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

US Dollar

67 Results / Page 7 of 8

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Business / Economics

23 May 2024 Morning Biz News: Empowering Smallholder Farmers and Supporting Black-Owned Businesses: This Week’s Business Roundup

  In the dynamic landscape of global business, several significant developments have emerged this week, highlighting strides in empowerment and economic growth. From grassroots initiatives supporting smallholder farmers to multinational corporations investing in community upliftment, here's a roundup of the latest in business news: 1. Empowering Smallholder Farmers with Community-Based Projects Smallholder farmers, often the backbone of agricultural communities, have achieved a remarkable milestone through the World Food Programme's (WFP) […]

todayMay 23, 2024 13

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Business / Economics

22 May 2024 Morning Biz News: Regional Insights: Africa’s Economic Dynamics and Global Market Trends

  As the global economy continues to navigate through uncertain waters, recent developments across key African economies shed light on both challenges and opportunities within the region. From discussions on trade facilitation to monetary policy adjustments, here's a comprehensive overview of the latest business news shaping the landscape: 1. Unlocking Commerce Potential in East and Southern Africa Addressing the 39th Regional Steering Group (RSG) Meeting of the World Customs Organization […]

todayMay 22, 2024 8

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Business / Economics

10 May 2024 Morning Biz News: Renewable Energy Innovation, Currency Trends, and Economic Projections: A Comprehensive Overview of Today’s Financial Landscape”

Daures Green Hydrogen Village Collaborates with Delft Offshore Turbine for Innovative Clean Energy Solution In a significant stride towards sustainable energy production, the Daures Green Hydrogen Village and Delft Offshore Turbine (DOT) have inked a letter of intent. This partnership aims to integrate a DOT turbine into the infrastructure of the Daures Green Hydrogen Village, heralding a new era of renewable energy innovation. The DOT turbine distinguishes itself by not […]

todayMay 10, 2024 18

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Business / Economics

26 April 2024 Morning Biz News: Economic Insights: Tourism Boost, Corporate Deals, Regulatory Clarity, and Currency Trends

By Leonard Witbeen Tourism Sector Vitality: Namibia's tourism sector emerges as a cornerstone of economic vitality, with direct contributions amounting to 6.9% of the GDP, totaling N$14.3 billion. The recently released 2022 Namibia Tourist Satellite Account Report sheds light on the sector's robustness, revealing its employment of 57,277 individuals, constituting 7.9% of the country's total workforce. Corporate Merger Scrutiny: South Africa's government closely examines BHP Group's proposed acquisition of Anglo […]

todayApril 26, 2024 24

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Africa

Kenya’s shilling is gaining value, but don’t expect it to last – expert

      By Odongo Kodongo, University of the Witwatersrand   Shortly after Kenya’s 2022 elections, the shilling depreciated rapidly against the US dollar – the country’s main currency for international transactions – fuelling a wave of political discontent. More than a year later, the Central Bank of Kenya, taking its cue from the International Monetary Fund, said that the run on the shilling was a market correction for a […]

todayApril 17, 2024 11

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Business / Economics

16 April 2024 Morning Biz News: Sanlam Namibia Assets Soar to N$4.6 Billion in 2023 Amidst Positive Growth Projections

Sanlam Namibia, a leading insurance provider, has reported substantial growth in its assets, reaching N$4.6 billion in 2023, representing a N$500 million increase compared to the previous year's figures. This notable expansion underscores the company's resilience and strategic positioning in the market. Moreover, Sanlam Namibia anticipates further growth, with expectations to disburse nearly N$22 billion in policy liabilities in the near future, reflecting confidence in its operational capabilities and market […]

todayApril 16, 2024 38

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Business / Economics

Morning Biz News – April 10, 2024: Galp Energia’s N$2.4 Billion Namibian Investment, Rand Strength, and Market Stability Dominate Financial Landscape”

Galp Energia Invests N$2.4 Billion in Namibia, Prioritizing Local Suppliers Galp Energia, a prominent player in the energy sector, has announced a significant investment of approximately N$2.4 billion in Namibia's upstream projects in 2023. Notably, over 61% of this investment has been allocated to local suppliers, underlining the company's commitment to fostering local economic growth. Filipe Silva, CEO of Galp Energia, emphasized the company's strategic focus on growth, with a […]

todayApril 10, 2024 19

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Africa

Twin rate cuts set Mozambique apart as African currency rally

    By Seth Onyango, bird story agency   Mozambique’s central bank has decisively cut its benchmark lending rate to 15.75% from 16.5%, setting a precedent as the first African country to slash rates twice in 2024. The move highlights Maputo’s aggressive push for economic growth amid a wider trend of cooling inflation and currency stability against the US dollar across Africa. Rate cuts in the southeastern African nation, prompted […]

todayApril 8, 2024 35

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Africa

Cost of living relief on the cards as Kenya, Nigeria currencies gain ground

    By Conrad Onyango, bird story agency   Squeezed by painfully high prices for over a year, households in Kenya and Nigeria are beginning to get some relief as their national currencies strengthen against the US dollar and the cost of living starts to come down. In 2023, the shilling and naira were ranked among the worst-performing currencies in the world, according to data from Bloomberg and World Currency […]

todayApril 2, 2024 18

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