insert_link Business / Economics 1-8 May 2024 Weekly Economic Wrap: Global Economic Highlights: Acquisitions, Regulations, and Market Movements Shape the Week’s Headlines” In a dynamic week of economic developments across various sectors and regions, the global economic landscape witnessed significant shifts and strategic maneuvers. From corporate acquisitions to regulatory measures and international market movements, here's a concise roundup of the key events shaping the economic discourse this week: Local Insights: Windhoek's Retail Scene Choppies vs. Metro: Among Windhoek's esteemed grocery supermarkets, Choppies emerges as a consistent provider of cost-effective standard groceries, […] todayMay 8, 2024 17
insert_link Business / Economics 08 May 2024: Morning Biz News: Global Economic Update: NamPower Secures Funding, Amazon Enters South Africa, Nigeria Imposes Money Transfer Levy, Dollar Strengthens 1. NamPower Secures N$2.6 Billion from World Bank for Energy Project: Namibia's power utility, NamPower, has clinched a significant funding boost from the World Bank. The N$2.6 billion secured for its Transmission Expansion and Energy Storage Project marks a pivotal moment, representing the first energy project support from the World Bank to Namibia. The investment will be channeled towards bolstering the country's transmission network, signaling a commitment to enhancing […] todayMay 8, 2024 22
insert_link Business / Economics Private sector credit growth slows Private sector credit extension experienced a sluggish of 1.3% year-on-year in March, reflecting a slowdown from February’s 1.7% year-on-year and a sharp decline from the 3.9% observed in March 2023. This represents the slowest pace of PSCE growth in the last decade. For the first quarter of 2024, the average annual credit growth further softened to 1.8% year-on-year, compared to 3.2% year-on-year in the same quarter of the previous year. […] todayMay 7, 2024 40
insert_link Africa US-Africa trade deal turns 25 next year: Agoa’s winners, losers and what should come next By Bedassa Tadesse, University of Minnesota Duluth The African Growth and Opportunity Act (Agoa) is a landmark piece of trade legislation enacted by the United States in 2000. Its goal is to promote economic growth, development and poverty reduction in sub-Saharan Africa by providing qualifying countries with duty-free access to the US market for over 6,500 products. By eliminating import tariffs and quotas, Agoa aims to […] todayMay 7, 2024 30
insert_link Africa Kenya’s public universities: financing model overhaul fails to address biggest challenge – funding By Ishmael Munene, Northern Arizona University Kenya adopted a new approach to public university funding beginning with the 2023-24 academic year. Rapid student enrolment growth and declining state revenues have triggered the need for the reforms, which will require students to meet a higher proportion of costs. Ishmael Munene, who has a scholarly interest in African higher education, examines the background to these reforms. What are the […] todayMay 7, 2024 21
Business / Economics Future Media News speaks to Ambassador Albertus Aochamub on Namibia’s Participation in MACFRUT 2024 https://youtu.be/z2TSnH37w9s?si=9TT_1YjinCIF4N8N In this insightful interview, Future Media News's Angie Scholtz speaks with Albertus Aochamub, Namibia's Ambassador to France, Spain, Italy, Portugal, Morocco, and Permanent Delegate to UNESCO. They discuss Namibia's upcoming participation in MACFRUT 2024, where the Namibia Investment Promotion and Development Board (NIPDB) will lead a delegation to showcase the country's fresh produce potential at Rimini Expo Centre, Italy, from 8-10 May 2024. Discover how Namibia aims […] todayMay 7, 2024 56
insert_link Business / Economics 7 May 2024 Morning Biz News: RWCo GmbH Remains Determined in Ohorongo Cement Acquisition Despite Regulatory Hurdles In the intricate world of business acquisitions, perseverance often defines success. RWCo GmbH, despite facing setbacks in its bid to acquire Ohorongo Cement for a staggering N$2 billion, continues to press forward with determination. The journey has been fraught with challenges, particularly concerning regulatory issues, including complications with the Namibian Competition Commission. However, recent developments indicate that RWCo GmbH remains undeterred in its pursuit. According to insights from The Brief, […] todayMay 7, 2024 32
insert_link Business / Economics EXCLUSIVE: Independent Business And Economics Researcher, Josef Kefas Sheehama on Shell’s Potential Departure from South Africa: Implications and Opportunities As the global economic landscape continues to shift, recent developments have put South Africa and its neighboring countries on high alert. Josef Kefas Sheehama, an Independent Business and Economics Researcher, sheds light on the imminent withdrawal of Shell from South Africa after a remarkable 122-year presence. In a recent interview, Sheehama outlined the potential repercussions and highlighted opportunities for South Africa and Namibia amidst this transition. Sheehama emphasizes the magnitude […] todayMay 7, 2024 38
insert_link Africa Enough With the Veto, Mozambique Vents to the ‘P5’ Security Council Members Ambassador Pedro Comissário of Mozambique leads the UN Security Council in May. He said: The “veto should have never been allowed in cases of flagrant violation of international humanitarian law as we are witnessing in Gaza at this moment.” JOHN PENNEY/PASSBLUE By Damilola Banjo The veto power of the five permanent United Nations Security Council members is the bane of countless failed resolutions across decades. Now, Mozambique’s ambassador […] todayMay 6, 2024 20