Economic Growth

Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates

Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […]

25 February, 2025

Business / Economics

NIDA Reports N$3 Billion in Assets in First-Ever Annual Report

The Industrial Development Agency released its first annual report since its establishment in 2018, revealing asset management worth N$3 billion. NIDA Board Chairperson Sebulon Kankondi shared the figures, while Finance Minister Iipumbu Shiimi urged the agency to adopt a high-performance culture. NIDA CEO Richwell Lukonga :

25 February, 2025

Africa

Botswana Holds Interest Rate Steady Amid Rising Inflation

Botswana’s central bank has maintained its monetary policy rate at 1.90% for the third consecutive meeting, the bank announced on Thursday says CNBCAfrica. Inflation rose to 2.5% in January, up from 1.7% in December, but remains below the Bank of Botswana’s preferred range of 3% to 6% in the medium term. The country’s economy, heavily reliant on diamond exports, faced a contraction last year due to weakened global demand for […]

21 February, 2025

Business / Economics

Banking Leaders Chart the Future at CEO Roundtable

The banking sector CEOs gathered for a strategic roundtable discussion this week, focusing on pressing challenges such as climate risk, cybersecurity, and regulatory policies. The event, hosted by the Bank of Namibia, carried the theme "Setting the Scene and Driving Impact for 2025," as highlighted by Ms. Naufiku Hamunime, Technical Expert in International Relations & Sustainability.

21 February, 2025

Business / Economics

Ramaphosa Opens G20 Foreign Ministers Meeting in S.A

S.A President Cyril Ramaphosa has officially opened the G20 Foreign ministers meeting at Nasrec in Johannesburg, marking the first meeting under South Africa’s G20 presidency. In his keynote address, Ramaphosa welcomed delegates and highlighted the significance of the summit being held on African soil for the first time. He called for greater cooperation and solidarity among nations to address global challenges like poverty, inequality, and conflict:

21 February, 2025

South Africa

SA Union Criticizes Government for Neoliberal Policies

The South African Federation of Trade Unions says the government of national unity continues to champion neoliberal economic policies that actively undermine job creation. Saftu’s spokesperson, Newton Masuku, says ahead of Finance minister, Enoch Godongwana’s budget speech today, they are demanding an immediate reversal of austerity measures. Meanwhile, the Public Servants Association says it expects Godongwana to present a budget that prioritises economic growth, job security, and the strengthening […]

19 February, 2025

Business / Economics

In S.A, COPE Urges Godongwana to Prioritize Economic Growth in Budget

To South Africa now, where the Congress of the People is calling on Finance minister, Enoch Godongwana, to deliver a budget that prioritises heightened economic growth. COPE’s, Pake Dikgetsi, says they are warning that austerity measures targeting social services, while billions are lost to corruption will push the country further into a crisis Meanwhile, the GOOD Party Secretary-general, Brett Herron, says as things stand, around 18-million South Africans are poor […]

19 February, 2025

Environment

Government Invests in Renewable Energy for Self-Sufficiency

Namibia is making major investments in renewable energy to reduce its reliance on electricity imports. Speaking in Parliament on 13 February 2025, Finance Minister Hon. Iipumbu Shiimi unveiled plans for large-scale solar and wind energy projects aimed at achieving energy independence. One Africa Tv NewsOne journalist Ellen Shihepo reports:

15 February, 2025

Business / Economics

Namibia Joins International Maritime Organisation to Boost Supply Chains

Cabinet has approved Namibia’s membership in the International Maritime Organisation to enhance supply chain efficiency. Information Minister Emma Theofelus announced the decision this week, following Cabinet’s first meeting on February 11.

15 February, 2025