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

Business / Economics

1232 Results / Page 22 of 137

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Business / Economics

SWAPO Plans to Revive Air Namibia with New Strategy

At the launch of SWAPO's election manifesto, Vice President and presidential candidate Netumbo Nandi-Ndaitwah outlined the party’s intention to revive Air Namibia reports the Namib Pulse. The airline, which shut down in 2021, had significant liabilities exceeding its assets and relied on government bailouts for over 20 years. The revival plan aims to avoid previous financial pitfalls with a more strategic approach.

todaySeptember 24, 2024 12

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Africa

Lesotho needs constitutional reforms to help gain political stability – but the latest attempt is flawed

      By Hoolo 'Nyane, University of Limpopo     Lesotho, a small country landlocked by South Africa, has been struggling to make constitutional reforms since the advent of coalition politics in 2012. It needs the reforms to address political instability which has been a feature of the country for more than five decades. The judiciary, security agencies and civil service have been politicised, resulting in the institutions being […]

todaySeptember 23, 2024 22

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Africa

Africa is the world’s largest market for Guinness beer – how its ad campaigns exploit men

    By Jordanna Matlon, American University   Africa is the world’s largest market for Guinness beer (and Nigeria is second only to Britain for the most consumers in one country). The Irish brand’s success on the continent is regarded as a trailblazing business model. And that has a lot to do with their advertising campaigns over the years. Award-winning sociologist Jordanna Matlon recently published a research paper that analyses […]

todaySeptember 23, 2024 13

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Business / Economics

23rd September Morning Biz News: Otjikoto Biomass Boosts Oshikoto Economy, Sasol & Eskom Explore LNG, and Global Markets Steady

  Otjikoto Biomass Power Station to Inject Millions into Oshikoto Region Namibia Power Corporation's 40MW Otjikoto Biomass Power Station is set to provide a major economic boost to the Oshikoto region. The project is expected to inject between N$200 million and N$245 million annually, as local farmers and contractors supply wood chips to fuel the plant, reports The Brief. This investment not only strengthens the region’s economy but also supports […]

todaySeptember 23, 2024 37

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Business / Economics

Local economist provides his perspective on the U.S Fed’s move to cut interest rates

The U.S. Federal Reserve has implemented a significant half-percentage-point interest rate cut, exceeding typical reductions. According to Reuters, Federal Reserve Chair Jerome Powell stated the decision underscores policymakers' commitment to maintaining low unemployment as inflation continues to ease. Local economist Gabriel Erastus also provided his perspective on the move.  

todaySeptember 23, 2024 12

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Business / Economics

South Africa’s central bank cuts interest rates

South African Reserve Bank Governor Lesetja Kganyago has announced that the Monetary Policy Committee has decided to reduce the country's repo rate by 25 basis points to 8%.   The announcement comes a day after SA’s inflation was reported at 4.4-percent in August, lower than the Reserve Bank's target of 4.5-percent. It is expected that the rate will also be lowered at the bank's next meeting in November.

todaySeptember 19, 2024 26

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Business / Economics

Namibia Statistics Agency records slow economic activity in Q2

The Namibia Statistics Agency has released the official GDP figures for the second quarter of 2024, covering economic activity from April to June. The economy grew slowly, with secondary industries showing only 1.5 percent growth compared to 7.1 percent in the same quarter of 2023. This slow growth was evident in the "Electricity and Water" sector, which grew by 4.1 percent, and the Manufacturing sector, which grew by just 0.6 […]

todaySeptember 19, 2024 29

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Business / Economics

Bank of Namibia symposium highlights agriculture’s growth potential

The Bank of Namibia concluded its 25th Annual Symposium in Windhoek today, focusing on the theme, "Global Value Chains for Inclusive Development: How Can Namibia Position Its Agriculture Sector?" The event brought together experts and stakeholders to discuss strategies for strengthening Namibia's agricultural sector to drive inclusive growth. BoN Governor Johannes !Gawaxab, in his address, highlighted the critical role of agriculture in Namibia's economic development. He referenced a recent World […]

todaySeptember 19, 2024 47

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Africa

Gender Parity will unlock $287B for Africa’s Economy by 2030: Mastercard Foundation Report

    Tackling systemic barriers towards the participation of young women in Africa’s workforce will drive an estimated $287 billion to its economy by 2030, boosting GDP by five percent, a new report commissioned by the Mastercard Foundation reveals. Conducted in collaboration with McKinsey & Company, the study reinforces the crucial role of women’s economic empowerment in driving the continent into a new era of transformational growth. The report, Young […]

todaySeptember 19, 2024 12

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