Nigerian Naira

Morning Biz News Update – 27 January 2025

Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […]

28 January, 2025

Business / Economics

28 March 2024-A April 2024 Weekly Economics Wrap-Up

Namibian Developments Namibian Local Content Conference: The Namibia Chamber of Commerce and Industry, in collaboration with Antila Consultancy, is organizing the inaugural Namibian Local Content Conference from April 16 to 18. This conference aims to enhance local engagement in Namibia's burgeoning oil and gas sector by facilitating discussions among government officials, international oil companies, private sector stakeholders, and SMEs. Foreign Direct Investments in Oil and Gas Sector: The Bank of […]

4 April, 2024

Africa

Locally assembled handsets begin to drive Africa’s low-end smartphone shipments

By Conrad Onyango, bird story agency As Africa’s major currencies weaken against the US dollar, consumers are opting for more affordable smartphones with ‘premium features’ that are either locally assembled or made in China. According to two mobile phone tracking reports, local assembly initiatives for low-end smartphones have contributed to strong growth, particularly in Kenya. The International Data Corporation (IDC) has also listed the East African economy […]

12 March, 2024

Africa

Tech-savvy Africans are hedging against inflation by going digital

By Conrad Onyango, bird story agency The recent announcement by Opera MiniPay that it had signed up over one million users in Kenya, Nigeria, and Ghana just five months after its launch is the clearest indication yet of the rising popularity of decentralised finance, or DeFi tools, across the continent. “MiniPay makes it easier and more affordable for individuals across Africa to acquire, send and receive Mento […]

19 February, 2024