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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Economic Growth

104 Results / Page 2 of 12

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8 November 2024 Morning Biz News: Global Financial Trends: Inflation, Interest Rates, and Economic Shifts Impacting Namibia and Beyond

    In the face of global economic challenges, key financial developments are shaping markets worldwide, from inflation trends to shifting interest rates, and changes in trade policies. Recent updates highlight how Namibia is positioned within these global trends, with a strong focus on inflation, exchange rates, and monetary policies that influence everything from local purchasing power to international trade dynamics. Here’s an overview of the most important financial updates […]

todayNovember 8, 2024 13

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Namibia

Government Unveils National Plan to Boost Food Security

The Agriculture ministry, in collaboration with agri-food stakeholders, launched the National Agriculture Investment Plan to address food insecurity. The African Union's CAADP compact was also signed to support agricultural transformation and economic growth. To explain some of the challenges they are facing, here's the President of the National Farmers Union Adolf Muremi:  

todayNovember 7, 2024 29

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Business / Economics

4 November 2024 Morning Biz News: Namibia’s Economic Growth and Opportunities: A Business Overview

    The Namibian economy is witnessing significant developments across various sectors, with ambitious plans and partnerships paving the way for growth. The Namibia Berries Project is leading the charge with a strategic expansion plan that aims to increase its cultivated area by 75 hectares annually. Founder Michael Rodenburg has set a target of reaching 240 hectares by 2026, with a long-term vision of 500 hectares. The project's scalability will […]

todayNovember 4, 2024 16

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Business / Economics

Development Bank of Namibia Reports N$62 Million Profit Amidst Job Creation Efforts

The Development Bank of Namibia has announced an investment of over N$21 billion towards the country's development, resulting in the creation of more than 76,000 jobs since its establishment 20 years ago. For the FY2023/2024, according to reports by The Brief, the bank reported a net operating profit of N$62 million, a significant recovery from the N$270 million loss in 2022. Although the bank aimed for a N$100 million profit, […]

todayNovember 1, 2024 12

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Business / Economics

ActionSA criticizes 2024 mid-term budget promises

ActionSA says the 2024 mid-term budget fails to meet the government of National Unity’s promises. Party representative Alan Beesley welcomed increased SARS funding but criticised the 1.1-percent economic growth projection, saying it falls short of the needed three-percent. Beesley argues that government neglects economic stability, keeping a bloated cabinet while essential services like policing, healthcare, and education suffer. He labels the budget’s priorities as misplaced, calling for urgent focus on […]

todayOctober 31, 2024 11

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Business / Economics

31 October 2024: Navigating Economic Shifts: Key Financial Updates from Namibia and Beyond

In recent developments, Finance Minister, Ipumbu Shiimi, has announced an extension of the country’s tax amnesty programme, now set to conclude on October 31, 2026. During his mid-term budget review presented in Parliament, Shiimi highlighted the overwhelming requests from various sectors to prolong this programme, which allows taxpayers to settle their full tax debts without incurring penalties or interest. This initiative is designed to enhance tax compliance and boost government […]

todayOctober 31, 2024 15

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South Africa

OUTA Calls for Budget Focus on S.A’s Corruption and Economic Stability….

The Organisation Undoing Tax Abuse has urged Finance Minister Enoch Godongwana to prioritize anti-corruption efforts in the medium-term budget policy statement, advocating for reduced spending on non-core state-owned entities. Meanwhile, agriculture organization TLU SA expects the budget to focus on economic growth and stability in light of the changing political climate. TLU SA’s Bennie van Zyl emphasized the importance of enhancing security and economic confidence in South Africa.  

todayOctober 30, 2024 21

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Namibia

Business Confidence Climbs Amid Improved Credit Access

The latest Standard Bank Afrotrade barometer indicates a rise in local business confidence, with the index score increasing from 58 to 59 out of 100 since May 2023. As per The Brief, this boost is largely due to improved access to credit, as only 39% of surveyed businesses reported challenges in securing credit, a slight improvement from 42% reported in May 2023.

todayOctober 29, 2024 12

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