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

Finance

44 Results / Page 5 of 5

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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 […]

todayJanuary 23, 2024 8

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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 […]

todayJanuary 22, 2024 2

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Business / Economics

Morning Biz News- Headline: “Namibia’s Trade Dynamics, Rand Strengthens, Nigeria Supports Shell, and Oil Prices Fluctuate in Global Markets”

1. Namibia's Trade Balance Shows Improvement in November 2023 Namibia's trade balance exhibited a deficit of N$4 billion in November 2023, reflecting an improvement compared to the N$4.5 billion deficit recorded in October 2023. The trade landscape underscores China as the largest market for exports, while South Africa maintains its position as Namibia's primary supplier. This update offers insights into the country's evolving economic relationships and trade dynamics. 2. South […]

todayJanuary 19, 2024 5

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Business / Economics

Recent Developments in African Economies: Namibia Leads in Drilling Rig Demand, South Africa Faces Retail Sales Decline, Nigeria Resolves Forex Forward Liabilities, and Oil Prices Rise

Here's your morning Biz News. Namibia's prominence in the competitive energy sector is underscored by its top-five position among African countries with the highest demand for drilling rigs, according to the State of African Energy 2024 Outlook. The African Energy Chamber recognizes Namibia's significant role in efficient and sustainable resource exploration. South Africa experiences a 0.9% year-on-year decline in retail sales in November, following a revised 2.3% drop in October, […]

todayJanuary 18, 2024 7

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Business / Economics

Market Moves and Financial Frontiers: Trustco’s Strategic Investment, Fuel Price Projections, Corporate Governance Agreements, and Asian Stocks’ Setback Unveiled

1. Trustco Group Holdings Secures NAD 950 Million Investment from Riskowitz Value Fund LP In a strategic move to bolster its financial standing and consolidate its presence in the local economy, Trustco Group Holdings Limited is on the brink of finalizing significant deals with key shareholders. A substantial cash investment, expected to reach up to NAD 950 million, is in the pipeline, with the United States fund, Riskowitz Value Fund […]

todayJanuary 17, 2024 5

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Business / Economics

Africa’s top 25 Best Places to Work revealed for 2023

The Best Places to Work organization announced today the top 25 most performing employers in Africa for 2023. The program recently compiled its annual list based on the assessment of over 500 organizations operating across the continent. Findings from this year indicated that the top performing organizations in Africa continued to invest in creating a highly-engaged workforce, with an average engagement score of 80%,1 point lower compared to last year […]

todayDecember 19, 2023 9

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Local

Development Bank of Namibia (DBN) Appoints Nicky Katapa Mutenda as Chief Financial Officer

The Bank announces the appointment of Nicky Katapa Mutenda as the new Chief Financial Officer (CFO) with effect from December 18, 2023, for a period of 5 years. Nicky’ appointment follows a meticulous selection process conducted by a panel of six distinguished individuals drawn from the DBN Board and by external experts. Commenting on Nicky’ appointment, John Steytler, DBN CEO, expressed unwavering confidence in Nicky as a capable candidate with […]

todayNovember 30, 2023 42

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Business / Economics

Capricorn Group, Capricorn Foundation, and Bank Windhoek Unite for Namibia’s COP28 Pavilion

The Capricorn Group, in collaboration with the Capricorn Foundation and Bank Windhoek, has pledged a joint donation of N$500,000 to the Ministry of Environment, Forestry, and Tourism. The funds are earmarked to support Namibia's representation and pavilion at the upcoming COP28 conference scheduled to be held in Dubai, UAE, from November 30 to December 12, 2023. This marks the second consecutive year of contributions from Capricorn Group and its affiliates […]

todayNovember 21, 2023 17

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