Business / Economics Archives - Page 102 of 184

Eenhana Expo kicks off

The 14th edition of the Eenhana Trade and Business Expo started on Monday and is being held under the theme ‘Reviving local economy through business resilience, innovation, and diversification.’ In an interview with Nampa on Monday, town council spokesperson, Ottilie Shingenge said they have a total of 192 exhibitors, two of which are international exhibitors from Zambia and Zimbabwe. According to Shingenge, this year’s expo is bigger […]

29 July, 2024

Africa

Ethiopia eases forex curbs as it awaits crucial bailout

By Aymeric Vincenot Ethiopia said Monday it is easing foreign exchange curbs as part of a broader economic reform package, as the deeply-indebted nation awaits a multi-billion dollar bailout from international lenders. The value of the local currency, the birr, slid by around 30 percent against the dollar after the announcement of the measures by the central bank. "The reform introduces a competitive market-based determination […]

29 July, 2024

Africa

Nigeria’s planned protests: What we know

By Laurie Churchman with Aminu Abubakar in Kano Politicians and the army have warned people against taking to the streets, but organisers say government failings have left them little choice. Both sides have made comparisons with recent protests in Kenya that forced the government to withdraw new taxes, but it is not clear what shape the rallies could take in Nigeria. With demonstrations set to start on […]

29 July, 2024

Business / Economics

Quad foreign ministers meet in Tokyo amid regional security worries

Foreign ministers from Australia, India, Japan and the US kicked off a meeting in Tokyo on Monday to discuss deepening their collaboration on economic, security and humanitarian issues in the Indo-Pacific. It is their first gathering since September 2023, as Laura Westbrook reports from Hong Kong.

29 July, 2024

Business / Economics

Local Economics Researcher Josef Sheehama predicts the U.S Federal Reserve will cut interest rates by 0.25 basis points

Local Business and Economics Researcher , Josef Sheehama predicts the U.S Federal Reserve will cut interest rates by 0.25 basis points in September, citing cooling inflation and a softening job market. Despite objections from presidential candidate Donald Trump, Sheehama remains confident that the rate cut will proceed, driven by positive economic indicators and the Fed's commitment to achieving a 2% inflation target.

29 July, 2024

Business / Economics

INTERVIEW: Business and Economics Researcher Josef Sheehama on Interest Rate Cuts

In the midst of heated debates and mixed emotions surrounding the potential for a Federal Reserve interest rate cut, Business and Economics Researcher Josef Sheehama provides insightful analysis on the matter. Sheehama notes that current economic indicators suggest a favorable environment for a rate cut. "If we look at the current inflation trends, we see that inflation is starting to cool off, with some prices beginning to decline. […]

29 July, 2024

Business / Economics

29 July 2024 Morniing Biz News: UCOM and BDQ Partner to Revitalize Namibia’s Telecom Sector; Rand Gains Against Dollar Amidst U.S. Inflation Data

UCOM and BDQ Mobile Network Solutions Partner to Boost Namibia's Telecom Sector In a strategic move set to transform Namibia’s telecommunications landscape, UCOM has entered into a significant 10-year partnership with BDQ Mobile Network Solutions. According to The Brief, this collaboration aims to rejuvenate Namibia's third mobile phone operator through the deployment of cutting-edge telecommunications equipment and advanced technological solutions provided by BDQ and American-based VANU Technology. This initiative promises […]

29 July, 2024

Business / Economics

Keetmanshoop Expo Raises N$238,000 in Pledges for 2024 Event

The fundraising gala dinner for the Keetmanshoop Agricultural, Industrial, and Tourism Expo raised nearly N$238,000 in pledges. The 68th event, scheduled for 29 October to 01 November, will focus on "Tourism and Green Investment for Inclusive Economic Development." Patron Benedictus Diergaardt emphasized the expo's role in fostering partnerships and promoting sustainable tourism and green investments to drive economic growth and job creation in Namibia.

29 July, 2024

Business / Economics

26 July 2024 Morning Biz News: Key Developments Impacting the Market

Cabinet Approves Baynes Hydropower Project The Namibian Cabinet has given the green light for the implementation of the bi-national Baynes Hydropower Project. This approval also includes the expedited construction of a road to the project site, set to commence in September. The decision follows a June meeting between Angola’s Minister of Energy and Water, Joắo Baptista Borges, and Namibia’s Minister of Mines and Energy, Tom Alweendo. During the meeting, […]

26 July, 2024