insert_link Business / Economics 11 March 2024 Morning Biz News: Economic Highlights: Entrepreneurship Training, Rand Strengthens, Nigeria’s Forex Inflows, and Saudi Aramco’s Plans in China Empowering Namibian Entrepreneurs The Ministry of Industrialisation and Trade in Namibia has celebrated a significant milestone in its efforts to foster entrepreneurship. The EMPRETEC Namibia program, initiated in 2019, has successfully provided entrepreneurship training to approximately 2000 Macro, Small, and Medium Enterprises (MSMEs). In a recent expansion of this impactful initiative, an additional 188 MSMEs commenced their training on Friday. This initiative contributes substantially to the growth and development of […] todayMarch 11, 2024 10
insert_link Business / Economics 08 March 2024 Morning Biz News: Economic Insights: NPTH Dividends, Sanlam’s Profit Surge, Currency and Oil Market Updates In the ever-evolving landscape of global finance, recent developments have provided a comprehensive snapshot of economic trends and indicators. From Namibia's Post and Telecommunications Holdings (NPTH) disbursing significant dividends to South African insurer Sanlam's impressive profit surge, let's delve into the latest financial highlights and explore the current market dynamics. NPTH's Financial Contribution to Namibia Since its establishment in 1992, Namibia Post and Telecommunications Holdings (NPTH) has been a pivotal […] todayMarch 8, 2024 16
insert_link Business / Economics 5 March 2024 Morning Biz News: Recent Developments in Finance and Business: Avo SuperShop, Canal+’s MultiChoice Bid, Global Market Updates In the dynamic landscape of finance and business, recent announcements and developments have caught the attention of investors and consumers alike. From the successful growth of Nedbank Namibia's Avo SuperShop to Canal+'s strategic move towards acquiring MultiChoice, and the latest updates in global markets, these events reflect the ever-evolving nature of the economic world. Nedbank Namibia's Avo SuperShop Flourishes: Nedbank Namibia proudly announces the remarkable expansion of its Avo SuperShop, […] todayMarch 5, 2024 10
insert_link Business / Economics 04 March 2024 Morning Biz News: Financial Highlights: Schwenk Zement, Rand Stability, CBN Forex Crackdown, and Oil Price Surge 1. Schwenk Zement International Terminates Purchase Agreement In a recent development, Schwenk Zement International GmbH has officially terminated its purchase agreement with RWCo GmbH concerning shares in Schwenk Namibia (Pty) Ltd. The stumbling block cited by RWCo is the Namibian Competition Commission conditions linked to the deal's approval. RWCo argues that these conditions lack a legal basis under Namibian competition law. The termination brings an end to what was expected […] todayMarch 4, 2024 14
insert_link Business / Economics 01 March 2024 Morning Biz News: Financial Highlights: Namibia Secures Grant, Truworths Faces Challenges, Global Market Trends Published on March 1, 2024 In the dynamic landscape of global finance, recent developments across various sectors have captured the attention of investors and experts alike. Here's a roundup of the latest financial indicators and noteworthy events shaping the economic landscape. 1. Namibia Hydrogen Fund Managers Secures Historic Grant Namibia Hydrogen Fund Managers (Pty) Limited has achieved a significant milestone by securing a substantial grant of nearly N$19.2 million from […] todayMarch 1, 2024 6
insert_link Business / Economics 29 February Morning Biz News: Latest Financial Highlights: Government Revenue Projections, Harmony Gold’s Record Dividend, Binance Executives Detained, and Oil Price Decline In the ever-evolving landscape of global finances, several key developments have recently taken place, shaping the economic outlook for the near future. This article delves into the latest financial indicators, exploring government revenue projections, Harmony Gold's historic dividend announcement, the crackdown on cryptocurrency exchanges in Nigeria, and the recent decline in oil prices. Government's Fiscal Initiatives: The Namibian government has unveiled its fiscal year 2024/25 revenue projections, with a […] todayFebruary 29, 2024 2
insert_link Business / Economics 28 February 2024 Morning Biz News: Economic Highlights: Lepidico’s Cost Reduction, Rand’s Resilience, and Global Market Trends In the ever-evolving landscape of global finance, several key developments have emerged, impacting various sectors. In this article, we delve into recent updates surrounding Lepidico's Karibib project, the resilience of South Africa's rand, fluctuations in oil prices, and the stability of the U.S. dollar. Additionally, we provide a snapshot of the latest financial indicators shaping the economic landscape. Lepidico's Karibib Project Sees Significant Cost Reduction: Lepidico has announced a noteworthy […] todayFebruary 28, 2024 7
insert_link Business / Economics 27 February 2024 Morning Biz News: Summary of Financial News: Namibia's Tax Policies and Concerns: Analysts and industry experts are closely scrutinizing Namibia's tax policies, expressing concerns about the efficiency of revenue collection processes, specifically in tax refund processing. Cameron Kotze, the risk and compliance manager at Namib Mills, is urging the government to consider introducing capital gains tax incentives as part of broader reforms to streamline the system and stimulate economic growth. South Africa's Rand Depreciation: South Africa's rand […] todayFebruary 27, 2024 7
insert_link Business / Economics EXCLUSIVE INTERVIEW: Navigating Namibia’s Gray Listing: Insights from Independent Business and Economics Researcher Josef Kefas Sheehama In a recent conversation with independent business and economics researcher Josef Kefas Sheehama, the focus turned to Namibia's gray listing by the Financial Action Task Force on the 23rd of February. Despite the challenges posed by this development, Sheehama emphasizes that being on the gray list is not a death sentence for Namibia's economy. In this article, we delve into Sheehama's insights on the impact of the gray listing […] todayFebruary 27, 2024 21