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

Biz News

63 Results / Page 1 of 7

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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 9

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Business / Economics

6 November 2024 Morning Biz News: Strengthening Trade Relations: Key Developments from Namibia, South Africa, Kenya, and China

      This week, the global economic landscape has seen notable developments, with high-level talks aimed at boosting trade relations, promising improvements in economic indicators, and significant policy shifts in key international markets. Below are some of the latest highlights that matter for businesses and investors: 1. Strengthening Namibia-EU Trade Relations In Windhoek this week, a high-level conference will take place with a focus on deepening trade relations between […]

todayNovember 6, 2024 10

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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 18

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Business / Economics

25 October 2024 Morning Biz News Update: Key Developments in Global Markets

In the latest business news, several significant developments have emerged that could impact global markets and economies. Here’s a summary of key highlights from various sectors: Diamond Production Decline Diamond production has witnessed a notable decline of 14% in the third quarter of 2024, with total output reported at 0.5 million carats. The De Beers Group attributed this decrease to a strategic decision to scale back production at Debmarine Namibia. […]

todayOctober 25, 2024 17

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24 October 2024 Biz News: Coastal Tourism Thrives Amidst Global Economic Shifts: A Look at September 2024’s Key Developments in Namibia and Beyond

In September 2024, the coastal region witnessed a remarkable surge in tourism activity, achieving an impressive occupancy rate of 74.45%, the highest recorded in the country. This growth has been attributed to a variety of social, sporting, and leisure events, such as annual marathons and regional festivals, according to The Brief publication. The influx of visitors not only boosted local businesses but also underscored the region's potential as a vibrant […]

todayOctober 24, 2024 16

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Business / Economics

22 October 2024 Morning Biz News: Economic Developments and Financial Indicators

  1. Rössing Uranium's Investment Boosts Local Employment in Swakopmund Rössing Uranium has made a significant investment of N$20 million in the construction of a new police station in Swakopmund, generating over 100 jobs for local residents since the project began in July. According to The Brief, the development is currently 46% complete and is expected to be finalized by January 2025. This initiative not only aims to enhance community […]

todayOctober 22, 2024 19

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Business / Economics

26 September-3 October 2024 Weekly Economics Wrap

  This week’s economic highlights reflect a mixture of local and international developments impacting investment, currency stability, and market performance across various sectors. Namibia's Investment Reluctance A significant portion of Namibians are hesitant to invest, with the 2023 Old Mutual Financial Services Monitor revealing that 37% of the population is unwilling to accept any investment risks. This trend is particularly pronounced among younger consumers, indicating a broader reluctance to engage […]

todayOctober 3, 2024 16

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23 August 2024 Moring Biz News: Major Contracts, Interest Rate Debates, Legal Settlements, and Financial Market Updates

Savanna Beef Secures Major Contract with GPS Food Group Savanna Beef has landed a significant contract with global food giant GPS Food Group, ensuring a stable market for its products and enhancing its production processes. Announced by Chairperson Mecki Schneider, the agreement, signed on April 30, is set to significantly bolster the company's growth. This partnership marks a major step forward for Savanna Beef, providing valuable support and stability as […]

todayAugust 23, 2024 14

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Business / Economics

19 August 2024 Morning Biz News: Pupkewitz Megabuild Reports Major Price Drop; Rand Surges as South African Stocks Hit Record Highs; Epic Games Launches New App Store

Pupkewitz Megabuild Sees Major Price Drop Pupkewitz Megabuild in Windhoek has reported a significant 23.45% decrease in its basket of goods for August. This drop is the largest year-on-year decline among the four hardware stores surveyed by The Brief. Key price reductions include paint, which saw a dramatic fall from N$2,576.00 to N$928.99. Additionally, Door Frame Steel and Roofing Galvanized IBR prices have also decreased, reflecting a broader trend of […]

todayAugust 19, 2024 14

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