IMF working with several African countries

IMF working with several African countries

https://youtu.be/c7ZwwF1-f84 The IMF is working with authorities in several African countries to provide help stabilizing their economies and financial situations spokesperson Julie Kozack told reporters Thursday (March 23) in Washington, DC. Ghana is seeking funding from the Fund with The West African country, struggling with its worst economic crisis in a generation. Ghana secured a staff-level agreement with the IMF in December for a $3 billion loan, but approval is contingent […]

January 12, 2024 34

Business / Economics

IMF forecasts a ‘soft landing’

https://youtu.be/jlI1BZ81K-w The IMF sees the global economy headed for a ‘soft landing’ scenario but warns that leaders should be preparing for future shocks and challenges, spokesperson Julie Kozack told reporters Thursday in Washington, DC. (Jan. 11) “So we've had a relatively resilient global economy so far. We expect that resilience to continue into 2024. At the same time, inflation is coming down. Labor markets continue to be, uh, resilient. Of […]

January 12, 2024 17

Business / Economics

South Africa, Joburg building fire survivors demand better housing after their settlement floods

By Kimberly Mutandiro via GroundUp Albert Street building fire survivors and activists, who are part of the Marshalltown Fire Justice Campaign, meet at the Denver settlement on the outskirts of the city centre on Wednesday to discuss their poor living conditions. Photo: Kimberly Mutandiro Survivors of the Albert Street building fire in Johannesburg and activists gathered on Wednesday for an emergency meeting. The building was engulfed in a fire in August […]

January 12, 2024 19

Business / Economics

UK economy rebounds in November: official data

Britain's recession-threatened economy rebounded in November from the previous month, official data showed on Friday. Gross domestic product expanded 0.3 percent in November after contracting by 0.3 percent in October, the Office for National Statistics said in a statement. "GDP bounced back..., led by services with retail, car leasing and computer games companies all having a buoyant month," noted ONS chief economist Grant Fitzner. "The longer-term picture remains one […]

January 12, 2024 3

Africa

Coca-Cola in Africa: a long history full of unexpected twists and turns

By Sara Byala, University of Pennsylvania A new book called Bottled: How Coca-Cola Became African tells the story of how the world’s most famous carbonated drink conquered the continent. It’s a tale of marketing gumption and high politics and is the product of years of research by critical writing lecturer Sara Byala, who researches histories of heritage, sustainability and the ways in which capitalist systems intersect with social and […]

January 12, 2024 14

Business / Economics

AI and satellite data map true scale of untracked fishing and ocean industry

By Elizabeth Fitt via Mongabay We’ve been largely flying blind when it comes to fishing, shipping and energy production intel on our oceans, according to a new study that combines artificial intelligence with satellite technology. Researchers found that more than three-quarters of industrial fishing activity and almost one-third of transport and energy activity is missing from public tracking systems, and therefore largely invisible globally. The study, from Global Fishing Watch (GFW), a […]

January 12, 2024 13

Business / Economics

Biz Buzz: Namibia Triumphs as Best Startup Ecosystem in Africa and More Financial Highlights

1. Namibia Secures Best Startup Ecosystem Title Namibia has clinched the esteemed title of the Best Startup Ecosystem in Africa, a testament to the country's unwavering dedication to fostering entrepreneurship resilience and maintaining a supportive business environment. The Namibia Investment Promotion and Development Board proudly accepted this accolade, recognizing the nation's efforts in promoting innovation, fostering cross-continental collaboration, and encouraging entrepreneurial endeavors. 2. Invest in African Energy Forum Returns to […]

January 12, 2024 8

Business / Economics

Namibia wins ‘Best Start-up Ecosystem in Africa’ award

Namibia has been awarded the Best Start-up Ecosystem in Africa. The award, received by the Namibia Investment Promotion and Development Board, recognises the country’s dedication to fostering innovation, cross-continental collaboration, and entrepreneurship. Here is Danny Meyer, the Director of SME Compete reacting to the news.

January 11, 2024 51

Business / Economics

Namibia records decrease in December inflation

The Namibia Statistics Agency has just released the December inflation figure, which stood at 5.3%, marking a decrease from 5.7% in November and 6.9% reported in December 2022. Here is the NSA's Public Relations Officer Mirjam Shihepo.

January 11, 2024 55