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

morning biz news

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Business / Economics

14 June 2024 Morning Biz News: Global Financial Developments: From Loans to Levies, Markets React Amidst Economic Shifts

1. Paratus Namibia Holdings Successfully Raises N$175 Million through Floating-Rate Notes Paratus Namibia Holdings Limited, in collaboration with Cirrus Capital, has achieved a significant milestone in the financial markets with the successful auction of N$175 million in floating-rate notes. Despite facing a total demand of N$557 million, the issuance was fully allocated, underscoring strong investor confidence and appetite for high-quality debt instruments in Namibia's financial landscape. This development marks a […]

todayJune 14, 2024 24

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Business / Economics

23 May 2024 Morning Biz News: Empowering Smallholder Farmers and Supporting Black-Owned Businesses: This Week’s Business Roundup

  In the dynamic landscape of global business, several significant developments have emerged this week, highlighting strides in empowerment and economic growth. From grassroots initiatives supporting smallholder farmers to multinational corporations investing in community upliftment, here's a roundup of the latest in business news: 1. Empowering Smallholder Farmers with Community-Based Projects Smallholder farmers, often the backbone of agricultural communities, have achieved a remarkable milestone through the World Food Programme's (WFP) […]

todayMay 23, 2024 13

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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 […]

todayMay 17, 2024 23

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Business / Economics

26 April 2024 Morning Biz News: Economic Insights: Tourism Boost, Corporate Deals, Regulatory Clarity, and Currency Trends

By Leonard Witbeen Tourism Sector Vitality: Namibia's tourism sector emerges as a cornerstone of economic vitality, with direct contributions amounting to 6.9% of the GDP, totaling N$14.3 billion. The recently released 2022 Namibia Tourist Satellite Account Report sheds light on the sector's robustness, revealing its employment of 57,277 individuals, constituting 7.9% of the country's total workforce. Corporate Merger Scrutiny: South Africa's government closely examines BHP Group's proposed acquisition of Anglo […]

todayApril 26, 2024 24

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Business / Economics

24 April Morning Biz News: Namibia’s Exchange Control Policies Pose Challenges to Oil and Gas Sector Expansion

The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia's stringent exchange control policies potentially hindering the country's ambitious plans for its burgeoning oil and gas sector. Despite Namibia's efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations. Namibia has been actively seeking to […]

todayApril 24, 2024 37

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