insert_link Business / Economics Stocks in Asia rebound after a day of wild selling worldwide Investors in Asia reclaimed a measure of calm on Tuesday, after a day of frenzied selling around the world over concerns about a potential US recession. Japanese, South Korean and Taiwanese stocks were all up in morning trade after a day of historic losses. Laura Westbrook reports from Hong Kong. todayAugust 6, 2024 17
insert_link Business / Economics 5 August 2024 Morning Biz News: July Retail Basket Costs Drop, Rand Strengthens, and Markets React to Economic Uncertainty In July, OK Foods saw a notable decrease in basket costs, dropping by 9.9%, as reported by The Brief. Conversely, Choppies experienced a rise of 4.7% in basket costs. Other major retailers also reported price reductions, with Spar offering the lowest price for Top Score 5kg. Among hypermarkets, Woermann Brock emerged as the most affordable, while Metro saw the highest increase in basket costs. On Friday, the South African […] todayAugust 5, 2024 8
insert_link Business / Economics Weekly Economics Wrap: 25 July – 1 August 2024: Telecom Upgrades in Namibia, Rand Strengthens, and Global Market Highlights Namibian Telecom and Connectivity Upgrades UCOM and BDQ Mobile Network Solutions have announced a significant 10-year partnership aimed at revitalizing Namibia’s third mobile phone operator. BDQ, in collaboration with American-based VANU Technology, will deploy advanced telecommunications infrastructure to enhance service quality. In related news, Telecom Namibia has successfully activated the Equiano subsea cable. This major development promises to greatly improve internet connectivity with 12 fiber pairs and a design […] todayAugust 1, 2024 10
insert_link Business / Economics 01 August 2024 Morning Biz News: Telecom Namibia Launches Equiano Cable; Rand Strengthens; Fed Holds Rates; Samsung Sees Record Growth Telecom Namibia Activates Equiano Cable: Boosting ICT in the Region Telecom Namibia has officially activated its capacity on the Equiano subsea cable, marking a significant milestone for the country's ICT sector. The Equiano cable, commissioned by Google, establishes Namibia as a key player in regional information and communication technology. It connects Namibia to Europe via Portugal and links to other parts of Africa through Cape Town and Johannesburg, enhancing the […] todayAugust 1, 2024 18
insert_link Business / Economics 31 July 2024 Morning Biz News: Ohlthaver & List Completes Full Acquisition of Broll Namibia; Rand and Yen Show Market Movements; Oil Prices Rebound Slightly Ohlthaver & List Acquires Full Ownership of Broll Namibia Windhoek, Namibia – The Ohlthaver & List (O&L) Group has solidified its position in the property services sector by acquiring the remaining 49.9% of shares in Broll Namibia from the Broll Property Group (Pty). The deal, which took effect on 1 July 2024, makes O&L the sole shareholder of Broll Namibia. This strategic acquisition underscores O&L's commitment to expanding its footprint […] todayJuly 31, 2024 19
insert_link Business / Economics 30 July 2024 Morning Biz News: Namibia’s Aquatic Exports Rise Despite Decrease in Landings; TotalEnergies Withdraws from South African Gas Block Namibia's Aquatic Exports Rise Namibia's export earnings from fish, crustaceans, molluscs, and other aquatic invertebrates reached N$4.1 billion in Q1 2024, a slight increase from N$4.0 billion in Q1 2023. Despite this, High Economic Intelligence (HEI) reports a 16.7% decrease in landings of quota species, down to 97,077 metric tons from 116,471 metric tons in the previous year. TotalEnergies Exits South African Offshore Gas Block TotalEnergies has announced its withdrawal […] todayJuly 30, 2024 17
insert_link Business / Economics 29 July 2024 Morniing Biz News: UCOM and BDQ Partner to Revitalize Namibia’s Telecom Sector; Rand Gains Against Dollar Amidst U.S. Inflation Data UCOM and BDQ Mobile Network Solutions Partner to Boost Namibia's Telecom Sector In a strategic move set to transform Namibia’s telecommunications landscape, UCOM has entered into a significant 10-year partnership with BDQ Mobile Network Solutions. According to The Brief, this collaboration aims to rejuvenate Namibia's third mobile phone operator through the deployment of cutting-edge telecommunications equipment and advanced technological solutions provided by BDQ and American-based VANU Technology. This initiative promises […] todayJuly 29, 2024 15
insert_link Business / Economics 26 July 2024 Morning Biz News: Key Developments Impacting the Market Cabinet Approves Baynes Hydropower Project The Namibian Cabinet has given the green light for the implementation of the bi-national Baynes Hydropower Project. This approval also includes the expedited construction of a road to the project site, set to commence in September. The decision follows a June meeting between Angola’s Minister of Energy and Water, Joắo Baptista Borges, and Namibia’s Minister of Mines and Energy, Tom Alweendo. During the meeting, […] todayJuly 26, 2024 13
insert_link Business / Economics 24 July 2024 Morning Biz News: Financial Brief: Key Updates on Pension Schemes, Currency Movements, and Commodities GIPF’s Pension-Backed Housing Loan Scheme Gathers Momentum The Government Institutions Pension Fund (GIPF) is poised to enhance its financial offerings with an innovative pension-backed housing loan scheme. This initiative will be facilitated through GIPF’s subsidiary, Kuleni Financial Services, and housing loan fund manager, First Capital Treasury Solutions. The Memorandum of Agreement (MoA) for the scheme is currently under review by the Office of the Prime Minister, as reported by The […] todayJuly 24, 2024 22
