insert_link Business / Economics Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […] today25 February, 2025
insert_link Business / Economics Morning Biz News – 21 February 2025 Namibia Poised for Historic Trade Milestone Namibia is set to make history with its first export under the African Continental Free Trade Area (AfCFTA), marking a significant milestone in the country’s trade expansion efforts. According to The Brief publication, the Chamber of Commerce and Industry has called on local businesses with consignments ready for shipment by next month to participate in this groundbreaking initiative. The move is expected to enhance […] today21 February, 2025
insert_link Business / Economics Corporate Borrowing Drives PSCE Growth Private Sector Credit Extension accelerated to 4.0% year-on-year in December 2024, the highest level since early 2023. The increase was fueled by stronger corporate credit demand, while household borrowing remained stagnant. Simonis Storm economist Almandro Jansen: today5 February, 2025
insert_link Business / Economics Morning Biz News Update – 27 January 2025 Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […] today28 January, 2025
insert_link Business / Economics Cirrus Capital’s Groenewald Offers Insight on Central Bank’s Interest Rate Decision The Bank of Namibia In October lowered its main interest rate, citing a faster-than-anticipated decline in inflation and the need for economic support. At that point in time, the Monetary Policy Committee unanimously agreed to reduce the repo rate by 25 basis points, bringing it to 7.25%. Cirrus Capital economist Tannan Groenewald shares his outlook on what the Bank might do next. ENG Tannan Groenewald repo today4 December, 2024
insert_link Business / Economics Bank of Namibia Set to Announce New Repo Rate With the Bank of Namibia’s repo rate decision set for later today, consumers are preparing for potential changes to borrowing costs and savings. The central bank maintained the repo rate at 7.25% during its last monetary policy update. Cirrus Capital economist Robert McGregor noted that while GDP growth is positive, private sector credit extension continues to lag. today4 December, 2024
insert_link Opinion Pieces AI offers hope for quantitative investing Wednesday, 20 November 2024 - The future of quantitative investing is going to be shaped by Artificial Intelligence. Quantitative investment strategies can identify better opportunities and leverage into those using mathematical models with the use of sophisticated algorithms. Quantitative investing applies a mathematical model and algorithms to determine investment opportunities. About half of quantitative investors have implemented AI in their processes for investing. However, just 10% of those are actually […] today21 November, 2024
insert_link Africa Mozambique’s Dollar Bond Drops Amid Election Dispute Unrest Mozambique's dollar bond declined for a third consecutive day as unrest over disputed election results intensified. The country's eurobond, CNBCAfrica indicates, maturing in 2031, fell by 0.58 cents, with total losses surpassing two cents since Friday. Opposition candidates claim the October 9 election was rigged, with final results expected this week. today24 October, 2024
insert_link Business / Economics September Sees Global Interest Rate Cuts to Stimulate Economic Growth September was a significant month in the global financial landscape, with major economies such as the United States, European Union, China, South Africa, and Namibia implementing interest rate reductions. These cuts came after a prolonged period of low economic growth and were largely anticipated by markets as a strategy to stimulate economic activity and lower borrowing costs. Almandro Jansen: Simonis Storm Economist. today24 October, 2024
