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 […]

June 27, 2024 29

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 […]

June 21, 2024 13

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 […]

June 20, 2024 21

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 […]

June 19, 2024 27

Business / Economics

17 June 2024 Morning Biz News: Pupkewitz Leads as Most Affordable Hardware Store; Rand Strengthens on SA Unity Deal: Biz News Update June 2024

1. Pupkewitz Tops as Most Affordable Hardware Store in Windhoek According to The Brief's latest monthly survey for June 2024, Pupkewitz has emerged as the most affordable hardware store in Windhoek. The survey, which commenced in June last year, compares prices of a standardized basket of hardware items commonly purchased monthly. The stores included in the comparison were Build It, BUCO, Pupkewitz Megabuild, and Ark Trading. Over the past […]

June 17, 2024 36

Business / Economics

14 June 2024 Morning Biz News: Global Financial Developments: From Loans to Levies, Markets React Amidst Economic Shifts

1. Paratus Namibia Holdings Successfully Raises N$175 Million through Floating-Rate Notes Paratus Namibia Holdings Limited, in collaboration with Cirrus Capital, has achieved a significant milestone in the financial markets with the successful auction of N$175 million in floating-rate notes. Despite facing a total demand of N$557 million, the issuance was fully allocated, underscoring strong investor confidence and appetite for high-quality debt instruments in Namibia's financial landscape. This development marks a […]

June 14, 2024 24

Business / Economics

6 June 2024 Morning Biz News: Economic Resilience and Global Trends: A Snapshot of African Markets

In a dynamic landscape marked by shifting global tides and regional developments, the economic pulse of African nations remains resilient, showcasing both challenges and opportunities on the horizon. Recent updates from key players in the continent’s financial sphere shed light on noteworthy shifts and trends that impact markets and investor sentiments. 1. Namibia's Fiscal Fortitude: Moody's Ratings' decision to upgrade Namibia's sovereign credit rating outlook from stable to positive […]

June 6, 2024 16

Business / Economics

5 June 2024 Morning Biz News: Global Economic Landscape: Namibia’s Walvis Bay Leads Trade, Rand Dips Amid Political Shifts, Nigerian Banks Adapt, and Markets Tread Cautiously

Namibia's Walvis Bay Harbour Emerges as Leading Trade Gateway In April, Walvis Bay Harbour solidified its position as Namibia's premier trade gateway, boasting the highest trade volumes for both exports and imports among the country's ports. According to data from The Brief, the Namibia Statistics Agency reported that Walvis Bay Harbour managed a staggering N$3.8 billion in exports and N$5.2 billion in imports during the month. This significant achievement underscores […]

June 5, 2024 13

Business / Economics

21 May 2024 Morning Biz News: Let’s Explore the Latest Financial Developments

In the dynamic landscape of business and finance, staying updated with the latest news and market movements is essential. Here's a snapshot of recent noteworthy events in the realm of commerce and investment: Let she go Holdings Namibia's Successful N$260 Million Offering Let she go Holdings Namibia recently made waves by issuing a N$260 million three-year senior unsecured social note on the Namibian Stock Exchange. This move garnered […]

May 21, 2024 13

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