07 March 2024 Morning Biz News: Namibia’s Oshikoto Region Receives Boost with N$400 Million Investment in Otjikoto Biomass Power Station

07 March 2024 Morning Biz News: Namibia’s Oshikoto Region Receives Boost with N$400 Million Investment in Otjikoto Biomass Power Station

In a strategic move to combat energy supply shortages in the Oshikoto Region, the Namibian government has allocated a budget of N$400 million for the development of the 40-megawatt Otjikoto Biomass Power Station, located on the outskirts of Tsumeb. The announcement came from the Minister of Finance and Public Enterprises, Iipumbu Shiimi, emphasizing the government's commitment to enhancing the region's energy infrastructure. The Otjikoto Biomass Power Station is poised to […]

March 7, 2024 18

Entertainment

Singapore justifies Taylor Swift incentives amidst criticism

Singapore has defended its strategy of offering sweeteners to ensure Taylor Swift performed in the city-state as the only Southeast Asian stop on her world tour. Prime Minister Lee Hsien Loong said the economic benefits outweigh the costs. Laura Westbrook has more.

March 5, 2024 37

Africa

Oromia makes up a third of Ethiopia’s landmass and is key to its fortunes: expert unpacks its significance

By Bizuneh Yimenu, University of Birmingham Ethiopia’s largest and most populous region, Oromia, has been in the news following reports of a rise in kidnappings for ransom. The region is no stranger to war and strife. Its people have long fought against political marginalisation. But the region is more than just the site of conflict. We asked Bizuneh Yimenu, who’s researched the region for over a decade […]

February 19, 2024 32

Business / Economics

Local analyst examines economic outlook amid rate cut predictions

South Africa's Standard Bank chief economist Goolam Ballim expects four 25 basis point cuts in 2024 starting in the second quarter, and taking the repo rate to 7.25% by year-end. He forecasts economic growth to rebound moderately in 2024 to 1.2%. We asked local Research Analyst at IJG Research, Angelique Bock if she agrees with him.

February 13, 2024 18

Business / Economics

Economists call for more frequent Government finance updates

Local Market stakeholders say the country needs more regular updates and analyses on Government Finances. Right now, Namibia only gets them twice a year. With the national budget coming up in about two to three weeks, we asked local economist Gabriel Erastus how the budget can help with achieving the country's goals.

February 8, 2024 38

Business / Economics

The Alexforbes Lead Story – 6 February 2024

Stefan Terblanche, the CEO of the FP du Toit Transport Group, is clearly passionate about the country. In this interview David speaks to him about challenges and opportunities that lie ahead for the freight and logistics sector in 2024. https://iono.fm/e/1403679

February 7, 2024 14

Business / Economics

Tourism Focus – 6 February 2024

CEO of the Hospitality Association of Namibia, Gitta Paetzold gives us a quick look back at the tourism sector's performance in 2023 and what her outlook for the rest of this year is. https://iono.fm/e/1403681

February 7, 2024 9

Business / Economics

Market Watch – 6 February 2024

With the National Budget scheduled to be tabled later this month, Michelle spoke to independent economist Gabriel Erastus about government's budgets and their performance against the targets they set themselves. https://iono.fm/e/1403680

February 7, 2024 31

Business / Economics

06 February 2024 Economic Insights : February 2024 Biz News Roundup

In this edition of Biz News we bring you the latest updates on key economic developments that could shape financial landscapes globally. From changes in fuel prices to international market trends, let's dive into the stories that matter. Fuel Price Adjustments in Namibia: The Namibian Ministry of Energy has announced a welcome relief for consumers with a reduction of 4 cents per litre in petrol and both variants of diesel […]

February 6, 2024 3