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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 96 of 184

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Business / Economics

Revenue Agency to Suspend Unlicensed Clearing Agents

The Namibia Revenue Agency has announced that clearing agents who do not renew their licenses for 2024 will face suspension. A 30-day grace period will be provided, from August 14 to September 13, for agents to complete their renewal. Failure to renew by the deadline will result in license termination. The agency's Tonateni Shidhudhu.  

today15 August, 2024

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Business / Economics

15 August 2024 Morning Biz News: Welwitschia Sovereign Wealth Fund Doubles in Value; Rand Gains on U.S. Data; Oil Prices Rebound

Welwitschia Sovereign Wealth Fund Sees Remarkable Growth The Welwitschia Sovereign Wealth Fund, launched in 2022, has nearly doubled its value, rising from N$260 million to N$440 million. Central Bank Governor Johannes !Gawaxab noted that the Fund has consistently outperformed its benchmark, the Norwegian Government Pension Fund Global, demonstrating strong performance and growth. South African Rand Strengthens On Wednesday, the South African rand appreciated to 18.05 against the US dollar, marking […]

today15 August, 2024

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Business / Economics

Bank of Namibia Reduces Repo Rate to 7.50%….

The Bank of Namibia announced a reduction in the repo rate from 7.75% to 7.50%, marking a shift after a series of rate hikes that began in February 2022. As a result, commercial banks’ prime lending rate will decrease from 11.5% to 11.25%. Cirrus Capital economist, Robert McGregor.  

today15 August, 2024

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Africa

Nigeria’s highest court says local governments can spend their funds without interference: why this matters

  By Abiodun Odusote, University of Lagos   Nigeria’s Supreme Court has affirmed the financial autonomy of the country’s 774 local government areas. It upheld the suit brought by the federal government to strengthen the independence of local governments in the country. Nigeria’s attorney-general and minister of justice filed the suit in May. Local governments have been hampered in most states, where the governors seize their federal allocations and only […]

today14 August, 2024

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Business / Economics

14 August 2024 Morning Biz News: Namibia Keeps Repo Rate Steady? , South Africa Sees Surge in Project Announcements, Dollar Weakens, and Oil Prices Climb

  Bank of Namibia Expected to Maintain Repo Rate Analysts are predicting that the Bank of Namibia will keep the repo rate steady at 7.75% during its upcoming Monetary Policy Committee meeting on Wednesday. This decision would mark the third consecutive meeting where the rate remains unchanged, following similar outcomes in April and June. The move reflects ongoing stability in the financial sector as the bank continues to navigate economic […]

today14 August, 2024

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Business / Economics

EU Launches Workshop to Enhance Namibia’s Financial Transparency and Exit FATF Grey List

The EU Global Facility has launched a scoping mission workshop to define key activities for technical assistance on beneficial ownership in Namibia. This workshop will identify Namibia's needs and challenges, creating a customized work plan to help the country exit the FATF's Grey List. The initiative aims to bolster Namibia's financial systems, transparency, and accountability. EU Ambassador to Namibia, Ana Beatriz Martins.  

today13 August, 2024

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Business / Economics

13 August 2024 Morning Biz News: Carbon Sequestration Potential, New Air Routes, Oil Price Movements, and Financial Indicators

  Perivoli Rangeland Institute Highlights Carbon Sequestration Potential The Perivoli Rangeland Institute has emphasized Namibia's significant potential for carbon sequestration projects. However, challenges such as high costs, transparency issues, and concerns over greenwashing hinder progress. Researcher Daisy Nielsen stresses the need for better regulatory frameworks and greater community involvement to unlock these opportunities and enhance Namibia's environmental impact. Air Botswana to Launch New Routes to Windhoek Air Botswana is expanding […]

today13 August, 2024

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Business / Economics

India’s market regulator bats for its chief amid quid pro quo allegations

India's market regulator is asking investors to exercise due diligence before reacting to fresh allegations by a US-based short seller. Hindenburg Research has accused the head of India's market regulator of conflicts of interest relating to the Adani Group. They say SEBI's chief, Madhabi Puri Buch and her husband invested in offshore funds also used by the Indian conglomerate. Neha Poonia has more.  

today12 August, 2024