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

s.a rand

49 Results / Page 2 of 6

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Business / Economics

12 August 2024 Morning Biz News: Namibia Secures €7.5 Million Grant for Electrification as Global Oil Prices Stabilize and Market Volatility Persists

Namibia has received a significant boost in its electrification efforts, securing a €7.5 million grant from Germany’s KfW Development Bank. This funding, in collaboration with local agencies, aims to enhance electricity access in peri-urban and rural areas, specifically targeting the North-East and North-West regions. This initiative reflects Namibia's commitment to improving energy infrastructure and supporting economic development through increased access to reliable power. In Nigeria, the Dangote Oil Refinery, a […]

todayAugust 12, 2024 16

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Business / Economics

1-8 August Weekly Economic Wrap: Mining Growth in Namibia, South African Refinery Deal, and Global Currency Fluctuations

Namibian Highlights: Mining Sector Growth: Research by Simonis Storm reveals an 18.2% increase in the real value added by Namibia's mining and quarrying sector for Q1 2024. This growth has elevated its contribution to Namibia's GDP from 0.6% in 2015 to 1.4% today, attributed to continued investments in oil and gas activities. Nedbank's Avo SuperShop Expansion: Since its launch in late 2023, Nedbank's Avo SuperShop has attracted over 1,800 users […]

todayAugust 8, 2024 38

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Business / Economics

5 August 2024 Morning Biz News: July Retail Basket Costs Drop, Rand Strengthens, and Markets React to Economic Uncertainty

  In July, OK Foods saw a notable decrease in basket costs, dropping by 9.9%, as reported by The Brief. Conversely, Choppies experienced a rise of 4.7% in basket costs. Other major retailers also reported price reductions, with Spar offering the lowest price for Top Score 5kg. Among hypermarkets, Woermann Brock emerged as the most affordable, while Metro saw the highest increase in basket costs. On Friday, the South African […]

todayAugust 5, 2024 12

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Business / Economics

29 July 2024 Morniing Biz News: UCOM and BDQ Partner to Revitalize Namibia’s Telecom Sector; Rand Gains Against Dollar Amidst U.S. Inflation Data

UCOM and BDQ Mobile Network Solutions Partner to Boost Namibia's Telecom Sector In a strategic move set to transform Namibia’s telecommunications landscape, UCOM has entered into a significant 10-year partnership with BDQ Mobile Network Solutions. According to The Brief, this collaboration aims to rejuvenate Namibia's third mobile phone operator through the deployment of cutting-edge telecommunications equipment and advanced technological solutions provided by BDQ and American-based VANU Technology. This initiative promises […]

todayJuly 29, 2024 24

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Business / Economics

18 July 2024 Morning Biz News Biz News Roundup: Key Financial Developments

Building Approvals Surge in Windhoek The City of Windhoek has approved 928 building plans in the first half of 2024, valued at N$921.9 million, as reported by The Brief. This represents a 1.4% increase in the number of plans and a substantial 30.0% increase in their value compared to the same period in 2023. However, IJG Securities highlighted a 16.3% decrease in the number of approvals and a marginal 0.1% […]

todayJuly 18, 2024 18

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Business / Economics

17 July 2024 Morning Biz News: “Namibia Economic Update: Kelp Blue License Secured, Rand Strengthens Amid Global Market Dynamics”

In recent developments impacting Namibia's economic landscape, several key indicators and business activities have emerged, reflecting both local and international market trends. Kelp Blue Namibia, led by Managing Director Fabian Shaanika, has secured a significant 15-year commercial license for cultivating Giant Kelp across a sprawling 6,400-hectare offshore site. This milestone not only promises substantial business expansion for Kelp Blue but also underscores its role in enhancing carbon sequestration efforts. On […]

todayJuly 17, 2024 20

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Business / Economics

16 July 2024 Morning Biz News: Business Update: Tourism Surges, Rand Weakens, Inflation Soars, and Oil Faces Pressure

1. Tourism Sector Sees Remarkable Growth in 2023 Namibia's tourism industry experienced a substantial surge in 2023, with international visitor arrivals reaching approximately 864 thousand, marking an impressive 87.4% increase from the previous year's 461,027 arrivals. Minister Pohamba Shifeta of the Environment, Forestry, and Tourism ministry unveiled these statistics in the Annual Tourist Statistical Report for 2023. This growth underscores Namibia's attractiveness as a key destination in the region, reflecting […]

todayJuly 16, 2024 14

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Business / Economics

15 July 2024 Morning Biz News: Business News Headlines: Namibia-South Africa Green Hydrogen Pipeline Feasibility Study Initiated, Rand Strengthens Amidst U.S. Inflation Data, Political Uncertainty Impacts Markets, Oil Prices Decline

  1. Namibia-South Africa Green Hydrogen Pipeline Feasibility Study The Ministry of Mines and Energy in Namibia has allocated N$5 million for a feasibility study on a cross-border green hydrogen pipeline connecting Namibia and South Africa. Initiated under Namibia's Green Hydrogen Programme, this study follows a recent Memorandum of Understanding signed between the two nations at the World Hydrogen Summit in May 2024. This ambitious project aims to leverage hydrogen […]

todayJuly 15, 2024 28

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Business / Economics

4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond

  Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […]

todayJuly 11, 2024 9

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