insert_link 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 […] today6 February, 2024
insert_link Business / Economics 2 FEBRUARY BIZ NEWS: Exciting Developments in Mining, Media, and Finance: A Roundup of Recent Market News B2Gold Corp Unveils Promising Exploration Results in Namibia In a recent announcement, B2Gold Corp has shared encouraging exploration results from the Antelope deposit within Namibia's Otjikoto Mine. The positive outcomes, particularly from the Springbok and Oryx Zones, hint at the potential establishment of a new underground mine. Clive Johnson, B2Gold's Chief Executive Officer, expressed optimism, highlighting a significant opportunity for expanding gold production in the region. This development underscores the […] today2 February, 2024
insert_link World India orders halt to much of Paytm’s business India's central bank has ordered Paytm Payments Bank - one of the leaders in the country's digital payments space - to halt a large part of its business. Indian regulators cited persistent non-compliance. Rebecca Bundhun reports from Mumbai. today1 February, 2024
insert_link Business / Economics BIZ NEWS 1 FEBRUARY 2024: Financial Insights Digest: Economic Surges, Strategic Moves, and Global Indicators – A Comprehensive Overview 1. Namibia's Economic Outlook Soars on Surging Uranium Prices The Chamber of Mines anticipates a robust economic boost for Namibia in 2024, driven by a remarkable surge in uranium prices, marking the highest in over 12 years. Veston Malango, CEO of the Chamber, highlights the expected upturn, fueled by increased production in existing mines and the anticipated commencement of production at the Langer Heinrich uranium mine in the first quarter […] today1 February, 2024
insert_link Africa 26 January 2024 Business Highlights – The World’s Latest Economic Developments By Leonard Witbeen Namibia Airports Company Engages Local Leaders for Airport ExpansionThe Namibia Airports Company (NAC) is in talks with traditional authorities and local leadership in the Zambezi and Kavango East regions to secure additional land for the development of modern airports. Bisey Uirab, NAC's CEO, highlighted that the current airports in the Zambezi and Kavango East regions are situated on land owned by the Ministry of Defence and Veterans […] today26 January, 2024
insert_link Africa BIZ NEWS JANUARY 25, 2024: Namibian Government Rules Out Immediate National Airline, Hints at Regional Carrier Future In the wake of Air Namibia's 2021 liquidation, the Namibian government has officially dismissed any immediate plans for a new national airline. Works and Transport Minister John Mutorwa conveyed this decision, while also offering a glimpse of hope for the emergence of a future Namibian-flag carrier. Mutorwa hinted at the possibility of a smaller, regional airline taking flight down the line. [Read more] South Africa's Inflation Sees Further Decline in […] today25 January, 2024
insert_link Business / Economics BUSINESS AND FINANCIALS UPDATE 24 JANUARY 2024 Orano Mining Namibia Contemplates Resuming Operations at Trekkopje Mine Amidst Uranium Price Surge: Orano Mining Namibia is currently exploring potential actions, including the potential resumption of operations at its Trekkopje Mine, driven by the recent upswing in uranium spot prices. The mine, located in the Erongo Region, was placed under care and maintenance in 2013, with the commencement of operations deferred indefinitely, contingent upon the eventual recovery of uranium prices. […] today24 January, 2024
insert_link Business / Economics Latest Financial News Highlights – 23 January 2024 China Aims to Surpass $1 Billion Trade with Namibia China has reaffirmed its commitment to enhance trade ties with Namibia, aiming to exceed the US$1 billion trade achieved in the previous year. The focus is on fostering collaborations in vital sectors such as agriculture, aquaculture, tourism, and mining. Official statistics indicate a substantial 29% increase in bilateral trade volume between China and Namibia from January to September 2023 compared to […] today23 January, 2024
insert_link Business / Economics Economic Highlights and Financial Indicators: A Snapshot of Recent Developments Namibia's Tourism Sector Sees a Surge in Leisure Travel: In 2023, the Hospitality Association of Namibia reported a significant shift in travel patterns, with 90% of visits attributed to leisure trips. This marks a notable increase from the 84% recorded in 2019. The data suggests a growing preference for immersive and experiential travel within Namibia's tourism industry, reflecting a positive trend for the country's leisure sector. South Africa's Rand Weakened […] today22 January, 2024
