How BAL’S Sahara conference action is unfolding in Dakar

via bird story agency As BAL’s Sahara Conference gets underway at the Dakar Arena in Senegal, the first round saw professional basketball clubs from Senegal, Rwanda, Nigeria, and Tunisia vying for direct playoff berths. Nigeria’s Rivers Hoopers are topping conference standings with a commanding third consecutive victory in the group stage. Their latest triumph, an 84-63 win over Tunisia’s US Monastir, follows a hard-fought 86-82 triumph […]

May 13, 2024 12

Business / Economics

Households Struggle with Soaring Debt

With the expertise of financial analyst Josef Sheehama, the growing issue of household debt has taken center stage. As the cost of living skyrockets and financial pressures increase, families across Namibia are facing a significant surge in debt. Sheehama delves into the factors driving this trend and offers invaluable advice for navigating the intricate financial landscape.

May 13, 2024 53

Business / Economics

13 May 2024 Morning Biz News: Namibia Sees Sharp Decline in Private Sector Credit, Rand Stable Ahead of U.S. Data Release, Oil Prices Slide Amidst Economic Concerns: Financial Update

Private Sector Credit Disbursements in Namibia Witness Sharp Decline: Official data has revealed a significant downturn in private sector credit disbursements in Namibia over the past year. The figures indicate a notable 65.7% decrease, with disbursements totaling N$1.44 billion compared to N$4.21 billion issued during the preceding equivalent period. The normalized cumulative credit outstanding, excluding interbank swaps and accounting for non-resident private sector claims, stands at N$112.7 billion, as reported […]

May 13, 2024 16

Africa

Can insurtech fix Africa’s low insurance penetration?

By Conrad Onyango, via bird story agency Until recently, Africa’s legacy insurance market has been relying on an old agent-driven sales model, where agents physically scouts for clients in offices, malls and other business centers to market, sell and deliver insurance products. Under this model these agents have mostly been focusing on selling individual policies largely to wealthy clients who can buy expensive products to earn them […]

May 10, 2024 15

Africa

Cement is a big carbon emitter and quality is costly: a civil engineer explains

By Elsabe Kearsley, University of Pretoria Every year the world uses 4 billion tonnes of cement to make the concrete that goes into buildings and other infrastructure. It leaves a huge carbon footprint, and comes with other costs too. Civil engineering professor Elsabe Kearsley, who researches cement and concrete, tells us more about this basic ingredient of modern life and explains some of the work that’s being […]

May 10, 2024 6

Africa

Off-grid solar sparks a lantern sales boom in Africa – report

By Bonface Orucho, bird story agency A new report has highlighted the continued popularity of lanterns powered by off-grid solar alternatives as more people opt for cleaner lighting options in Africa. The report ‘Global Off-Grid Solar Market Data July-December 2023’ by the Global Off-Grid Lighting Association (GOGLA), the global association for off-grid solar energy industry, is based on sales reported by 32 solar energy kit manufacturers […]

May 10, 2024 13

Business / Economics

U.S unemployment claims hit highest level since August

The U.S economy has seen the highest number of unemployment claims since last August. The Federal Reserve has been trying to dampen hiring in an effort to get inflation under control, but the latest weekly figures may raise fears of an increased level of layoffs. Nick Harper reports from Washington.

May 10, 2024 31

Business / Economics

10 May 2024 Morning Biz News: Renewable Energy Innovation, Currency Trends, and Economic Projections: A Comprehensive Overview of Today’s Financial Landscape”

Daures Green Hydrogen Village Collaborates with Delft Offshore Turbine for Innovative Clean Energy Solution In a significant stride towards sustainable energy production, the Daures Green Hydrogen Village and Delft Offshore Turbine (DOT) have inked a letter of intent. This partnership aims to integrate a DOT turbine into the infrastructure of the Daures Green Hydrogen Village, heralding a new era of renewable energy innovation. The DOT turbine distinguishes itself by not […]

May 10, 2024 17

Africa

Nigeria offers oil blocks to global investors

Nigeria is seeking investors for 17 of its oil blocks. The government offered 12 oil blocks and 5 deep offshore assets for sale as it marketed the assets to global oil sector investors at the ongoing 2024 Offshore Technology Conference in Houston, Texas.

May 9, 2024 40