LONDON – US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve’s first interest-rate cut since 2020. In New York, the Dow was up but the wider S&P 500 and the tech-heavy Nasdaq were lower shortly after opening. In Europe, London was marginally higher but all the main continental...
LONDON – US and European stock markets wavered on Monday as investors cautiously awaited the US Federal Reserve’s first interest-rate cut since 2020. In New York, the Dow was up but the wider S&P 500 and the tech-heavy Nasdaq were lower shortly after opening. In Europe, London was marginally higher but all the main continental...
The Two-Pot Retirement System, which will divide members’ benefits into two separate pots: a savings pot and a retirement pot, started in South Africa on 1 September 2024. The implementation of the two-pot pension system in South Africa will surely spark significant interest across the continent, and our beautiful Land of the Brave is not...
As foreign investment levels continue to flow into Namibia, concerns are mounting about the lack of local engagement and knowledge among Namibian entrepreneurs. Despite a wealth of opportunities available, many locals remain unaware of the heightened potential that resides within their own economy. CEO of the Namibia Investment Promotion and Development Board (NIPDB) Nangula Uaandja...
LÜDERITZ’s – Lüderitz economy is expected to grow massively due to new developments en route, but this comes with a pressing concern of lack of affordable housing and adequate office space for businesses, particularly in the oil and gas sector. The mayor of Lüderitz, Phillippus Balhao, has thus called for urgent action to address these...
Iuze Mukube African entrepreneurs showcasing their enterprises at the African Union’s Micro, Small & Medium Sized Enterprises (MSME) Forum in Windhoek last week expressed appreciation for Namibia’s convenient and at all-time accessible ports. Nigerian businesswoman Ameera Abraham, who owns Amali Cosmetics, expressed amazement at learning that Namibia’s ports are always open for business. “So, one...
Collaboration between the governments of Namibia and Botswana continues to bear fruit for citizens and businesses of both countries through last week’s announcement of a substantial reduction of mobile roaming charges. The move by the two countries, which was embarked on about a year ago, signifies a major step towards realising enhanced regional connectivity and...
Iuze Mukube The 3rd Annual Micro, Small & Medium-sized Enterprises (MSME) Forum of the African Union (AU) is currently ongoing in Windhoek, and various delegates, exhibitors, and small enterprise entrepreneurs have swarmed to the occasion. As the forum aims at fostering financial empowerment and educational innovation for African start-ups and SMEs, local entrepreneur, Taimi Shivute,...
The homegrown financial services entity, Capricorn Group Limited, yesterday reported an impressive profit of N$1.74 billion after tax with year-on-year growth of 9.9% in its latest financial results for the year ended 30 June 2024. The Group, with diversified operations and business interests in Namibia and Botswana, is listed on the Namibian Stock Exchange. Through...
Working at the Development Bank of Namibia (DBN) for more than 13 years has allowed me to see my share of business owners, entrepreneurs, idealists and dreamers pass through our doors. What they all have in common is drive, determination and an individualistic streak – an essential trait for anyone who wants to start or...