insert_link Business / Economics 07 March Biz News: Markets, Earnings, Oil Deals & Trade Policy Shifts Local Stock Market Update As of yesterday, the local stock market's free float market capitalization stands at N$16.71 billion, with 638,974 shares traded, amounting to N$16.41 million in value across 11 deals. For the month to date, 1,364,598 shares have been traded, totaling N$47.09 million, with 31 deals recorded. FirstRand Ltd Sees 10% Earnings Growth According to CNBC Africa, South Africa’s FirstRand Ltd reported a 10% rise in first-half […] today7 March, 2025
insert_link Business / Economics 05 March Morning Biz News: Payroll Deduction Agreement, Budget Talks, Economic Diversification, and Bitcoin Trends Swakop Uranium and NAMITVEST Forge New Payroll Deduction AgreementA new payroll deduction agreement between Swakop Uranium and NAMITVEST was signed on Thursday in Swakopmund. The agreement enables Swakop Uranium employees to directly invest in NAMITVEST through payroll deductions, fostering financial empowerment. According to One Africa TV NewsOnOne, the partnership is a significant move towards helping employees build their wealth through a structured savings and investment approach. South African Cabinet Finalizes […] today5 March, 2025
insert_link Business / Economics Morning Biz News – 21 February 2025 Namibia Poised for Historic Trade Milestone Namibia is set to make history with its first export under the African Continental Free Trade Area (AfCFTA), marking a significant milestone in the country’s trade expansion efforts. According to The Brief publication, the Chamber of Commerce and Industry has called on local businesses with consignments ready for shipment by next month to participate in this groundbreaking initiative. The move is expected to enhance […] today21 February, 2025
insert_link Business / Economics Morning Biz News – 17 February 2025 SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […] today17 February, 2025
insert_link Business / Economics 13 November 2024 Morning Biz News: Key Business Developments In this edition of Biz News, we bring you a round-up of some key business developments from across the region and globally, with a focus on growth, innovation, and sustainability. Nictus Holdings Expands with Walvis Bay Acquisition Nictus Holdings Group of Companies has recently announced a significant acquisition: the Build IT branch in Walvis Bay. This move marks a key milestone in the company’s expansion strategy, reinforcing its […] today13 November, 2024
insert_link Business / Economics 30 October 2024 Morning Biz News: Economic Update: Procurement Compliance Issues and Market Developments Recent reports from the Institute for Public Policy Research reveal that only 43% of public entities in Namibia have submitted their annual procurement plans for the 2024/25 financial year. Of the 173 entities required to comply, just 75 had met the deadline by late October, raising concerns about significant delays at this midpoint of the fiscal year. This lack of compliance not only hinders effective resource allocation but may […] today30 October, 2024
insert_link Business / Economics 23 October 2024 Morning Biz News Update: Innovations and Market Movements FNB Namibia Launches Innovative ChatPay Feature FNB Namibia has taken a significant step towards enhancing user experience by introducing a new chat feature within the FNB App. The innovative ChatPay allows users to initiate payments seamlessly without requiring a formal bank account number. According to Amore Nicholson, the Digital Banking Head at FNB Namibia, this solution combines convenience, simplicity, and affordability. Customers can now chat and make payments simultaneously and […] today23 October, 2024
