insert_link World Elon Musk sued for million dollar election lottery Elon Musk is being sued for his lottery-style stunt, after he started giving away a million dollars per day to one lucky voter. Philadelphia's District Attorney is taking legal action against the tech billionaire and his political action committee, with the US Justice Department warning the scheme might violate federal law. Benji Hyer reports. today29 October, 2024
insert_link Africa Pick n Pay to Exit Nigerian Market South African grocery retailer Pick n Pay has announced its decision to exit Nigeria by selling its 51% stake in a joint venture, as part of its restructuring efforts outside its home market, according to CEO Sean Summers says Reuters. The retailer, which operates two stores in Nigeria, entered the market less than five years ago through a partnership with A.G. Leventis (Nigeria). today29 October, 2024
insert_link Local TRUSTCO Group solidifies insurance and property holdings with strategic transaction. Trustco Group Holdings Limited (Trustco) today announced its acquisition of an additional 11.35% interest in Legal Shield Holdings Limited (Legal Shield) from Riskowitz Value Fund LP (RVF) for NAD 468 million. This will increase Trustco’s holding in Legal Shield to 91.35%. The strategic transaction fortifies Trustco's investment footprint in the insurance and real estate sectors in Namibia, both primed for substantial growth in the post-pandemic landscape. The coveted […] today23 April, 2024
insert_link Business / Economics BIZ NEWS: Economic Developments and Global Partnerships: A Roundup of Recent Updates 1. Trans-Kalahari Railway Tender Nears Conclusion for Crucial Botswana Connection The Namibian government is actively engaged in finalizing the awarding of the Trans-Kalahari railway tender, with the goal of establishing a vital connection with Botswana by the end of the current year. The tender, which concluded in November 2023, garnered significant interest from both international and local companies, reflecting a strategic move towards enhancing regional infrastructure. 2. Arcelormittal South Africa […] today30 January, 2024
insert_link Business / Economics Biz Buzz: Namibia Triumphs as Best Startup Ecosystem in Africa and More Financial Highlights 1. Namibia Secures Best Startup Ecosystem Title Namibia has clinched the esteemed title of the Best Startup Ecosystem in Africa, a testament to the country's unwavering dedication to fostering entrepreneurship resilience and maintaining a supportive business environment. The Namibia Investment Promotion and Development Board proudly accepted this accolade, recognizing the nation's efforts in promoting innovation, fostering cross-continental collaboration, and encouraging entrepreneurial endeavors. 2. Invest in African Energy Forum Returns to […] today12 January, 2024
insert_link Uncategorized Morning Breaking Business News: Global Economic Highlights By Leonard Witbeen | January 10, 2024 Namibia Revenue Agency Launches Second Time Release Study In a strategic move to enhance trade efficiency, the Namibia Revenue Agency has revealed plans for the second Namibia Time Release Study at the Trans Kalahari Border Post. Scheduled from January 15 to January 25, the study aims to provide a comprehensive assessment of the real-time duration for the release and clearance of goods. It […] today11 January, 2024
