Finance

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 […]

19 January, 2024

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, […]

18 January, 2024

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 […]

17 January, 2024