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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

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20 Results / Page 1 of 3

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Business / Economics

7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions

In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […]

todayNovember 7, 2024 7

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Business / Economics

31 October 2024: Navigating Economic Shifts: Key Financial Updates from Namibia and Beyond

In recent developments, Finance Minister, Ipumbu Shiimi, has announced an extension of the country’s tax amnesty programme, now set to conclude on October 31, 2026. During his mid-term budget review presented in Parliament, Shiimi highlighted the overwhelming requests from various sectors to prolong this programme, which allows taxpayers to settle their full tax debts without incurring penalties or interest. This initiative is designed to enhance tax compliance and boost government […]

todayOctober 31, 2024 13

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Business / Economics

21 October 2024 Morning Biz News: October Highlights and Financial Indicators

  In October, Pupkewitz Megabuild reported a significant year-on-year decline in its basket value, setting it apart among the four major hardware stores in Windhoek, as noted in The Brief survey. The store experienced a 15.25% decrease in basket value compared to October 2023, although there was a slight month-on-month increase of 0.15%. In global economic news, Russian President Vladimir Putin announced that the BRICS group is expected to lead […]

todayOctober 21, 2024 15

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Namibia

NamPol Investigates Nearly N$1 Million Internet Fraud in Gobabis

The Namibian Police Force in Gobabis, Omaheke Region, is investigating a fraud and theft case after a man lost nearly N$1 million to internet fraud on Friday. The victim received a text message from an unknown number claiming he had purchased bitcoin. The suspect then called the victim, pretending to be a Bank Windhoek fraud official, and claimed the victim's account was under suspicion. During the call, the suspect convinced […]

todayAugust 13, 2024 19

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Business / Economics

Global e-commerce skyrockets to $27 trillion

Did you know that the energy required for Bitcoin data mining reached 121 terra watts last year? That’s more than the amount consumed by most small countries. Daniel Johnson from UN news has more. Meanwhile, new data from 43 countries, representing about three-quarters of global GDP, show business e-commerce sales grew nearly 60% from 2016 to 2022, to reach $27 trillion.

todayJuly 11, 2024 25

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Business / Economics

19 June 2024 Morning Biz News: Global Markets React: Namibia’s Grape Exports Soar, Oil Prices Rise Amidst Tensions, Dollar Weakens on Retail Data

1. Namibia's Table Grape Exports Surge, Reaching N$1.7 Billion The Namibian Agronomic Board (NAB) has reported a significant 19% increase in the country’s table grape exports during the last harvest season, reaching a total value of N$1.7 billion. This growth underscores Namibia’s strengthening position in the international market for agricultural products. Fidelis Mwazi, CEO of NAB, highlighted that stringent quality control measures, including the inspection of 9.3 million cartons, were […]

todayJune 19, 2024 27

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Business / Economics

15 May 2024 Morning Biz News: Africa’s Green Hydrogen Initiative, Rand’s Fluctuations, and Oil Price Surge: A Snapshot of Recent Financial Trends

  As the global economy navigates through various challenges and opportunities, the financial landscape witnesses dynamic shifts influenced by diverse factors ranging from economic policies to natural disasters. Here's a roundup of the latest developments shaping the business world: Africa's Green Hydrogen Pipeline Initiative: President Nangolo Mumba's announcement of a groundbreaking collaboration between Namibia and South Africa marks a significant stride towards sustainable energy development in the region. The partnership, […]

todayMay 15, 2024 11

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Business / Economics

14 May 2024 Morning Biz News: Namibian Ports Authority Hits Record 8 Million Tonnes Cargo Milestone, Rand Strengthens Amid Dollar Decline: Key Financial Highlight

Namibian Ports Authority Hits Record 8 Million Tonnes Cargo Milestone The Namibian Ports Authority (NAMPORT) has achieved a significant milestone in its fiscal year ending on March 31, 2024, by managing a staggering 8 million tonnes of cargo. This achievement marks a notable 4% increase from the previous year's record of 7.7 million tonnes, as reported by The Brief. Elias Mwenyo, NAMPORT's Executive for Commercial Services, attributed this remarkable feat […]

todayMay 14, 2024 25

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Business / Economics

18-25 April 2024: Weekly Economic Wrap: Insights into Key Developments Across Africa and Beyond Weekly Economics

As the global economy navigates through a myriad of challenges and opportunities, significant developments unfold across various sectors, shaping the economic landscape. Here's a recap of the noteworthy events from the past week: Namibia's Mining Sector: A Pillar of Growth The mining sector in Namibia continues to showcase robust performance, with the Chamber of Mines reporting impressive figures for the 2023 financial year. Total turnover soared to N$51.5 billion, marking […]

todayApril 25, 2024 18

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