insert_link Business / Economics 19 July 2024 Morning Biz News: Financial News Roundup: Meatco’s Turnaround Concerns, South African Repo Rate Unchanged, Naira Depreciates, and Dollar Steady Amid Fed Speculation 1. Meat Corporation Turnaround Strategy Under Scrutiny Finance and Public Enterprises Minister Iipumbu Shiimi has voiced concerns over the Meat Corporation's (Meatco) turnaround strategy, according to The Brief. Despite the government injecting N$1 billion in subsidies over the past three years, Shiimi is dissatisfied with the company's lack of substantial progress. The effectiveness of the turnaround plan remains a key issue, with expectations for better performance and return on investment […] todayJuly 19, 2024 12
insert_link Business / Economics 29 April 2024 Morning Biz News: Biz News Roundup: Landlords Seize Opportunity, Rand Strengthens, Nigeria Secures Investment, and Dollar Hits High Namibian Landlords Capitalize on Rental Demand Surge: Landlords in Namibia are making the most of increased demand for rental properties by raising deposits, as reported by the FNB Rent Price Index. Despite a slight decline in deposit growth in the fourth quarter of 2023 compared to the previous quarter, it remained significantly higher than the same period in 2022. This trend reflects the buoyancy of the rental market amidst changing […] todayApril 29, 2024 16
insert_link Business / Economics 03 April 2024 Morning Biz News: Paladin Energy’s Langer Heinrich Mine Achieves Production Milestone Paladin Energy, a prominent player in the uranium mining sector, has recently announced a significant milestone at its Langer Heinrich Mine. The company disclosed that the mine has achieved its first production milestone following a successful restart. This development comes as a result of strategic initiatives undertaken by Paladin Energy to resume operations at the Langer Heinrich uranium mine. In May 2022, Paladin Energy unveiled plans to raise N$169 million […] todayApril 3, 2024 14
insert_link Business / Economics 02 April 2024 Morning Biz News: Namibia Chamber of Commerce and Industry Partners with Antila Consultancy to Host Inaugural Local Content Conference The Namibia Chamber of Commerce and Industry (NCCI), in collaboration with Antila Consultancy, is proud to announce the inaugural Namibian Local Content Conference (NLCC), scheduled to take place from April 16th to April 18th. This groundbreaking conference aims to bolster local participation in Namibia's burgeoning oil and gas sector. With Namibia's oil and gas industry rapidly expanding, the NLCC serves as a vital platform for fostering dialogue and collaboration among […] todayApril 2, 2024 7
insert_link Business / Economics 15 March 2024 Morning Biz News: Recent Developments in Business and Finance 1. Custos Energy Strikes Oil in Mopane-2X Well Custos Energy has made a significant breakthrough with the discovery of high-quality light oil during the drilling of the Mopane-2X well. Galp Energia, a subsidiary of Portugal's Galp, leads the operation under Petroleum Exploration Licence 83, holding an 80% interest. The National Petroleum Corporation retains a 10% stake, with Custos Energy holding the remaining 10% working interest. 2. PAR Group Announces Expansion […] todayMarch 15, 2024 3
insert_link Business / Economics 7-14 March 2024 Weekly Economics Wrap: Key Developments Shaping Markets Namibia Focus: The Ministry of Industrialisation and Trade continues its commendable efforts in nurturing entrepreneurship within Namibia. Approximately 2000 Macro, Small, and Medium Enterprises (MSMEs) have undergone entrepreneurship training under the EMPRETEC Namibia program since its inception in 2019. This week, an additional 188 MSMEs commenced their training, signaling continued support for the growth and development of entrepreneurial skills in the business sector. The Pupkewitz Group, a prominent player […] todayMarch 14, 2024 10
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
