insert_link Business / Economics Thought Leadership: Plan your bonus to last the long run By Samuel Linyondi, Bank Windhoek’s Strategic Communication Manager In October, the Bank of Namibia (BoN) left the repo unchanged at 7.75%, the highest in the past 14 years. If a repo rate increases, borrowing becomes more expensive, and product and service prices increase for consumers. The repo rate is one of the monetary tools to either control inflation or stimulate demand. Conversely, inflation is the rate of price increase over […] todayNovember 23, 2023 16
insert_link Business / Economics India and Namibia celebrate international millet year to foster collaboration The Indian High Commission in Namibia and the Ministry of International Relations and Cooperation on Tuesday jointly commemorated the International Year of Millets aimed at fostering cooperation in millet production for food security. The celebration follows the declaration by the 75th United Nations General Assembly in March 2021, that 2023 be the International Year of Millets to raise awareness of and direct policy attention to the nutritional and health benefits […] todayNovember 23, 2023 17
insert_link Business / Economics India and Namibia celebrate international millet year to foster collaboration The Indian High Commission in Namibia and the Ministry of International Relations and Cooperation on Tuesday jointly commemorated the International Year of Millets aimed at fostering cooperation in millet production for food security. The celebration follows the declaration by the 75th United Nations General Assembly in March 2021, that 2023 be the International Year of Millets to raise awareness of and direct policy attention to the nutritional and health benefits […] todayNovember 23, 2023 6
insert_link Business / Economics Sam Altman back at OpenAI with new board & support from Microsoft The fired CEO of OpenAI - maker of ChatGPT - is returning to his role, after he was reinstated by the board. Divisions over how much risk to take with the future of Artificial Intelligence were exposed during the almost week-long saga. Caroline Malone reports. todayNovember 23, 2023 9
insert_link Africa Local expert weighs in on Diamonds, poverty and next year’s elections The Government of the Republic of Botswana and De Beers Group announced they have reached an agreement in principle on a new 10-year Sales Agreement for Debswana’s rough diamond production. The transformational new agreement reflects the aspirations of the people of Botswana. Here is the Namibian Economic and Social Justice Trust's Herbert Jauch with his input. todayNovember 23, 2023 23
insert_link Africa Expert says the future of African energy lies in low-carbon technologies Energy experts believe the future of African energy lies in low-carbon technologies. PwC South Africa’s Martin Solomon says opportunities for renewables on the continent are there, but has to be utilised in a balanced system. He told SABC News that stable electricity infrastructure may make it easier for the continent to adopt clean energy. todayNovember 22, 2023 13
insert_link Business / Economics South Africa’s consumer inflation increases to 5.9-percent in October South Africa’s annual consumer inflation increased for a third consecutive month in October, bordering on the upper limit of the South African Reserve Bank’s inflation target range. The headline rate was 5.9 percent, up from 5.4 percent in September. The consensus among economists before the inflation number was that the Reserve Bank will keep rates on hold when it announces its decision tomorrow. todayNovember 22, 2023 6
insert_link Business / Economics Turipamwe to publish first-ever design thinking White Paper Local design agency, Turipamwe, is publishing the first-ever design thinking White Paper. The paper explores current applications and future prospects and highlights benefits like enhanced creativity, improved customer satisfaction, and increased return on investment for businesses. Here is the Founder and CEO of Turipamwe Tanya Stroh. todayNovember 22, 2023 25
insert_link Business / Economics South Africa’s two-pot retirement system faces early implementation amid industry concerns South Africa’s Parliamentary Standing Committee on Finance has recommended that the so-called two-pot retirement system should be implemented on 1 March 2024, instead of March 2025. According to MoneyWeb, SA’s retirement industry has been caught off guard by the decision with financial service providers expressing concern about system readiness, and arguing that both the South African Revenue Service and the retirement industry need until 2025 to adapt to proposed changes […] todayNovember 22, 2023 6
