insert_link Business / Economics 10 June 2024 Morning Biz News: Business News Highlights: Namibia’s Ocean as Economic Pillar, Volkswagen’s Power Supply Challenges, Oil Price Decline, and Euro’s Reaction to Macron’s Election Call Namibia’s Ocean: A Vital Economic Resource President Nangolo Mbumba has underscored the significance of Namibia's ocean, describing it as a crucial economic resource for the country. Annually, the ocean generates N$10 billion and contributes 5% to Namibia's GDP. According to The Brief, Mbumba emphasized that this vital asset supports thousands of jobs and ensures food security but is under significant threat from climate change and human activities. The president called […] todayJune 10, 2024 13
insert_link Business / Economics 26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments 1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […] todayMarch 26, 2024 18
