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Business / Economics

24 May 2024 Morning Biz News: Old Mutual Foundation Boosts Grassroots Entrepreneurs with N$800,000 Investment; Rand Weakens, Dollar Surges: Weekly Business Digest”

  In the dynamic world of finance and business, every week brings forth a tapestry of developments that shape markets, economies, and opportunities. This week, notable movements in currencies, commodities, and initiatives mark the landscape of economic discourse. Here's a snapshot of the latest financial indicators and significant events impacting the business realm. 1. Old Mutual Foundation's Investment in Grassroots Entrepreneurs The Old Mutual Foundation reaffirms its commitment to fostering […]

todayMay 24, 2024 14

Business / Economics

16-23 May 2024 Weekly Economic Wrap: Insights and Highlights

Bringing you the latest updates and significant developments shaping economies and markets worldwide. Local Insights: The Directorate of Veterinary Services, under Namibia's Ministry of Agriculture, Water, and Land Reform, has lifted its ban on poultry meat imports from South Africa. Only meat sourced from bio-secure farms listed by the Veterinary Authority of South Africa will be permitted into Namibia, ensuring stringent quality control measures. Paratus Namibia Holdings Ltd and Bonben […]

todayMay 23, 2024 20

Business / Economics

09 April 2024 Morning Biz News: Latest Financial Highlights: Growth, Strength, Collaboration, and Market Insights

The Namibia Depository Guarantee Authority reported a growth in its investment value to N$16.2 million by the end of the 2022 financial year, attributed to received premiums and interest earnings. Florette Nakusera, NDGA's head, affirmed the security of the fund's assets, which were invested in line with approved policies and guidelines. South Africa's rand saw a boost following central bank data indicating a rise in foreign reserves last month. By […]

todayApril 9, 2024 6

Business / Economics

05 April 2024 Morning Biz News: Latest Financial Indicators: Opportunities, Stability, and Upward Trends

In the ever-evolving landscape of global economics, recent projections and indicators shed light on various sectors, from renewable energy to consumer spending and currency markets. Let's delve into the latest financial indicators that reflect opportunities, stability, and upward trends. Namibia's Solar Potential: A Bright Path to Growth Global consultancy firm McKinsey & Company has forecasted a promising future for Namibia's renewable energy sector. By the year 2050, domestic production of […]

todayApril 5, 2024 17

Business / Economics

28 March 2024-A April 2024 Weekly Economics Wrap-Up

Namibian Developments Namibian Local Content Conference: The Namibia Chamber of Commerce and Industry, in collaboration with Antila Consultancy, is organizing the inaugural Namibian Local Content Conference from April 16 to 18. This conference aims to enhance local engagement in Namibia's burgeoning oil and gas sector by facilitating discussions among government officials, international oil companies, private sector stakeholders, and SMEs. Foreign Direct Investments in Oil and Gas Sector: The Bank of […]

todayApril 4, 2024

Business / Economics

03 April 2024 Morning Biz News: Paladin Energy’s Langer Heinrich Mine Achieves Production Milestone

Paladin Energy, a prominent player in the uranium mining sector, has recently announced a significant milestone at its Langer Heinrich Mine. The company disclosed that the mine has achieved its first production milestone following a successful restart. This development comes as a result of strategic initiatives undertaken by Paladin Energy to resume operations at the Langer Heinrich uranium mine. In May 2022, Paladin Energy unveiled plans to raise N$169 million […]

todayApril 3, 2024 7

Business / Economics

13 March 2024 Morning Biz News: Lüderitz Poised to Lead in Oil and Gas Sector with Inaugural Local Content Conference

Lüderitz, a coastal town in Namibia, is gearing up to take center stage in the burgeoning oil and gas industry. Set to host the first-ever local content conference and exhibition next month, Lüderitz aims to position itself as a pivotal player in this rapidly evolving sector. The conference, with its primary objective of identifying industry gaps and fostering opportunities for local participation across the oil and gas value chain, marks […]

todayMarch 13, 2024 251