insert_link Africa Nigeria offers oil blocks to global investors Nigeria is seeking investors for 17 of its oil blocks. The government offered 12 oil blocks and 5 deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, Texas. todayMay 9, 2024
insert_link Business / Economics Capricorn Foundation invests N$1 million in youth employment initiative In response to the high youth unemployment rate, the Capricorn Foundation has pledged to invest N$1 million in Bank Windhoek's Young Talent Programme. The funds are earmarked for The Capricorn Academy for School Leavers, a new initiative under Bank Windhoek's overarching Young Talent Programme. Here’s Marlize Horn, the bank’s Group Executive for Brand & Corporate Affairs. todayMay 9, 2024 6
insert_link 2 Africa Zimbabwe urges swift adoption of new but ‘scarce’ currency Zimbabwe's Finance Minister Mthuli Ncube has ordered all government agencies to accept payments in the newly introduced gold-backed currency amid reports of acute shortage. Ncube in a statement said the Zimbabwe Gold, introduced last month, was now the official unit of exchange for transactions in the country. He the BBC that the government would soon introduce regulations to ensure businesses stick to the official rate. todayMay 9, 2024 1 2
insert_link Business / Economics What if companies rewarded employees for their failures? Des entreprises ont mis en place des trophées pour les meilleures idées qui ont échoué. Shutterstock Souad Brinette, EDC Paris Business School; Abdoulkarim Idi Cheffou, ISG International Business School, and Vesselina Tossan, Conservatoire national des arts et métiers (CNAM) A growing number of companies are encouraging their employees to pursue their entrepreneurial dreams in-house – a trend known as intrapreneurship. Some managers do this by providing workers with the financial, […] todayMay 8, 2024 9
insert_link Business / Economics Aspirations and reality of Namibia’s Green Hydrogen dream – Dr. Hage Geingob By Josef Kefas Sheehama His Excellency Dr. Geingob's vision has been realized as Namibia has made major strides to establish itself as a major player in the world of green hydrogen production. The transformation of Namibia's economy and the realization of green hydrogen in the country were spearheaded by Dr. Geingob. Drawing on the proverb that states “Rome was not built in a day”. This serves […] todayMay 8, 2024 7
insert_link Business / Economics 1-8 May 2024 Weekly Economic Wrap: Global Economic Highlights: Acquisitions, Regulations, and Market Movements Shape the Week’s Headlines” In a dynamic week of economic developments across various sectors and regions, the global economic landscape witnessed significant shifts and strategic maneuvers. From corporate acquisitions to regulatory measures and international market movements, here's a concise roundup of the key events shaping the economic discourse this week: Local Insights: Windhoek's Retail Scene Choppies vs. Metro: Among Windhoek's esteemed grocery supermarkets, Choppies emerges as a consistent provider of cost-effective standard groceries, […] todayMay 8, 2024 8
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 11
insert_link Business / Economics Private sector credit growth slows Private sector credit extension experienced a sluggish of 1.3% year-on-year in March, reflecting a slowdown from February’s 1.7% year-on-year and a sharp decline from the 3.9% observed in March 2023. This represents the slowest pace of PSCE growth in the last decade. For the first quarter of 2024, the average annual credit growth further softened to 1.8% year-on-year, compared to 3.2% year-on-year in the same quarter of the previous year. […] todayMay 7, 2024 4
insert_link Africa US-Africa trade deal turns 25 next year: Agoa’s winners, losers and what should come next By Bedassa Tadesse, University of Minnesota Duluth The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with duty-free access to the US market for over 6,500 products. By eliminating import tariffs and quotas, Agoa aims to […] todayMay 7, 2024 18
Paying it forward: Kenyan coastal doctor Bashrahil Mohammed Mafudh has made it his life’s work to care for the most vulnerable in his community, at no cost.
