insert_link Business / Economics Fuel Prices Review Complete for January The Ministry of Industries, Mines and Energy’s Anna Salkeus announced that the review of fuel prices for January next year has been finalised. She said international oil prices fell in November 2025 due to oversupply, weak demand growth, a softer US dollar, increased US shale production, and the easing of OPEC+ output cuts. today22 December, 2025
insert_link Business / Economics Morning Biz News 25 February 2025: Market Trends, Global Investments, and Banking Updates Local Market Performance The Namibian stock market recorded a total of 1.57 million shares traded on Monday, amounting to a total value of N$41.77 million across 27 deals. According to the NSX report, the year-to-date traded volume has reached 9.67 million shares, with a cumulative value of N$579.69 million. The financial sector led the day's trading with transactions worth N$34.28 million, followed by the consumer staples sector, which saw activity […] today25 February, 2025
insert_link 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
insert_link Business / Economics Oil giant Chevron slashing up to 20% of its global workforce Mass layoffs coming to Chevron. The oil major says it's slashing up to 20% of its global workforce as part of a cost-cutting effort. It's the last oil and gas company to cut headcount among lower prices. Toni Waterman has more. today13 February, 2025
insert_link Business / Economics Inflation drops to 3.4% in December 2024, driven by lower food and transport prices Inflation in December 2024 decreased to 3.4% year-on-year, down from 5.3% in December 2023. The decline was primarily driven by lower food and transport prices, although higher housing and utility costs partially offset the reduction. On a month-on-month basis, inflation rose slightly from 3.0% in November to 3.4% in December, largely due to higher food prices and mild transport deflation. FNB Economist Helena Mboti explained the factors behind the inflation […] today14 January, 2025
insert_link Business / Economics Fuel Prices to Stay Steady in December Motorists can breathe a sigh of relief as the Ministry of Mines and Energy has confirmed that fuel prices for December will remain unchanged. Here is Anna Salkeus from the ministry with more details. today2 December, 2024
insert_link Business / Economics Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy. today21 November, 2024
insert_link 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
insert_link Uncategorized 30 October-07 November 2024 Weekly Economics Wrap: Key Developments and Global Trends Namibia's Agricultural Growth: The Namibia Berries Project Expansion The Namibia Berries Project is setting its sights on significant expansion. The project plans to grow by 75 hectares annually, targeting 240 hectares by 2026. The ambitious vision, shared by founder Michael Rodenburg, aims for long-term growth, with a potential reach of 500 hectares, depending on funding and community development. This expansion is poised to make a substantial impact on […] today7 November, 2024
