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 […] today28 February, 2024
insert_link Business / Economics Minister of Finance to Present National Budget Amid Grey-Listing and High Debt Figures All eyes turn to Minister of Finance Ipumbu Shiimi as he presents the national budget this afternoon. Namibia, grey-listed by the Financial Action Task Force, faces scrutiny alongside elevated debt figures. UNAM economics lecturer, Dr. Omu Kakujaha-Matundu, provides his view on this. today28 February, 2024
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 […] today27 February, 2024
insert_link Business / Economics Development economist says SA’s budget lacks political will With South Africa's Finance Minister Enoch Godongwana presenting the country's budget yesterday, development economist Dr. Nthabiseng Moleko shared with Newzroom Afrika that the budget has shifted its focus towards accounting and fund allocation. Meanwhile at home, the Ministry of Finance and Public Enterprises has set aside 28 February 2024, for the tabling of the 2024/2025 budget. Salomo Hei the Managing Director at High Economic Intelligence says because it’s an […] today22 February, 2024
insert_link Business / Economics Driving Economic Transformation: Namibia’s Strategic Moves, South Africa’s Inflation Trends, and Global Financial Indicators In the dynamic landscape of global economics, strategic initiatives play a pivotal role in shaping the future prosperity of nations. In this article, we delve into three key developments that are currently influencing economic dynamics: Namibia's focus on dry ports and railway upgrades, South Africa's inflation trends, and the latest global financial indicators. Namibia's Economic Transformation: Analysts are highlighting the transformative potential of prompt execution of dry ports and […] today22 February, 2024
insert_link 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 […] today20 February, 2024
insert_link 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 […] today19 February, 2024
insert_link Business / Economics Morning Biz News 19 February 2024 :Economic Highlights: Developments and Challenges Across Africa In the ever-evolving landscape of African economies, recent developments and challenges have shaped the financial outlook for various nations. This article explores key updates from Puma Energy Namibia, South Africa's currency resilience, the African Development Bank's economic report, and the impact of U.S. economic indicators. Puma Energy Namibia's Pause on EV Charging Stations: Puma Energy Namibia recently announced the temporary suspension of its initiative to install electric vehicle (EV) […] today19 February, 2024
insert_link Business / Economics WEEKLY ECONOMICS WRAP: Global Economic Developments Impacting Various Sectors In a week marked by significant economic events, here's a roundup of key developments across different regions: Namibia: Plastic Bag Pricing Probe and TotalEnergies' Investment Focus The Environment, Forestry, and Tourism ministry in Namibia are investigating potential overpricing of plastic bags by retailers. Preliminary findings indicate that some businesses are charging between N$1 and N$5 per plastic carry bag, prompting concerns about adherence to government-mandated rates. On a positive note, […] today15 February, 2024
