insert_link 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 […] today4 November, 2024
insert_link 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 […] today1 November, 2024
insert_link 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 […] today31 October, 2024
insert_link 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 […] today30 October, 2024
insert_link 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. […] today25 October, 2024
insert_link Business / Economics 24 October 2024 Biz News: Coastal Tourism Thrives Amidst Global Economic Shifts: A Look at September 2024’s Key Developments in Namibia and Beyond In September 2024, the coastal region witnessed a remarkable surge in tourism activity, achieving an impressive occupancy rate of 74.45%, the highest recorded in the country. This growth has been attributed to a variety of social, sporting, and leisure events, such as annual marathons and regional festivals, according to The Brief publication. The influx of visitors not only boosted local businesses but also underscored the region's potential as a vibrant […] today24 October, 2024
insert_link Business / Economics 23 October 2024 Morning Biz News Update: Innovations and Market Movements FNB Namibia Launches Innovative ChatPay Feature FNB Namibia has taken a significant step towards enhancing user experience by introducing a new chat feature within the FNB App. The innovative ChatPay allows users to initiate payments seamlessly without requiring a formal bank account number. According to Amore Nicholson, the Digital Banking Head at FNB Namibia, this solution combines convenience, simplicity, and affordability. Customers can now chat and make payments simultaneously and […] today23 October, 2024
insert_link Business / Economics 17 May 2024 Morning Biz News: Global Financial Landscape: Insights from Namibia to Asia In the dynamic world of finance, each day unveils a new narrative, weaving together the intricate threads of economic indicators and market movements. From the southern tip of Africa to the bustling trading floors of Asia, the past week has been a tapestry of noteworthy developments that offer insights into the global financial landscape. 1. Namibia Revenue Agency's Surprising Triumph The Namibia Revenue Agency (NamRA) has emerged as a beacon […] today17 May, 2024
