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

Economics

79 Results / Page 7 of 9

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Business / Economics

20 February 2024 Morning Biz News: “Namibia Seeks Higher Diamond Stake in De Beers Negotiations, Rand Faces Decline Amidst Economic Anticipation, and Naira Hits Record Lows: A Snapshot of Current Financial Dynamics”

Namibia is actively engaging in negotiations with De Beers to secure a higher percentage of diamonds extracted within its borders. Currently, Namibia retains 15% of diamonds mined by Debmarine and Namdeb for value addition under the existing agreement. With this arrangement set to conclude in 2026, Mines Minister Tom Alweendo has revealed ongoing discussions to potentially increase the country's share of diamonds. The South African rand faced a decline against […]

todayFebruary 20, 2024 21

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Interview Transcripts

EXCLUSIVE: Economic Analyst Josef Kefas Sheehama Discusses the Prospects of Namibia’s Rand-Nam Dollar Divorce

February 19, 2024/ Leonard Witbeen In a recent commentary, independent economic and business researcher Josef Kefas Sheehama shared his insights on the possibility of Namibia distancing itself from the South African Rand and adopting its own currency, the Nam Dollar. The discussion primarily revolved around the potential economic impacts and the timeframe within which such a transition could occur. Sheehama initiated his remarks by acknowledging the importance of the issue […]

todayFebruary 19, 2024 18

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Business / Economics

Financial Highlights: Dundee Precious Metals, Currency Movements, Inflation Concerns, and Oil Price Uncertainty February Morning Biz News:

  In the dynamic world of finance, recent developments have brought forth significant changes, impacting various sectors. Let's delve into some key updates affecting Dundee Precious Metals Inc., currency movements, inflation concerns in Nigeria, and the uncertainty surrounding oil prices. 1. Dundee Precious Metals Announces Potential Sale of Tsumeb Smelter Dundee Precious Metals Inc. has made a strategic decision to explore the potential sale of its Tsumeb smelter, citing a […]

todayFebruary 16, 2024 5

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South Africa

South AfricaFNB Senior Economist Highlights Decline in South African Shopping Activity Amidst Challenging Economic Climate

Senior economist at FNB South Africa, Siphamandla Mkhwanazi, notes a one-percent decline in shopping activity last year compared to 2022, indicating a subdued consumer demand environment. This trend is anticipated to persist in the near term, driven by factors such as persistent inflation, elevated interest rates, and dwindling consumer confidence. Mkhwanazi emphasizes that tight lending standards and high debt service costs are likely to keep credit growth contained, both in […]

todayFebruary 15, 2024 18

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Business / Economics

14 February 2024 Morning Biz News: Economic Insights: Namibia’s Wind Energy Potential, Rand Weakens, OPEC’s Oil Demand Forecast, and Global Market Shifts

A Comprehensive Overview of Key Economic Developments and Financial Indicators 1. McKinsey & Company Report Highlights Namibia's Wind Energy Revenue Potential A recent McKinsey & Company report underscores Namibia's potential to generate N$13.9 billion in revenue by 2050 through local production of wind turbine towers and blades. The report breaks down the potential contribution, with a direct impact of 30%, an indirect contribution of 41%, and an induced contribution of […]

todayFebruary 14, 2024 9

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Business / Economics

13 February 2024 Biz News: Economic Landscape Update: Fuel Levy Increase, Currency Movements, and Global Market Dynamics

 A Comprehensive Overview of Key Developments Shaping Economic Trends 1. Road Fund Administration Seeks Additional N$1 Fuel Levy Increase The Road Fund Administration (RFA) in Namibia is actively pursuing a further N$1 increase in the fuel levy, building on the 20-cent hike implemented in December. While the initial adjustment aimed to address the funding gap for road maintenance and rehabilitation, RFA Chief Executive Officer Ali Ipinge acknowledges that it falls […]

todayFebruary 13, 2024 8

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Uncategorized

8 February 2024 Biz News: Global Economic Highlights: TotalEnergies’ Potential Oil Discovery, Rand’s Movement, and Market Trends

  In the dynamic world of global economics, recent developments have captured the attention of investors and analysts alike. From potential oil discoveries off the coast of Namibia to shifts in currency values and market trends, let's delve into the latest financial indicators and explore the implications of these events. TotalEnergies' Deepwater Drilling Success in Namibia: TotalEnergies, a major player in the energy sector, has reported positive results from its […]

todayFebruary 8, 2024

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