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

nam dollar

8 Results / Page 1 of 1

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Business / Economics

12 August 2024 Morning Biz News: Namibia Secures €7.5 Million Grant for Electrification as Global Oil Prices Stabilize and Market Volatility Persists

Namibia has received a significant boost in its electrification efforts, securing a €7.5 million grant from Germany’s KfW Development Bank. This funding, in collaboration with local agencies, aims to enhance electricity access in peri-urban and rural areas, specifically targeting the North-East and North-West regions. This initiative reflects Namibia's commitment to improving energy infrastructure and supporting economic development through increased access to reliable power. In Nigeria, the Dangote Oil Refinery, a […]

todayAugust 12, 2024 16

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Business / Economics

1-8 August Weekly Economic Wrap: Mining Growth in Namibia, South African Refinery Deal, and Global Currency Fluctuations

Namibian Highlights: Mining Sector Growth: Research by Simonis Storm reveals an 18.2% increase in the real value added by Namibia's mining and quarrying sector for Q1 2024. This growth has elevated its contribution to Namibia's GDP from 0.6% in 2015 to 1.4% today, attributed to continued investments in oil and gas activities. Nedbank's Avo SuperShop Expansion: Since its launch in late 2023, Nedbank's Avo SuperShop has attracted over 1,800 users […]

todayAugust 8, 2024 38

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Business / Economics

16 July 2024 Morning Biz News: Business Update: Tourism Surges, Rand Weakens, Inflation Soars, and Oil Faces Pressure

1. Tourism Sector Sees Remarkable Growth in 2023 Namibia's tourism industry experienced a substantial surge in 2023, with international visitor arrivals reaching approximately 864 thousand, marking an impressive 87.4% increase from the previous year's 461,027 arrivals. Minister Pohamba Shifeta of the Environment, Forestry, and Tourism ministry unveiled these statistics in the Annual Tourist Statistical Report for 2023. This growth underscores Namibia's attractiveness as a key destination in the region, reflecting […]

todayJuly 16, 2024 14

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Business / Economics

15 July 2024 Morning Biz News: Business News Headlines: Namibia-South Africa Green Hydrogen Pipeline Feasibility Study Initiated, Rand Strengthens Amidst U.S. Inflation Data, Political Uncertainty Impacts Markets, Oil Prices Decline

  1. Namibia-South Africa Green Hydrogen Pipeline Feasibility Study The Ministry of Mines and Energy in Namibia has allocated N$5 million for a feasibility study on a cross-border green hydrogen pipeline connecting Namibia and South Africa. Initiated under Namibia's Green Hydrogen Programme, this study follows a recent Memorandum of Understanding signed between the two nations at the World Hydrogen Summit in May 2024. This ambitious project aims to leverage hydrogen […]

todayJuly 15, 2024 28

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Business / Economics

30 May 2024-6 June 2024 Weekly Economics Wrap

Weekly Economic Wrap: Navigating Regional and Global Trends In the ever-shifting landscape of global economics, the past week has brought forth a tapestry of developments across African and international markets, encapsulating both challenges and opportunities. From Namibia's soaring trade volumes to Nigeria's capital strengthening initiatives, and from South Africa's electoral ripples to international oil market dynamics, here's a comprehensive recap of the key economic events shaping the narrative: Namibia: Trade […]

todayJune 6, 2024 14

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Business / Economics

20 May 2024 Morning Biz News: Business News Roundup: Poultry Imports Resumed, Inflation Stability, and Global Market Trends

  In the dynamic world of business, staying abreast of the latest developments is essential for informed decision-making. Here’s a roundup of recent noteworthy events shaping the business landscape: Poultry Imports Ban Lifted in Namibia The Directorate of Veterinary Services, under Namibia's Ministry of Agriculture, Water, and Land Reform, has announced the lifting of the ban on poultry meat imports from South Africa. This decision comes with specific conditions to […]

todayMay 20, 2024 9

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Business / Economics

16 May 2024 Morning Biz News: Global Economic Updates: Tourism Booms in Namibia, Rand Maintains Momentum, Nigeria Faces Inflation Challenges, Dollar Slumps

In March 2024, Namibia experienced a remarkable surge in hotel bookings, with over 26 thousand rooms reserved, marking a substantial 19.1% increase compared to the same period last year. This surge in bookings was primarily driven by coastal destinations, signaling a promising trajectory for the country's tourism sector. The coastal regions, renowned for their scenic beauty and diverse attractions, attracted a significant influx of visitors, contributing to the overall growth […]

todayMay 16, 2024 10

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Business / Economics

18-25 April 2024: Weekly Economic Wrap: Insights into Key Developments Across Africa and Beyond Weekly Economics

As the global economy navigates through a myriad of challenges and opportunities, significant developments unfold across various sectors, shaping the economic landscape. Here's a recap of the noteworthy events from the past week: Namibia's Mining Sector: A Pillar of Growth The mining sector in Namibia continues to showcase robust performance, with the Chamber of Mines reporting impressive figures for the 2023 financial year. Total turnover soared to N$51.5 billion, marking […]

todayApril 25, 2024 18

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