insert_link Business / Economics 3 July 2024 Morning Biz News: Global Economic Insights: Manufacturing Leads Namibia’s Exports, South Africa’s Business Confidence Surges, NNPC’s Oil Production Strategy, and Oil Prices Rise Amid Summer Demand Optimism Namibia's Manufacturing Sector Leads Export Growth in May 2024 Namibia's economic landscape in May 2024 showcased robust export performance, with the manufacturing industry emerging as a pivotal contributor. According to the Namibia Statistics Agency, the sector spearheaded the nation's exports, contributing goods valued at N$6.3 billion. This figure contributed significantly to the country's total exports for the month, which surged to N$44.7 billion, marking a notable increase from N$42.4 billion […] todayJuly 3, 2024 15
insert_link Business / Economics 2 July 2024 Morning Biz News: Namibian Stock Exchange Thrives, Dollar Strengthens Amid Global Financial Developments Namibian Stock Exchange Shows Strong Growth in Q1 2024 The Namibian Stock Exchange (NSX) has reported a robust performance in the first quarter of 2024, reflecting positive trends in market capitalization and trading volumes. According to The Brief, NSX's local board witnessed a notable increase in market capitalization, soaring to N$45 billion from N$38 billion in Q1 2023. This growth underscores a resilient market environment despite global economic uncertainties. The […] todayJuly 2, 2024 14
insert_link Business / Economics 1st July 2024 Morning Biz News: OK Foods Cuts Costs, Rand Rallies, Oil Prices Rise, and Euro Gains Amid Political Shifts OK Foods Leads with Significant Basket Cost Reduction OK Foods has demonstrated remarkable cost management, recording the largest year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost, which was close to N$1100 in June last year, has dropped by 11.65% to N$984.11 this past June. This reduction highlights OK Foods' commitment to providing value to its customers amidst challenging economic conditions. South African […] todayJuly 1, 2024 13
insert_link Business / Economics 28 June 2024 Morning Biz News: Namibia’s Investment Strength, Rand Decline, Oil Prices Surge, and Dollar Dominance As of December 31 last year, members of the Namibia Savings and Investment Association (NaSIA) managed over 75% of the country's $252 billion in assets under management, according to a report by The Brief. This impressive feat places Namibia seventh globally in contractual saving rates, trailing only behind developed nations. The robust performance of NaSIA highlights the country's growing emphasis on savings and investment, which are crucial for economic stability […] todayJune 28, 2024 9
insert_link Business / Economics 20-27 June 2024 Weekly Economics Wrap: Global and African Markets in Focus This week in economic news, several key developments have shaped financial landscapes across Africa and globally. Namibian Market Highlights: Savanna Beef Secures N$150 Million for Export Abattoir: Savanna Beef has successfully secured a N$150 million loan to construct an advanced export abattoir. This initiative, spearheaded by the Beef Value Chain Forum and facilitated by Cirrus Capital, aims to enhance Namibia's beef export capabilities, as reported in The Brief. Trustco […] todayJune 27, 2024 12
insert_link Business / Economics 27 June 2024 Moring Biz News: Namibian Business Pulse: Mining Expo Set for Record Turnout Amidst Currency and Market Developments 1. Chamber of Mines of Namibia Prepares for Record-breaking Mining Expo The Chamber of Mines of Namibia is anticipating a highly successful annual mining expo this year, with expectations pointing towards a record-breaking turnout. Having previously hosted 162 exhibitors and 270 booths, the upcoming event has already secured commitments from 145 exhibitors for 245 booths with six weeks remaining until its commencement. This surge suggests an imminent sell-out, according to […] todayJune 27, 2024 18
insert_link Business / Economics 21 June 2024 Morning Biz News: Biz News Roundup: Economic Insights and Market Movements In the dynamic world of business and finance, staying informed about the latest developments is crucial for making sound decisions. Here's a roundup of the most recent updates shaping economies and markets globally: Namibia Shows Resilient Growth in Q1 2024 Namibia's economy demonstrated robust performance in the first quarter of 2024, with a significant growth of N$5.3 billion, marking a 4.7% real growth rate. According to the Namibia Statistics […] todayJune 21, 2024 9
insert_link Business / Economics 20 June 2024 Morning Biz News: Global Economic Pulse: Trade Deficits Rise, Inflation Steady, and Strategic Investments in Energy Sector In the dynamic landscape of global finance, several key developments have emerged recently that underscore significant trends and economic indicators across various regions. Here's a roundup of the latest updates: 1. Namibia Faces Growing Trade Deficit The Bank of Namibia's recent report highlights a concerning trend for the country's economy. Governor Johannes !Gawaxab announced a notable increase in Namibia's merchandise trade deficit, which has surged to N$13.5 billion in […] todayJune 20, 2024 12
insert_link Business / Economics 19 June 2024 Morning Biz News: Global Markets React: Namibia’s Grape Exports Soar, Oil Prices Rise Amidst Tensions, Dollar Weakens on Retail Data 1. Namibia's Table Grape Exports Surge, Reaching N$1.7 Billion The Namibian Agronomic Board (NAB) has reported a significant 19% increase in the country’s table grape exports during the last harvest season, reaching a total value of N$1.7 billion. This growth underscores Namibia’s strengthening position in the international market for agricultural products. Fidelis Mwazi, CEO of NAB, highlighted that stringent quality control measures, including the inspection of 9.3 million cartons, were […] todayJune 19, 2024 16
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.
