insert_link Business / Economics 14 June 2024 Morning Biz News: Global Financial Developments: From Loans to Levies, Markets React Amidst Economic Shifts 1. Paratus Namibia Holdings Successfully Raises N$175 Million through Floating-Rate Notes Paratus Namibia Holdings Limited, in collaboration with Cirrus Capital, has achieved a significant milestone in the financial markets with the successful auction of N$175 million in floating-rate notes. Despite facing a total demand of N$557 million, the issuance was fully allocated, underscoring strong investor confidence and appetite for high-quality debt instruments in Namibia's financial landscape. This development marks a […] todayJune 14, 2024 23
insert_link Business / Economics 10 June 2024 Morning Biz News: Business News Highlights: Namibia’s Ocean as Economic Pillar, Volkswagen’s Power Supply Challenges, Oil Price Decline, and Euro’s Reaction to Macron’s Election Call Namibia’s Ocean: A Vital Economic Resource President Nangolo Mbumba has underscored the significance of Namibia's ocean, describing it as a crucial economic resource for the country. Annually, the ocean generates N$10 billion and contributes 5% to Namibia's GDP. According to The Brief, Mbumba emphasized that this vital asset supports thousands of jobs and ensures food security but is under significant threat from climate change and human activities. The president called […] todayJune 10, 2024 14
insert_link 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 […] todayMay 27, 2024 13
insert_link 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 10
insert_link Business / Economics 08 May 2024: Morning Biz News: Global Economic Update: NamPower Secures Funding, Amazon Enters South Africa, Nigeria Imposes Money Transfer Levy, Dollar Strengthens 1. NamPower Secures N$2.6 Billion from World Bank for Energy Project: Namibia's power utility, NamPower, has clinched a significant funding boost from the World Bank. The N$2.6 billion secured for its Transmission Expansion and Energy Storage Project marks a pivotal moment, representing the first energy project support from the World Bank to Namibia. The investment will be channeled towards bolstering the country's transmission network, signaling a commitment to enhancing […] todayMay 8, 2024 19
insert_link Business / Economics Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue Japan’s government is reaffirming it’s prepared to act on the yen if it continues to devalue. The currency slipped past 155 to the US dollar for the first time in 34 years on Wednesday. Chris Gilbert has more from Tokyo. todayApril 25, 2024 12
insert_link Business / Economics 23 April 2024, Moring Biz News: Biz News Update: Key Developments in Agriculture, Currency Markets, and Commodities Namibian Cereal Production Faces Significant Decline: The Ministry of Agriculture, Water, and Land Reform in Namibia has projected a substantial decrease in cereal production, primarily due to unpredictable rainfall patterns and prolonged dry spells. The commercial farming sector is particularly affected, with an estimated harvest of only 35,200 metric tons. This marks a drastic 68% decrease compared to last season's production levels, highlighting the challenges faced by the agricultural […] todayApril 23, 2024 15
insert_link Business / Economics 26 March 2024 Morning Biz News: Financial Updates: Insights into Market Developments 1. Capricorn Group to Increase Stake in Paratus Telecom Capricorn Group, a prominent entity listed on the Namibian Stock Exchange, has announced its intention to elevate its ownership share in Paratus Telecom. Currently holding a 31% stake in the telecommunications company, Capricorn Group aims to bolster its position to 36% by the conclusion of the year. This move underscores Capricorn's confidence in Paratus Telecom's robust growth potential within the […] todayMarch 26, 2024 18
insert_link Business / Economics 01 March 2024 Morning Biz News: Financial Highlights: Namibia Secures Grant, Truworths Faces Challenges, Global Market Trends Published on March 1, 2024 In the dynamic landscape of global finance, recent developments across various sectors have captured the attention of investors and experts alike. Here's a roundup of the latest financial indicators and noteworthy events shaping the economic landscape. 1. Namibia Hydrogen Fund Managers Secures Historic Grant Namibia Hydrogen Fund Managers (Pty) Limited has achieved a significant milestone by securing a substantial grant of nearly N$19.2 million from […] todayMarch 1, 2024 4
