From the left are Indileni Nanghonga (senior research and product development officer of Agribank Namibia), Salomo Hei (managing director of High Economic Intelligence), Martha Murorua (managing director of Nedbank Namibia), Alpheus Benjamin ( CEO of Swakopmund Municipality), Elizabeth Manasse (Sequoia Tax and Legal Advisory), and Tjivingurura Mbuende (CIB executive at Nedbank Namibia). Photo Contributed
From the left are Indileni Nanghonga (senior research and product development officer of Agribank Namibia), Salomo Hei (managing director of High Economic Intelligence), Martha Murorua (managing director of Nedbank Namibia), Alpheus Benjamin ( CEO of Swakopmund Municipality), Elizabeth Manasse (Sequoia Tax and Legal Advisory), and Tjivingurura Mbuende (CIB executive at Nedbank Namibia). Photo Contributed

Murorua: ‘Align with government initiatives’

Staff Reporter - All players within the Namibia economy should align their efforts with government initiatives for reviving the economy.

This was the message of the managing director of Nedbank Namibia, Martha Murorua, at an economic discussion in Swakopmund on Wednesday which centred around finance minister Iipumbu Shiimi’s recent budget statement.

“As we are all players in the Namibian economic environment, it is integral for us to familiarise ourselves with what our government, through the ministry of finance, is financially prioritising, so that we also understand what role we can play in that one thing that is common for all of us: to see the people of our country prosper,” Murorua said.

She continued: “Our purpose at Nedbank Namibia of being money experts who do good, correlates really well to the theme of the national budget, and we fully support government’s commitment to reducing poverty and inequality.

“Our purpose also highlights that we intentionally do not only see ourselves as the money experts working in a financial institution, but our quest is only complete when we take our expertise and use them for the betterment of our society.”

Panel

Also speaking at the event, the managing director of High Economic Intelligence (HEI), Salomo Hei, gave a presentation on the global, regional and domestic economic outlook focusing on key indicators including, global GDP growth, inflation, revenues from the Southern African Customs Union (Sacu) and debt.

The panel discussion was moderated by Nedbank Namibia’s executive for corporate and investment banking, Tjivingurura Mbuende. The panel included the senior research and product development officer of Agribank Namibia, Indileni Nanghonga, a representative of Sequoia Tax and Legal Advisory, Elizabeth Manasse, as well as Hei.

The event, which coincided with the bank’s annual employee roadshow, was organised for the purpose of bringing together leading voices in the coastal business community to discuss the current economic state of the country. A number of business players from different industries where in attendance at the event, including the CEO of the Swakopmund Municipality, Alpheus Benjamin.

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Allgemeine Zeitung 2023-12-09

