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    Josia Shigwedha

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    Josia Shigwedha

Business / Economics

1656 Results / Page 163 of 184

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Business / Economics

‘Enough is enough’: With $300 billion in debt, court says it’s time to liquidate China’s Evergrande

Evergrande's Hong Kong-traded shares plunged more than 20% early on Monday before they were suspended from trading after a Hong Kong court ordered the world’s most heavily indebted real estate developer to undergo liquidation. The firm is the second biggest company in China's enormous property market, with $300 billion (€277 billion) owed to banks and bondholders. A court order for a liquidation process means that the company's assets will be […]

today21 February, 2024

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Business / Economics

21st February 2024 Morning Biz News: Global Financial Snapshot: Namibia Faces Grey Listing, South Africa’s Unemployment Rises, Oil Prices Recover, and Currency Markets Shift

  In the realm of global finance, Namibia finds itself on the brink of grey listing due to non-compliance with international anti-money laundering standards. Despite Finance Minister Iipumbu Shiimi's reassurance that Namibia passed the technical compliance test, progress in five out of 11 effectiveness test outcomes signals a potential challenge. Out of 72 action items, 59 have been successfully addressed, leaving 13 unresolved. South Africa, on the other hand, experiences […]

today21 February, 2024

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Business / Economics

Executives divided on 4-day work week trial

Namibia is set to launch a pilot program for a 4-day work week, starting in April 2024, for a six-month trial period. Globally, talks around the four-day workweek were first reignited by the COVID-19 pandemic, with workers and employers rethinking the importance of workplace flexibility and benefits. Executive Chairperson of the Ohlthaver & List Group, Sven Thieme does not agree with a 4-day work week. However, Government Institutions Pension Fund's […]

today20 February, 2024

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Africa

South Sudan: some spoilers want peace to fail, putting 2024 elections at risk

    By Edgar Githua, Strathmore University   South Sudan is expected to hold its first general election in December 2024. It became an independent state in 2011. The long overdue election is one of the pillars of a peace agreement signed in 2018. It helped end the 2013-2018 civil war that killed nearly 400,000 people and displaced millions. Since then, the country has progressed in relative peace, with fewer […]

today20 February, 2024

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Africa

Bridging the Data Trust Gap: 2024 RegTech Confab Set to Unlock Africa’s Economic Potential

  Data-Driven Transparency and Compliance in the Digital Financial Ecosystem in Africa.     In an era defined by digital transformation, data has become the cornerstone of innovation and progress, particularly within Africa's burgeoning financial landscape. With Sub-Saharan Africa spearheading the global adoption of Mobile Money, boasting over 218 million active accounts according to GSMA's State of the Industry Report on Mobile Money 2023, the region stands poised to leverage […]

today20 February, 2024

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Business / Economics

What does an unchanged Repo rate mean to a GIPF member?

    By Amos Kambonde, Manager: Marketing services at the Government Institutions Pension Fund.   Recently, consumers received positive news with the announcement of an unchanged repo rate alongside an unchanged in fuel prices across Namibia. While these developments may seem distant from the average person's daily concerns, they hold significant implications, particularly for members of the Government Institutions Pension Fund (GIPF). Let's delve into what these announcements mean for […]

today20 February, 2024