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

Business

97 Results / Page 9 of 11

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Business / Economics

BUSINESS AND FINANCIALS UPDATE 24 JANUARY 2024

Orano Mining Namibia Contemplates Resuming Operations at Trekkopje Mine Amidst Uranium Price Surge: Orano Mining Namibia is currently exploring potential actions, including the potential resumption of operations at its Trekkopje Mine, driven by the recent upswing in uranium spot prices. The mine, located in the Erongo Region, was placed under care and maintenance in 2013, with the commencement of operations deferred indefinitely, contingent upon the eventual recovery of uranium prices. […]

todayJanuary 24, 2024 6

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Business / Economics

Namibia’s Annual Inflation Moderates to 5.3% in December 2023

In December 2023, Namibia experienced a moderation in its annual inflation rate, standing at 5.3% year-on-year. This represented a slowdown from the 5.7% year-on-year figure observed in November 2023 and a more substantial decline from the 6.9% recorded the previous year. FNB Namibia Economist, Ruusa Nandago, provides insights into what can be anticipated regarding inflation for the year 2024.  

todayJanuary 24, 2024 24

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Business / Economics

Latest Financial News Highlights – 23 January 2024

China Aims to Surpass $1 Billion Trade with Namibia China has reaffirmed its commitment to enhance trade ties with Namibia, aiming to exceed the US$1 billion trade achieved in the previous year. The focus is on fostering collaborations in vital sectors such as agriculture, aquaculture, tourism, and mining. Official statistics indicate a substantial 29% increase in bilateral trade volume between China and Namibia from January to September 2023 compared to […]

todayJanuary 23, 2024 8

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Business / Economics

Economic Highlights and Financial Indicators: A Snapshot of Recent Developments

Namibia's Tourism Sector Sees a Surge in Leisure Travel: In 2023, the Hospitality Association of Namibia reported a significant shift in travel patterns, with 90% of visits attributed to leisure trips. This marks a notable increase from the 84% recorded in 2019. The data suggests a growing preference for immersive and experiential travel within Namibia's tourism industry, reflecting a positive trend for the country's leisure sector. South Africa's Rand Weakened […]

todayJanuary 22, 2024 2

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Interview Transcripts

Carlos Tuafeni Bobby Jackson: Young Entrepreneur At Windhoek’s Single Quarters Making a Difference with Salsa Business

Carlos Tuafeni Bobby Jackson, a young entrepreneur, shared insights into his flourishing salsa business at the single quarters. The interview aimed to shed light on what inspired Carlos to embark on this entrepreneurial venture and his message for those facing challenging days. Carlos introduced himself  and shared that his main business at the single quarters revolves around cutting and selling salsa. Inspiration Behind the Business: When asked about the inspiration […]

todayJanuary 20, 2024 57

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Business / Economics

Morning Biz News- Headline: “Namibia’s Trade Dynamics, Rand Strengthens, Nigeria Supports Shell, and Oil Prices Fluctuate in Global Markets”

1. Namibia's Trade Balance Shows Improvement in November 2023 Namibia's trade balance exhibited a deficit of N$4 billion in November 2023, reflecting an improvement compared to the N$4.5 billion deficit recorded in October 2023. The trade landscape underscores China as the largest market for exports, while South Africa maintains its position as Namibia's primary supplier. This update offers insights into the country's evolving economic relationships and trade dynamics. 2. South […]

todayJanuary 19, 2024 5

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Business / Economics

Recent Developments in African Economies: Namibia Leads in Drilling Rig Demand, South Africa Faces Retail Sales Decline, Nigeria Resolves Forex Forward Liabilities, and Oil Prices Rise

Here's your morning Biz News. Namibia's prominence in the competitive energy sector is underscored by its top-five position among African countries with the highest demand for drilling rigs, according to the State of African Energy 2024 Outlook. The African Energy Chamber recognizes Namibia's significant role in efficient and sustainable resource exploration. South Africa experiences a 0.9% year-on-year decline in retail sales in November, following a revised 2.3% drop in October, […]

todayJanuary 18, 2024 7

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Business / Economics

Market Moves and Financial Frontiers: Trustco’s Strategic Investment, Fuel Price Projections, Corporate Governance Agreements, and Asian Stocks’ Setback Unveiled

1. Trustco Group Holdings Secures NAD 950 Million Investment from Riskowitz Value Fund LP In a strategic move to bolster its financial standing and consolidate its presence in the local economy, Trustco Group Holdings Limited is on the brink of finalizing significant deals with key shareholders. A substantial cash investment, expected to reach up to NAD 950 million, is in the pipeline, with the United States fund, Riskowitz Value Fund […]

todayJanuary 17, 2024 5

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Business / Economics

6am 16 January 2024 Economic Highlights and Financial Indicators: A Recap of Recent Developments

  Namibia's Economic Growth Projection for 2024: Namibia is poised to witness one of the slowest economic growth rates in Africa in 2024, ranking ninth according to the United Nations (UN) World Economic Situation Prospects Report. The report forecasts a deceleration in the country's gross domestic product (GDP) to 2.6%, down from the 3.2% projected for 2023. South African Rand Weakening Against the Dollar: On Monday, the South African rand […]

todayJanuary 16, 2024 7

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