commodity prices

07 March Biz News: Markets, Earnings, Oil Deals & Trade Policy Shifts

Local Stock Market Update As of yesterday, the local stock market's free float market capitalization stands at N$16.71 billion, with 638,974 shares traded, amounting to N$16.41 million in value across 11 deals. For the month to date, 1,364,598 shares have been traded, totaling N$47.09 million, with 31 deals recorded. FirstRand Ltd Sees 10% Earnings Growth According to CNBC Africa, South Africa’s FirstRand Ltd reported a 10% rise in first-half […]

March 7, 2025 11

Business / Economics

29 October 2024 Morning Business News Update

Beef Industry Growth: The Namibian beef industry has seen remarkable growth this year, with exports reaching 17.6 million kilograms by the third quarter, marking a 66.2% increase compared to the same period in 2023. This surge is largely driven by strong demand from the European Union and consistent contributions from other key markets, as reported by The Brief from the Livestock and Livestock Products Board of Namibia. Dis-Chem's Market Entry: […]

October 29, 2024 12

Business / Economics

Bank of Namibia expected to cut repo rate by 25bps as inflation cooling

By Josef Kefas Sheehama At its first Monetary Policy Committee meeting of 2024, on the 14 February 2024, the Bank of Namibia is expected to cut its Repo Rate by 25 basis points. All of Namibian’s banks now expect the Bank of Namibia to cut its Repo Rate target by 0.25 basis points on the 14 February 2024, which would bring its key lending rate to 7.50%. This […]

February 13, 2024 43