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

Biz News

63 Results / Page 4 of 7

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Business / Economics

12 April 2024 Morning Biz News: GIPF’s ESG Investments, WeBuyCars IPO, Oil Price Surge, and Currency & Commodity Updates

GIPF Ventures into ESG Investments: The Government Institutions Pension Fund (GIPF) is diversifying its investment portfolio by exploring opportunities in Environmental, Social, and Governance (ESG) sectors. With a focus on sustainable development, GIPF aims to collaborate with fund managers whose policies align with ESG principles. Targeting initiatives like SDG Namibia One and green climate fund managers, GIPF emphasizes its commitment to responsible investing. WeBuyCars Makes Splash on JSE: South African […]

todayApril 12, 2024 20

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Business / Economics

Morning Biz News – April 10, 2024: Galp Energia’s N$2.4 Billion Namibian Investment, Rand Strength, and Market Stability Dominate Financial Landscape”

Galp Energia Invests N$2.4 Billion in Namibia, Prioritizing Local Suppliers Galp Energia, a prominent player in the energy sector, has announced a significant investment of approximately N$2.4 billion in Namibia's upstream projects in 2023. Notably, over 61% of this investment has been allocated to local suppliers, underlining the company's commitment to fostering local economic growth. Filipe Silva, CEO of Galp Energia, emphasized the company's strategic focus on growth, with a […]

todayApril 10, 2024 18

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Business / Economics

09 April 2024 Morning Biz News: Latest Financial Highlights: Growth, Strength, Collaboration, and Market Insights

The Namibia Depository Guarantee Authority reported a growth in its investment value to N$16.2 million by the end of the 2022 financial year, attributed to received premiums and interest earnings. Florette Nakusera, NDGA's head, affirmed the security of the fund's assets, which were invested in line with approved policies and guidelines. South Africa's rand saw a boost following central bank data indicating a rise in foreign reserves last month. By […]

todayApril 9, 2024 10

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Business / Economics

Recent Financial Developments: Namibia’s MetMast Inauguration, Zimbabwe’s Currency Plans, Wall Street Rally, and Crude Oil Surge

Namibia's Hyphen Meteorological Mast Inaugurated: President Nangolo Mbumba has officially inaugurated the Hyphen Meteorological Mast and its associated sensor equipment in Tsau //khaeb National Park, near Lüderitz, in the //Kharas region. Standing at 120 meters tall, the MetMasts are equipped with advanced instruments to measure various parameters such as wind, temperature, humidity, and solar irradiation. Zimbabwe Plans to Introduce New Currency: Zimbabwe's central bank announced plans on Friday to replace […]

todayApril 8, 2024 18

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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 7

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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 21

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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 13

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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 5

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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 16

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