insert_link Business / Economics Price of chocolate expected to increase due to El Nino U.S. chocolate makers are warning that record-high cocoa prices will push up the price of their products. It comes as the El Nino weather patterns are impacting cocoa yields in West Africa. Caroline Malone reports. todayFebruary 12, 2024 16
insert_link Business / Economics Moody’s downgrades Israel’s debt rating Moody's has downgraded Israel's debt rating from A1 to A2 due to the economic impact of its conflict with Hamas. The credit rating business listed the increased political risk, weakened institutions, and fiscal strain as key factors. Despite remaining investment-grade, the downgrade will raise borrowing costs for Israel. Bank of Israel Governor Amir Yaron meanwhile says the country's economy is strong and will recover from the impact of the war. todayFebruary 12, 2024 3
insert_link Business / Economics Government clarifies construction sector agreement delay The Ministry of Labour, Industrial Relations and Creation has clarified the cause of the delay regarding the extension of the Collective Agreement in the Construction Sector, while at the same time distancing itself from the accusation levelled against it by the Metal and Allied Namibian Workers Union. Here is the Ministry’s Executive Director, Lydia Indombo. todayFebruary 12, 2024 19
insert_link Business / Economics 12 Feb 2024 Biz News: Economic Insights: Plastic Bag Pricing Probe, Sasol’s Profit Dip, Moody’s Downgrades Niger, and Bezos’ Amazon Share Sell-Off 1. Investigation Launched into Potential Overpricing of Plastic Bags In a bid to ensure fair pricing and compliance with regulations, Namibia's Environment, Forestry, and Tourism ministry have initiated an investigation into the pricing practices of retailers concerning plastic bags. Minister Pohamba Shifeta acknowledges preliminary findings revealing that some stores are charging between N$1 and N$5 per plastic carry bag, potentially exceeding government-mandated rates. This move reflects the government's commitment to […] todayFebruary 12, 2024 7
insert_link Business / Economics Investment in African women-founded and led startups remains a bright spot in a global ecosystem drained of funding. By Conrad Onyango, via bird story agency Africa’s women-led startups retained their sparkle through 2023, against the backdrop of one of the darkest periods for global startup funding, raising US$200 million, 7% growth over the previous year, according to a report from Africa: The Big Deal. In 2022, these female-founded ventures had grown by 4%. The amount remains significantly lower than the US$ 2.7 billion raised […] todayFebruary 9, 2024 4
insert_link Africa Nigeria’s street food: tasty but toxic? Expert shares advice to make it safer By Helen Onyeaka, University of Birmingham In the lively streets of Nigeria’s cities, where delicious street food is a daily delight, a wide variety of food can be bought and consumed instantly. From the sizzling suya snack in Abuja to the aromatic jollof rice in Lagos, street food has become an integral part of Nigerian life. However, beneath these enticing flavours lies a critical question of public safety […] todayFebruary 9, 2024 21
insert_link Business / Economics African Telco Sector Predicts Robust 2024 Growth Africa's telecommunications sector is poised for a prosperous 2024, projecting a substantial $2.24 billion growth between 2020 and 2024. The expansion is driven by increasing digital adoption and the rollout of high-speed 5G connectivity, with a focus on additional services, particularly in finance. Robert van Breukelen, COO at Itemate Solutions in South Africa, highlights key factors behind this growth. todayFebruary 9, 2024 9
insert_link Business / Economics 9 February 2024 Biz News: Economic Highlights: Namibia’s Diamond Surge, NNPC’s Fuel Price Assurance, and Global Market Updates In the dynamic landscape of global markets, several key developments have unfolded, impacting economies and industries. In this article, we delve into the latest economic highlights, ranging from Namibia's booming diamond production to Nigeria's stance on petrol prices, and the ripple effects of geopolitical tensions on oil prices and currency markets. Namibia's Diamond Production Soars: Namibia has witnessed a significant upswing in rough diamond production, reaching 2.327 million carats in […] todayFebruary 9, 2024 5
insert_link Business / Economics IJG Ghost Biz – 8 February 2024 Gary speaks to The Ghost about DRDGOLD, Multichoice, Sun International, and portfolio company Hudaco. https://iono.fm/e/1404078 todayFebruary 9, 2024 8
