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Business

95 Results / Page 2 of 11

Background

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 9

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 17

Business / Economics

05 April 2024 Morning Biz News: Latest Financial Indicators: Opportunities, Stability, and Upward Trends

In the ever-evolving landscape of global economics, recent projections and indicators shed light on various sectors, from renewable energy to consumer spending and currency markets. Let's delve into the latest financial indicators that reflect opportunities, stability, and upward trends. Namibia's Solar Potential: A Bright Path to Growth Global consultancy firm McKinsey & Company has forecasted a promising future for Namibia's renewable energy sector. By the year 2050, domestic production of […]

todayApril 5, 2024 20

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 5

Namibia

Petrol and diesel price increases

The Mines and Energy ministry has announced a petrol price increase of N$1.52 per litre, effective midnight. Additionally, both diesel grades will see an increase of 72 cents per litre. Stella-Maris Amadhila, an economist at the Ministry of Mines and Energy, provides insights on the matter.  

todayApril 3, 2024 19

Business / Economics

Weekly Economics Wrap: March 21-28, 2024

  As the global economic landscape continues to evolve, this week's wrap-up brings forth significant developments from Namibia, South Africa, across Africa, and internationally. From record-breaking achievements in the mining sector to ambitious economic reforms and market movements, here's a glimpse of the key highlights: Namibia: Andrada Mining's Milestone Performance: Andrada Mining proudly announced record-breaking production figures for the fiscal year 2024 (FY24), accompanied by a robust cash balance of […]

todayMarch 28, 2024 16

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 20

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