Central Bank of Nigeria

Morning Biz News – 17 February 2025

SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […]

17 February, 2025 32

Business / Economics

31 January Biz News: Key Financial Updates and Market Movements

Bannerman Mining Resources Namibia Invests in Etango Project Bannerman Mining Resources Namibia has announced plans to invest over six billion Namibia dollars in the Etango Project. The company has already allocated more than one billion Namibia dollars towards the uranium project in Erongo, signaling a major commitment to the sector. This move will likely boost Namibia's mining industry and contribute to the nation's economic growth. South Africa's Reserve Bank […]

31 January, 2025 21

Business / Economics

Weekly Economics Wrap: Recent Developments in African Business: Market Dynamics, Regulatory Shifts, and Global Impacts

Schwenk Zement International GmbH Terminates Purchase Agreement with RWCo GmbH In a surprising turn of events, Schwenk Zement International GmbH has officially terminated its purchase agreement with RWCo GmbH regarding shares in Schwenk Namibia (Pty) Ltd. The stumbling block cited by RWCo is the Namibian Competition Commission conditions linked to the deal's approval. RWCo argues that these conditions lack a legal basis under Namibian competition law. This development adds a […]

7 March, 2024 16