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

US Dollar

67 Results / Page 4 of 8

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Business / Economics

17 July 2024 Morning Biz News: “Namibia Economic Update: Kelp Blue License Secured, Rand Strengthens Amid Global Market Dynamics”

In recent developments impacting Namibia's economic landscape, several key indicators and business activities have emerged, reflecting both local and international market trends. Kelp Blue Namibia, led by Managing Director Fabian Shaanika, has secured a significant 15-year commercial license for cultivating Giant Kelp across a sprawling 6,400-hectare offshore site. This milestone not only promises substantial business expansion for Kelp Blue but also underscores its role in enhancing carbon sequestration efforts. On […]

todayJuly 17, 2024 20

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Business / Economics

16 July 2024 Morning Biz News: Business Update: Tourism Surges, Rand Weakens, Inflation Soars, and Oil Faces Pressure

1. Tourism Sector Sees Remarkable Growth in 2023 Namibia's tourism industry experienced a substantial surge in 2023, with international visitor arrivals reaching approximately 864 thousand, marking an impressive 87.4% increase from the previous year's 461,027 arrivals. Minister Pohamba Shifeta of the Environment, Forestry, and Tourism ministry unveiled these statistics in the Annual Tourist Statistical Report for 2023. This growth underscores Namibia's attractiveness as a key destination in the region, reflecting […]

todayJuly 16, 2024 15

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Business / Economics

15 July 2024 Morning Biz News: Business News Headlines: Namibia-South Africa Green Hydrogen Pipeline Feasibility Study Initiated, Rand Strengthens Amidst U.S. Inflation Data, Political Uncertainty Impacts Markets, Oil Prices Decline

  1. Namibia-South Africa Green Hydrogen Pipeline Feasibility Study The Ministry of Mines and Energy in Namibia has allocated N$5 million for a feasibility study on a cross-border green hydrogen pipeline connecting Namibia and South Africa. Initiated under Namibia's Green Hydrogen Programme, this study follows a recent Memorandum of Understanding signed between the two nations at the World Hydrogen Summit in May 2024. This ambitious project aims to leverage hydrogen […]

todayJuly 15, 2024 32

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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 10

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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 17

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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 42

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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 25

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