insert_link 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 29
insert_link 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 17
insert_link 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 22
insert_link 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 10
insert_link Business / Economics 02 April 2024 Morning Biz News: Namibia Chamber of Commerce and Industry Partners with Antila Consultancy to Host Inaugural Local Content Conference The Namibia Chamber of Commerce and Industry (NCCI), in collaboration with Antila Consultancy, is proud to announce the inaugural Namibian Local Content Conference (NLCC), scheduled to take place from April 16th to April 18th. This groundbreaking conference aims to bolster local participation in Namibia's burgeoning oil and gas sector. With Namibia's oil and gas industry rapidly expanding, the NLCC serves as a vital platform for fostering dialogue and collaboration among […] todayApril 2, 2024 9
insert_link World Wholesale inflation in the U.S ticks up in January The United States Producer Price index rose zero point three percent following a decrease the month before. The latest numbers are higher than expected with some economists saying this is the latest sign that some inflation pressures in the economy remain elevated. Jody Jacobs reports from New York. todayFebruary 19, 2024 9
insert_link Business / Economics 2 FEBRUARY BIZ NEWS: Exciting Developments in Mining, Media, and Finance: A Roundup of Recent Market News B2Gold Corp Unveils Promising Exploration Results in Namibia In a recent announcement, B2Gold Corp has shared encouraging exploration results from the Antelope deposit within Namibia's Otjikoto Mine. The positive outcomes, particularly from the Springbok and Oryx Zones, hint at the potential establishment of a new underground mine. Clive Johnson, B2Gold's Chief Executive Officer, expressed optimism, highlighting a significant opportunity for expanding gold production in the region. This development underscores the […] todayFebruary 2, 2024 2
insert_link Africa ‘It hurts’: DR Congo currency drops amid war spending, arrears payments By Emmet Livingstone A falling local currency, salary arrears payments and war spending have pushed up prices in impoverished Democratic Republic of Congo, leaving locals struggling to afford basics. Since the new year, the Congolese franc has depreciated about 15 percent against the US dollar, according to official figures and money changers, hitting the poorest hardest. Several people interviewed by AFP said that in some cases prices had risen much […] todayApril 3, 2023 4
