insert_link Business / Economics 12 July 2024 Morning Biz News: Financial News Digest: City of Windhoek’s Strong Performance, Rand’s Rise, Central Bank Actions, and Global Market Indicators 1. City of Windhoek Reports Strong Financial Performance The City of Windhoek has announced robust financial results for the 2022/2023 fiscal year, with a reported turnover of approximately N$5 billion. This revenue surge is attributed to key municipal services including water, electricity, rates and taxes, sewer discharge, and waste removal. Matyayi, emphasizing the critical role of these services, highlighted their contribution to fulfilling the council’s mandate. 2. South African […] todayJuly 12, 2024 12
insert_link Africa Africa begins licensing crypto as verified transactions hit US $117 billion By Conrad Onyango, bird story agency Regulators in Africa are taking steps to bring crypto entities under official oversight as treasuries seek to blunt fiscal risks amid a surge in demand for digital assets. Authorities in South Africa and Nigeria, the continent's most 'crypto-ready' countries, are leading the continent's efforts to place crypto dealers under a licensing regime to protect consumers against money laundering and terrorism-related risks. […] todayApril 2, 2024 11
insert_link Africa Binance to stop transactions in Nigeria Binance, the world's largest cryptocurrency exchange, is ending all transactions and trading in Nigeria's local currency after 8 March 2024. This after Nigeria clamped down on the global crypto exchange, blaming it for feeding a black market for foreign exchange. Ajeck Mangut reports from Abuja. todayMarch 6, 2024 14
insert_link Business / Economics Bitcoin Rallies on Hopes of Renewed Interest Among Mainstream Investors On March 4, the price of Bitcoin broke $65,000, bringing it closer to returning to an all-time high reached in November 2021. NBC reports that the latest rally has been driven by hopes that the launch of bitcoin exchange-traded funds will expand bitcoin's pool of buyers. todayMarch 5, 2024 3
insert_link Africa Nigeria fines cryptocurrency trading company Nigeria has slammed a 10 billion dollar fine on cryptocurrency trading firm, Binance. It says the firm manipulated foreign exchange rates through currency speculation and rate fixing. Tesem Akende reports. todayMarch 4, 2024 34
insert_link Business / Economics 15 February 2024 Morning Biz News: Economic Developments and Financial Indicators: A Snapshot of Recent News In the dynamic landscape of global economies, recent developments highlight the challenges and opportunities faced by various countries. From ambitious power projects in Namibia to currency fluctuations in South Africa, outstanding debts settlement in Nigeria, and unexpected economic downturns in Japan, this article provides insights into the latest economic trends. Additionally, we'll explore the current financial indicators that play a crucial role in shaping the economic landscape. NamPower's Bold […] todayFebruary 15, 2024 1
insert_link Uncategorized Africa’s green energy potential lures crypto miners By Seth Onyango, bird story agency Nomadic crypto miners in search of affordable energy are eyeing Africa, with Ethiopia emerging as a prime location for blockchain mining. This pivot towards the continent is driven by its abundant renewable sources including solar, wind, and hydroelectric power. Ethiopia, with its colossal hydroelectric dam, has seen an increased inflow of bitcoin miners especially from China, who are dodging Beijing's tight […] todayFebruary 14, 2024 6
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
insert_link World Major boost for Bitcoin after SEC ETF approval The United States Securities and Exchange Commission, or SEC, has approved the first-ever bitcoin exchange-traded funds to come out of the US, a watershed moment for the world's largest cryptocurrency. The agency gave the green light to sponsors of 10 ETFs — including BlackRock, Invesco and Fidelity — that'll track bitcoin prices. Most of the products have already begun trading on Thursday. Benji Hyer explains. todayJanuary 12, 2024 8