insert_link Business / Economics 04 April 2024 Morning Biz News: Financial Highlights and Global Market Trends Here's a roundup of the latest financial news and global market trends shaping economic landscapes worldwide: Namibia's Oil and Gas Sector Attracts Significant Investments: The Bank of Namibia has reported that the oil and gas sector in Namibia has received N$33.4 billion in foreign direct investments between 2021 and 2023. Governor Johannes !Gawaxab highlighted the transformative potential of these investments, which have been catalyzed by a substantial oil discovery in […] todayApril 4, 2024 4
insert_link Business / Economics 28 March 2024 Morning Biz News: Economic Insights: Record Mining Production, Nigeria’s Economic Overhaul, and Global Market Trends In the dynamic landscape of global economics, recent developments highlight both achievements and strategic shifts aimed at fostering growth and stability. From record-breaking production figures in the mining sector to comprehensive economic reforms in Nigeria, coupled with fluctuations in oil prices and currency markets, these events offer insights into the current state of affairs and future trajectories. Andrada Mining's Milestone Performance Andrada Mining has made headlines with its remarkable […] todayMarch 28, 2024 19
insert_link Business / Economics 25 March 2024 Morning Biz News: Financial Insights: Updates from the Global Market 1. Fitch Ratings Affirms Development Bank of Namibia's Ratings Despite Losses Fitch Ratings recently announced its decision to maintain the Development Bank of Namibia Limited's Long-Term Issuer Default Ratings at 'BB-' and its National Long-Term Rating at 'AA+(zaf)', with a stable outlook. Despite facing a setback with a N$270 million loss in the 2023 financial year due to high loan impairment charges, Fitch remains optimistic about the bank's future. The […] todayMarch 25, 2024 9
insert_link Business / Economics Global Financial Landscape: Collaborative Initiatives and Market Dynamics Germany and Namibia Join Forces for Green Hydrogen Initiative In a significant stride towards sustainable energy development, Germany and Namibia have inked a pivotal agreement to bolster the Green Hydrogen Namibia Programme. This collaborative effort signifies a dedicated push towards constructing local H2 value chains aimed at fostering socio-economic growth while prioritizing environmental sustainability. The Green Hydrogen Namibia Programme, a newly established organization, emerges as a beacon of hope in […] todayMarch 22, 2024 2
insert_link Business / Economics 18 March 2024: Morning Biz News: Financial Snapshot: Key Indicators in Focus Standard Bank Holdings Namibia Reports Robust Profit Growth: Standard Bank Holdings Namibia has announced a significant increase in profit after tax for the period ending December 31, 2023. The reported profit surged to N$770 million, marking a notable 23.3% rise from the previous year's figure of N$624 million. This impressive growth is attributed to several factors, including a 24.6% increase in net interest income, largely driven by ongoing repo rate […] todayMarch 18, 2024 12
insert_link Business / Economics 15 March 2024 Morning Biz News: Recent Developments in Business and Finance 1. Custos Energy Strikes Oil in Mopane-2X Well Custos Energy has made a significant breakthrough with the discovery of high-quality light oil during the drilling of the Mopane-2X well. Galp Energia, a subsidiary of Portugal's Galp, leads the operation under Petroleum Exploration Licence 83, holding an 80% interest. The National Petroleum Corporation retains a 10% stake, with Custos Energy holding the remaining 10% working interest. 2. PAR Group Announces Expansion […] todayMarch 15, 2024 3
insert_link Business / Economics 14 March 2024 Morning Biz News: Strategic Expansion: Namib Desert Diamonds Targets Far East Markets Namib Desert Diamonds (NAMDIA) has set its sights on the Far East, with a strategic push into markets in Vietnam and Hong Kong. This move, spearheaded by Alisa Amupolo, the Chief Executive Officer of NAMDIA, aims to leverage emerging opportunities and position the company for substantial revenue growth in the region. The announcement of this expansion underscores the growing significance of Far East markets in the global diamond trade. With […] todayMarch 14, 2024 7
insert_link Business / Economics 11 March 2024 Morning Biz News: Economic Highlights: Entrepreneurship Training, Rand Strengthens, Nigeria’s Forex Inflows, and Saudi Aramco’s Plans in China Empowering Namibian Entrepreneurs The Ministry of Industrialisation and Trade in Namibia has celebrated a significant milestone in its efforts to foster entrepreneurship. The EMPRETEC Namibia program, initiated in 2019, has successfully provided entrepreneurship training to approximately 2000 Macro, Small, and Medium Enterprises (MSMEs). In a recent expansion of this impactful initiative, an additional 188 MSMEs commenced their training on Friday. This initiative contributes substantially to the growth and development of […] todayMarch 11, 2024 9
insert_link Business / Economics 08 March 2024 Morning Biz News: Economic Insights: NPTH Dividends, Sanlam’s Profit Surge, Currency and Oil Market Updates In the ever-evolving landscape of global finance, recent developments have provided a comprehensive snapshot of economic trends and indicators. From Namibia's Post and Telecommunications Holdings (NPTH) disbursing significant dividends to South African insurer Sanlam's impressive profit surge, let's delve into the latest financial highlights and explore the current market dynamics. NPTH's Financial Contribution to Namibia Since its establishment in 1992, Namibia Post and Telecommunications Holdings (NPTH) has been a pivotal […] todayMarch 8, 2024 13
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
