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

Business / Economics

1309 Results / Page 75 of 146

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Africa

Nigeria’s minimum wage has never protected workers from poverty: here’s why

    By Stephen Onyeiwu, Allegheny College   Wages have become the top issue for Nigeria’s organised labour movements in the past year. Reacting to recent increases in the cost of living, the labour movement has been calling for an upward review of the national minimum wage, currently N30,000 (US$24) a month. The Conversation’s Adejuwon Soyinka asks economics professor Stephen Onyeiwu if Nigeria’s minimum wage truly protects workers from poverty. […]

todayMay 6, 2024 28

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Business / Economics

Namibia bets on Africa’s green hydrogen with US$267M export harbour

    By Seth Onyango, bird story agency   Namibia is gearing up its logistics infrastructure to handle future shipments of green hydrogen, with a planned US$267 million hydrogen harbour at the port of Walvis Bay, according to the country's port authority, Namport. Port of Antwerp Bruges will build the facility over the next three years, billed as a hub for shipping hydrogen and its byproducts to energy-hungry markets in […]

todayMay 6, 2024 37

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Business / Economics

South Africa’s national student financial aid scheme has helped millions but is in trouble: here’s why

South Africa’s minister of higher education and training, Blade Nzimande. Darren Stewart/Gallo Images via Getty Images     By Thandi Lewin, University of Johannesburg   The board of South Africa’s National Student Financial Aid Scheme (NSFAS) has been dissolved by the country’s higher education and training minister, Blade Nzimande, and the organisation placed under administration. Nzimande made the decision because of “(the problem of) non-payment of (students’) allowances”. Thandi Lewin is […]

todayMay 6, 2024 28

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Africa

African countries can’t resolve their debt crisis under a system rigged against them

      By Carlos Lopes, University of Cape Town   The debt situation in many African countries has escalated again to a critical juncture. Twenty are in, or at risk of, debt distress. Three pivotal elements significantly contribute to this. Firstly, the rules governing the international banking system favour developed countries and work against the interests of African countries. Secondly, multilateral financial institutions such as the International Monetary Fund […]

todayMay 6, 2024 14

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Business / Economics

Shell Contemplates Exiting South Africa Amid Strained Partnership

Reports suggest that Shell, one of the largest fuel and energy companies in the country, is considering withdrawing from South Africa due to a deteriorating relationship with its BEE partner. Shell, which has been operational in South Africa for 122 years, has partnered with Thebe Investment Corporation for the past 22 years. However, tensions arose when Thebe decided to exercise its option to sell its 28% stake in Shell Downstream […]

todayMay 6, 2024 82

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Business / Economics

6 May 2024 Morning Biz News: Windhoek’s Grocery Scene: Choppies Leads Cost-Effective Selection, Metro Dominates Hypermarkets

In the bustling grocery landscape of Windhoek, Namibia, where consumers seek both quality and affordability, recent reports highlight the standout performers in the city's supermarket sector. According to insights from The Brief, a trusted source for business news, Choppies emerges as a consistent provider of cost-effective standard groceries among Windhoek's seven renowned supermarkets. Among the surveyed retailers, which include OK Foods, Spar, Woermann Brock, Shoprite, Pick ‘n Pay, Choppies (Khomasdal), […]

todayMay 6, 2024 71

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Business / Economics

Coca-Cola to end IPO dry spell with US$8 billion Africa bottler listing

  By Seth Onyango, bird story agency   Coca-Cola Co. is advancing plans for a significant initial public offering of its African bottling arm as soon as 2025, with a valuation that could exceed US$8 billion. This major financial move is set to end a period of sluggish activity on African securities exchanges and would be a significant morale boost for the continent's stock market landscape. According to insiders, the […]

todayMay 3, 2024 46

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Africa

Nigeria’s maritime logistics cruise as ports get a makeover

      By Bonface Orucho, bird story agency   Nigeria is implementing a ports makeover, ramping up investment to expand its ports as it seeks to untangle congestion, enhance efficiency, and seize economic opportunities through improved sea freight logistics. President Tinubu and Maersk Chairperson Robert Maersk Uggla have reportedly discussed a US$600 million deal with A.P. Moller-Maersk. The two met during the World Economic Forum event in Riyadh. In […]

todayMay 3, 2024 64

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Business / Economics

Will Solomon Islands’ new leader stay close to China?

    By Priestley Habru, University of Adelaide and Claudina Habru, University of Adelaide   Former foreign minister Jeremiah Manele has been elected the next prime minister of Solomon Islands, defeating the opposition leader, Matthew Wale, in a vote in parliament. The result is a mixed bag for former prime minister Manasseh Sogavare’s Ownership, Unity and Responsibility (OUR) Party. The party won just 15 of 50 seats in last month’s […]

todayMay 3, 2024 34

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