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Nam 2.22 UP 0.90% | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.49 SAME | B2Gold Corporation 60.48 DOWN 1.40% | Local Index closed 675.17 DOWN 0.01% | Overall Index closed 1634.89 UP 0.92% | Osino Resources Corp 16.3 DOWN 4.50% | Commodities: Gold US$ 2 004.44/OZ DOWN -1.17% | Copper US$ 3.79/lb UP +1.01% | Zinc US$ 2 407.50/T DOWN -0.08% | Brent Crude Oil US$ 76.07/BBP UP +1.83% | Platinum US$ 918.53/OZ UP +1.38% Sport results: Premier League: Aston Villa 1 vs 0 Arsenal | Sheffield United 1 vs 0 Brentford | Brighton 1 vs 1 Burnley | Manchester United 0 vs 3 Bournemouth | Wolverhampton Wanderers 1 vs 1 Forest | Crystal Palace 1 vs 2 Liverpool | Tottenham Hotspur 1 vs 2 West Ham | Everton 3 vs 0 Newcastle | Aston Villa 1 vs 0 Manchester City | Manchester United 2 vs 1 Chelsea | Sheffield United 0 vs 2 Liverpool | Fulham 5 vs 0 Forest | Crystal Palace 0 vs 2 Bournemouth | Brighton 2 vs 1 Brentford LaLiga: Villarreal 0 vs 3 Real Sociedad | Real Betis 1 vs 1 Real Madrid | Deportivo Alaves 0 vs 1 Las Palmas | Getafe 1 vs 0 Valencia SerieA: Atalanta 3 vs 2 AC Milan | Hellas Verona 1 vs 1 SS Lazio | Juventus 1 vs 0 Napoli European Championships Qualifying: Norwich City 0 vs 0 Preston North End | Queens Park Rangers 2 vs 0 Hull City | Stoke City 0 vs 1 Sheffield Wednesday | Rotherham United 1 vs 2 Swansea City | Cardiff City 1 vs 0 Millwall FC | Watford 1 vs 1 Southampton | Huddersfield Town 1 vs 1 Bristol City | Leicester City 4 vs 0 Plymouth Argyle | Middlesbrough 0 vs 2 Ipswich Town | Blackburn Rovers 0 vs 2 Leeds United | Sunderland 2 vs 1 West Bromwich Albion | Coventry City 2 vs 0 Birmingham City English Championship: Norwich City 0 vs 0 Preston North End | Queens Park Rangers 2 vs 0 Hull City | Stoke City 0 vs 1 Sheffield Wednesday | Rotherham United 1 vs 2 Swansea City | Cardiff City 1 vs 0 Millwall FC | Watford 1 vs 1 Southampton | Huddersfield Town 1 vs 1 Bristol City | Leicester City 4 vs 0 Plymouth Argyle | Middlesbrough 0 vs 2 Ipswich Town | Blackburn Rovers 0 vs 2 Leeds United | Sunderland 2 vs 1 West Bromwich Albion | Coventry City 2 vs 0 Birmingham City Weather: Katima Mulilo: 20° | 35° Rundu: 21° | 36° Eenhana: 22° | 33° Oshakati: 24° | 33° Ruacana: 21° | 34° Tsumeb: 24° | 34° Otjiwarongo: 19° | 31° Omaruru: 17° | 32° Windhoek: 17° | 29° Gobabis: 20° | 31° Henties Bay: 15° | 19° Wind speed: 22km/h, Wind direction: S, Low tide: 06:38, High tide: 13:04, Low Tide: 19:15, High tide: 01:40 Swakopmund: 16° | 17° Wind speed: 30km/h, Wind direction: SW, Low tide: 06:36, High tide: 13:02, Low Tide: 19:13, High tide: 01:38 Walvis Bay: 16° | 21° Wind speed: 37km/h, Wind direction: SW, Low tide: 06:36, High tide: 13:01, Low Tide: 19:13, High tide: 01:37 Rehoboth: 17° | 30° Mariental: 18° | 30° Keetmanshoop: 14° | 30° Aranos: 20° | 31° Lüderitz: 13° | 28° Ariamsvlei: 16° | 30° Oranjemund: 13° | 23° Luanda: 26° | 28° Gaborone: 15° | 28° Lubumbashi: 17° | 30° Mbabane: 16° | 21° Maseru: 13° | 23° Antananarivo: 17° | 28° Lilongwe: 22° | 33° Maputo: 22° | 30° Windhoek: 17° | 29° Cape Town: 16° | 24° Durban: 18° | 20° Johannesburg: 14° | 21° Dar es Salaam: 25° | 31° Lusaka: 22° | 34° Harare: 22° | 34° Economic Indicators: Currency: GBP to NAD 23.65 | EUR to NAD 20.3 | CNY to NAD 2.63 | USD to NAD 18.88 | DZD to NAD 0.14 | AOA to NAD 0.02 | BWP to NAD 1.34 | EGP to NAD 0.6 | KES to NAD 0.12 | NGN to NAD 0.02 | ZMW to NAD 0.77 | ZWL to NAD 0.04 | BRL to NAD 3.82 | RUB to NAD 0.2 | INR to NAD 0.23 | USD to DZD 134.41 | USD to AOA 828.78 | USD to BWP 13.56 | USD to EGP 30.85 | USD to KES 153.28 | USD to NGN 790 | USD to ZAR 18.97 | USD to ZMW 24.25 | USD to ZWL 321 | Stock Exchange: JSE All Share Index 73790.85 Down -1.33% | Namibian Stock Exchange (NSX) Overall Index 1538.46 Down -4.72% | Casablanca Stock Exchange (CSE) MASI 11885.32 Up +0.49% | Egyptian Exchange (EGX) 30 Index 24686.16 Down -0.07% | Botswana Stock Exchange (BSE) DCI 8891.76 Up +0.07% | NSX: MTC 7.51 SAME | Anirep 8.99 SAME | Capricorn Investment group 16.99 SAME | FirstRand Namibia Ltd 49 SAME | Letshego Holdings (Namibia) Ltd 3.89 DOWN 0.50% | Namibia Asset Management Ltd 0.7 SAME | Namibia Breweries Ltd 31.97 SAME | Nictus Holdings - Nam 2.22 UP 0.90% | Oryx Properties Ltd 12.48 SAME | Paratus Namibia Holdings 12 SAME | SBN Holdings 8.45 SAME | Trustco Group Holdings Ltd 0.49 SAME | B2Gold Corporation 60.48 DOWN 1.40% | Local Index closed 675.17 DOWN 0.01% | Overall Index closed 1634.89 UP 0.92% | Osino Resources Corp 16.3 DOWN 4.50% | Commodities: Gold US$ 2 004.44/OZ DOWN -1.17% | Copper US$ 3.79/lb UP +1.01% | Zinc US$ 2 407.50/T DOWN -0.08% | Brent Crude Oil US$ 76.07/BBP UP +1.83% | Platinum US$ 918.53/OZ UP +1.38%