insert_link Business / Economics European Central Bank cuts interest rates The European Central Bank has cut interest rates again suggesting that efforts taken to curb inflation remain on track. It's the fourth time the ECB has cut rates this year with the deposit rate now set at three percent. William Denselow is in Brussels for us. todayDecember 13, 2024 14
insert_link Business / Economics Inflation-cutting stalls in US as prices rise Progress on cutting inflation in the US has stalled as prices rise, according to the latest data from the US government's key metric for tracking inflation levels. The Consumer Price Index shows the monthly inflation rate and annual inflation rate each rose by 0.1 percentage points from their October levels. Kate Fisher reports todayDecember 12, 2024 17
insert_link Business / Economics Pound sterling has reached a high against the euro Pound sterling has reached a high against the euro not seen since before the Brexit vote of 2016, when the UK left the EU. A combination of factors relating to interest rates, the threat of US tariffs, and political troubles in France and Germany led to the milestone. Stuart Smith explains. todayDecember 12, 2024 9
insert_link Africa World Bank Cuts Kenya’s Growth Forecast to 4.7% CNBCAfrica says the World Bank on revised Kenya’s 2024 economic growth projection down to 4.7% from an earlier estimate of 5.0%, attributing the downgrade to the effects of floods, anti-government protests, and sluggish fiscal reforms on Tuesday. Despite progress in stabilizing the exchange rate, increasing central bank reserves, and reducing inflation, Kenya remains at a high risk of debt distress, according to the bank's latest report. todayDecember 11, 2024 7
insert_link 1 Business / Economics Langer Heinrich Uranium Donates Ambulance to Omaruru District Hospital In a generous gesture to enhance healthcare access, Langer Heinrich Uranium has donated a fully equipped ambulance to the Omaruru District Hospital. Valued at N$800,000, the new ambulance will provide vital medical transport to remote communities in the Omaruru constituency, ensuring better access to urgent care. Managing Director Johan Roux expressed pride in the contribution, emphasizing its importance in supporting health services for the people of Omaruru and surrounding areas. todayDecember 6, 2024 7 1
insert_link Business / Economics Bank Windhoek Offers Tips for Buying a Car In a bid to help customers make informed vehicle purchases, Bank Windhoek has shared key tips for buying a car. From deciding between new and pre-owned options to budgeting for ongoing costs, the bank’s Vehicle Finance Branch Manager, Amanda Von Wielligh, encourages buyers to do thorough research and carefully assess their affordability. The bank also offers financing solutions to assist with vehicle purchases, ensuring a smooth and financially sound buying […] todayDecember 6, 2024 7
insert_link Africa Botswana’s Central Bank Holds Interest Rate Steady CNBCAfrica reports that Botswana’s central bank has decided to keep its main lending rate at 1.90% on Thursday, citing expectations that the economy will remain below capacity and not generate inflationary pressures due to a downturn in the global diamond market. This marks the second consecutive meeting where the rate has been left unchanged. The rate is applied through a seven-day instrument. todayDecember 6, 2024 8
insert_link Business / Economics NamRA Commissioner Elected African Tax Administration Forum Vice Sam Shivute, Commissioner of the Namibia Revenue Agency was elected Vice Chairperson of the African Tax Administration Forum during its General Meetings in Kigali, Rwanda. This election signifies Namibia's growing influence in African tax governance, with Shivute joining eight other commissioners on the ATAF Governing Council for a two-year term.Yarukekuroo Ndorokoza is NamRA's Chief Strategic Communications and Support Engagements official . He expandson ATAF: todayDecember 6, 2024 11
insert_link Business / Economics Trustco Calls General Meeting for Legal Shield Holdings Acquisition Vote Trustco has set a General Meeting for January 7, 2025, where shareholders will vote on acquiring an additional 1,135 shares in Legal Shield Holdings for N$469 million, increasing its stake to 91.35%. The deal, initially announced in April 2024, was detailed in a circular sent to shareholders. TrustCo's Neville Basson: todayDecember 6, 2024 17