insert_link Business / Economics 19 July 2024 Morning Biz News: Financial News Roundup: Meatco’s Turnaround Concerns, South African Repo Rate Unchanged, Naira Depreciates, and Dollar Steady Amid Fed Speculation 1. Meat Corporation Turnaround Strategy Under Scrutiny Finance and Public Enterprises Minister Iipumbu Shiimi has voiced concerns over the Meat Corporation's (Meatco) turnaround strategy, according to The Brief. Despite the government injecting N$1 billion in subsidies over the past three years, Shiimi is dissatisfied with the company's lack of substantial progress. The effectiveness of the turnaround plan remains a key issue, with expectations for better performance and return on investment […] todayJuly 19, 2024 14
insert_link Business / Economics 8 July 2024 Morning Biz News: Namibia’s Agricultural Land Prices Surge 21.1%; TotalEnergies Commits to South African Gas Amid Euro Weakness and Stable Oil Prices Namibia’s Agricultural Land Prices Surge by 21.1% in Eight Years Namibia's commercial agricultural land market has experienced a significant uptick, with prices soaring by 21.1% over the past eight years. According to the Namibia Statistics Agency, this surge has propelled the national index to 121.1 basis points in 2023, marking a sustained upward trajectory in land values across the country. TotalEnergies Commits to South African Gas Investments Despite Initial Exit […] todayJuly 8, 2024 32
insert_link Business / Economics 26 June 2024 Morning Biz News: Business News Roundup: Port of Walvis Bay Drops in Rankings, Sibanye Stillwater Seeks $500 Million, Dollar Strengthens, and Oil Prices Fall Global Shipping Challenges: The Port of Walvis Bay's Decline The Port of Walvis Bay has experienced a significant drop in global rankings, as highlighted by the World Bank's latest report. Once positioned at 293rd in 2022, the port now finds itself at 382nd out of 405 ports in 2023. The 2023 Container Port Performance Index by High Economic Intelligence identifies several contributing factors to this decline, raising concerns about […] todayJune 26, 2024 23
insert_link Business / Economics 25 June 2024 Morning Biz News: Global Markets Navigate Volatility: Namibia’s Agricultural Imports Surge, Rand Weakens, Oil Prices Stable, Stocks Mixed Ahead of US Inflation Data In the dynamic landscape of global markets, several key developments have emerged, impacting economies and industries worldwide. Here's a comprehensive overview of the latest updates: 1. Namibia's Agricultural Imports Surge Amidst Economic Realities Namibia, a nation with a burgeoning agricultural sector, faced significant revelations as Eos Capital Managing Director, Immanuel Kadhila, disclosed that the country imported agricultural products amounting to N$22 billion in 2023. This figure starkly highlights Namibia's heavy […] todayJune 25, 2024 15
insert_link Business / Economics 13 June 2024 Morning Biz News: Biz News Roundup: Key Developments in Property Legislation, Corporate Earnings, Oil Prices, and Currency Movements Property Practitioners Bill Introduced in Parliament In a significant legislative move, the Namibian Parliament has introduced the Property Practitioners Bill, aiming to overhaul and modernize the country’s property sector. According to a report by The Brief, this Bill is set to replace the outdated Estate Agents Act of 1976. The proposed legislation will establish the Property Practitioners Regulatory Authority, which is designed to enhance consumer protection and ensure more […] todayJune 13, 2024 20
insert_link 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 19
insert_link 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 23
insert_link 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 8
insert_link 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 19
