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    Josia Shigwedha

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    Josia Shigwedha

Namibia Dollar

25 Results / Page 2 of 3

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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

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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

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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

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Business / Economics

13 November 2024 Morning Biz News: Key Business Developments

    In this edition of Biz News, we bring you a round-up of some key business developments from across the region and globally, with a focus on growth, innovation, and sustainability. Nictus Holdings Expands with Walvis Bay Acquisition Nictus Holdings Group of Companies has recently announced a significant acquisition: the Build IT branch in Walvis Bay. This move marks a key milestone in the company’s expansion strategy, reinforcing its […]

today13 November, 2024

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Uncategorized

8 November 2024 Morning Biz News: Global Financial Trends: Inflation, Interest Rates, and Economic Shifts Impacting Namibia and Beyond

    In the face of global economic challenges, key financial developments are shaping markets worldwide, from inflation trends to shifting interest rates, and changes in trade policies. Recent updates highlight how Namibia is positioned within these global trends, with a strong focus on inflation, exchange rates, and monetary policies that influence everything from local purchasing power to international trade dynamics. Here’s an overview of the most important financial updates […]

today8 November, 2024

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Business / Economics

7 November 2024 Morning Biz News Update: Global Economic Trends and Market Reactions

In the midst of economic uncertainty and fluctuating markets, key events have been shaping global financial trends this week, with implications for businesses and markets across Africa and beyond. Afreximbank Trade Finance Seminar at Windhoek Country Club Resort The Windhoek Country Club Resort is currently hosting the Afreximbank Trade Finance Seminar and Workshop, bringing together industry experts and stakeholders to foster intra-Africa trade and address challenges in the current global […]

today7 November, 2024

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Business / Economics

4 November 2024 Morning Biz News: Namibia’s Economic Growth and Opportunities: A Business Overview

    The Namibian economy is witnessing significant developments across various sectors, with ambitious plans and partnerships paving the way for growth. The Namibia Berries Project is leading the charge with a strategic expansion plan that aims to increase its cultivated area by 75 hectares annually. Founder Michael Rodenburg has set a target of reaching 240 hectares by 2026, with a long-term vision of 500 hectares. The project's scalability will […]

today4 November, 2024

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Business / Economics

31 October 2024: Navigating Economic Shifts: Key Financial Updates from Namibia and Beyond

In recent developments, Finance Minister, Ipumbu Shiimi, has announced an extension of the country’s tax amnesty programme, now set to conclude on October 31, 2026. During his mid-term budget review presented in Parliament, Shiimi highlighted the overwhelming requests from various sectors to prolong this programme, which allows taxpayers to settle their full tax debts without incurring penalties or interest. This initiative is designed to enhance tax compliance and boost government […]

today31 October, 2024

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Business / Economics

30 October 2024 Morning Biz News: Economic Update: Procurement Compliance Issues and Market Developments

  Recent reports from the Institute for Public Policy Research reveal that only 43% of public entities in Namibia have submitted their annual procurement plans for the 2024/25 financial year. Of the 173 entities required to comply, just 75 had met the deadline by late October, raising concerns about significant delays at this midpoint of the fiscal year. This lack of compliance not only hinders effective resource allocation but may […]

today30 October, 2024