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

Global Markets

6 Results / Page 1 of 1

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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 3

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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 12

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Business / Economics

18 October 2024 Morning Biz News: BoN to Launch Sustainability Forum, South Africa Eyes Lower Inflation, Nigeria Reaps Reform Benefits, UK Eases Fiscal Limits

The Bank of Namibia , in partnership with the Ministry of Finance, NAMFISA, and various financial institutions, is preparing to introduce a coordinated forum to promote sustainability in the financial sector, according to The Brief. BoN Governor Johannes !Gawaxab announced that the platform, slated for launch in the coming weeks, will enhance coordination and collaboration on sustainability initiatives. In other financial news, South Africa’s central bank governor, Lesetja Kganyago, reaffirmed […]

todayOctober 18, 2024 6

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Africa

DRC adds new investor to power its deepwater port ambitions

    By Bonface Orucho, bird story agency   The Port of Banana project, a deepwater project in the Democratic Republic of Congo (DRC), has gained fresh momentum with the addition of a new investor, sparking renewed optimism for the port's long-awaited completion. The British International Investment has committed up to US$35 million alongside DP World for the strategic project expected to become a key driver of trade and economic […]

todayAugust 22, 2024 18

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Local

Trustco Group Holdings Announces Share Consolidation for Global Market Alignment

  Trustco Group Holdings Limited (JSE: TTO; NSX: TUC; OTCQX: TSCHY) has announced a significant move to implement a share consolidation, also known as a reverse stock split, in response to its recent upgrade of its American Depositary Receipts (ADR) program. The board has approved and recommended to shareholders a consolidation of shares at a ratio of 20:1. This consolidation aligns with the ADR ratio of 1:20, ensuring consistency between […]

todayAugust 14, 2024 11

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Business / Economics

Private trains to ply South African rail network in commercial revamp

    By Seth Onyango, bird story agency   South Africa is opening its rail network to private train operators in a commercial pivot to revitalise a key component of its transport and logistics infrastructure. It is part of the state-run logistics firm, Transnet SOC Ltd to inject dynamism into the sector, plagued by inefficiencies and maintenance challenges. On Friday, March 15, Transnet published a document laying the groundwork for […]

todayMarch 18, 2024 18

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