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

US Dollar

64 Results / Page 1 of 8

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Business / Economics

Potential Global and Namibian Economic Impacts of a Trump 2.0 Presidency

    Theo Klein, an economist from Oxford Economics Africa in South Africa, warns that a second Trump presidency may negatively affect global markets, leading to higher inflation, interest rates, a stronger US dollar, and suppressed oil prices. For Namibia, the potential impacts include a slower interest rate cutting cycle and rising inflation as discussed by Klein alongside factors that could affect Namibia's economy.

todayNovember 21, 2024 4

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Business / Economics

7 October 2024 Morning Biz News: Economic Activity Slows in Namibia Amid Currency Adjustments and Global Concerns

Business Registrations Decline in Namibia Economic activity in Namibia experienced a slowdown in the second quarter of 2024, with business registrations falling by 34% compared to the same period in 2023, according to data from the Bank of Namibia, as reported by The Brief. This downturn was evident in both close corporations, which saw a significant drop of 37.7%, and private companies, which recorded an 8.4% year-on-year decrease. The decline […]

todayOctober 7, 2024 23

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Business / Economics

29 August 2024 Morning Biz News: Namibian Oil Reserves Boost Local Bonds; MTN’s New Appointments; Dollar Steady; Nvidia Surges

  Namibian Oil Reserves Drive Local Bond Index Surge The discovery of substantial crude oil reserves in Namibia has ignited interest in Namibian assets, notably boosting an index fund tracking local government bonds. The Exchange Traded Fund, listed on both the Namibian and South African stock exchanges, has surged over 20% in U.S. dollar terms since Galp's announcement in April of the Mopane field potentially holding at least 10 billion […]

todayAugust 29, 2024 21

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Business / Economics

23 August 2024 Moring Biz News: Major Contracts, Interest Rate Debates, Legal Settlements, and Financial Market Updates

Savanna Beef Secures Major Contract with GPS Food Group Savanna Beef has landed a significant contract with global food giant GPS Food Group, ensuring a stable market for its products and enhancing its production processes. Announced by Chairperson Mecki Schneider, the agreement, signed on April 30, is set to significantly bolster the company's growth. This partnership marks a major step forward for Savanna Beef, providing valuable support and stability as […]

todayAugust 23, 2024 13

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Business / Economics

21st August 2024 Morning Biz News: Telecom Namibia Boosts Network with N$100 Million Investment; Rand Weakens Ahead of Inflation Data

Telecom Namibia Invests N$100 Million to Upgrade Network Telecom Namibia is committing between N$90 million and N$100 million to enhance network quality and expand coverage across the country. This substantial investment includes upgrading several mobile sites from 2G to 3G and 4G technology. CEO Stanley Shanapinda highlighted that these upgrades are aimed at significantly improving network performance and accessibility for users nationwide. South African Rand Depreciates Ahead of Inflation Data […]

todayAugust 21, 2024 11

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Business / Economics

15 August 2024 Morning Biz News: Welwitschia Sovereign Wealth Fund Doubles in Value; Rand Gains on U.S. Data; Oil Prices Rebound

Welwitschia Sovereign Wealth Fund Sees Remarkable Growth The Welwitschia Sovereign Wealth Fund, launched in 2022, has nearly doubled its value, rising from N$260 million to N$440 million. Central Bank Governor Johannes !Gawaxab noted that the Fund has consistently outperformed its benchmark, the Norwegian Government Pension Fund Global, demonstrating strong performance and growth. South African Rand Strengthens On Wednesday, the South African rand appreciated to 18.05 against the US dollar, marking […]

todayAugust 15, 2024 17

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Business / Economics

14 August 2024 Morning Biz News: Namibia Keeps Repo Rate Steady? , South Africa Sees Surge in Project Announcements, Dollar Weakens, and Oil Prices Climb

  Bank of Namibia Expected to Maintain Repo Rate Analysts are predicting that the Bank of Namibia will keep the repo rate steady at 7.75% during its upcoming Monetary Policy Committee meeting on Wednesday. This decision would mark the third consecutive meeting where the rate remains unchanged, following similar outcomes in April and June. The move reflects ongoing stability in the financial sector as the bank continues to navigate economic […]

todayAugust 14, 2024 11

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Business / Economics

12 August 2024 Morning Biz News: Namibia Secures €7.5 Million Grant for Electrification as Global Oil Prices Stabilize and Market Volatility Persists

Namibia has received a significant boost in its electrification efforts, securing a €7.5 million grant from Germany’s KfW Development Bank. This funding, in collaboration with local agencies, aims to enhance electricity access in peri-urban and rural areas, specifically targeting the North-East and North-West regions. This initiative reflects Namibia's commitment to improving energy infrastructure and supporting economic development through increased access to reliable power. In Nigeria, the Dangote Oil Refinery, a […]

todayAugust 12, 2024 16

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Business / Economics

1-8 August Weekly Economic Wrap: Mining Growth in Namibia, South African Refinery Deal, and Global Currency Fluctuations

Namibian Highlights: Mining Sector Growth: Research by Simonis Storm reveals an 18.2% increase in the real value added by Namibia's mining and quarrying sector for Q1 2024. This growth has elevated its contribution to Namibia's GDP from 0.6% in 2015 to 1.4% today, attributed to continued investments in oil and gas activities. Nedbank's Avo SuperShop Expansion: Since its launch in late 2023, Nedbank's Avo SuperShop has attracted over 1,800 users […]

todayAugust 8, 2024 38

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