27 June 2024 Moring Biz News: Namibian Business Pulse: Mining Expo Set for Record Turnout Amidst Currency and Market Developments

1. Chamber of Mines of Namibia Prepares for Record-breaking Mining Expo The Chamber of Mines of Namibia is anticipating a highly successful annual mining expo this year, with expectations pointing towards a record-breaking turnout. Having previously hosted 162 exhibitors and 270 booths, the upcoming event has already secured commitments from 145 exhibitors for 245 booths with six weeks remaining until its commencement. This surge suggests an imminent sell-out, according to […]

June 27, 2024 18

Business / Economics

25 June 2024 Morning Biz News: Global Markets Navigate Volatility: Namibia’s Agricultural Imports Surge, Rand Weakens, Oil Prices Stable, Stocks Mixed Ahead of US Inflation Data

In the dynamic landscape of global markets, several key developments have emerged, impacting economies and industries worldwide. Here's a comprehensive overview of the latest updates: 1. Namibia's Agricultural Imports Surge Amidst Economic Realities Namibia, a nation with a burgeoning agricultural sector, faced significant revelations as Eos Capital Managing Director, Immanuel Kadhila, disclosed that the country imported agricultural products amounting to N$22 billion in 2023. This figure starkly highlights Namibia's heavy […]

June 25, 2024 13

Business / Economics

20 June 2024 Morning Biz News: Global Economic Pulse: Trade Deficits Rise, Inflation Steady, and Strategic Investments in Energy Sector

In the dynamic landscape of global finance, several key developments have emerged recently that underscore significant trends and economic indicators across various regions. Here's a roundup of the latest updates: 1. Namibia Faces Growing Trade Deficit The Bank of Namibia's recent report highlights a concerning trend for the country's economy. Governor Johannes !Gawaxab announced a notable increase in Namibia's merchandise trade deficit, which has surged to N$13.5 billion in […]

June 20, 2024 12

Business / Economics

18 June 2024 Morning Biz News: Telecom Namibia Expands Network Amid Global Market Surges and Dollar Weakness

Telecom Namibia Expands Network Reach with Huawei Collaboration Telecom Namibia has embarked on an ambitious five-year plan to enhance and extend its mobile network infrastructure across Namibia. This initiative comes as a result of a strategic partnership with Huawei, aiming to introduce cutting-edge mobile technologies including 4G, 4.5G, and 5G. These advancements are poised to deliver faster and more reliable mobile broadband services to TN mobile subscribers nationwide. The collaboration […]

June 18, 2024 22

Business / Economics

3 June 2024 Morning Biz News: Market Insights: Choppies Leads Grocery Affordability, South Africa’s Political Landscape Sparks Market Jitters, Saudi Aramco’s Secondary Share Offering, and Dollar Softens Amid Stable U.S. Inflation

1. Grocery Supermarket Comparison: Choppies Leads Affordability Among the seven prominent grocery supermarkets in Windhoek, Choppies has consistently emerged as the most affordable option for standard groceries. According to recent data from The Brief, Choppies reaffirmed its position in May by offering the most cost-effective basket of standard groceries. The overall basket price decreased by 2.6% compared to the previous month, primarily attributed to a drop in vegetable prices per […]

June 3, 2024 13

Business / Economics

22 May 2024 Morning Biz News: Regional Insights: Africa’s Economic Dynamics and Global Market Trends

As the global economy continues to navigate through uncertain waters, recent developments across key African economies shed light on both challenges and opportunities within the region. From discussions on trade facilitation to monetary policy adjustments, here's a comprehensive overview of the latest business news shaping the landscape: 1. Unlocking Commerce Potential in East and Southern Africa Addressing the 39th Regional Steering Group (RSG) Meeting of the World Customs Organization […]

May 22, 2024 5

Business / Economics

21 May 2024 Morning Biz News: Let’s Explore the Latest Financial Developments

In the dynamic landscape of business and finance, staying updated with the latest news and market movements is essential. Here's a snapshot of recent noteworthy events in the realm of commerce and investment: Let she go Holdings Namibia's Successful N$260 Million Offering Let she go Holdings Namibia recently made waves by issuing a N$260 million three-year senior unsecured social note on the Namibian Stock Exchange. This move garnered […]

May 21, 2024 8

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 […]

May 14, 2024 15

Business / Economics

13 May 2024 Morning Biz News: Namibia Sees Sharp Decline in Private Sector Credit, Rand Stable Ahead of U.S. Data Release, Oil Prices Slide Amidst Economic Concerns: Financial Update

Private Sector Credit Disbursements in Namibia Witness Sharp Decline: Official data has revealed a significant downturn in private sector credit disbursements in Namibia over the past year. The figures indicate a notable 65.7% decrease, with disbursements totaling N$1.44 billion compared to N$4.21 billion issued during the preceding equivalent period. The normalized cumulative credit outstanding, excluding interbank swaps and accounting for non-resident private sector claims, stands at N$112.7 billion, as reported […]

May 13, 2024 14

Biz News