The IMF approved the purchase of US$270.83 million to Namibia under the Rapid Financing Instrument (RFI) to address urgent balance of payment and fiscal financing needs stemming from the COVID-19 pandemic. Namibia is being severely affected by the COVID-19 pandemic, with the economy having sharply contracted by 7.2 percent in […]
Updates
Bears Sustain Hold on NSE Following Sell-Offs in MTNN, ZENITHBANK
March 31, 2021/Cordros Report EQUITIES The domestic equities market remained bearish, following sell-offs of MTNN (-2.9%) and ZENITHBANK (-0.2%) stocks. Thus, the All-Share Index declined by 0.6% to 39,045.13 points. Accordingly, Month-to-Date and Year-to-Date losses increased to -1.9% and -3.0%, respectively. The total volume of trades increased by 3.3% to […]
API, AEC Sign MoU to Expand Natural Gas and Oil Industry Standards and Initiatives
The number of petroleum producing countries in Africa has increased substantially, coinciding with a movement across the continent to enact robust, equitable and imminently more transparent policies March 31, 2021/AEC The American Petroleum Institute (API) and the African Energy Chamber (AEC) (EnergyChamber.org) have signed a Memorandum of Understanding (MOU) to […]
