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Business / Economics

5 June 2024 Morning Biz News: Global Economic Landscape: Namibia’s Walvis Bay Leads Trade, Rand Dips Amid Political Shifts, Nigerian Banks Adapt, and Markets Tread Cautiously

Namibia's Walvis Bay Harbour Emerges as Leading Trade Gateway In April, Walvis Bay Harbour solidified its position as Namibia's premier trade gateway, boasting the highest trade volumes for both exports and imports among the country's ports. According to data from The Brief, the Namibia Statistics Agency reported that Walvis Bay Harbour managed a staggering N$3.8 billion in exports and N$5.2 billion in imports during the month. This significant achievement underscores […]

today5 June, 2024

Business / Economics

28 May 2024 Morning Biz News: Namibia Boosts Business Tourism, Pick n Pay Overhauls Strategy, and Financial Markets Stay Vigilant: A Roundup of Recent Developments

Namibia Aims to Boost Business Tourism, Pick n Pay Revamps Strategy, and Financial Market Update In the dynamic landscape of business and finance, keeping abreast of the latest developments is crucial for investors and entrepreneurs alike. Here’s a roundup of the latest buzz from the business world: 1. Namibia’s Push for Business Tourism The Namibia Investment Promotion and Development Board (NIPDB) is spearheading efforts to position Namibia as a top-tier […]

today28 May, 2024

Business / Economics

27 May 2024 Morning Biz News: Emerging Trends in the Global Oil and Gas Sector: Insights from Africa and Beyond

  In the ever-evolving landscape of the global oil and gas sector, recent developments across various continents shed light on emerging trends and opportunities. From regulatory overhauls to strategic acquisitions, the industry continues to navigate a complex terrain influenced by geopolitical dynamics, technological advancements, and shifting market demands. Namibia's Oil and Gas Sector Reform: Namibia, a country with significant untapped potential in its oil and gas reserves, is taking bold […]

today27 May, 2024

Business / Economics

24 May 2024 Morning Biz News: Old Mutual Foundation Boosts Grassroots Entrepreneurs with N$800,000 Investment; Rand Weakens, Dollar Surges: Weekly Business Digest”

  In the dynamic world of finance and business, every week brings forth a tapestry of developments that shape markets, economies, and opportunities. This week, notable movements in currencies, commodities, and initiatives mark the landscape of economic discourse. Here's a snapshot of the latest financial indicators and significant events impacting the business realm. 1. Old Mutual Foundation's Investment in Grassroots Entrepreneurs The Old Mutual Foundation reaffirms its commitment to fostering […]

today24 May, 2024

Business / Economics

16-23 May 2024 Weekly Economic Wrap: Insights and Highlights

Bringing you the latest updates and significant developments shaping economies and markets worldwide. Local Insights: The Directorate of Veterinary Services, under Namibia's Ministry of Agriculture, Water, and Land Reform, has lifted its ban on poultry meat imports from South Africa. Only meat sourced from bio-secure farms listed by the Veterinary Authority of South Africa will be permitted into Namibia, ensuring stringent quality control measures. Paratus Namibia Holdings Ltd and Bonben […]

today23 May, 2024

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) […]

today23 May, 2024

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 […]

today22 May, 2024

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 […]

today10 May, 2024

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 […]

today26 April, 2024