second quarter of 2020 to 33% in the fourth quarter of the same year. The World Bank estimated […]

March 14, 2024 22

Business / Economics

Social media influence audiences worldwide

By Bank Windhoek’s Digital Marketing Specialist, Julian Mentzel Social media is present in almost every part of our everyday lives. It is a universal platform for entertainment, communication, and information sharing. With billions of users globally, social media sites like WhatsApp, Facebook, Instagram, X (formerly Twitter), Threads, TikTok, YouTube and LinkedIn provide various features to appeal to different audiences in the rapidly changing digital communication landscape. The […]

March 14, 2024 43

Africa

Appetite from local investors fuels surge in African startup funding

By Seth Onyango, bird story agency Despite a steep downturn in startup funding in Africa since 2022, more African investors are channelling substantial investments into homegrown enterprises. This is a marked departure from the previous years, when North American investors, particularly from the U.S., led the charge in startup funding across the continent. Analysis from Africa: The Big Deal identified at least 619 unique investors who participated in […]

March 14, 2024 39

Business / Economics

World oil demand grows amid Red Sea shipping disruptions: IEA

Global oil demand is forecast to grow more than expected due to a brighter US economic outlook and rising fuel needs of ships rerouted away from the Red Sea, the International Energy Agency said Thursday. Commercial ships have been taking longer and costlier journeys around the southern tip of Africa to avoid attacks by Yemen's Huthi rebels in the Red Sea, a vital international trade route. The […]

March 14, 2024 14

Business / Economics

Financial abuse from an intimate partner? Three ways you can protect yourself

By Bomikazi Zeka, University of Canberra Financial abuse occurs when one person takes control over another person’s ability to acquire, use and maintain financial resources. An example is being denied access to your own funds or being forced to deposit your salary into a joint bank account but not having access to the account. It could also take place when large withdrawals are made from joint bank accounts […]

March 14, 2024 19