insert_link Business / Economics 12 March 2024 Morning Biz News: Pupkewitz Group Expands Beyond Namibia, Financial Indicators, and Global Market Highlights Pupkewitz Group's International Endeavors The Pupkewitz Group, a prominent Namibian conglomerate, has taken a significant step toward international expansion with the inauguration of its first retail store outside Namibia. The Megatech branch, located in Upington, South Africa, marks the Group's foray into new markets. Andrea Barry, Chair of the Megatech Board and a Director at Pupkewitz Holdings, emphasized the strategic advantage of Namibia's geographical positioning, allowing the Group to […] today12 March, 2024
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 […] today11 March, 2024
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 […] today8 March, 2024
insert_link Business / Economics 29 February Morning Biz News: Latest Financial Highlights: Government Revenue Projections, Harmony Gold’s Record Dividend, Binance Executives Detained, and Oil Price Decline In the ever-evolving landscape of global finances, several key developments have recently taken place, shaping the economic outlook for the near future. This article delves into the latest financial indicators, exploring government revenue projections, Harmony Gold's historic dividend announcement, the crackdown on cryptocurrency exchanges in Nigeria, and the recent decline in oil prices. Government's Fiscal Initiatives: The Namibian government has unveiled its fiscal year 2024/25 revenue projections, with a […] today29 February, 2024
insert_link Business / Economics 27 February 2024 Morning Biz News: Summary of Financial News: Namibia's Tax Policies and Concerns: Analysts and industry experts are closely scrutinizing Namibia's tax policies, expressing concerns about the efficiency of revenue collection processes, specifically in tax refund processing. Cameron Kotze, the risk and compliance manager at Namib Mills, is urging the government to consider introducing capital gains tax incentives as part of broader reforms to streamline the system and stimulate economic growth. South Africa's Rand Depreciation: South Africa's rand […] today27 February, 2024
insert_link Business / Economics EXCLUSIVE INTERVIEW: Navigating Namibia’s Gray Listing: Insights from Independent Business and Economics Researcher Josef Kefas Sheehama In a recent conversation with independent business and economics researcher Josef Kefas Sheehama, the focus turned to Namibia's gray listing by the Financial Action Task Force on the 23rd of February. Despite the challenges posed by this development, Sheehama emphasizes that being on the gray list is not a death sentence for Namibia's economy. In this article, we delve into Sheehama's insights on the impact of the gray listing […] today27 February, 2024
insert_link Business / Economics Driving Economic Transformation: Namibia’s Strategic Moves, South Africa’s Inflation Trends, and Global Financial Indicators In the dynamic landscape of global economics, strategic initiatives play a pivotal role in shaping the future prosperity of nations. In this article, we delve into three key developments that are currently influencing economic dynamics: Namibia's focus on dry ports and railway upgrades, South Africa's inflation trends, and the latest global financial indicators. Namibia's Economic Transformation: Analysts are highlighting the transformative potential of prompt execution of dry ports and […] today22 February, 2024
insert_link Business / Economics 20 February 2024 Morning Biz News: “Namibia Seeks Higher Diamond Stake in De Beers Negotiations, Rand Faces Decline Amidst Economic Anticipation, and Naira Hits Record Lows: A Snapshot of Current Financial Dynamics” Namibia is actively engaging in negotiations with De Beers to secure a higher percentage of diamonds extracted within its borders. Currently, Namibia retains 15% of diamonds mined by Debmarine and Namdeb for value addition under the existing agreement. With this arrangement set to conclude in 2026, Mines Minister Tom Alweendo has revealed ongoing discussions to potentially increase the country's share of diamonds. The South African rand faced a decline against […] today20 February, 2024
insert_link Business / Economics Morning Biz News 19 February 2024 :Economic Highlights: Developments and Challenges Across Africa In the ever-evolving landscape of African economies, recent developments and challenges have shaped the financial outlook for various nations. This article explores key updates from Puma Energy Namibia, South Africa's currency resilience, the African Development Bank's economic report, and the impact of U.S. economic indicators. Puma Energy Namibia's Pause on EV Charging Stations: Puma Energy Namibia recently announced the temporary suspension of its initiative to install electric vehicle (EV) […] today19 February, 2024