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

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33 Results / Page 1 of 4

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Business / Economics

06 March Morning Biz News Roundup: Banking Fees, Rand Strengthens, Coffee Price Surge, Canada vs. US Tariffs

Parliament Debates Investigation Into Unethical Banking Fees and Overcharging Parliament is currently engaged in a discussion over a potential investigation into unethical banking fees and overcharging practices in Namibia. Some Members of Parliament (MPs) have voiced concerns about the negative impact high banking fees have on consumers and small businesses, urging for more financial transparency and possible regulatory reforms to address the issue. The proposed motion aims to ensure that […]

todayMarch 6, 2025 25

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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 […]

todayMarch 5, 2025 13

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Business / Economics

04 March Morning Biz News: Shiimi Appoints New Procurement Board, Fuel Price War Erupts in Nigeria, and Sinopec Unveils Major Oil Discovery

Finance Minister Reshuffles Central Procurement Board Finance Minister Ipumbu Shiimi has made key appointments to the Central Procurement Board of Namibia, ensuring continuity and fresh leadership. Mary Ndeshihafela Shiimi and Julinda Memosa //Garus-Oas have been reappointed, with Shiimi serving as the board chairperson. Meanwhile, Brian Katjaerua has been appointed as the new deputy chairperson. These appointments aim to enhance efficiency in procurement processes and strengthen governance. South African Manufacturing Sector […]

todayMarch 4, 2025 22

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Business / Economics

Morning Biz News 26 February 2025: NamRA Revenue Surges, BP Shifts Strategy, and AfDB Backs SMMEs

NamRA Collects N$79.3 Billion in Revenue The Namibia Revenue Agency (NamRA) has collected N$79.3 billion in revenue as of 31 January 2025. According to NamRA’s latest figures, domestic tax collections amounted to N$31.36 billion, while customs and excise duties contributed N$48 billion. The total revenue estimate for the 2024/2025 financial year is projected at N$85.3 billion. South Africa’s Poultry Master Plan Exceeds Targets In South Africa, the first phase of […]

todayFebruary 26, 2025 14

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Business / Economics

Morning Market Roundup: 24 February 2025

  Local Market Performance Namibia’s stock market saw significant trading activity, with over 1.5 million shares exchanged across 15 deals, amounting to a total value of N$12 million. The financial sector led market transactions, contributing N$9.4 million, followed by consumer staples and discretionary stocks. Year-to-date, the market has recorded 9.17 million shares traded, reaching a combined value of N$537.9 million. Sasol’s Secunda Plant Faces Uncertain Future A new study in […]

todayFebruary 24, 2025 12

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Business / Economics

Morning Biz News – 18 February 2025

Local Market Update The Namibian stock market saw a total of 337,067 shares traded on 17 February 2025, amounting to N$9.32 million across 20 deals. Year-to-date, total trades have reached 8.5 million shares, valued at N$505.68 million. According to the NSX daily report, Financials, Basic Materials, and Consumer Staples led in value, while Exchange-Traded Products contributed N$12.03 million in trades so far this year. Rand Weakens Ahead of Budget Speech […]

todayFebruary 18, 2025 19

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Business / Economics

Morning Biz News – 12 February 2025

Strengthening Namibia’s Oil & Gas Sector The Petroleum Training and Education Fund (Petrofund) and Single Buoy Moorings Offshore (SBM Offshore) have signed a memorandum of understanding to enhance capacity building in Namibia’s oil and gas sector. This collaboration underscores their commitment to developing a skilled workforce capable of excelling in the upstream petroleum industry. The agreement aims to provide specialized training and knowledge transfer to ensure Namibians benefit from the […]

todayFebruary 12, 2025 37

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Business / Economics

11 February 2025 Morning Biz News

Namibia’s Diamond Production Drops as Namdeb Surges Namibia's rough diamond production totaled 2.234 million carats in 2024, reflecting a 4% decline from the 2.327 million carats mined in 2023, according to the latest data from De Beers, as reported by The Brief. Despite the overall decline, Namdeb saw a remarkable 30% surge in output, reaching 609,000 carats compared to 468,000 carats the previous year. In the fourth quarter alone, Namdeb's […]

todayFebruary 11, 2025 13

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Business / Economics

05 February: Morning Business News Update

  Here are the key financial developments making waves in the markets: Namibia Repo Rate Prediction: A local economic analyst predicts a decrease of 75 basis points in Namibia's repo rate during the 2025 financial period. Max Rix, a senior analyst at Simonis Storm Securities, shared his outlook with NewsOnOne, forecasting a 3.8% GDP growth for the same period. The forecasted rate cut reflects expectations of a more accommodative monetary […]

todayFebruary 5, 2025 11