insert_link Business / Economics Oil demand growth to halve in 2024: IEA World oil supply will continue to rise this year, the International Energy Agency said Thursday, as it predicted that demand growth would continue a downward slide throughout 2024. The Paris-based IEA, which advises oil-consuming nations, said it expects increase in global oil demand to halve from 2.3 million barrels per day (bpd) last year to 1.2 million bpd in 2024. It cited economic headwinds, tighter efficiency standards and growth in […] todayJanuary 18, 2024 21
insert_link Business / Economics The importance of stakeholder management By Mignon du Preez, Group Marketing, Public Affairs and Sustainability Executive, Old Mutual Namibia Stakeholder involvement is becoming more and more prominent in the complex world of modern business; it's a dynamic interaction that goes beyond boardrooms and spreadsheets. It's an acknowledgment that companies are part of a web of relationships with different stakeholders and are not separate entities. This article highlights the significance of stakeholder involvement, presenting […] todayJanuary 18, 2024 13
insert_link Business / Economics Recent Developments in African Economies: Namibia Leads in Drilling Rig Demand, South Africa Faces Retail Sales Decline, Nigeria Resolves Forex Forward Liabilities, and Oil Prices Rise Here's your morning Biz News. Namibia's prominence in the competitive energy sector is underscored by its top-five position among African countries with the highest demand for drilling rigs, according to the State of African Energy 2024 Outlook. The African Energy Chamber recognizes Namibia's significant role in efficient and sustainable resource exploration. South Africa experiences a 0.9% year-on-year decline in retail sales in November, following a revised 2.3% drop in October, […] todayJanuary 18, 2024 5
insert_link Africa AfCFTA to boost regional trade by 80% More than half of African countries will use the rules of a continental free-trade pact this year as the continent moves closer to fully integrating into a single market. According to Bloomberg News, AfCFTA Secretary-General Wamkele Mene told a World Economic Forum panel in Davos Tuesday that of the 47 countries that have ratified the African Continental Free Trade Area, 31 will join the trade initiative, up from seven in […] todayJanuary 17, 2024 8
insert_link Business / Economics Showmax steps up streaming battle with Premier League on mobile plan By Conrad Onyango, bird story agency After taking over Africa’s market mantle from US streaming giant, Netflix, in 2023, South Africa’s Showmax is turning to smartphones to tap into a wider pool of football fanatics. The MultiChoice-owned streamer has introduced mobile-only subscriptions for Premier League content as part of a new package for its second iteration- Showmax 2.0, launching in mid-February. “Showmax Premier League is a game-changing product that […] todayJanuary 17, 2024 28
insert_link Business / Economics Market Moves and Financial Frontiers: Trustco’s Strategic Investment, Fuel Price Projections, Corporate Governance Agreements, and Asian Stocks’ Setback Unveiled 1. Trustco Group Holdings Secures NAD 950 Million Investment from Riskowitz Value Fund LP In a strategic move to bolster its financial standing and consolidate its presence in the local economy, Trustco Group Holdings Limited is on the brink of finalizing significant deals with key shareholders. A substantial cash investment, expected to reach up to NAD 950 million, is in the pipeline, with the United States fund, Riskowitz Value Fund […] todayJanuary 17, 2024 5
insert_link Business / Economics CRAN revokes UCOM Mobile’s spectrum licences The Communications Regulatory Authority of Namibia has revoked the Spectrum Licences of UCOM Mobile Namibia formerly MTN Business Namibia due to its failure to settle over N$19.3 million license fees arrears. CRAN’s Jairus Kapenda, the Manager of Communication and International Relations. todayJanuary 16, 2024 36
insert_link Business / Economics Trustco secures N$ 950 million investment Trustco Group Holdings Limited is finalising deals with key shareholders, including a cash investment of up to NAD 950 million from the United States fund Riskowitz Value Fund LP. The move solidifies RVF as a key anchor foreign investor, allowing Trustco to cement existing investments in the local economy. Quinton Van Rooyen Junior, Trustco's Deputy CEO. todayJanuary 16, 2024 31
insert_link Business / Economics Namfisa’s Gariseb joins IAIS risk-based solvency forum The Namibia Financial Institutions Supervisory Authority General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been admitted to serve on the International Association of Insurance Supervisors’ Risk-Based Solvency Implementation Forum. NamFisa spokesperson, Victoria Muranda, explains the significance of this development. todayJanuary 16, 2024 30
