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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 92 of 184

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Business / Economics

27 August 2024 Morning Biz News: Trustco Exits Banking, Harmony Gold Profits Surge, and More

Trustco Group Holdings Exits Commercial Banking Trustco Group Holdings Limited has officially exited the commercial banking sector by surrendering Trustco Bank Namibia’s banking license to the Bank of Namibia. Chairman Quinton van Rooyen revealed that this decision was due to the group’s strategy to withdraw from deposit-taking institutions, which made up less than 1% of its total investments. The Brief reports this move marks Trustco’s strategic shift away from banking. […]

today27 August, 2024

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Business / Economics

Namibia Breweries Contributes N$2.4 Billion to Economy and Expands Global Presence

Namibia Breweries Limited has contributed N$2.4 billion to the local economy through corporate taxes, customs duties, and excise fees reports The Brief. In the past year alone, the company paid N$800 million in corporate taxes and N$1.6 billion in customs and excise duties. NBL's beer exports reached N$747 million in 2023, reflecting its global competitiveness. Additionally, NBL was a major driver of foreign direct investment, with Heineken increasing its shareholding […]

today23 August, 2024

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Africa

Second-Largest Diamond in History Unearthed in Botswana

A 2,492-carat diamond, the second-largest ever found, has been discovered at the Karowe mine in Botswana, operated by Canadian firm Lucara Diamond. The BBC reports that, this remarkable find surpasses Botswana's previous record and is the biggest since the 3,106-carat Cullinan diamond found in South Africa in 1905. Botswana, a leading global diamond producer, continues to make significant contributions to the industry, accounting for about 20% of global production.

today23 August, 2024

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Business / Economics

23 August 2024 Moring Biz News: Major Contracts, Interest Rate Debates, Legal Settlements, and Financial Market Updates

Savanna Beef Secures Major Contract with GPS Food Group Savanna Beef has landed a significant contract with global food giant GPS Food Group, ensuring a stable market for its products and enhancing its production processes. Announced by Chairperson Mecki Schneider, the agreement, signed on April 30, is set to significantly bolster the company's growth. This partnership marks a major step forward for Savanna Beef, providing valuable support and stability as […]

today23 August, 2024

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Business / Economics

Panel Discusses Transparency and Resource Management at Oil and Gas Conference

At the Oil and Gas Conference, a panel emphasized the need for balancing transparency with natural resource management. They highlighted establishing governance structures, ensuring information access, and engaging stakeholders. The discussion also focused on conflict resolution, adaptive management, international standards, environmental sustainability, and the importance of public awareness and education. Graham Hopwood: Executive Director at the Institute for Public Policy Research.  

today23 August, 2024

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Business / Economics

PwC South Africa’s Martin Solomon Talks Oil And Gas

The second annual Namibia Oil and Gas Conference is currently underway at the Mercure Hotel in Windhoek, centered around the theme "The Next Steps towards a Prosperous Oil and Gas Industry: Powering Namibia's Sustainable Future." The event features a panel discussion on Namibia's role in the global oil and gas market, with a focus on driving economic growth, market development, and transitioning towards a low-carbon economy. Martin Solomon, Energy SME […]

today23 August, 2024