Access to Finance

Debmarine Namibia faces N$7.1 billion loss amid market challenges

(Video of Debmarine Namibia's Chief Executive officer, Willy Martens deliberating on the matter) By: Hertha Ekandjo Debmarine Namibia has recorded a loss of N$7.1 billion between 2023 and 2024. The company’s earnings before interest, tax, depreciation, and amortisation have fallen from N$6.76 billion in 2022, with market conditions alone stripping away N$2.3 billion in 2023 and another N$4.8 billion in 2024. This was revealed thy Debmarine`s Chief Executive Officer, Willy […]

March 17, 2025 193 2

Business / Economics

Navigating 2025’s Financial Landscape Wednesday, 12 February 2025 - In 2025, investors and savers will be facing a world of tempered growth, changing policy dynamics, and revolutionary market trends. As we navigate the year, understanding the economic outlook, identifying investment opportunities, and embracing resilience strategies will be key, grounded in the latest insights. Global economic growth is projected to remain steady at 2.7% in 2025, matching the 2024 pace […]

February 12, 2025 33 2

Africa

Mozambique: EIB Global and Moza Banco provide €20 million to grow women-led businesses

The EIB Global and Moza Banco initiative, as part of the EU’s Global Gateway strategy, will offer financing for small and medium-sized businesses in Mozambique, with a focus on businesses owned or run by women. Women are less likely to be able to access appropriate finance for their business, and the EIB-Moza Banco facility will address that financing gap. The project will support economic growth, […]

December 21, 2023 44