Republic of Congo Economic Update: Designing fiscal instruments for sustainable forestry and economic growth

A new World Bank report released today shows that the Congolese economy is gradually recovering, with GDP growth estimated at 1.9% in 2023. Growth is projected to reach 3.5% in 2024, supported by oil and non-oil activities that are expected to increase by 4.2% and 3.5%, respectively. The recovery remains fragile, owing primarily to the volatility of oil production. The Eleventh Economic Update for the Republic of Congo notes that […]

August 14, 2024 5

APO International

United Arab Emirates (UAE)-Kenya Joint Committee holds meeting to enhance economic cooperation

The fourth session of the Joint Committee between the United Arab Emirates and the Republic of Kenya was held in Abu Dhabi. The meeting was co-chaired by His Excellency Sheikh Shakhboot bin Nahyan Al Nahyan, Minister of State, and His Excellency Musalia Mudavadi, Prime Cabinet Secretary and Cabinet Secretary for Foreign and Diaspora Affairs of Kenya. The Joint Committee witnessed high-level participation by senior officials from the two countries. Both […]

August 14, 2024 6

Namibia

/Khomas Regional Governor’s Role Emphasized Amid Crisis Leadership Concerns

Shaun Gariseb underscores the regional governor's duty to deliver timely updates on security, peace, and stability. His comments follow the State of the Region Address by /Khomas Governor Laura McLeod-Katjirua, where the Katutura Residents Committee leader highlighted significant leadership oversights in addressing the region's crises.

August 14, 2024 21

Business / Economics

14 August 2024 Morning Biz News: Namibia Keeps Repo Rate Steady? , South Africa Sees Surge in Project Announcements, Dollar Weakens, and Oil Prices Climb

Bank of Namibia Expected to Maintain Repo Rate Analysts are predicting that the Bank of Namibia will keep the repo rate steady at 7.75% during its upcoming Monetary Policy Committee meeting on Wednesday. This decision would mark the third consecutive meeting where the rate remains unchanged, following similar outcomes in April and June. The move reflects ongoing stability in the financial sector as the bank continues to navigate economic […]

August 14, 2024 11

Namibia

INTERVIEW: Shaun Gariseb Criticizes /Khomas Regional Governor for Lack of Action on Key Issues

Shaun Gariseb of the Katutura Residents Committee has voiced strong criticism against /Khomas Regional Governor Laura McLeod-Katjirua, highlighting the pressing issues facing the residents of Windhoek and the broader /Khomas region. Speaking on the current situation, Gariseb pointed out the severe impact of municipal mismanagement, including escalating debt and inadequate access to essential services like water and electricity. Gariseb emphasized that despite the governor’s role in management council […]

August 14, 2024 11

World

UN Security Council amidst continuing tensions in the Middle East

The United Nations Security Council convened yet another urgent meeting on the situation in Gaza. Algeria requested the meeting after another Israeli airstrike last weekend on a school housing hundreds of Palestinians. With an update for us, here's Jody Jacobs reporting from the United Nations in New York.

August 14, 2024 13

Africa

Sierra Leone’s president pleads with the United Nations Security Council for reform

Sierra Leone's president Julius Maada Bio has pleaded with the United Nations Security Council for reform. Chairing a session on addressing the historical injustice, he advocated for Africa’s permanent membership to enhance the council's effectiveness. Bio highlighted the need for increased African representation for maintaining international peace and security:

August 14, 2024 15

Namibia

Local Digital Expert Talks Cyber Security As A Major Concerns As Elections Approach

As elections approach, cyber security is increasingly crucial worldwide, including Namibia, according to local digital expert Nrupesh Soni. Recent incidents in the United States highlight the urgent need for robust digital defenses during election periods.

August 14, 2024 37

South Africa

S.A Economist Urges Urgent Reforms as South Africa’s Unemployment Rises to 33.5%

South African economic expert, Raymond Parsons calls for immediate economic reforms in response to the unemployment rate rising to 33.5%. He stresses the need for structural changes to stimulate job-rich growth and improve business confidence, particularly to reduce youth unemployment and secure a sustainable economic future.

August 14, 2024 16

Month: August 2024