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    Omanyano ovanhu koikundaneki yomalungula kashili paveta, Commisiner Sakaria takunghilile Veronika Haulenga

Business / Economics

1295 Results / Page 125 of 144

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Business / Economics

Namfisa’s Gariseb joins IAIS risk-based solvency forum

The Namibia Financial Institutions Supervisory Authority General Manager for Insurance and Medical Aid Funds, Erich Gariseb, has been admitted to serve on the International Association of Insurance Supervisors’ Risk-Based Solvency Implementation Forum. NamFisa spokesperson, Victoria Muranda, explains the significance of this development.

todayJanuary 16, 2024 52

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Business / Economics

6am 16 January 2024 Economic Highlights and Financial Indicators: A Recap of Recent Developments

  Namibia's Economic Growth Projection for 2024: Namibia is poised to witness one of the slowest economic growth rates in Africa in 2024, ranking ninth according to the United Nations (UN) World Economic Situation Prospects Report. The report forecasts a deceleration in the country's gross domestic product (GDP) to 2.6%, down from the 3.2% projected for 2023. South African Rand Weakening Against the Dollar: On Monday, the South African rand […]

todayJanuary 16, 2024 8

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Business / Economics

Salomo Hei of High Economic Intelligence tackles Davos talks, and their impact on Namibia

The World Economic Forum's Annual Meeting takes place in Davos from today until 19 January 2024. Key sessions and reports at Davos will look at how climate change affects health, how to close the women's health gap, and how digital tools can transform healthcare. We asked the Managing Director of High Economic Intelligence, Salomo Hei whether talks in Davos would affect middle-income countries like Namibia.

todayJanuary 15, 2024 51

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Business / Economics

Bank Windhoek addresses employee theft

Bank Windhoek's Managing Director, Baronice Hans says that the amount of money stolen by an employee, Nico Rebebe is less than N$2 million. She assured that customer funds remain unaffected due to robust systems and controls in the bank. Police crime reports earlier revealed that Rebebe transferred N$200 million, splitting it between two different bank accounts opened on 20 December 2023.

todayJanuary 15, 2024 36

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Business / Economics

Wealth of top 5 billionaires doubles as global poverty rises

The fortunes of the world's five richest individuals have doubled to $869 billion since 2020, while five billion people face increased poverty. Oxfam reports that billionaires now control 70% of the world's biggest companies, prompting the anti-poverty agency to urge governments to break up monopolies, impose wealth taxes, and explore alternative ownership models like employee ownership. The findings coincide with the World Economic Forum meeting in Davos.

todayJanuary 15, 2024 17

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Business / Economics

Amidst Ongoing Global Crises, Gates Foundation announces largest annual budget ever: $8.6 Billion in 2024 to save and improve lives

  The Bill & Melinda Gates Foundation today announced its largest annual budget to date as it works toward the goal of a healthier, more prosperous world for all. With global health budgets in decline overall, a portion of the additional funding will go toward advancing global health innovations that will save and improve the lives of some of the world’s most vulnerable people, including newborn babies and pregnant mothers […]

todayJanuary 15, 2024 13

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Business / Economics

Wealth of five richest men doubles since 2020 as five billion people made poorer in “decade of division,” says Oxfam

The world’s five richest men have more than doubled their fortunes from $405 billion to $869 billion since 2020 —at a rate of $14 million per hour— while nearly five billion people have been made poorer, reveals a new Oxfam report on inequality and global corporate power. If current trends continue, the world will have its first trillionaire within a decade but poverty won’t be eradicated for another 229 years. […]

todayJanuary 15, 2024 8

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Business / Economics

Latest Developments in Business and Finance – The Morning Update

NamWater's Ambitious Desalination and Power Plant Project Advances: Namibia Water Corporation Ltd (NamWater) has successfully concluded the Environmental and Social Impact Assessment (ESIA) for its expansive desalination and power plant initiative along the central coast. With an estimated investment of N$4.2 billion, the project aims to address critical water and power needs. The final ESIA report has been prepared following a thorough public review process from September 22 to October […]

todayJanuary 15, 2024 5

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Business / Economics

IMF on G7 and the US debt ceiling

https://youtu.be/WOlz3Uh8HCo The IMF warned of negative consequences to the global economy if US leadership is unable to resolve its political impasse over negotiations to extend the debt ceiling, spokesperson Julie Kozack told reporters Thursday in Washington, DC. “We encourage all of the interested parties to come together, reach consensus to urgently resolve the matter. And of course, the reason that we're calling for this is because we are concerned about […]

todayJanuary 12, 2024 18

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