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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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

Namibia Dollar

22 Results / Page 1 of 3

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Business / Economics

05 March Morning Biz News: Payroll Deduction Agreement, Budget Talks, Economic Diversification, and Bitcoin Trends

Swakop Uranium and NAMITVEST Forge New Payroll Deduction AgreementA new payroll deduction agreement between Swakop Uranium and NAMITVEST was signed on Thursday in Swakopmund. The agreement enables Swakop Uranium employees to directly invest in NAMITVEST through payroll deductions, fostering financial empowerment. According to One Africa TV NewsOnOne, the partnership is a significant move towards helping employees build their wealth through a structured savings and investment approach. South African Cabinet Finalizes […]

today5 March, 2025 17

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Business / Economics

04 March Morning Biz News: Shiimi Appoints New Procurement Board, Fuel Price War Erupts in Nigeria, and Sinopec Unveils Major Oil Discovery

Finance Minister Reshuffles Central Procurement Board Finance Minister Ipumbu Shiimi has made key appointments to the Central Procurement Board of Namibia, ensuring continuity and fresh leadership. Mary Ndeshihafela Shiimi and Julinda Memosa //Garus-Oas have been reappointed, with Shiimi serving as the board chairperson. Meanwhile, Brian Katjaerua has been appointed as the new deputy chairperson. These appointments aim to enhance efficiency in procurement processes and strengthen governance. South African Manufacturing Sector […]

today4 March, 2025 25

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Business / Economics

28 February 2025, Morning Biz News: Businesses Face Blacklisting, SA Inflation Rises, MTN Gains in Nigeria, UK Business Confidence Rebounds

Local Businesses Face Blacklisting Over Non-Compliance The Business and Intellectual Property Authority (BIPA) has issued a stark warning to registered entities in Namibia, cautioning that a majority risk blacklisting for failing to comply with the country's beneficial ownership law. According to The Brief, only 84,000 out of 229,000 registered businesses have submitted the required information, leaving 145,000 entities vulnerable to severe penalties. This crackdown aims to enhance financial transparency and […]

today28 February, 2025 19

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Business / Economics

Morning Market Roundup: 24 February 2025

  Local Market Performance Namibia’s stock market saw significant trading activity, with over 1.5 million shares exchanged across 15 deals, amounting to a total value of N$12 million. The financial sector led market transactions, contributing N$9.4 million, followed by consumer staples and discretionary stocks. Year-to-date, the market has recorded 9.17 million shares traded, reaching a combined value of N$537.9 million. Sasol’s Secunda Plant Faces Uncertain Future A new study in […]

today24 February, 2025 18

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Business / Economics

Morning Biz News – 17 February 2025

SACU Revenue Decline Expected in 2025 The Bank of Namibia has projected a decline in revenue from the Southern African Customs Union (SACU), dropping from N$28 billion in 2024 to N$21 billion in 2025. According to The Brief, Simonis Storm's Head of Investments, Max Rix, attributes this decrease to global economic conditions and adjustments in SACU’s revenue-sharing formula. This reduction is expected to impact Namibia’s fiscal plans, with potential budgetary […]

today17 February, 2025 22

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Business / Economics

07 February 2025 BIz News

Inflation Rate Drops to 3.2% in January The Statistics Agency has released its latest report on the country’s inflation rate, revealing a decline in the annual headline inflation rate to 3.2% for January 2025. This marks a notable drop from the 5.4% recorded in January 2024. The decrease is attributed to lower fuel prices and easing food costs, providing relief to consumers. Minerals Council SA Calls for Faster Mining Approvals […]

today7 February, 2025 17

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Business / Economics

05 February: Morning Business News Update

  Here are the key financial developments making waves in the markets: Namibia Repo Rate Prediction: A local economic analyst predicts a decrease of 75 basis points in Namibia's repo rate during the 2025 financial period. Max Rix, a senior analyst at Simonis Storm Securities, shared his outlook with NewsOnOne, forecasting a 3.8% GDP growth for the same period. The forecasted rate cut reflects expectations of a more accommodative monetary […]

today5 February, 2025 12

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Business / Economics

04 February 2025- Biz News Wrap: Market Insights and Global Financial Developments

    1. Namibia Stock Exchange Reports Steady Trading Activity The Namibia Stock Exchange (NSX) reported a total trade volume of 247,147 shares, valued at N$12.5 million, across 16 deals. The financial sector led the way, with more than 236,000 shares exchanged, amounting to N$8.2 million in total. Year-to-date, the NSX has seen 6.4 million shares traded, valued at N$369.8 million. This ongoing activity suggests a continued interest in market […]

today4 February, 2025 10

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Business / Economics

10 January 2025 Morning Biz News Update: Growth in Milk Production, Trade Relations, and Economic Challenges

  Milk Production Surges Namibia’s milk production saw a notable increase in the third quarter, reaching 4.2 million litres, which marks a 7.5% year-on-year growth and an 11% rise compared to the previous quarter. According to the Bank of Namibia, the growth is attributed to the rise in the number of milk-producing cows and technological advancements that have improved production efficiency, reinforcing the positive outlook for the local dairy industry. […]

today10 January, 2025 13