insert_link Business / Economics 10 May 2024 Morning Biz News: Renewable Energy Innovation, Currency Trends, and Economic Projections: A Comprehensive Overview of Today’s Financial Landscape” Daures Green Hydrogen Village Collaborates with Delft Offshore Turbine for Innovative Clean Energy Solution In a significant stride towards sustainable energy production, the Daures Green Hydrogen Village and Delft Offshore Turbine (DOT) have inked a letter of intent. This partnership aims to integrate a DOT turbine into the infrastructure of the Daures Green Hydrogen Village, heralding a new era of renewable energy innovation. The DOT turbine distinguishes itself by not […] todayMay 10, 2024 16
insert_link Business / Economics 7 May 2024 Morning Biz News: RWCo GmbH Remains Determined in Ohorongo Cement Acquisition Despite Regulatory Hurdles In the intricate world of business acquisitions, perseverance often defines success. RWCo GmbH, despite facing setbacks in its bid to acquire Ohorongo Cement for a staggering N$2 billion, continues to press forward with determination. The journey has been fraught with challenges, particularly concerning regulatory issues, including complications with the Namibian Competition Commission. However, recent developments indicate that RWCo GmbH remains undeterred in its pursuit. According to insights from The Brief, […] todayMay 7, 2024 22
insert_link Business / Economics 29 April 2024 Morning Biz News: Biz News Roundup: Landlords Seize Opportunity, Rand Strengthens, Nigeria Secures Investment, and Dollar Hits High Namibian Landlords Capitalize on Rental Demand Surge: Landlords in Namibia are making the most of increased demand for rental properties by raising deposits, as reported by the FNB Rent Price Index. Despite a slight decline in deposit growth in the fourth quarter of 2023 compared to the previous quarter, it remained significantly higher than the same period in 2022. This trend reflects the buoyancy of the rental market amidst changing […] todayApril 29, 2024 19
insert_link Business / Economics 24 April Morning Biz News: Namibia’s Exchange Control Policies Pose Challenges to Oil and Gas Sector Expansion The Brief reports that Higino Mutemba, Head of Oilfield Services at RMB, has raised concerns about Namibia's stringent exchange control policies potentially hindering the country's ambitious plans for its burgeoning oil and gas sector. Despite Namibia's efforts to regulate foreign currency flows, Mutemba warns that these policies could deter international investors, drawing attention to the difficulties encountered in repatriating funds from other African nations. Namibia has been actively seeking to […] todayApril 24, 2024 34
insert_link Business / Economics 23 April 2024, Moring Biz News: Biz News Update: Key Developments in Agriculture, Currency Markets, and Commodities Namibian Cereal Production Faces Significant Decline: The Ministry of Agriculture, Water, and Land Reform in Namibia has projected a substantial decrease in cereal production, primarily due to unpredictable rainfall patterns and prolonged dry spells. The commercial farming sector is particularly affected, with an estimated harvest of only 35,200 metric tons. This marks a drastic 68% decrease compared to last season's production levels, highlighting the challenges faced by the agricultural […] todayApril 23, 2024 15
insert_link Business / Economics 18 April 2024 Morning Biz News: Latest Financial Indicators and Business News Recap Bank of Namibia Maintains Repo Rate: The Bank of Namibia has announced its decision to keep the repo rate steady at 7.75 percent, alongside a stable prime lending rate of 11.50 percent. This marks the second monetary policy announcement by the BoN this year, indicating a cautious approach to economic management. South Africa Sees Decrease in Consumer Inflation: Consumer inflation in South Africa saw a slight decrease in March, falling […] todayApril 18, 2024 21
insert_link Business / Economics 17 April 2024 Morning Biz News: Exploring the Latest in Business News As the global economic landscape continues to evolve, let's delve into the latest developments shaping the world of business and finance. Galp Energia Unveils Extensive Exploration Campaign Galp Energia, a key player in the energy sector, has set forth ambitious plans for a comprehensive exploration campaign spanning three years within Petroleum Exploration Licence 83. This initiative entails the drilling of 10 exploration and appraisal wells, coupled with extensive flow testing. […] todayApril 17, 2024 4
insert_link Business / Economics 16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […] todayApril 16, 2024 31
insert_link Business / Economics 04-11 April 2024 Weekly Economics Wrap Africa Global Logistics Wins Contract for Walvis Bay Terminal: Africa Global Logistics (AGL) has secured the contract to oversee operations at the Walvis Bay Multipurpose Bulk Terminal in Namibia. AGL aims to facilitate access to SADC markets and invest in modern infrastructure to drive economic growth in the region. The company plans to support Namibia's energy, mining, and industrial projects by offering integrated services adhering to global standards. Namibia-China Trade […] todayApril 11, 2024 9
