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

financial indicators

12 Results / Page 1 of 2

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Business / Economics

13 November 2024 Morning Biz News: Key Business Developments

    In this edition of Biz News, we bring you a round-up of some key business developments from across the region and globally, with a focus on growth, innovation, and sustainability. Nictus Holdings Expands with Walvis Bay Acquisition Nictus Holdings Group of Companies has recently announced a significant acquisition: the Build IT branch in Walvis Bay. This move marks a key milestone in the company’s expansion strategy, reinforcing its […]

todayNovember 13, 2024 9

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8 November 2024 Morning Biz News: Global Financial Trends: Inflation, Interest Rates, and Economic Shifts Impacting Namibia and Beyond

    In the face of global economic challenges, key financial developments are shaping markets worldwide, from inflation trends to shifting interest rates, and changes in trade policies. Recent updates highlight how Namibia is positioned within these global trends, with a strong focus on inflation, exchange rates, and monetary policies that influence everything from local purchasing power to international trade dynamics. Here’s an overview of the most important financial updates […]

todayNovember 8, 2024 15

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Business / Economics

7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions

In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […]

todayNovember 7, 2024 8

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Business / Economics

5 November 2024 Morning Biz News Update: Key Financial Developments

In the past year, Namibia has witnessed a significant increase in credit extension, with a total of N$3.37 billion issued—almost double the amount from the previous year. According to The Brief, individuals accounted for N$1.90 billion of this credit, while corporations took up N$1.47 billion. Private sector credit has shown positive growth, rising by 0.6% month-over-month and reaching an annual growth rate of 3.0% by September 2024. Meanwhile, the South […]

todayNovember 5, 2024 9

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Business / Economics

4 November 2024 Morning Biz News: Namibia’s Economic Growth and Opportunities: A Business Overview

    The Namibian economy is witnessing significant developments across various sectors, with ambitious plans and partnerships paving the way for growth. The Namibia Berries Project is leading the charge with a strategic expansion plan that aims to increase its cultivated area by 75 hectares annually. Founder Michael Rodenburg has set a target of reaching 240 hectares by 2026, with a long-term vision of 500 hectares. The project's scalability will […]

todayNovember 4, 2024 17

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Business / Economics

1 November 2024 Morning Biz News: Development Bank of Namibia Achieves Milestone with N$21 Billion Investment

The Development Bank of Namibia (DBN) has reached a significant milestone, having invested over N$21 billion in local development over the past 20 years. This investment has not only bolstered the country's infrastructure but has also created over 76,000 jobs, highlighting the bank's vital role in Namibia's economic growth. For the fiscal year 2023/2024, the DBN reported a net operating profit of N$62 million, marking a robust recovery from a […]

todayNovember 1, 2024 11

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Business / Economics

31 October 2024: Navigating Economic Shifts: Key Financial Updates from Namibia and Beyond

In recent developments, Finance Minister, Ipumbu Shiimi, has announced an extension of the country’s tax amnesty programme, now set to conclude on October 31, 2026. During his mid-term budget review presented in Parliament, Shiimi highlighted the overwhelming requests from various sectors to prolong this programme, which allows taxpayers to settle their full tax debts without incurring penalties or interest. This initiative is designed to enhance tax compliance and boost government […]

todayOctober 31, 2024 17

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Business / Economics

30 October 2024 Morning Biz News: Economic Update: Procurement Compliance Issues and Market Developments

  Recent reports from the Institute for Public Policy Research reveal that only 43% of public entities in Namibia have submitted their annual procurement plans for the 2024/25 financial year. Of the 173 entities required to comply, just 75 had met the deadline by late October, raising concerns about significant delays at this midpoint of the fiscal year. This lack of compliance not only hinders effective resource allocation but may […]

todayOctober 30, 2024 7

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Business / Economics

25 October 2024 Morning Biz News Update: Key Developments in Global Markets

In the latest business news, several significant developments have emerged that could impact global markets and economies. Here’s a summary of key highlights from various sectors: Diamond Production Decline Diamond production has witnessed a notable decline of 14% in the third quarter of 2024, with total output reported at 0.5 million carats. The De Beers Group attributed this decrease to a strategic decision to scale back production at Debmarine Namibia. […]

todayOctober 25, 2024 17

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