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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile

Veronika Haulenga

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

South African rand

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Business / Economics

06 March Morning Biz News Roundup: Banking Fees, Rand Strengthens, Coffee Price Surge, Canada vs. US Tariffs

Parliament Debates Investigation Into Unethical Banking Fees and Overcharging Parliament is currently engaged in a discussion over a potential investigation into unethical banking fees and overcharging practices in Namibia. Some Members of Parliament (MPs) have voiced concerns about the negative impact high banking fees have on consumers and small businesses, urging for more financial transparency and possible regulatory reforms to address the issue. The proposed motion aims to ensure that […]

today6 March, 2025 29

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Business / Economics

03 February 2025 Biz News Update

  1. Dynamic Pricing and Domestic Tourism Concerns The shift in Namibia's hospitality industry from traditional fixed rates to dynamic pricing has raised concerns about the future of domestic tourism, already burdened by economic pressures. According to a recent survey by The Brief, a number of the country's major hotels have adopted fluctuating rates, driven by international trends and increasing operational costs. This new approach could impact local tourism as […]

today3 February, 2025 36

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Business / Economics

Morning Biz News Update – 27 January 2025

    Namibian Stock Exchange (NSX) Activity On 27 January 2025, the NSX recorded a total volume of 1,575,316 shares traded, valued at N$44.9 million across 34 deals. Financials and Basic Materials were the standout sectors, driving significant trade volumes and values. Year-to-date market activity has reached 4.54 million shares, totaling N$280.17 million across 334 deals. South African Rand Weakens The South African rand weakened yesterday, trading at 18.72 to […]

today28 January, 2025 17

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Uncategorized

30 October-07 November 2024 Weekly Economics Wrap: Key Developments and Global Trends

    Namibia's Agricultural Growth: The Namibia Berries Project Expansion The Namibia Berries Project is setting its sights on significant expansion. The project plans to grow by 75 hectares annually, targeting 240 hectares by 2026. The ambitious vision, shared by founder Michael Rodenburg, aims for long-term growth, with a potential reach of 500 hectares, depending on funding and community development. This expansion is poised to make a substantial impact on […]

today7 November, 2024 12

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Business / Economics

24 June 2024 Morning Biz News: Business News Roundup: Key Developments in the Financial World

1. Savanna Beef Secures N$150 Million Loan for State-of-the-Art Abattoir Namibia’s Savanna Beef has achieved a significant milestone this month by securing a N$150 million loan. This financing will support the construction of an advanced export abattoir, marking a pivotal moment for the country's beef industry. Facilitated by Cirrus Capital and driven by the Beef Value Chain Forum, this collaborative effort underscores Namibia’s commitment to enhancing its agricultural infrastructure. The […]

today24 June, 2024 26

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Business / Economics

Bank of Namibia keeps repo rate at 7.75%

The Monetary Policy Committee of the Bank of Namibia has decided to keep the repo rate unchanged at 7.75 percent, with the prime lending rate holding steady at 11.50 percent. Governor of the Bank Johannes !Gawaxab says this policy stance will continue to safeguard the one-to-one link between the Namibia Dollar and the South African Rand and support domestic economic activity. UNAM economics lecturer, Dr. Omu Kakujaha-Matundu, believes that consumers […]

today19 June, 2024 83

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Business / Economics

12 June 2024 Morning Biz News: “Market Dynamics Shift: Vitol Divests, Rand Strengthens, Nigeria Explores LNG, Dollar Steadies”

Fair Competition Ensured as Vitol Emerald Bidco Divests from Service Stations in Namibia In a move to uphold fair competition in Namibia's fuel market, Vitol Emerald Bidco (Pty) Ltd has announced its decision to divest from 58 Engen and Shell service stations. This decision comes in the wake of its acquisition of Engen Ltd and is in compliance with conditions set by the Namibian Competition Commission. The aim behind this […]

today12 June, 2024 18

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Business / Economics

11 June 2024 Morning Biz News: Biz News Update: Q1 2024 Highlights and Key Financial Indicators

  Namibia's Pork Production Surge In the first quarter of 2024, Namibia's local fresh and processed pork production achieved a significant milestone, meeting 49.4% of the nation's consumption demands. This progress towards self-sufficiency was reported by the Brief, highlighting the country's efforts to bolster its domestic agricultural capabilities. The Livestock of Namibia Board noted a substantial 10.3% increase in the number of pigs slaughtered, rising to 12,253 from just over […]

today11 June, 2024 28

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Business / Economics

2 May 2024 Morning Biz News: Financial Highlights and Market Updates

Momentum Metropolitan Holdings Shines with Strong Earnings Momentum Metropolitan Holdings has kicked off the fiscal year ending December 31 with a resounding success, as evidenced by its robust earnings report for the first half. The company, particularly its operations in Namibia, played a pivotal role in driving this performance. Momentum Metropolitan Africa witnessed a significant surge in normalized headline earnings, largely attributed to increased investment income from Namibia. This underscores […]

today2 May, 2024 21