Business

Market Watch – 30 January

With a look at the year ahead, including the implications of the looming water crisis in the central areas of the country, Michelle van Wyk talks to Robert McGregor. https://iono.fm/e/1401101

31 January, 2024

Business / Economics

The Alexforbes Lead Story – 30 January

With the Trustco Group having recently announced that they would be tapping into their shareholders in order to acquire N$ 2.4 billion for investments into the local economy, The Business Report caught up with Deputy CEO Quinton van Rooyen Jnr. to find out more. https://iono.fm/e/1401105

31 January, 2024

Business / Economics

31 JANUARY BIZ NEWS: Global Financial Landscape: Surges in Namibian Exports, Nigeria’s Diversification Plans, and Market Dynamics Shape January Trends

Namibia's Horticultural Exports Surge by 26% to N$1.73 Billion: According to the latest statistics, Namibia's horticultural produce exports witnessed an impressive 26% growth, reaching N$1.73 billion from April to September. This marks a significant increase from N$1.37 billion recorded in the corresponding period of 2022-2023. The Namibian Agronomic Board reports a substantial rise in export tonnage, soaring from 73,140 in 2022-2023 to over 111 thousand in 2023-2024, reflecting a remarkable […]

31 January, 2024

Africa

26 January 2024 Business Highlights – The World’s Latest Economic Developments

By Leonard Witbeen Namibia Airports Company Engages Local Leaders for Airport ExpansionThe Namibia Airports Company (NAC) is in talks with traditional authorities and local leadership in the Zambezi and Kavango East regions to secure additional land for the development of modern airports. Bisey Uirab, NAC's CEO, highlighted that the current airports in the Zambezi and Kavango East regions are situated on land owned by the Ministry of Defence and Veterans […]

26 January, 2024

Africa

BIZ NEWS JANUARY 25, 2024: Namibian Government Rules Out Immediate National Airline, Hints at Regional Carrier Future

In the wake of Air Namibia's 2021 liquidation, the Namibian government has officially dismissed any immediate plans for a new national airline. Works and Transport Minister John Mutorwa conveyed this decision, while also offering a glimpse of hope for the emergence of a future Namibian-flag carrier. Mutorwa hinted at the possibility of a smaller, regional airline taking flight down the line. [Read more] South Africa's Inflation Sees Further Decline in […]

25 January, 2024

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. […]

24 January, 2024

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.

24 January, 2024

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 […]

23 January, 2024

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 […]

22 January, 2024