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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 107 of 184

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Africa

‘Kinship tax’ puts the brakes on business – Kenyan study measures the impact of helping family

        By Munir Squires, University of British Columbia     Imagine working hard to build your business, only to find that your success brings about a wave of requests for help that you can’t turn down. This is a reality for many in African communities, where sharing income is a deeply rooted tradition. In fact, 93% of Kenyans I surveyed in a study of entrepreneurs believed that […]

today12 July, 2024

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Business / Economics

12 July 2024 Morning Biz News: Financial News Digest: City of Windhoek’s Strong Performance, Rand’s Rise, Central Bank Actions, and Global Market Indicators

  1. City of Windhoek Reports Strong Financial Performance The City of Windhoek has announced robust financial results for the 2022/2023 fiscal year, with a reported turnover of approximately N$5 billion. This revenue surge is attributed to key municipal services including water, electricity, rates and taxes, sewer discharge, and waste removal. Matyayi, emphasizing the critical role of these services, highlighted their contribution to fulfilling the council’s mandate. 2. South African […]

today12 July, 2024

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Business / Economics

New CPI Figures in US Show Prices Fell in June

New figures show US inflation cooled in June, while the Consumer Price Index rose 3 percent on an annual basis. Some financial experts are suggesting the new numbers could prompt the Federal Reserve to finally cut interest rates in the coming months. With the report, here's Mitch McCann:  

today12 July, 2024

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Business / Economics

Global e-commerce skyrockets to $27 trillion

Did you know that the energy required for Bitcoin data mining reached 121 terra watts last year? That’s more than the amount consumed by most small countries. Daniel Johnson from UN news has more. Meanwhile, new data from 43 countries, representing about three-quarters of global GDP, show business e-commerce sales grew nearly 60% from 2016 to 2022, to reach $27 trillion.

today11 July, 2024

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Africa

80% of Zimbabwe transactions in USD

Zimbabwe must take the necessary steps to end its reliance on the dollar and increase the use of its own currency, Information Secretary Nick Mangwana said. “The benefits of de-dollarisation far outweigh the costs, making it an urgent imperative for Zimbabwe to break free from the US dollar grip,” Mangwana said in an opinion piece published in the Herald newspaper. Bloomberg reports that more than 80% of Zimbabwe’s transactions are denominated […]

today11 July, 2024

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Business / Economics

4-11 July 2024 Weekly Economics Wrap: Insights from Namibia, South Africa, Africa, and Beyond

  Namibia's Commercial Agricultural Land Prices Surge Recent data from the Namibia Statistics Agency reveals a notable surge in the prices of commercial agricultural land across the country. Over the past eight years, prices have risen by 21.1%, culminating in a national index of 121.1 basis points in 2023. This upward trend underscores sustained growth in the agricultural sector, reflecting robust investor confidence and potential implications for the broader economy. […]

today11 July, 2024

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Business / Economics

11 July 2024 Morning Biz News: Namibia’s Green Scheme Spurs Maize Production Surge Amid Global Economic Trends

Namibia's Green Scheme Boosts Maize Production Amidst Food Security Concerns Namibia's agricultural sector is poised for a significant boost in maize production this season, thanks to the country's Green Scheme projects. Recent reports from the Integrated Food Security Phase Classification by the Food and Agricultural Organisation indicate that maize production is set to increase by 24% to 13,100 metric tonnes, up from 10,600MT in the previous season. This rise underscores […]

today11 July, 2024

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Business / Economics

Agribank rolls out drought relief plan

Namibia's agricultural lender, Agribank, has launched its drought relief subsidy, as announced by Hon. Iipumbu Shiimi, Minister of Finance and Public Enterprises, in his February 2024 budget speech. Effective today, 10 July 2024, the relief will come in the form of installment relief and a penalty interest waiver for clients. According to the bank's spokesperson, Fillemon Nangonya the first intervention focuses on Agribank clients with farmland and livestock loan accounts, […]

today10 July, 2024