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

oil prices

16 Results / Page 2 of 2

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Business / Economics

30 May 2024-6 June 2024 Weekly Economics Wrap

Weekly Economic Wrap: Navigating Regional and Global Trends In the ever-shifting landscape of global economics, the past week has brought forth a tapestry of developments across African and international markets, encapsulating both challenges and opportunities. From Namibia's soaring trade volumes to Nigeria's capital strengthening initiatives, and from South Africa's electoral ripples to international oil market dynamics, here's a comprehensive recap of the key economic events shaping the narrative: Namibia: Trade […]

todayJune 6, 2024 16

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Business / Economics

3 May 2024 Morning Biz News: Business Highlights: Benguela Blue Aqua Farming Prepares for Salmon Harvest, South African Manufacturing Surges, and Exxon Mobil Sale Nears Approval”

  Benguela Blue Aqua Farming Set to Launch Salmon Farming Operation: Benguela Blue Aqua Farming is gearing up to kickstart its salmon farming operation in the fourth quarter of 2025. The inaugural salmon harvest is anticipated to take place during the same period in 2026, as reported by The Brief. This development signals significant progress in the aquaculture industry, promising potential growth and opportunities in the coming years. South African […]

todayMay 3, 2024 47

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Business / Economics

15 April 2024 Morning Biz News: Transforming Elizabeth Bay: Standard Bank’s Energy Park Initiative

In a bid to ignite infrastructure growth and leverage Namibia's resource potential, Standard Bank has unveiled an ambitious plan to rebrand Elizabeth Bay into an Energy Park, as reported by The Brief. This strategic move is poised to reshape the landscape of Elizabeth Bay, a mining community nestled 25 kilometers south of Lüderitz on Namibia's southern coast. The vision behind the Energy Park initiative extends beyond mere revitalization; it aims […]

todayApril 15, 2024 29

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Business / Economics

12 April 2024 Morning Biz News: GIPF’s ESG Investments, WeBuyCars IPO, Oil Price Surge, and Currency & Commodity Updates

GIPF Ventures into ESG Investments: The Government Institutions Pension Fund (GIPF) is diversifying its investment portfolio by exploring opportunities in Environmental, Social, and Governance (ESG) sectors. With a focus on sustainable development, GIPF aims to collaborate with fund managers whose policies align with ESG principles. Targeting initiatives like SDG Namibia One and green climate fund managers, GIPF emphasizes its commitment to responsible investing. WeBuyCars Makes Splash on JSE: South African […]

todayApril 12, 2024 21

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Business / Economics

Morning Biz News – April 10, 2024: Galp Energia’s N$2.4 Billion Namibian Investment, Rand Strength, and Market Stability Dominate Financial Landscape”

Galp Energia Invests N$2.4 Billion in Namibia, Prioritizing Local Suppliers Galp Energia, a prominent player in the energy sector, has announced a significant investment of approximately N$2.4 billion in Namibia's upstream projects in 2023. Notably, over 61% of this investment has been allocated to local suppliers, underlining the company's commitment to fostering local economic growth. Filipe Silva, CEO of Galp Energia, emphasized the company's strategic focus on growth, with a […]

todayApril 10, 2024 19

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Business / Economics

Ripples of 2023: FBS’s insight on the 2024 global financial outlook

With 2023 coming to an end, leading global broker FBS looks back at the significant economic events and delves into the perspective of the financial landscape in 2024. FBS financial market analysts point out that next year, financial markets will stand at the cusp of transformation under the influence of the US economy, global and local military conflicts, and the sprawl of AI. As FBS experts further stress, the cautious stance […]

todayDecember 19, 2023 5

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Africa

Uganda will soon be exporting oil: an energy economist outlines 3 keys to success

By Micah Lucy Abigaba, Makerere University Uganda entered into agreements in 2012 with two foreign oil entities to exploit its oil resources. Total Energies holds 56.67% of the joint venture partnership and China National Oil Offshore Company (CNOOC) has 28.33%. Through Uganda National Oil Company, the government owns the remaining 15%. Production is due to start in 2025. As part of the production sharing agreement, the production licences are valid […]

todayDecember 12, 2023 10

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