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

Biz News

63 Results / Page 2 of 7

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Business / Economics

7 August 2024 Morning Biz News: Nedbank’s Avo SuperShop Growth, South Africa’s Refinery Deal, Nigeria’s Oil Production Surge, and Currency Updates

  Nedbank’s Avo SuperShop Sees Rapid Growth Since its launch in the latter half of 2023, Nedbank’s Avo SuperShop has made significant strides, registering over 1,800 users and featuring more than 3,000 products from 19 merchants. According to Nedbank Group’s unaudited interim results for the six months ending June 30, 2024, both user registration and merchant participation are expected to grow further. The Avo SuperShop offers a digital marketplace for […]

todayAugust 7, 2024 24

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Business / Economics

24 July 2024 Morning Biz News: Financial Brief: Key Updates on Pension Schemes, Currency Movements, and Commodities

GIPF’s Pension-Backed Housing Loan Scheme Gathers Momentum The Government Institutions Pension Fund (GIPF) is poised to enhance its financial offerings with an innovative pension-backed housing loan scheme. This initiative will be facilitated through GIPF’s subsidiary, Kuleni Financial Services, and housing loan fund manager, First Capital Treasury Solutions. The Memorandum of Agreement (MoA) for the scheme is currently under review by the Office of the Prime Minister, as reported by The […]

todayJuly 24, 2024 24

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Business / Economics

11 July 2024 Morning Biz News: Namibia’s Green Scheme Spurs Maize Production Surge Amid Global Economic Trends

Namibia's Green Scheme Boosts Maize Production Amidst Food Security Concerns Namibia's agricultural sector is poised for a significant boost in maize production this season, thanks to the country's Green Scheme projects. Recent reports from the Integrated Food Security Phase Classification by the Food and Agricultural Organisation indicate that maize production is set to increase by 24% to 13,100 metric tonnes, up from 10,600MT in the previous season. This rise underscores […]

todayJuly 11, 2024 17

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Business / Economics

8 July 2024 Morning Biz News: Namibia’s Agricultural Land Prices Surge 21.1%; TotalEnergies Commits to South African Gas Amid Euro Weakness and Stable Oil Prices

 Namibia’s Agricultural Land Prices Surge by 21.1% in Eight Years Namibia's commercial agricultural land market has experienced a significant uptick, with prices soaring by 21.1% over the past eight years. According to the Namibia Statistics Agency, this surge has propelled the national index to 121.1 basis points in 2023, marking a sustained upward trajectory in land values across the country. TotalEnergies Commits to South African Gas Investments Despite Initial Exit […]

todayJuly 8, 2024 40

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Business / Economics

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 […]

todayJune 27, 2024 28

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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 […]

todayJune 25, 2024 20

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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 […]

todayJune 20, 2024 20

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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 […]

todayJune 18, 2024 26

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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 […]

todayJune 3, 2024 20

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