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

US Dollar

64 Results / Page 4 of 8

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Business / Economics

4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond

  Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […]

todayJuly 11, 2024 9

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Business / Economics

9 July 2024 Afternoon Biz News: Economic Update: Aquaculture Project Cleared, Rand Stable Amid Global Market Uncertainty

  Blue Ridge Aquaculture Africa (Pty)’s Aquaculture Project: Blue Ridge Aquaculture Africa (Pty)’s local associate has received Environmental Clearance for a 25-hectare aquaculture project near Henties Bay. The project will use Recirculating Aquaculture Systems for Tilapia farming and is expected to cost under N$1.4 billion. South African Rand Stability: The South African rand remained stable, trading at 18.13 against the dollar. Market focus is on the Federal Reserve chair's testimony […]

todayJuly 9, 2024 16

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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 40

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Business / Economics

5 July 2024 Morning Biz News: Global Financial Insights: Namibia’s Energy Exploration Highlights, Currency Movements, and Major Market Developments

Shell and Galp Energies Applauded for Namibian Exploration Achievements Research firm Wood Mackenzie Exploration Survey has acknowledged Shell and Galp Energies for their notable contributions to the exploration sector, with a special emphasis on their work in Namibia. According to The Brief, the survey gathers insights from industry professionals, who are asked to identify the most admired explorers, excluding their own companies. This recognition highlights the significant strides both companies […]

todayJuly 5, 2024 17

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Business / Economics

4 July Morning Biz News: Global Markets Surge Amid Economic Optimism and Strategic Oil Sector Moves

1. Botswana and Namibia Explore Fuel Storage Collaboration In a move aimed at enhancing regional fuel logistics, Botswana President Mokgweetsi Masisi has announced that the Botswana Oil Company is in talks with the Namibia National Petroleum Corporation (NNPC) to establish shared fuel storage facilities at Walvis Bay. This collaboration seeks to optimize fuel transportation and streamline oil sourcing from Angola, potentially bolstering efficiency across the supply chain. 2. South African […]

todayJuly 4, 2024 19

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Business / Economics

3 July 2024 Morning Biz News: Global Economic Insights: Manufacturing Leads Namibia’s Exports, South Africa’s Business Confidence Surges, NNPC’s Oil Production Strategy, and Oil Prices Rise Amid Summer Demand Optimism

Namibia's Manufacturing Sector Leads Export Growth in May 2024 Namibia's economic landscape in May 2024 showcased robust export performance, with the manufacturing industry emerging as a pivotal contributor. According to the Namibia Statistics Agency, the sector spearheaded the nation's exports, contributing goods valued at N$6.3 billion. This figure contributed significantly to the country's total exports for the month, which surged to N$44.7 billion, marking a notable increase from N$42.4 billion […]

todayJuly 3, 2024 24

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Business / Economics

2 July 2024 Morning Biz News: Namibian Stock Exchange Thrives, Dollar Strengthens Amid Global Financial Developments

Namibian Stock Exchange Shows Strong Growth in Q1 2024 The Namibian Stock Exchange (NSX) has reported a robust performance in the first quarter of 2024, reflecting positive trends in market capitalization and trading volumes. According to The Brief, NSX's local board witnessed a notable increase in market capitalization, soaring to N$45 billion from N$38 billion in Q1 2023. This growth underscores a resilient market environment despite global economic uncertainties. The […]

todayJuly 2, 2024 26

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Business / Economics

1st July 2024 Morning Biz News: OK Foods Cuts Costs, Rand Rallies, Oil Prices Rise, and Euro Gains Amid Political Shifts

OK Foods Leads with Significant Basket Cost Reduction OK Foods has demonstrated remarkable cost management, recording the largest year-on-year decrease in basket cost among the seven stores surveyed by The Brief. The basket cost, which was close to N$1100 in June last year, has dropped by 11.65% to N$984.11 this past June. This reduction highlights OK Foods' commitment to providing value to its customers amidst challenging economic conditions. South African […]

todayJuly 1, 2024 19

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Business / Economics

28 June 2024 Morning Biz News: Namibia’s Investment Strength, Rand Decline, Oil Prices Surge, and Dollar Dominance

As of December 31 last year, members of the Namibia Savings and Investment Association (NaSIA) managed over 75% of the country's $252 billion in assets under management, according to a report by The Brief. This impressive feat places Namibia seventh globally in contractual saving rates, trailing only behind developed nations. The robust performance of NaSIA highlights the country's growing emphasis on savings and investment, which are crucial for economic stability […]

todayJune 28, 2024 14

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