insert_link 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 6
insert_link 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
insert_link 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 54
insert_link 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 3
insert_link 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 6
insert_link 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
insert_link 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 6
insert_link Namibia Local Economic expert weighs in on Geingob’s Year Of Expectations This period serves as a favorable occasion to contemplate what holds utmost significance. His Excellency Dr Hage G. Geingob has proclaimed 2024 as "The Year of Expectations." With the impending general elections in 2024, there exists significant pressure on political leaders to address economic challenges and enact policies fostering an inclusive and competitive economy. An Independent Economic and Business Researcher offers insights into the National Development Plan 6. todayJanuary 15, 2024 33
insert_link Business / Economics Latest Developments in Business and Finance – The Morning Update NamWater's Ambitious Desalination and Power Plant Project Advances: Namibia Water Corporation Ltd (NamWater) has successfully concluded the Environmental and Social Impact Assessment (ESIA) for its expansive desalination and power plant initiative along the central coast. With an estimated investment of N$4.2 billion, the project aims to address critical water and power needs. The final ESIA report has been prepared following a thorough public review process from September 22 to October […] todayJanuary 15, 2024 4
